• U.S. citizenship or eligible non-citizen.
• Make satisfactory academic progress.
• Register with the Selective Service, if required.
• Not be in default on a loan or owe repayment on a federal grant.
• Complete the Free Application for Federal Student Aid (FAFSA).
• Complete a Graduate/Post-Bac Financial Assistance Information and Enrollment form.
• Unconditional acceptance in a recognized program of study leading to a specific graduate (Masters) degree or Certificate.
• Enroll in at least 5 credit hours for a Masters program or in at least 6 credit hours for post-baccalaureate students.
  
  

Determining Financial Need
Financial need is the difference between the estimated cost of attending a college or university and the amount you are expected to pay towards your college education. The Expected Family Contribution (EFC) is determined based on the information you provide on the FAFSA. This amount may be more or less than your actual out-of-pocket contribution toward your education.



Before beginning your FAFSA, you should register for a PIN (Personal Identification Number). This PIN will serve as your electronic signature on the FAFSA. This will allow the FAFSA process to be completely paperless. Students who do not utilize a PIN will have to print a signature page and mail it to the federal processor. This may cause a delay of the receipt of your FAFSA results.



PLEASE NOTE: Stetson University must be listed on the FAFSA in order for our office to receive the results. Our Title IV school code is 001531. You should print the application data for your records. The federal processor will notify you that your FAFSA has been processed. Your processed FAFSA is your Student Aid Report (SAR). If you need to make corrections, resubmit them at the FAFSA website.



Your cost of attendance (COA) includes the actual tuition charge plus an allowance for housing, meals, books, transportation and miscellaneous personal expenses.



The tuition per credit hour charge for the 2007-2008 academic year for the DeLand campus is as follows: $575 per credit hour for the MBA program and Masters in Counseling, Education, Education Leadership, or teacher certification program.



The tuition charge for the 2007-2008 academic year for the Celebration campus is as follows: $675 per credit hours for the MBA program, and $675 per credit hour for the Masters in Counseling, Education, Education Leadership, or teacher certification program.



Types of Assistance Available
Accepted students may be eligible for federal and or private loans. Grant funds are not available for graduate or post-baccalaureate students.



Federal Loans
Subsidized Stafford Loan: $8,500 maximum per academic year for graduate students, not to exceed the cost of attendance. The loan maximum for certificate or second bachelor degree students is the same as the undergraduate loan levels. The level is determined by the number of credit hours the student has earned towards their degree or certificate. Subsidized Stafford Loans are based on financial need as determined by the FASFA. The federal government pays the interest on the subsidized Stafford Loan as long as the student is enrolled at least half time. Half-time enrollment is 5 credit hours per semester for graduate students, and 6 credit hours per semester for certificate or second bachelor degree students.



Unsubsidized Stafford Loan: $8,500 maximum per academic year for graduate students, not to exceed the cost of attendance. The loan maximum for certificate or second bachelor degree students is the same as the undergraduate loan levels. The level is determined by the number of credit hours the student has earned toward their degree or certificate. Students who do not show need or are not eligible for the entire amount of their loan to be subsidized are awarded an unsubsidized Stafford Loan. The federal government does not pay the interest on this loan. The student has the option to defer the interest payments until no longer enrolled at least half time. Note: A student can only receive the total of $8,500 per academic year of subsidized and base unsubsidized Stafford Loans.



Additional Unsubsidized Stafford Loan: $10,000 maximum per academic year for a graduate student, not to exceed cost of attendance. The loan maximum for independent certificate or second bachelor degree students is the same as the undergraduate loan levels. Although the loan is not based on need, the FAFSA must be completed and processed before this loan may be awarded. The student is responsible for paying the interest on this loan. Note: The combination of subsidized and unsubsidized loan amount cannot exceed the cost of attendance.



Alternative Loans
Alternative educational loans are available to enrolled credit-worthy students regardless of financial need; completion of the FAFSA is not required. In some cases a credit-worthy co-signer may be required. These loans may also be used for past due balances or other educational expenses, such as a computer. The interest rates for these loans are generally higher than the Stafford Loan.

• Lender List
  
  

In-Service Discounts
Students enrolled in a graduate/certificate program offered by the College of Arts and Sciences who are employed full-time by a non-profit agency may qualify for a tuition reduction. A request for the discount must be submitted/approved every semester by the Graduate Studies Office.ﾠ This form must be submitted within 30 days of the start of the term as published in the Bulletin. Please note: the value of the in-service discount will be used as a resource to meet need and may reduce your eligibility for other types of financial aid. For more information, please contact the Arts and Science Graduate Studies Office at 386-822-7075.



Payment Plans
Stetson University offers two types of payment plans: a 10-month payment plan administered by Key Bank and an 8-month credit card plan. For the Key Bank payment plan, the first payment is due June 1. Although no interest is charged, Key Bank requires an application fee. For more information about payment plans, please contact the Student Account Office at 386-822-7050.



Enrollment Requirements
Students must be enrolled at least half time (see below) throughout each semester in order to be eligible for loans for any semester (summer, fall, spring).



Graduate Students
Half time status (5 credit hours) -- Summer, Fall, or Spring

Certificate/2nd Bachelor Degree Students
6 credit hours -- Summer, Fall, or Spring



**Students must be enrolled at least half time in order to qualify for deferment of Stafford Loans.



Financial Aid Awards
Financial aid awards are made based on the date of file completion. Please allow at least 30 days after all of the required or requested documents are received/reviewed for a financial aid award to be made. It is to your advantage to respond to all requests from this office as soon as possible.



Financial aid award letters list all of the aid for which you are eligible to receive at the time the award is made. You are requested to accept, decline or change the award through BannerWeb.



Refunds
Students whose education charges are less than their financial aid may have a credit on their student account once all the funds have been received. Contact the Student Accounts/Billing Office at 386.822.7050 for more information. Please note that all aid must be received before refund can be made.