Graduate Financial Aid Scholarships Assistantships Student Loans
Scholarships Application based scholarships Automatic scholarships Two types of merit scholarships available: Application based scholarships Automatic scholarships
Application Scholarships Art Business & Managerial Science Communication Arts Criminal Justice Sports Nutrition and Exercise Health Services Administration Nutrition & Dietetics (Campus Based) Biotechnology Ph.D. in Administration & Leadership *
Application Scholarships Application is available on the Graduate Financial Aid website Deadline is February 14, 2018 Must have cumulative UG GPA of 3.20 Must be an accepted student Must reapply each year * Ph.D. in Administration & Leadership; separate application due April 15, 2018
Application Scholarships Scholarship amounts normally range between $2,000 to $4,000 Full-time versus part-time a factor
Automatic Scholarships Social Work Counseling and Psychology Psy.D. Clinical Psychology
Automatic Scholarships Admissions application serves as the scholarship application Must have all required acceptance documentation submitted by April 15, 2018 Renewable each year with required GPA
Automatic Scholarships Scholarship amounts normally range between $3,000 to $4,000 Full-time versus part-time a factor
Assistantships Full assistantships only Research and administrative opportunities 4.5 credits of tuition remission Stipend up to $5,400 Required to work approximately 20 hours/week Required to enroll in 9 graduate credits/semester
Assistantships Separate application required Resume required Deadline is February 14, 2018 for Master’s programs Deadline is April 15, 2018 for Doctoral programs Must reapply each year; not automatically renewed
Student Loans Federal Direct Unsubsidized Loan Federal Direct Graduate PLUS Loan Alternative Loans
Federal Direct Unsubsidized Loan Matriculating students enrolled at least ½ time; 3 credits per semester at Marywood Can borrow $20,500 per academic year Current interest rate is 6.00% Credit check is not required Six month grace period after graduation with various payment plans available
Federal Direct Graduate PLUS Loan Matriculating students enrolled at least ½ time; 3 credits per semester at Marywood Can borrow up to the cost of education per academic year Current interest rate is 7.00% Credit check IS required Six month grace period after graduation with various payment plans available
Alternative Loans Normally used in addition to Federal Direct Loans If used alone, no FAFSA required Credit check is required Interested rates and fees are usually higher than Federal Direct Loans The approved loan amount can never exceed the cost of education less federal loans, scholarships, and other aid Visit www.elmselect.com
Other Payment Options Payment in Full Employer Reimbursement Credit Cards More information can be found on the Cashier’s website: marywood.edu/cashier/financial-facts/payment-options.html
Protect Yourself “Buy now or miss this opportunity” As you prepare for graduate school, protect yourself from these common financial aid scams: Don’t pay for the FAFSA Don’t pay for Financial Aid or Scholarships “Buy now or miss this opportunity” “We guarantee you’ll get aid” “We have aid for you; give me your credit card or bank account number”
Frequently Asked Questions and Tips Graduate students are automatically considered independent students The Financial Aid Office cannot discuss student information/status with anyone but the student. Please do not have parent(s) contact us on your behalf. The FAFSA must be filed each academic year and can be used for Fall, Spring & Summer of that academic year. Additional paperwork may be required. You will be notified by email.
How to Apply? Complete the FAFSA at www.fafsa.ed.gov Can now file as early as October 1 First time borrowers at Marywood University must also complete: Entrance counseling www.studentloans.gov Master Promissory Notes for Unsubsidized Direct Loans and Graduate PLUS loans at www.studentloans.gov
QUESTIONS???
Financial Aid Office (570) 348-6225 Graduate Admissions (570) 340-6002 Contact Information Scholarships: Financial Aid Office (570) 348-6225 finaid@Marywood.edu Graduate Admissions (570) 340-6002 GoGrad@marywood.edu Assistantships (570) 348-6203 acbabcanec@marywood.edu Student Loans