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Graduate Financial Aid

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Presentation on theme: "Graduate Financial Aid"— Presentation transcript:

1 Graduate Financial Aid
Scholarships Assistantships Student Loans

2 Scholarships Application based scholarships Automatic scholarships
Two types of merit scholarships available: Application based scholarships Automatic scholarships

3 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 *

4 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

5 Application Scholarships
Scholarship amounts normally range between $2,000 to $4,000 Full-time versus part-time a factor

6 Automatic Scholarships
Social Work Counseling and Psychology Psy.D. Clinical Psychology

7 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

8 Automatic Scholarships
Scholarship amounts normally range between $3,000 to $4,000 Full-time versus part-time a factor

9 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

10 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

11 Student Loans Federal Direct Unsubsidized Loan
Federal Direct Graduate PLUS Loan Alternative Loans

12 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

13 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

14 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

15 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

16 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”

17 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 .

18 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 Master Promissory Notes for Unsubsidized Direct Loans and Graduate PLUS loans at

19 QUESTIONS???

20 Financial Aid Office (570) 348-6225 Graduate Admissions (570) 340-6002
Contact Information Scholarships: Financial Aid Office (570) Graduate Admissions (570) Assistantships (570) Student Loans


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