The best sources of aid are those that
you don't have to pay back; therefore, it is in your best interest to
first look to your academic department or professional school for
assistance (for example; teaching assistants ships, fellowships, fee
waivers, etc). You may also want to check out Financial Aid Programs At-A-Glance.
Federal regulations prohibit you from receiving more financial aid than your cost of attendance. Aid received from outside sources will affect your aid eligibility. Additional aid sources may include:
Tuition Waivers, Fellowships, Scholarships, and Stipends
If you are expecting funds from these or other sources, let us know immediately using the Additional Resources Form to avoid an unpleasant surprise if we have to recover funds already disbursed to you. Your awards will be revised to reflect any changes.
2007-2008 Aid Year
(Fall 2007, Spring 2008, Summer 2008)
2008-2009 Aid Year
(Fall 2008, Spring 2009, Summer 2009)
Fall 2007: 08/27/07- 12/14/07 Spring 2008: 01/07/08 - 05/02/08 Summer 2008: 05/12/08 - 08/08/08
Fall 2008: 08/25/08- 12/12/08 Spring 2008: 01/05/09 - 05/01/09 Summer 2008: 05/11/09 - 08/07/09
You must determine how much to borrow based on your personal resources, the length of your program, and your ultimate career plans. Keep in mind that the Office of Financial Aid cannot certify more than the total cost of the your program; which includes tuition, housing, meals, books & supplies, and personal expenses.Students should consider their loan debt and examine their budgets to minimize expenses in an effort to avoid the temptation to borrow too much. Consult the loan payment calculator on www.finaid.orgto see what monthly payments will be after graduation to help determine how much loan money to borrow.
Federal Stafford Loans
Stafford loans are awarded as either subsidized or unsubsidized.
Subsidized Stafford loans are need-based loans made directly to you with a low interest rate and lenient repayment terms. Payments are deferred as long as the student is enrolled at least half-time. Repayment of interest and principal does not begin until six months after graduation. No interest accrues until the loan is in repayment.Unsubsidized Stafford loans are also made directly to you at a low interest rate. However, they are not based on need and interest begins to accrue from the date of disbursement. Repayment of accrued interest and principal does not begin until six months after graduation, but the student may choose to pay the interest as it accrues.
Federal Stafford Loan Limits
Per Year
Cumulative Limit
Subsidized
$8,500
$138,500 (subsidized and unsubsidized total)*
Unsubsidized
$12,000
$138,500 (subsidized and unsubsidized total)*
* - No more than $65,500 of this aggregate amount may be in subsidized loans.
A private loan is a privately financed education loan, which is offered by banks and other organizations. A creditworthy co-applicant may be required as these are credit-based loans. Individual eligibility will vary according to cost, need, and any other aid being received by the student.
