Direct Unsubsidized Stafford Loan: Federal loan available to all students who have filed for financial aid using the FAFSA, regardless of financial need; interest begins to accrue immediately after disbursement. Students may borrow up to $20,500 per academic year. The fixed interest rate is 6.8 percent. Principal and interest are deferred from payment until six months after the student is no longer enrolled at least part-time. Students have the option to pay interest while in school or defer interest until the loan goes into repayment.
Federal Work-Study: Federally funded work program. Students work part time and wages are paid jointly by federal funds and the University. Students have the option of using their checks to make payments on their balance or to keep as personal spending money.
Nurse Faculty Loan Program: Federal loan for full-time graduate nursing students intending to become faculty members. Up to 85 percent of loan may be forgiven while serving as full-time nursing faculty after graduation. Contact the School of Nursing for further information.
Federal TEACH Grant (Teacher Education Assistance for College and Higher Education): This is a federal grant program that provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. First year graduate students must have a cumulative transcript GPA of 3.25 and then are required to maintain a GPA of 3.25. Eligible students will be contacted by the Office of Financial Aid via email.