Financial Aid

How to finance graduate school?

 

If you are thinking about graduate school and are concerned about
the costs, financial aid options are available to you.

Federal loans:
To be eligible for federal loans, you must:

• Be a U.S. citizen;
• Be enrolled at least half-time;
• Be pursuing a degree;
• Not be in default of any previous federal loans; and
• Complete the FASFA.

The FAFSA is the free application for federal student aid, and
collects information used to determine eligibility for the different
federal loan programs.

Additional Financial Aid Options:

GradPLUS loans
To be eligible for this loan you must:

• Be enrolled at least half time in a degree program
• Show satisfactory progress toward a degree
• Be a U.S. citizen
• Meet minimal credit requirement
• Apply for the full graduate Stafford loan for the academic year; and
  Be determined eligible once approved.

In general, you can qualify for this loan if you have a satisfactory
credit history. When you apply for the GradPLUS loan, a copy
of your credit report is obtained from a national credit bureau as
required by federal law.

Some adverse credit items will affect eligibility, including:

• Debts more than 90 days past due
• Unsatisfied judgments
• Unpaid collection accounts; and Evidence within the past five years of bankruptcy default, foreclosure, repossession, tax lien, wage garnishment, or write off of a Title IV student loans debt.

There are NO collateral requirements of income limitations.
Repayment of a GradPLUS—you have up to 10 years to repay
the loan. There is a minimum monthly payment of $50.
Repayment begins 60 days after the final disbursement of the
loan funds for that academic year (which means you begin
repayment while you are still enrolled in school); however, you
may be able to defer repayment as long as you are enrolled at
least half-time.

For additional Financial Aid information, contact:
Financial Aid Office
800.347.4878
260.665.4511 fax
finaid@trine.edu