Financial Aid Information for Graduate Students
For complete information regarding the information below please see the Graduate section of the Award Guide.
- Complete the FAFSA electronically at www.fafsa.gov
- For Fall 2017, Spring 2018, and/or Summer 2018 complete the 2017-2018 FAFSA
- For Fall 2018, Spring 2019, and/or Summer 2019 complete the 2018-2019 FAFSA (Available October 2017)
- Be sure to list Goucher's federal school code: 002073
- Activate your FASTS account and log in to review your "Documents" tab about a week after submitting your FAFSA - Submit any needed documents
- Please submit a Graduate Student Expected Enrollment form when you are confident of your expected credits each semester
- Provided your FAFSA was received, we have any needed documents and your expected enrollment form, then you should receive financial aid information by e-mail after processing
- Contact the Office of Student Financial Aid if you have any questions or issues
- If you intend to accept any federal student loans, then log in at studentloans.gov and complete Direct Loan Entrance Counseling and a Master Promissory Note (MPN)
- Federal aid - Direct Unsubsidized loan, Graduate PLUS loan, TEACH Grant
- Goucher aid - contact the office for your graduate program for more information
- Maryland State aid - limited scholarships for legal residents of Maryland
- Outside aid - scholarships or other tuition benefits
- Private education loans
- Each type of aid requires you to meet and maintain certain eligibility requirements.
- Graduate students need to be at least half-time (4.5 credits) to be eligible for federal loans.
Cost of Attendance
- Students may receive financial aid up to their Cost of Attendance (COA). The COA includes direct institutional charges (tuition and fees) and estimates of indirect expenses (room and board, transportation, books and supplies, and miscellaneous expenses).
- New and continuing students with a complete FAFSA and expected enrollment form on file for an upcoming academic year will begin receiving notifications in May. (ex. 2018-2019 FAFSA submitted for Fall 2018 and expected enrollment form submitted in March 2018, so student receives notification in May 2018.)
- Following May, notifications are on a rolling basis. Typically, a student is notified within 10-15 business days of our office receiving a completed FAFSA and the graduate expected enrollment form.
- Students will receive an email when their financial aid notification may be accessed on the Financial Aid Student Tracking System (FASTS). Students will need to log into FASTS to accept or decline their award(s).
- Depending on the award(s) accepted, additional documentation may be needed.
- Students who intend to accept federal loans will need to complete Entrance Counseling and a Master Promissory Note (MPN) online at studentloans.gov.
Billing & Refunds
- The first E-Bill for each semester will display financial aid as anticipated aid. Anticipated aid is replaced with actual aid after the last drop date of each semester if the aid has been accepted on FASTS and all required financial aid documents have been received and processed.
- Any remaining charges after all financial aid is applied must be paid by the E-Bill due date. If the student has a credit on their account they may request a refund.
- PLAN AHEAD - Refunds are not available until after the semester begins. Indirect expenses may need to be paid out of pocket until the refund is available.
Professional Development Certificate & Non-Degree Seeking Graduates
Students participating in the Welch Center's eight Professional Development Certificate and non-degree seeking graduate programs are not eligible to receive federal financial aid.