Financial Aid Information for Graduate Students

For a more detailed review of financial aid for graduate students, please refer to the Award Guide.

Application Procedures

Award Types

Eligibility Criteria

  • 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).

Award Notification

  • 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.
  • Graduate students in education programs may be packaged later if they will be receiving tuition discounts or tuition benefit payments from their school system. If the financial aid office is informed of a tuition discount or benefit payment after financial aid has been packaged, then this will require the financial aid to be revised.
  • Students will receive an email when their financial aid notification may be accessed on Net Partner.  Students will need to log into Net Partner to accept or decline 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

Billing & Refunds

  • Electronic statements will usually 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 Net Partner 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 statement 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.