Financial Aid Information for Graduate Students


New Graduate Student Most Frequently Asked Question

I was accepted into a program and submitted my FAFSA. When do I get my financial aid?

Graduate students are normally eligible only for federal unsubsidized loans. Goucher does not automatically package loans for graduate students, because eligibility is based on your specific enrollment. In general, as long as you submit a FAFSA and meet basic federal requirements, you should be eligible for a federal loan in any semester where you are in at least 4.5 credits of required coursework. You should receive a response directly from FAFSA on your general eligibility. You may also contact us to confirm if you appear generally eligible for a federal loan, but you will not receive an offer of financial aid until you declare intent to enroll, work with your advisor to plan your schedule, and submit that to us with the expected enrollment form. Please carefully read the additional information below for new students and review the application checklist.


Fall 2022 Past Due Balances

  • The final cut-off date to complete steps for federal student loans was November 11th, 2022.
  • This includes submitting both a 2022-2023 FAFSA and the Expected Enrollment and loan request form.
  • If you were not able to complete both by 11/11/2022, then applying for a private student loan is probably your best financial aid option to arrange for a Fall 2022 past due balance.
  • For other payment options, please see the billing/payments web page.

New Graduate Students starting Winter/Spring 2022

  • The two most important first steps are to submit your FAFSA and Goucher's Expected Enrollment form.
  • IMPORTANT TIP: If you are submitting your FAFSA now (after October 1), then please make sure you submit BOTH a 2022-2023 FAFSA and the 2023-2024 FAFSA!!
  • Winter and Spring credits are added together for financial aid. So, as an example, if you are in 1.5 credits in Winter 2023 and 3 credits in Spring 2023, you would be considered in 4.5 credits Spring 2023 and should be eligible for a federal loan.
  • After submitting both, please allow 5-10 business days for an e-mail with next steps.
  • If you have already been billed, then please respond promptly to your financial aid needs to avoid billing holds or late fees.
  • See the application checklist and the general new student information below to clarify all required steps.


Graduate Student Financial Aid Application Checklist

You may use our one page application checklist to review the most important steps you need to complete for financial aid. However, please carefully read all of the information on this web page and reach out with questions as needed.



Welcome to Goucher! These are important first steps for new graduate students who have declared intent to enroll in a Masters program and have been issued their Goucher ID number and Goucher e-mail.

Goucher Student E-Mail Access

  • Once you receive the login for your Goucher e-mail, please switch to using only that e-mail.
  • All important financial aid and billing statement e-mails will go ONLY to your secure Goucher student e-mail, so you don't want to miss any important updates!
  • If you need help with accessing your Goucher student e-mail, please contact Goucher's IT help desk: 410-337-6322.

Goucher's Online Financial Aid System: Net Partner

Loan Entrance Counseling and Master Promissory Note (MPN)

  • Students accepting federal student loans need to complete Entrance Counseling and a Master Promissory Note (MPN) online.
    • The login is the same FSA ID and password as for your FAFSA.
  • Most students only need to complete these tasks the first semester they accept federal loans.
  • You don't need to wait to have your loans accepted. You may use estimates. See our tip sheet on the forms page for additional help.

Graduate Student Financial Aid Application Procedures

  • For a one-page summary of key steps, please see the application checklist.
  • Complete the FAFSA at
  • Be sure to add Goucher to receive your FAFSA. You should be able to search for us, or you may use our federal school code: 002073.
  • Submit a Graduate Student Expected Enrollment form after working on your schedule with your academic advisor. Please plan for the entire 2022-2023 year up to and including Summer 2023.
  • Maximum borrowers, please think about the annual and lifetime federal loan limits. If you are planning to enroll Summer 2023, then we can work with you to better plan your borrowing for the whole year so you avoid over-borrowing in Fall/Spring.
  • Once we have your FAFSA and all required documents, then you should receive financial aid information by e-mail within 5-10 business days. (See offer Notification below.)
  • Contact Student Financial Services if you have any questions or if your enrollment plans change in any way.
  • If you are starting to apply for financial aid any less than 3 weeks prior to the start of term or after being billed, then please make sure you are respond promptly to any needs. Until your financial aid is processed, you may be subject to billing holds or late fees.

Important Dates

Priority FAFSA Submission Dates

Academic Year Semesters Priority Deadline for FAFSA
2022-2023 Fall 2022, Winter/Spring 2023, Summer 2023 March 1, 2022
2023-2024 Fall 2023, Winter/Spring 2024, Summer 2024 March 1, 2023

We are able to process after the priority deadline, however please note the following.

  • If you are applying after being billed, then please make sure you respond promptly to any needs.
  • We are almost always unable to process a federal loan for a previous term.
  • If it is after the drop date and we are unable to process federal student loans for any reason, then you may need to make alternative payment arrangements or apply for a private student loan.

Offer Notification

  • New students please note that all official notifications go only to your Goucher e-mail.
  • Because most graduate students are only eligible for federal loans, students are not offered financial aid until after choosing to enroll and submitting all required items.
  • New and continuing students who have submitted everything needed will receive financial aid notifications on a rolling basis.
    • This process will begin in July for the upcoming year. (July 2022 for the 2022-2023 year beginning in Fall 2022.)
  • Please allow at least 1-2 weeks after submitting all required items.
  • Graduate students in education programs may take longer if they are getting tuition discounts or employer benefits. If tuition discounts or benefit payments arrive after financial aid, then this may require the financial aid to be revised. Please clarify if you are expecting discounts or benefits on your expected enrollment form.
  • Students will receive an email when their financial aid becomes available on Net Partner. Students need to use Net Partner to accept or decline financial aid.
  • New students who accept federal loans will need to complete Entrance Counseling and a Master Promissory Note (MPN) online at

Financial Aid Types

  • Federal aid - Direct Unsubsidized loan, Graduate PLUS loan
  • PLUS loan application is only needed if you can't meet your needs with the Unsubsidized loan.
  • MAT programs only (other requirements apply) - Federal TEACH Grant
  • Goucher Scholarships
    • Graduate education programs only: A limited number of scholarships are available. Scholarships are normally determined in October. (October 2022 for the 2022-2023 year.) There is no separate application and all students who submit FAFSAs are considered.
    • All other graduate programs: Individual programs have a limited number of competetive scholarships that are typically determined during the admissions process. You may 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 student loans (Our suggested resource is ELMSelect.)

Eligibility Criteria

  • Each type of aid requires you to meet and maintain certain eligibility requirements.
  • For federal aid, students must meet the basic federal 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).

Billing & Refunds

  • Electronic statements will usually display financial aid as anticipated aid, provided you have completed all steps to accept your aid at least 2 weeks before the statement is issued.
  • Anticipated aid will disburse and be applied to your account after the last drop date of each semester.
  • Any remaining charges must be paid by the statement due date. If the student borrowed more and has a credit on their account they may request a refund.
  • PLAN AHEAD - Refunds are not available until about 3 weeks after the semester begins. Indirect expenses may need to be paid out of pocket until a refund is available.
  • Please note that if you are registered in any half-semester terms (i.e. Fall Term 1 and Fall Term 2), then financial aid may not disburse until after the drop date of the later-starting class.

Professional Development Certificate & Non-Degree Seeking Graduates

Students who are non-degree seeking or participating in Professional Development are not eligible to receive federal financial aid.

Schedule an Appointment

Still have questions? You may schedule a Zoom appointment with Goucher's financial aid counselor for graduate students using Calendly.

Final Semester Cut-Off Date Guidelines for Federal aid

Of course we will always do our best to try and process financial aid for a graduate student as soon as possible. However, it is highly unlikely that we will still be able to process federal financial aid for a particular semester if it is after the date indicated here. If it is after this date and all required federal financial aid steps have not been completed, you may need to seek a private student loan instead or make other payment arrangements. SUMMER APPLICANTS: Also please note that the FAFSA cut-off date is June 30 every year.

Term FAFSA Year FAFSA and Exp. Enrollment form on file
Summer 2022 2021-2022 August 1, 2022 (FAFSA by June 30, 2022)
Fall 2022 (Term 1 only) 2022-2023 October 1, 2022
Fall 2022 (Full term/Term 2) 2022-2023 November 11, 2022
Winter (only) 2023 2022-2023 January 6, 2023
Spring 2023 (Term 1 only) 2022-2023 March 10, 2023
Winter/Spring 2023 2022-2023 May 5, 2023
Summer 2023 (Term 1 only) 2022-2023 July 1, 2023 (FAFSA by June 30, 2023)
Summer 2023 2022-2023 August 1, 2023 (FAFSA by June 30, 2023)

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