Financial Aid Information for Graduate Students
For a more detailed review of financial aid for graduate students, please refer to the Award Guide.
NEW GRADUATE STUDENTS
In addition to the regular application procedures below, new graduate students should make sure they take care of these additional steps. PLEASE NOTE that new students cannot complete these steps until they are officially accepted into an aid-eligible degree program and have been issued their 9-digit Goucher ID number by the graduate office.
Goucher Student E-Mail Access
- Once you have received information about your Goucher student e-mail, please transition to using that e-mail exclusively for all things Goucher related.
- 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
- You will need to activate your account in Net Partner as a First Time User.
- Net Partner is where you review your file for needed documents and where you accept or decline your financial aid.
Loan Entrance Counseling and Master Promissory Note (MPN)
- Students who intend to accept federal student loans need to complete the federally-required
Entrance Counseling and 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 specifically wait to have your loans in place and accepted. You may use estimates for the purposes of the Entrance Counseling.
Graduate Student Financial Aid Application Procedures
- Complete the FAFSA electronically at www.fafsa.gov.
- For Fall 2019, Spring 2020, or Summer 2020 complete the 2019-2020 FAFSA.
- For Fall 2020, Spring 2021, or Summer 2021 complete the 2020-2021 FAFSA.
- Be sure to list Goucher's federal school code: 002073.
- Submit a Graduate Student Expected Enrollment form when you are confident of your expected schedule and credits.
- Provided we have received your FAFSA and all required documents, then you should receive financial aid information by e-mail after processing. (See Award Notification below.)
- Contact the Office of Student Financial Aid if you have any questions or if your enrollment plans change in any way.
- If you are starting to apply for financial aid after being billed or after classes have started, then please make sure you are responding promptly to any needs. Until your financial aid is completely processed, you may be subject to late fees.
- Federal aid - Direct Unsubsidized loan, Graduate PLUS loan
- MAT programs only (other requirements may apply) - Federal TEACH Grant
- To initiate applying for a TEACH grant, submit online TEACH counseling and the Agreement to Serve (ATS) at studentloans.gov. (The login is the same as for your FAFSA.)
- 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 students please note that all official notifications go only to your secure Goucher student e-mail.
- New and continuing students with a complete FAFSA and expected enrollment form on
file for an upcoming academic year will receive financial aid information on a rolling
- This process will begin in July for the upcoming year. (July 2019 for the 2019-2020 year beginning in Fall 2019.)
- If you have submitted all documents after July, then please allow 2-3 weeks to receive notification to your Goucher student e-mail.
- Graduate students in education programs may have longer processing times 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 need to use Net Partner to accept or decline award(s).
- New students who accept federal loans will need to complete Entrance Counseling and a Master Promissory Note (MPN) online at studentloans.gov.
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 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 the refund is available.
- Please note that if you are registered in partial-semester terms and also registered for less than 4.5 credits in the first part of the term, then financial aid will not disburse until after the drop date of the later-starting class.
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.