Financial Aid Information for Graduate Students

 

Summer 2021 Past Due Balances

  • Please note that at this time, applying for a private loan is the only financial aid resource our office can suggest to help with a past due Summer 2021 balance.
  • Summer 2021 was the final semester of the 2020-2021 year.
  • As per federal regulations, students cannot take a federal loan to help with a past-due term. This is not a Goucher policy.

Fall 2021 Financial Aid

  • The two most important first steps to apply are to submit your FAFSA and Goucher's Expected Enrollment form.
  • After submitting both, please allow at least 5 business days for an e-mail with next steps.
  • If you have already been billed, then it is your responsibility to respond promptly to all your required financial aid steps.
  • In general, students need to complete all financial aid steps prior to their due date to avoid late fees or a billing hold.
  • See the application checklist below to clarify all required steps.

Application Checklist

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

 

NEW GRADUATE STUDENTS

In addition to the regular steps below, new graduate students should also make sure they have done the following. PLEASE NOTE that new graduate students may not be able to do these steps until they are officially accepted into an aid-eligible degree program and have been issued their 9-digit Goucher ID number and Goucher e-mail.

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

  • Net Partner is where you review your file for needed documents and where you accept or decline your financial aid.
  • Net Partner uses your 9-digit Goucher ID, which is not the same as your e-mail login.
  • If you can't find your Goucher ID number then you will receive it at the top of your financial aid notification e-mail.
  • PLEASE NOTE that Net Partner is only for financial aid. Your billing account and statements are a different system and login: https://www.goucher.edu/billing/e-billing-and-online-payments/

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.

Graduate Student Financial Aid Application Procedures

  • For a one-page summary of key steps, please see the application checklist.
  • Complete the FAFSA at https://studentaid.gov/h/apply-for-aid/fafsa
  • 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 2021-2022 year up until Summer 2022.
  • Maximum borrowers, please be mindful of the annual and lifetime federal loan limits. If you are planning to enroll Summer 2022, then we can work with you to better plan your borrowing for the whole year.
  • 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 any less than 3 weeks prior to the start of term or after being billed, 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 from the billing office.

Important Dates

Priority FAFSA Submission Dates

Academic Year Semesters Priority Deadline for FAFSA
2021-2022 Fall 2020, Winter/Spring 2021, Summer 2021 March 1, 2021

We are able to process after the priority deadline, however please see below and also review the final semester cut-off date guidelines at the bottom of this page.

  • If you are applying any less than 3 weeks prior to the start of term or after being billed, then please make sure you are responding promptly to any needs.
  • We are almost always unable to process a federal loan for a previous term.
  • Until your financial aid is completely processed, you may be subject to late fees.
  • 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 seek a private outside loan.

Award Notification

  • New students please note that all official notifications go only to your Goucher e-mail.
  • 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 2021 for the 2021-2022 year beginning in Fall 2021.)
  • Please allow at least 2 weeks after submitting all required items.
  • Graduate students in education programs may have longer processing times if they will be receiving tuition discounts or employer benefits and are also requesting maximum loans. If the financial aid office is informed of a tuition discount or benefit payment after financial aid has been packaged, 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 studentaid.gov.

Award Types

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 and accepted 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 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 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.

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
Winter/Spring 2021 2020-2021 April 30, 2021
Summer 2021 (Term 1 only) 2020-2021 July 7, 2021 (FAFSA by June 30, 2021)
Summer 2021 2020-2021 August 2, 2021 (FAFSA by June 30, 2021)
Fall 2021 (Term 1 only) 2021-2022 October 1, 2021
Fall 2021 2021-2022 November 11, 2021
Winter (only) 2022 2021-2022 January 8, 2022
Spring 2022 (Term 1 only) 2021-2022 March 11, 2022
Winter/Spring 2022 2021-2022 May 6, 2022
Summer 2022 (Term 1 only) 2021-2022 July 1, 2022 (FAFSA by June 30, 2022)
Summer 2022 2021-2022 August 1, 2022 (FAFSA by June 30, 2022)

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