Financial Assistance
Financial Assistance
Graduate students are eligible to borrow money from the Federal Stafford loan program to assist with their educational expenses. Currently, students who qualify may borrow up to $8,500 per academic year through the subsidized program and $10,000 through the unsubsidized program. Subsidized loans have the interest deferred until six months after the student ceases to be enrolled at least half time. Students are responsible for paying the interest on unsubsidized loans as it becomes due. In some cases, the interest may be deferred until after graduation. The interest rate for the year beginning July 1, 2003 and ending June 30, 2004 will be 2.82%. The interest caps at 7.75% (if College Foundation of North Carolina is the lender). Other lenders have an interest cap of 8.25%.
In order to be considered for either program, students must complete a Free Application for Federal Student Aid (FAFSA). Applications for financial assistance and for the loan programs are available at the Office of Financial Assistance in Johnson Hall. You may also apply online at www.fafsa.ed.gov.
For scholarship information see individual programs:
