Carroll University
Students chatting outside Lowry Hall
Prospective Students
Types of Financial Aid for Graduate Students
 
 

Loans for Graduate Students

Federal Direct Unsubsidized Loan

  • Government guaranteed loans
  • No repayment while the student is enrolled at least half-time
  • Fixed interest rate
  • Must file the FAFSA to be eligible
  • Can potentially borrow up to $20,500 each year (or up to the cost of attendance, whichever is lower)

Click for more information about Federal Direct Unsubsidized loans.

Federal Graduate PLUS Loan

  • Fixed interest rate
  • Repayment begins 60 days after the second disbursement but may request a deferment while they are attending at least half-time
  • Approval based upon credit check

Click for more information about Federal Graduate PLUS loans.

Private/Alternative Loans

  • Educational loan through a bank
  • May require a cosigner
  • Variable and fixed rate options, terms vary by bank
  • Approval based upon credit check

Click for more information about private or alternative loan options.

 
 
 
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