Financial Aid for Graduate Students

We offer resources to help make your graduate studies more affordable. Our financial aid experts are here to work with you on an individual basis and help you navigate through the process along every step of the way as your award is determined. To be eligible for financial aid, you must be degree seeking, enrolled in three or more graduate credit hours each semester and file the Free Application for Federal Student Aid (FAFSA) each year.

18 areas of graduate study—including 9 graduate programs and 9 certificate programs

We're here for you! Give us a call with questions

Flexible payment plan options help you unlock your potential

$400k amount of additional salary earned over a career with a graduate degree

Apply for Financial Aid in two easy steps:

Step 1: Submit Your FAFSA

Fill out your Free Application for Federal Student Aid (FAFSA) online.

Apply for FSA ID when logging into fafsa.gov.
Follow the instructions and complete all questions.
Utilize the IRS Data Retrieval Tool while completing the FAFSA.
Carroll's FAFSA school code is 003838. By including this number on your FAFSA, your results will be sent directly to us.
Print out a copy of your completed FAFSA for your records.
Submit your FAFSA to the Department of Education.

The federal government usually takes 2–3 days to process the application.

Step 2: What to Look for after You File Your FAFSA

The Financial Aid Office will process your FAFSA and notify you via email and postcard when your financial aid award has been completed.

Types of Financial Aid available to Graduate Students

Federal Direct Unsubsidized Stafford 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)

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

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

TUITION AND VALUE

FOR GRADUATE STUDENTS

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Resources

General Information
- Learn about eligibility for financial aid, disbursement and more
Frequently Asked Questions
- Find answers to common questions about applying for financial aid and receiving awards
Financial Aid Resources
- Policies and procedures, resources, and helpful outside links

Hours, Location and Contact Information

Office Hours: Monday–Friday: 8 a.m.–4:30 p.m. (Hours subject to change during holiday periods, semester breaks, and summer sessions)
Location: Main Level of Voorhees Hall | 100 N. East Ave., Waukesha, WI 53186
Email: finaid@carrollu.edu | Phone: 262.524.7296 | Fax: 262.951.3037

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