Financial Aid for Graduate Students

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.

Log in to your Carroll portal account to view, accept, decline or modify your Financial Aid Award.

• 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
• Health Careers Opportunity Program (HCOP)
  • All 500 level graduate ambassadors are eligible for a scholarship of $7,500
  • Applies to Doctor of Physical Therapy years 2 and 3, Master of Science in Physician Assistant Studies, Master of Occupational Therapy and Master of Science in Exercise Physiology-Clinical

• 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

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