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. 
Flexible payment plan options help you unlock your potential

TUITION AND VALUE

FOR GRADUATE STUDENTS

Apply for Financial Aid in 2 Steps

Step 1: Submit Your FAFSA

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

  • If you don't already have one, apply for your FSA ID when logging into studentaid.gov/fafsa.
  • Follow the instructions and complete all questions.
  • Provide your consent to link your IRS data to your 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 (make sure you get a confirmation email that it was submitted!).

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 when your financial aid offer has been completed.

Log in to your my.carroll.edu portal account, then Self Service > Financial Aid to view, accept, decline or modify your Financial Aid Offer.

Types of Financial Aid available to 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)
  • 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 Loans
    • Educational loan through a bank
    • May require a cosigner
    • Variable and fixed rate options, terms vary by bank
    • Approval based upon credit check
  • State of Wisconsin Nurse Educators Loan Program
    • Higher Education Aid Board (HEAB) manages and services the WI Nurse Educators Program (NEP)
    • Goal is to provide Nurse Educators for Wisconsin
    • Program offers a 100% forgivable loan to eligible, selected applicants
    • Nursing Program Director and Financial Aid Office will assist eligible students with application process

OUTSIDE SCHOLARSHIPS

At Carroll, outside scholarships do not reduce the amount of gift aid you'll receive from the university.

Download a list of outside scholarships

Resources

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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