Graduate Students
The Federal Student Loan Programs are available to graduate students who are enrolled in a program leading to a degree*, enrolled as a half-time student (at least 5 semester hours), and complete the Free Application for Federal Student Aid (FAFSA). The Department of Education will compute an Expected Family Contribution (EFC) which the Financial Aid Office will use to determine Federal Stafford Loan eligibility.
*students enrolled in the LPCC program only do not qualify for federal assistance
Financial Aid Programs Available
A Subsidized Stafford Loan is a low-interest, need-based loan made through a bank for graduate study. The Federal government pays the interest while you are in school and for six months after. The loan maximum is $8,500 per year. The interest rate is fixed at 6.8%.
An Unsubsidized Stafford Loan is a market rate non-need based loan made by a bank. This loan cannot exceed $12,000 per year. You are responsible for paying the interest that accrues from the time you borrow through repayment. The interest can be paid as you go or capitalized and paid later. The interest rate is fixed at 6.8%.
NOTE: We recommend students who have previously borrowed through the Federal Stafford Loan Program to stay with the same lender. New borrowers are encouraged to choose from our preferred lender list.
Other Sources
A limited amount of Federal Perkins Loan and College Work-Study are available to graduate students. Those students interested should contact the Financial Aid Office.
For further information, or to request a FAFSA, contact the Financial Aid Office at 1-800-925-9250, or 1-419-448-2293. Our office is located on the first floor of College Hall. Our mailing address is 310 E. Market St., Tiffin, OH 44883.
