Graduate Financial Assistance

Getting Started

  • File your FAFSA
  • Watch your email for your aid package
  • Accept or decline the loans on MU Online

Federal Unsubsidized Direct Loan

  • Up to $20,500 per academic year
  • In 2022-23 the interest rate is 6.54%
  • There is an up front fee of 1.057% withheld before disbursement
  • The student must maintain at least half time enrollment for this loan (6 credit hours)
  • The student must complete the Loan Entrance Counseling.
  • The student must complete the Master Promissory Note.

Federal Graduate PLUS Loan

  • We will offer to the Graduate Student the Grad PLUS Loan, up to the cost of attendance
  • This loan is credit based
  • In 2022-23 the interest rate is 7.54% 
  • There is an up front fee of 4.228% withheld before disbursement
  • The student must maintain at least half time enrollment for this loan (6 credit hours)
  • The student must complete the Grad Plus Loan Application.
  • The student must complete the Master Promissory Note.

Other Loan Options

  • Private/alternate loans are commercial education loans that may be used to help pay for tuition and fees.
  • You can be less than half time (6 credits)
  • Please visit our Elmselect for a list of our historical lenders.

Other Resources

Refunds

  • Refunds may be used for educational expenses such as fees, housing, food, books, and supplies.
  • Refunds are issued approximately 10 days after the start of your first class.

Account Questions

Please feel free to contact us M-F from 9am-4:30pm Monday, Tuesday, Wednesday & Friday (Thursday hours are from 1-4:30pm)

  • Office of Student Financial Services, Shilling Hall 118
  • Call: 217-424-6317