Type
|
Program
|
Amount/Benefits
|
Comments/Criteria
|
|
Federal Direct Unsubsidized Stafford Loan
|
All
|
Up to:
$33,000 PsyD
$20,500 PhD, MA
|
- Must submit FAFSA
- Fixed 6.8% interest rate
- Origination fee of 1% upon disbursement
- Interest accrues upon disbursement
- No payments while enrolled at least half-time and six-month grace period following graduation.
|
| Federal Perkins Loans |
|
$2,000 |
- Must submit FAFSA, priority given to those who submit it by April 15
- Graduate students with exceptional financial need
|
|
Federal Direct PLUS Loan
|
All
|
Up to cost of educational expenses less other aid accepted
|
- Must submit FAFSA
- Fixed 7.9% interest rate
- Origination fee of 4% upon disbursement
- Application directly through www.studentloans.gov
|
|
Federal Work-Study
|
MA
|
Amount to be determined based on funding
|
- Wages paid by Federal government
- Must submit FAFSA
- Funding is limited and awarded on a first-come, first-served basis.
|