Graduate and Doctoral Students

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Our office is pleased to offer a financial aid package that will assist students in covering the cost of attendance for the fall and spring semesters of the upcoming academic year. The cost of attendance is an estimate of the expenses a student may incur during a given year; it is not the bill.

How to Apply for Financial Aid
Graduate and doctoral students who are interested in applying for financial aid at Southern Connecticut State University (SCSU) must: 

We award all graduate students on the basis of full-time enrollment (9 credits per semester).  If you plan to register part-time, you must notify our office in writing. The easiest way to let us know about a change is to complete our Change of Award form.  Please note that your financial aid award may be reduced or canceled due to part-time enrollment.

Doctoral students are awarded on the basis of half-time enrollment (4.5 – 8 credits).

Half time enrollment for graduate and doctoral students is a minimum of 4.5 credits per semester. Half-time students may be eligible for certain types of financial aid at a reduced amount. Federal student aid is not available for less than half-time enrollment.

Review your financial aid offer carefully. In the case of loans, keep in mind that the amount you borrow must be repaid with interest. If your living expenses are not as high as the projected cost of attendance, you may not need to borrow as much. You have the right to decline a loan or to accept less than the offered amount. It is in your best interest to incur as little debt as possible, so we encourage students to be prudent when accepting loans.

Be sure to check your OWLS email account frequently—it is the university’s official means of communication.

Your bill must be paid on time. If your financial aid does not show as a memo (credit) to your university account by the bill due date, you must pay your bill out-of-pocket.

TYPES OF FINANCIAL AID

Federal Direct Unsubsidized Stafford Loans:

Graduate students may apply for up to $20,500 annually in the Federal Direct Unsubsidized Stafford Loan. The interest rate is 6.21% and students are responsible for paying interest only while enrolled at least half time. Repayment of principal and interest begins when a student ceases to be enrolled at least half time. The Department of Education charges a 1.072% fee to process the loan, effective December 1, 2013. 

Interest rates are subject to change on July 1.

The aggregate loan limit for graduate students is $138,500 (including loans from undergraduate study).  No more than $65,500 of this aggregate amount may be in the form of subsidized loans.

 If you accept this loan, you must fulfill specific requirements in order for the loan to memo (credit) to your account. You must complete the online entrance counseling session and the Federal Direct Subsidized/Unsubsidized Loan master promissory note (MPN) at www.studentloans.gov, and the Financial Aid Authorization questions in Banner.

Federal Direct Graduate PLUS Loans:

You may apply for a Federal Direct Graduate PLUS Loan after you complete the FAFSA and apply for the maximum annual amount for which you qualify in the Federal Direct Unsubsidized Stafford Loan.  You may borrow up to the cost of attendance minus the amount of any financial aid received.  This loan is based on a favorable credit history.The interest rate is 7.21% and there is an origination fee of 4.288%.

Students begin repayment of this loan 60 days after the money is fully disbursed to the university. Interest rates are subject to change on July 1.

If you accept this loan, you must complete the online credit check, the Federal Direct PLUS Loan for Graduate Students master promissory note and the PLUS Loan entrance counseling session at www.studentloans.gov.   You must also complete the Financial Aid Authorization questions in Banner.

Connecticut State University Grant (CSUG):  

SCSU has limited institutional grant funding for eligible full-time and part-time graduate students. For the 2013-2014 academic year, full-time students may be eligible for up to $2,250 per semester and part-time students may be eligible for up to $750 per semester.

To be considered for this grant, an applicant must meet the following criteria: 

 Cost of Attendance (financial aid budget)

minus Expected Family Contribution (EFC) per FAFSA

              = Need 

To maintain grant eligibility for the following award year, students must maintain theminimum credit hours (9 hours for full-time and 4.5 for part-time) and a minimum GPA of 3.2.

If you accept this grant, you must complete the Financial Aid Authorization questions in Banner.

Remember, we award students on the basis of full time enrollment. Grants may be reduced or canceled for half-time enrollment.

School of Graduate Studies Graduate Assistantships and Fellowships

The School of Graduate Studies offers competitive, merit-based assistantships and fellowships annually to full-time graduate students (subject to availability of funds).  Assistantships require students to work for a faculty member for 20 hours/week while fellowship recipients conduct their own research under the aegis of a faculty member.  Applications for these programs are due in mid-March.  The awards provide a monthly stipend and the waiver of most student fees.  Detailed information about these programs including application instructions and current award amounts can be found on the School of Graduate Studies website www.southernct.edu/grad.

Nurse Faculty Loan Program (NFLP) - Not Available for 2013-2014 Year

The purpose of the NFLP is to increase the number of qualified nursing faculty.  The program offers partial loan forgiveness for borrowers that graduate and serve as full-time nursing faculty for the prescribed period of time.

Students need to complete the Free Application for Federal Student Aid (FAFSA) and meet the following criteria to receive the NFLP loan:

    1.    Must be a U.S. citizen or national of the U.S., or a lawful permanent resident of the U.S. and its territories.
    
    2.    Must be enrolled as a full-time or part-time doctoral program that offers an education component to prepare qualified nurse faculty.

    3.    Must maintain enrollment for a minimum of two consecutive terms/semesters during an academic year.

    4.    Must maintain satisfactory academic progress (SAP).

    5.    Must not be in default on any federal loans.

The NFLP loan can help with the cost of tuition, fees, books and laboratory expenses.  The NFLP loan cannot be used for room, board, personal, transportation and living expenses.

There is a limited amount of NFLP available.  The NFLP is a non-need based loan program.  The loan cannot exceed $35,500 per academic year, and not to exceed 5 years of support. 

The grace period for NFLP loan repayment is 9 months and begins immediately after the individual ceases to pursue a course of study at the school of nursing.  The interest rate of 3 percent begins 3-months after the borrower graduates from the program.  The borrower will be given up to 10 years to repay the loan.

NFLP borrowers who fail to establish employment as a full-time nurse faculty at a school of nursing must begin repayment of the NFLP loan following the 9-month grace period at the prevailing market interest rate.  The current interest rate is 10.5%.

The borrower must serve as full-time nurse faculty for a consecutive four-year period at an accredited school of nursing following graduation from the program to cancel the maximum amount of the loan.

The borrower may cancel:

    ·      20 percent of the principal and the interest on the amount of unpaid loan balance upon completion of each of the first, second, and third year of full-time employment; and
     
    ·      25 percent of the principal and the interest on the amount of the unpaid loan balance upon completion of the fourth year of full-time employment.

Students who are interested in the NFLP loans must complete the following:

    1.      Sign the award letter accepting the NFLP loan,

    2.      Attend an entrance counseling session,

    a.    Complete and sign the NFLP Loan Application,

    b.    Sign the borrower's rights and responsibilities statement, 

       c.    Sign the NFLP Promissory Note,

       d.    Sign the NFLP Loan Disclosure

      e.   Sign the self-certification forms.


Sixth Year Professional Diplomas and Certification Programs

The following sixth year professional diplomas and certification programs are not eligible for federal financial aid.  Therefore, students enrolled in one of the programs listed below cannot receive financial aid:

  1. Women's Studies

  2. Educational Coach

  3. ISIS Institute Science Instruction & Study

  4. Library Information Studies