Welcome to the Office of Financial Aid for Â鶹ֱ²¥'s graduate and professional programs. We are your resource for guidance when applying for financial assistance. Although funding your education can be a daunting experience, it is the focus of the Office of Financial Aid to provide you with reliable information that will help you make informed decisions that are best for you and your education. We operate on an open-door policy. If you have questions regarding loans, scholarships, debt management, or budgeting, our office is here to assist you.
Because tuition, fees, and financial aid vary by graduate program, please contact Julia Ford, Assistant Director of Financial Aid for Graduate and Professional Programs at (317) 955-6400. Financial assistance through federally-supported loans is available to students enrolled in five or more graduate credit hours per semester. For more information, use the resources below.
Completing a Free Application for Federal Student Aid (FAFSA) is the first step in determining eligibility for federal student aid. You can complete your FAFSA online at utilizing the Â鶹ֱ²¥ school code 001821.
The Office of Financial Aid will receive the results from your FAFSA once the application has been processed.
New students accepted into a Â鶹ֱ²¥ graduate program who have completed their FAFSA and paid their seat deposit will receive a financial aid award letter. Once an award determination has been made, you will receive an e-mail from the Office of Financial Aid with instructions on how to access your financial aid award letter through MUHUB. The financial aid award letter will indicate the amount of your Federal Direct Unsubsidized Stafford loan. All Stafford loans will be awarded at full loan eligibility. It is the responsibility of the student to notify the Office of Financial Aid of any outside resource (i.e. parental support, outside scholarship).
Once you access your financial aid award letter in MUHUB, the next step is to accept, reduce, or decline your awards.
To apply for additional financial aid assistance to supplement your Federal Direct Unsubsidized Stafford loan, you may apply for the Federal Direct Graduate PLUS loan. You can complete the Graduate PLUS application online at . The Office of Financial Aid will receive notification of all completed Graduate PLUS applications.
All students new to borrowing Federal Direct Loans at Â鶹ֱ²¥ are required to complete Entrance Counseling and a Master Promissory Note (MPN) before Â鶹ֱ²¥ can receive the first disbursement of any Federal Direct Loan. You can complete the Entrance Counseling and MPN online at . A MPN must be on file for each borrowed loan type.
Students enrolled in a Â鶹ֱ²¥ graduate program are eligible for two types of federal direct loans.
Direct Unsubsidized Stafford loans are available to undergraduate and graduate students, and are not based on financial need. You are responsible for paying the interest during all periods. If you choose not to pay the interest while in school, during grace, deferment, or forbearance periods, the interest will accrue (accumulate) and be capitalized (added to the principal amount of your loan). Repayment begins six months after enrollment falls below half-time, or your last date of attendance.
Direct Graduate PLUS loans are available to graduate/professional students, and are not based on financial need. You must not have an adverse credit history. If you are determined to have an adverse credit history, you may still receive a Direct PLUS loan if you obtain an endorser who does not have an adverse credit history. You may borrow up to the cost of attendance minus any other financial aid received. You are responsible for paying the interest during all periods. If you choose not to pay the interest while in school, during deferment, or forbearance periods, the interest will accrue and be capitalized. Repayment begins six months after enrollment falls below half time, or your last date of attendance.
Annual PLUS Limits: Student may borrow the difference between the total student's cost of attendance minus any financial aid the student will receive.
Private loans are often used to help students pay for educational expenses up to their cost of attendance. Private loans are offered by private lenders, and there are no federal forms to complete. Eligibility for private student loans often depends on your credit score. Some students turn to private education loans when federal loans don't provide enough funding. The Office of Financial Aid recommends that students use as much of their federal loan eligibility before pursuing private loans.
| Description | Summer | Fall | Spring |
|---|---|---|---|
| Tuition Estimate* | $3,420 | $3,420 | $3,420 |
| Housing | $7,700 | $7,700 | $7,700 |
| Personal/Misc | $2,165 | $2,165 | $2,165 |
| Transportation | $1,085 | $1,084 | $1,084 |
| Books/Supplies | $500 | $500 | $500 |
| Total COA | $14,870 | $14,869 | $14,869 |
*Tution per semester calculated based on $570 per credit hour rate at 6 credit hours. Tuition will vary based on program and enrolled hours.
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Â鶹ֱ²¥ does not discriminate on the basis of race, ethnicity, color, sex, gender, gender identity, sexual orientation, religion, creed, national origin, age or disabilities in the selection of administrative personnel, faculty and staff, and students.
*Placement rates are gathered from data collected from graduates within six months of graduation.
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