Graduate student financial assistance includes Direct Unsubsidized Student Loans, Direct Graduate PLUS Loans, student employment under the Federal Work Study program, and assistantships (see Graduate Studies). Generally speaking federal and state grants are limited to students seeking a first bachelor's degree. For current costs, see USI tuition and fees.
The process of applying for financial assistance is the same for graduates as it is for undergraduates. The Free Application for Federal Student Aid (FAFSA) is the first step in applying for loans, work study and even some scholarships. File the FAFSA online at www.fafsa.gov by March 10 to maximize eligibility.
The next step is to complete all unsatisfied requirements by May 1 each year for timely processing. Check your myUSI to see what requirements are still needed.
Next, accept/decline or reduce the Direct (Student) loan on myUSI on or after July 1 each year. Academic year loans apply to August - May and require two disbursements, one in fall and one in spring. Summer Direct Loans require a separate request form available late spring semester.
Finally, research graduate scholarships and/or assistantships. Visit Graduate Studies at http://www.usi.edu/graduatestudies for information regarding university graduate scholarships and assistantships. Also, visit http://www.usi.edu/finaid/resources/graduate.asp for a list of outside graduate scholarships you may apply for.
Full-time enrollment for graduate students is 8 credit hours or more of graduate level coursework. Half-time enrollment is 4-7 credit hours of graduate level coursework. For specific enrollment requirements visit www.usi.edu/finaid/enroll.asp.
Students who do not receive financial aid or have not completed all of the necessary requirements to receive financial aid must pay their fees by the bill due date. Failure to do so may result in a hold being placed on registration for future terms.
For disbursement procedures visit www.usi.edu/finaid/disburse.asp.
Students who receive federal or state student financial aid are required to make satisfactory progress toward completion of their degree program. Progress is measured by the number of credits successfully completed each semester and by the student's cumulative grade point average. For a copy of the Satisfactory Academic Progress Policy visit www.usi.edu/finaid/policies.asp.
Students who withdraw from or cease attendance at the University prior to the tenth week in fall or spring may be required to repay a portion of any financial aid which exceeded actual fees and books. Summer session refunds are calculated on the length of individual class schedules. Visit www.usi.edu/finaid/policies.asp for a copy of the Return of Title IV Federal Funds Institutional Policy .
Note: Only credits that are required for successful completion of the student's degree program may be counted in the determination of enrollment status. Students who receive aid for courses not required for graduation will be required to repay all or a portion of such aid.