Some programs on campus (such as the Physician's Assistant Program; the Physical Therapy Program; and the Doctor of Nurse Anesthesia Practice Program) require additional resources due to greater costs. To assist our students in these programs, the Office of Student Financial Aid is happy to provide this resource page and also answer any questions that these students may have.
Adjustments can be made to a student's standard budget if the student's program requires participation in events (i.e. Clinical Rotations) which result in costs not already allocated in the standard budget. Please note that special academic programs such as PA, PT, and DNAP have additional program expense components already factored into participating students' standard budgets. Common budget adjustments include but are not limited to:
- Cost of transportation to-and-from clinical sites
- Cost of housing for any secondary residence due to clinical participation
- Cost of child care expenses (i.e. daycare providers)
- Cost of program books and supplies which exceeds allocation already allowed in standard budget components
To request a budget adjustment students must provide a completed and signed copy of the Budget Increase Request Form accompanied by supporting documentation. Supporting documentation can include receipts, order confirmations, invoice statements, MapQuest mileage printouts, etc.
Graduate PLUS Loan
Graduate students are initially offered Unsubsidized Stafford Loans up-to their annual cost of attendance. However, for students in these special programs the annual Unsubsidized Loan limit of $20,500 is insufficient to cover all program costs. To compensate for any funding gaps students may apply for a Direct Graduate PLUS Loan, up-to their annual cost of attendance.
- Amount: Loan amount may not exceed the student’s cost of education minus other aid received.
- Interest rates: The current interest rate is fixed at 7.21 percent.
- Repayment: Interest is charged from the first disbursement date, and repayment on both interest and principal begins 60 days after the final loan disbursement for the academic year. You may defer repayment while you are enrolled at least half-time.
- Qualifications: PLUS Loans are granted to graduate and professional degree-seeking students who have good credit history. You must have applied for your annual loan maximum eligibility under the Federal Subsidized and Unsubsidized Stafford Loan Programs before applying for this loan.
- Application: You must complete your FAFSA, a Direct PLUS Loan Application, Direct PLUS Loan Entrance Counseling, and a Master Promissory Note.
Visit the Applying for a Graduate PLUS Loan page for more information.
An alternative option to cover any funding gaps between the annual graduate student Direct Unsubsidized Loan limit of $20,500 and program cost of attendance, many students choose to apply for Alternative, or Private, Loans.
- Amount: Varies. Alternative loans are private loans designed to help student with educational expenses that exceed other available assistance.
- Interest rates: The interest rate varies by loan provider.
- Repayment: Varies by loan.
- Qualifications: Your eligibility is based on credit approval.
- Application: You can apply online for alternative loans. You should only apply for alternative loans after all federal loan program eligibility has been exhausted.