Financial Aid for Graduate Students
Below you will find information about Financial Aid for Graduate students at Salisbury University. The two following steps are the ones you should begin with to apply for Financial Aid at Salisbury:
Apply for admission to a Graduate program at Salisbury University
Submit the Free Application for Federal Student Aid (FAFSA) after January 1st for
the upcoming year, and include our school code (002091) in the list of schools to send the FAFSA results to. Be sure to submit
the FAFSA before March 1st to meet the Salisbury University and the State of Maryland priority funding deadline in order to
increase your chances of receiving non-loan aid.
SU Financial Aid reference:
Federal Financial Aid Programs
TEACH Grant Program --
Through the College Cost Reduction and Access Act of 2007, Congress created
the Teacher Education Assistance for College and Higher Education (TEACH) Grant
Program that provides grants to students who intend to teach full-time,
highly qualified teacher, in a
high-need subject, in a school that
serves low-income students. Click
here to learn more about this program.
William D. Ford Federal Direct Loan Programs --
Salisbury University participates in the William D. Ford Federal Direct
Student Loan Programs (Direct Loans). Available for graduate
students enrolled at least halftime (5 credit hours a semester).
Effective July 1, 2012: The Budget Control Act of 2011
signed into law by President Obama eliminates the in-school loan
interest subsidy for graduate students.
- Effective for the academic year of
2012-2013, all graduate students will lose the interest
subsidy on the Direct Stafford Loan.
- This loan will become the same as the
current unsubsidized loan.
- Students will be responsible for the
in-school interest accrual.
1. Will this new law
affect the loans that I have borrowed previously?
No, the elimination of the interest subsidy will begin for
new loans in the 2012-2013 academic year.
2. Will the new law
affect my loan repayment in the future?
No, subsidized loans previously borrowed will still be eligible
for the same repayment.
The Direct Loan Programs enable Graduate students enrolled in at
least five credit hours to borrow money directly from the Federal
government rather than private lending institutions (i.e. banks,
credit unions). Loans can easily and quickly be obtained by
submitting the Free Application for Federal Student Aid (FAFSA)
and completing an Electronic Promissory Note on-line. As a Graduate student, you are able to borrow
up to $20,500 per annum in the unsubsidized loan program. Loans may be prorated
for enrollment less than full-time (9 credits). Graduate students who are taking some undergraduate
coursework are only eligible for graduate loan limits if at least 50% of their course load is in graduate
level courses in a given semester. Loan repayment begins six
months after recipients leave the institution or drops below
Grad PLUS Loan Program --
Graduate students also may borrow through the Grad PLUS loan program. Graduate students may borrow up to the
cost of attendance at the institution minus other estimated financial assistance
for the student. The interest rate for the Grad PLUS loan for the 2013-2014 academic year is 6.41 percent.
Students may choose to defer Grad PLUS loan payments until 6 months after the date the
student ceases to be enrolled at least half-time. Accruing interest can either
be paid by the borrower monthly or quarterly, or be capitalized
Information on the William D. Ford Federal Direct Student Loan Programs is
available in the Financial Aid Office.
Direct Loan Servicing System Web Site
Additional Financial Aid Resources
Graduate Assistantships --
Salisbury University offers a number of Graduate Assistantships on a competitive basis.
Graduate Assistants are eligible to receive a salary and tuition waiver of up to 18 credits per academic year.
To be eligible for the tuition waiver students must enroll for a minimum of six credits in both the fall and
spring terms. Tuition is waived only for courses applicable toward Master’s degree requirements. The waiver of tuition does not
include waiver of fees. Below is a link for additional information on Graduate Assistantships.
Veteran Benefits --
Information regarding Veteran Benefits for Graduate Students can be found by visiting the
Salisbury University Veterans Affairs Office as well as
The United States Department of Veterans Affairs.
Graduate students at Salisbury University are awarded a variety of scholarships from Federal, State, and institutional resources
to help defray the student’s cost of education. Scholarships are awarded based on merit, financial need, or sometimes a combination
of merit and need. Carefully review the deadlines and requirements when you apply for a scholarship. Additional information
regarding Financial Aid and scholarship searches for graduate degrees can be found at the websites listed below.
Graduate Cost of Attendance (fall/spring)
There are three types of costs involved in the financial aid process. They are called direct costs, indirect
costs and the cost of attendance.
Direct costs are those funds which are charged directly to your student account and payable to the university.
For Graduate students, this always includes tuition and fees.
Indirect costs vary per student and are not included in your bill. For Graduate students these include room and
board, books/supplies, transportation, and personal expenses.
The cost of attendance (student budget) is the combination of direct and indirect costs.
The figures below are ESTIMATED 2013-2014 costs per year for fulltime (9 credits) Graduate students.
|Books and Supplies
|Total Cost of
(Indirect + Direct Costs)
Financial aid for graduate students is
packaged under the assumption that a student is attending
full-time (nine credits per semester). A student who is
attending less than nine credits per semester will have a lower
cost of attendance and will be eligible for less financial aid
than a full-time student. Conversely, a student who is
attending more than nine credits per semester will have a higher
cost of attendance and may be eligible for additional financial
aid. An audit of enrollment and financial aid will be
performed each semester at the end of the drop/add period to
insure the amount of aid received coincides with the number of
credits enrolled in for the semester. If you already know
your attendance will be different than nine credits per
semester, please complete the change of enrollment form and
return it to the financial aid office. We will adjust your
aid offer to your intended enrollment status.
Financial Aid Satisfactory Progress Policy for Graduate Students
Federal regulations require that institutions of higher education establish
minimum standards of "Satisfactory Academic Progress" for potential and current
financial aid recipients. Financial Aid Applicants must comply with the
Satisfactory Academic Progress (SAP) Policy as a condition of initial or
continued eligibility. Please note that your prior academic progress will be
measured to determine your eligibility. Our office will review SAP at the end of
each payment period. (fall, spring and summer)
Financial aid programs which are affected by the SAP Policy include the
Federal Direct Stafford Loan and State grants/scholarships.
Satisfactory Academic Progress for graduates is measured in three areas:
maintaining a satisfactory cumulative grade point average,
successfully completing a required percentage of attempted credits,
and receiving a degree within a maximum timeframe.
Minimum Cumulative Grade Point Average Requirement
Graduate students must maintain the required cumulative grade point average
of at least a 3.0.
Minimum Credit Requirement
All graduate students must have successfully completed at least
67% of all credits attempted.
How do I calculate my percentage completed?
An attempted credit includes graded courses (A, B, B+, C, C+, D, F,) and non
graded courses (I, AU, W, WF, WP, NR, IP, RA, RB, RB+, RC, RC+, RD, RF,
Departmental Challenge Exams, all Study Abroad and Transfer Credits accepted to
To calculate the percentage of credits you have completed, total all
attempted credits and total all completed credits. (See Repeat Course
section in the University Catalog for further information regarding
repeating of courses). Then, divide the number of completed credits by the
number of attempted credits.
Total Completed Credits / Total Attempted Credits = Percentage Completed
Students placed on warning after the first occurrence for one or both of
the above requirements (Minimum Cumulative Grade Point Average/Minimum Credit
Requirement) must meet all SAP requirements after the next consecutive payment period
in which they are enrolled or financial aid eligibility will be terminated.
Maximum Time Frame Requirement
The federal government requires a graduate student to obtain his/her degree
within a given time frame to remain eligible to receive financial aid. A student
is allowed to have attempted up to 150% of the required credits for a graduate
degree and still receive financial aid. The published length for a student to
obtain his/her degree varies according to the degree sought. Refer to the SU
Catalogue to determine the published length required for the degree you are
What Counts as Attempted Credits?
An attempted credit includes graded courses (A, B, B+, C, C+, D, F,), non
graded courses (I, AU, W, WF, WP, NR, IP, RA, RB, RB+, RC, RC+, RD, RF,
Departmental Challenge Exams, Study Abroad attempted credits and all transfer credits accepted by SU.)
Ex. John has 3 transfer credits accepted by SU and had registered for 9
credits at SU for the fall 2010 semester but only obtained 6 credits at the
conclusion of the fall 2010 semester. His attempted credits are 12.
A financial aid eligibility termination letter will be sent to those students
of have attempted more than 150% of the required credits necessary to obtain a
If a student is placed on warning, he or she does not need to appeal,
because financial aid eligibility has not been revoked. A student who has had
his/her financial aid eligibility terminated has the right to make a written
appeal if extenuating circumstances exist and can be documented.
Academic dismissal or disciplinary suspension from SU will result in the
automatic cancellation of financial aid eligibility.
Only matriculating (formally admitted) students can receive financial aid.
Federal regulations prohibit us from excluding the credits
and grades removed in Academic Clemency.
Students ceasing attendance at SU, either officially by withdrawing through
the Registrar's Office or unofficially by dropping out, will have their
financial aid adjusted in accordance with the Federal Return of Title IV Funds