The staff in Student Financial Services determine loan eligibility and process loans for students in:

• The Graduate School
• McCormick School of Engineering and Applied Science (Professional Masters programs)
• School of Education and Social Policy (Professional Masters programs)
• School Of Communication (Professional Masters programs) 

Before you consider student loans, we recommend that you review the information provided by the U.S. Department of Education regarding your rights and responsibilites as a borrower. To view their publication, please click here.

Student loans are available to help finance the cost of education. The amount borrowed must be for educational expenses and cannot exceed (including all other sources of aid) the Cost of Attendance (2009-2010) for the loan period. The loan period is the term for which the funds are being borrowed. The student must a) be currently enrolled, b) intend to enroll, or c) have been enrolled during the entire loan period.

The chart below lists the eligibility requirements for each type of loan. 
 

Private lenders also offer a variety of alternative student loan products for those who do not qualify for the loans listed above. Please check directly with the lender regarding the eligibility requirements for their alternative loans.

 Priority Dates and Deadlines (for student loan processing)
                                               
The priority dates are those by which students must have submitted all required materials in order to assure that their loan funds are available at the beginning of each term. Students may continue to apply after these dates, but Student Financial Services cannot guarantee that loan funds will be available on the first day of class. Loan requests and/or applications received after the deadline dates will not be processed.

2009-2010 Priority Dates and Deadlines 

Between June and October, students may expect to hear about their loan eligibility approximately 3 to 4 weeks after all required materials are received. 

During the remainder of the academic year, currently enrolled students may expect a response within 2 to 3 weeks after all required materials are received.

Applying for Student Loans

To apply for student loans, please follow the steps on the loan checklist (2009-2010). Students may view any outstanding loan requirements, review their loan awards (including updates), and accept/decline their loans on CAESAR. Students will need their NetID and password to access their data on CAESAR.

Any paper loan forms should be sent to:

The Graduate School reserves the right to change, without notice, any statement in this document concerning, but not limited to, maximum loan amounts, interest rates, and grace periods. 

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