GSEP Academic Catalog 2006-2007 Full Download - Graduate ...

TYPES OF FINANCIAL AID PROGRAMS
Financial Information 35
Federal Stafford Student Loans
Those who qualify on the basis of financial need may borrow money for
school through the Federal Subsidized Stafford Loan program. Interest is paid
by the government while the student maintains at least half-time enrollment.
Repayment begins six months after leaving school, dropping below halftime
status, or graduating. The maximum amount a student may borrow in
Subsidized Stafford funds is $8,500 each academic year. Funds are divided
evenly among the number of terms of enrollment and credited to the student
account after the add/drop period each term.
Those who need funds in excess of $8,500, or who do not otherwise qualify
for a Federal Subsidized Stafford Loan, may apply for a Federal Unsubsidized
Stafford Loan. It is not necessary to demonstrate financial need to qualify.
Interest accrues while the student is enrolled in school. If enrolled in an eligible
program at least half-time, borrowers may defer payment of the principal and
pay the interest only or may defer payment and have the interest charges added
to the principal balance (capitalized). Through a combination of subsidized and
unsubsidized loans, students may borrow up to $18,500 each academic year.
Loans must be coordinated with other aid and cannot exceed the total cost
of attendance. The interest rate is variable, not to exceed 8.25%. Repayment
begins six months after the student ceases to be enrolled at least half time.
Private education loans are also available to students who qualify and who
need additional funding for tuition or living expenses.
Graduate School of Education and Psychology Colleagues Grants
The Graduate School of Education and Psychology and the Colleagues, the
school’s alumni support organization, offer annual assistance to doctoral and
master’s students enrolled full time. Qualified doctoral students are generally
awarded funds not to exceed 25% of tuition costs. Master’s-level students
enrolled in 6-11 units may qualify for $1,200 per term; Master’s-level students
enrolled in 12 or more units may qualify for $2,400 per term. All grants are
awarded on the basis of financial need.
Scholarships
Under the auspices of the Graduate School of Education and Psychology,
special funds have been allocated for scholarships for GSEP students. Scholarship
awards are made based on a variety of criteria, including academic merit,
financial need, for specific academic programs, and the promotion of cultural
diversity at the school. Recipients typically receive between $350 to $1,000
each term. The amount of the award depends upon the amount of scholarship
funding available for the year and the number of recipients. Scholarships
generally are awarded at the start of the academic year. Students must be
enrolled in full time status each term in order to be eligible for scholarships
(6 units each term, with the exception of students enrolled in the Teaching
Credential program only, which is 12 units for full time status). Students who
apply for financial aid are considered for the following scholarships: