Questions About Financial Aid for Graduate Studies
Below are some frequently asked questions from graduate students. Visit our financial aid for graduate studies page for more information.
No. Although there are some forms of federal and state gift assistance that are available only to undergraduate students, most forms of financial aid are awarded based on financial need or merit (not age).
Undergraduate financial aid is typically based on the family’s (including parents) financial circumstances, while most graduate aid is based on the student (and spouse/family) only. You may be eligible for financial aid as a graduate student, even if you weren’t as an undergrad.
No, you don’t need to include your parent’s tax information on the FAFSA when filing as a graduate/professional student. Answer “yes” to the FAFSA item that asks if you are pursuing a Master’s or Doctorate degree. By answering “yes,” you indicate you are an independent student for financial aid eligibility purposes. Tax rules are different, and this independent status relates directly only to your financial aid. Note: If you are a health profession student, your school may require you to provide your parent’s information even if you are a graduate student. Contact your school for specific information.
Financial aid for graduate and professional students may consist of a number of different options, including gift aid (in the form of scholarships and grants, fellowships, assistantships, and work-study) and student loans. Visit our financial aid for graduate studies page for more information.
The number of hours considered for half- and full-time status varies depending on your program of study and/or school. Please speak with a financial aid representative at your school.
If you have outstanding loans from your previous education, review the options available to you while pursuing a graduate degree.
Many federal financial aid programs require full-time attendance; however, some only require half-time attendance. Visit our financial aid for graduate studies page for more information, and talk to a financial aid professional at your school.