Troy University offers only one type of Federal Financial Aid for graduate students, the Federal Stafford Loan. For many students financial aid can greatly affect their decision about whether or not to attend college, or which institution they attend. Because of its importance, the decision to apply for financial aid should be made only with a complete understanding of the process, requirements, benefits, and responsibilities.

Federal Stafford Loan - Long-term, educational loans are low interest loans, capped at 8.25%. These loans allow you to defer repayment until you graduate, withdraw or drop to less-than-half-time status. Federal Stafford Loans are either subsidized (need based; interest paid by the federal government while enrolled in school) or unsubsidized (non-need-based; interest not deferred while enrolled in school).

ELIGIBILITY:

To receive Financial aid a student must:

 Have financial need.

 Be enrolled or accepted for enrollment as a student working toward a degree in an eligible program.

 Be a U.S citizen or eligible non-citizen.

 Have a valid Social Security Number.

 Make satisfactory academic progress.

 Sign a statement of educational purpose and a certification statement on overpayment and default. (Both found on the FAFSA).

 Register with Selective Service, if required.

Return to Step 3 Web Page - Make Financial Arrangements