I read somewhere that I could receive up to 18,500 a year in Financial Aid for Graduate school. I work full time and made some good money last year, but only enough to survive really. Is this 18,500 bases on financial need, or is it available to anyone no matter what the income level you earned in a year?
2007-11-05 09:53:00 · 5 answers · asked by Kevin M 1 in Education & Reference ➔ Financial Aid
My brother got his MBA and worked full time at the same time. It is possible to get financial aid, but there are no grants out there once you enter graduate school. However, there are a limited number of scholarships out there. In addition, check with the human resources office of your employment because some companies offer a tuition reimbursement plan. I will include some helpful links below. Good luck!
2007-11-05 11:08:28 · answer #1 · answered by dawncs 7 · 0⤊ 0⤋
You can borrow up to $18,500 per year no matter how much you made the prior year. If you're going to go to grad school full-time you may also qualify for federal work study and Perkins loans (additional subsidized low interest loans that are only available to students with "exceptional" need). Unless you get an assistantship, there is little aid available for grad school other than loans. However, do talk to your advisor, financial aid, and the graduate school. The school that I attended had housing grants ($2000 per year) and the graduate school had small scholarships for those who didn't get assistantships, which paid for 4 semester hours at the in-state rate and were available every semester after my first one. I came out of school owing maybe $10,000 less because of those. Even a little bit of extra aid helps. Oh, and I got a work study job in my field, so I not only got a (tiny) paycheck to supplement my loan money but graduated with the equivalent of a year of work experience.
2007-11-06 10:09:51 · answer #2 · answered by pag2809 5 · 0⤊ 0⤋
Please disregard the first post, as it is incorrect. The 18,500 is the amount ANY US citizen qualifies for as a grad student. It is a federal loan, not a grant. Your income will only be used to determine how much of the 18,500 is sub vs unsub.
2007-11-05 16:34:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋
How much you receive on financial aid is absolutely linked to how much you earn in a year. I do not receive any financial aid because of my income however one of my friends receives about four thousand. So it will depend on that. However, yes it is possible to receive financial aid for graduate school.
2007-11-05 10:02:04 · answer #4 · answered by purpl0828 2 · 0⤊ 1⤋
Study in a field where someone is willing to pay you for it, like the sciences or engineering.
2007-11-05 10:02:49 · answer #5 · answered by Hoosier Daddy 5 · 1⤊ 0⤋