Registration and Academic Progress While Receiving Financial Aid
Federal Direct Unsubsidized Loan
This is a Federal Loan not based on need that is available to U.S. citizens and permanent residents of the U.S. only. Information regarding current interest rates and loan fees can be found on the HGSE Financial Aid website. Borrowers may defer payment during the in-school period and for six months after ceasing to be enrolled as at least as a half-time student, however interest starts to accrue once the loan has been disbursed. Students must complete the financial aid application process to be considered for this loan. Students may borrow up to a maximum of $20,500 per year.
Federal Direct Graduate PLUS Loan
This is a Federal Loan that is credit-based and is available only to U.S. citizens or eligible non-citizens. Information regarding current interest rates and loan fees can be found on the HGSE Financial Aid website.
Interest starts to accrue once the loan has been disbursed, but payments may be deferred until after graduation. Students may borrow up to the student budget minus financial aid received, but must first maximize Federal Direct Unsubsidized Loan eligibility before www.worldpaydayloans.com/payday-loans-tx/memphis/ borrowing a Federal Direct PLUS Loan. These loans are serviced by lenders contracted by the U.S. Department of Education, which is the lender. Students interested in applying for this loan should contact the HGSE Financial Aid Office or visit the HGSE Financial Aid website.
Private supplemental loans are credit-based and may be borrowed by students who require additional resources. The Financial Aid Office assists students with a number of supplemental loan programs. These loans have varying interest rates and repayment provisions, and students should pay careful attention to specific loan program details. As terms and conditions change frequently during these financially volatile times, please refer to the HGSE Financial Aid website for the most recent information. Students may borrow up to the student budget minus financial aid received through a supplemental loan program.
A limited number of need-based grants and teaching fellowships are available to international students. Grants are based on the relative need of students applying for assistance and do not cover the full cost of attendance. There are no tuition waivers. International students are not eligible for federal student loans or work study and are generally restricted from working in the United States. Therefore, even those receiving grants must have additional personal resources. International students are strongly advised to continue to seek financial support for their studies from governmental and private agencies in their home countries. International students should check the HGSE Financial Aid website for additional information.
Fulbright Cultural Exchange Fellowships, U.S. Student Program*
Fulbright fellowships are intended to provide opportunities for personal development and international experience through study and research in over 100 countries, with the aim of promoting mutual understanding among nations. Award allowances may include round trip transportation; tuition (in some cases); book and research allowances; maintenance for the academic year; and supplemental health and accident insurance. Enrolled students must apply through HGSE. Information is available through the Career Services Office. A required interview with the faculty review committee is scheduled when a candidate’s application is submitted. Please note: the HGSE deadline is earlier than either the Fulbright or Harvard deadline.
Importance of Registration Status for Financial Aid
Students must be registered at least half-time and maintain satisfactory academic progress in order to be eligible for financial aid. Students whose registration lapses or who drop below half-time for any reason (e.g. leave of absence, failure to register, withdrawal, registered for only one course) should be aware that such changes will have an immediate impact on the financial aid package and the terms of repayment of student loans. In some cases, leaves may count toward the grace period that precedes repayment of a loan. In other instances, loan repayment may begin immediately. Students are strongly urged to review the terms of their loans and discuss those terms with the Financial Aid Office before changing from full-time to another status.