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Graduate Students

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  • Loans

    Federal Direct Loans

    The Federal Direct Loan is a low-interest, fixed rate loan, and repayment does not begin until six months after graduation. Currently, the maximum unsubsidized loan for full-time enrollment is $20,500 for graduate students. *Unsubsidized loans accrue interest while in school and during grace periods. Saint Vincent College recommends making payments on interest while in school whenever possible. 
    Please go to www.studentloans.gov for further information.

    Federal Direct Graduate PLUS Loans

    If your financial aid does not cover all of your costs, eligible full-time graduate students can apply for a Federal Direct Graduate PLUS. The benefits of a Graduate PLUS are a fixed interest rate and the option to defer payments. A student can borrow up to an amount equal to the cost of attendance at Saint Vincent College, less any other financial aid received. The cost of attendance includes tuition, fees, room, board, books, supplies and miscellaneous living expenses.
    Please go to www.studentloans.gov for further information.

    Alternative Loans

    Additional private loans, generally referred to as “alternative loans,” may also be available to students. Payment can usually be deferred until graduation, but interest accrues from the time the loan is disbursed.

    The list of lenders is available online through www.ELMSelect.com. This summary information is intended only as a guide for comparison purposes. Many other options exist for supplemental borrowing. We encourage all students to utilize the federal loans available which include the Federal Direct Student Loan and the Federal Direct PLUS Loan for parents. You are NOT required to use any of the loans or lenders listed on this guide. Please consider the lender and loan product that best meets your needs. More information and a list of private lenders can also be found at www.finaid.org. A list of Pennsylvania Credit unions who offer private loans can be found at www.pastudentchoice.org along with their requirements. Please refer to the lender for updated information before making your choice. Rates, Terms and Conditions are subject to change without notice. 

    Cost of Attendance

    The cost of attendance for a student is an estimate of educational expenses for the period of enrollment.  The Cost of Attendance Budget includes tuition and fees, an allowance for room and board, books, supplies, transportation, miscellaneous personal expenses, and Direct Loan fees.   Federal regulations allow the financial aid office to exercise professional judgment to increase a student's Cost of Attendance budget on a case-by-case basis for the following reasons:  computer/tablet purchase, childcare expenses incurred during the period of enrollment, out of pocket medical/dental expenses incurred during the period of enrollment, and expenses related to a student's disability.   Documentation of these expenses is required.