Financial Aid: Graduate Students
APPLYING FOR AID
The most important thing is that you file your FAFSA. Briar Cliff's school code is 001846. To be eligible for financial aid listed on this page, you must file your FAFSA and be enrolled in a graduate studies program at BCU.
Federal Direct Loans*
A Federal Direct Loan is a long-term, fixed rate loan made to students by the U.S. Department of Education. Typically, every student who files a Free Application for Federal Student Aid (FAFSA) is eligible to borrow a Federal Direct Loan. A student must be enrolled at least half-time (six credits) to be eligible to receive a Federal Direct Loan. The student has the option to make interest payments during the in-school period, or to allow the accrued interest to be capitalized (added on) to the principal balance. Interest rate is 6.21%.
Maximum amount for 2015-16 school year: $20,500
Federal Direct PLUS Loan for Graduate and Professional Students*
A Federal Direct PLUS Loan for Graduate and Professional Students is an excellent option for a student who needs to borrow beyond the Federal Direct Loan limits. A credit check is required and performed by the U.S. Department of Education. The interest rate is fixed at 7.21%. Eligibility is limited to the cost of attendance (as determined by Briar Cliff) minus any other financial aid the student is receiving. To apply for a Federal Direct PLUS Loan for Graduate and Professional Students, please contact the Financial Aid Office.
*To obtain federal loans, students must accept the loan(s) on their financial aid award letter. All first-time borrowers are required to complete a Master Promissory Note (MPN) and an entrance counseling session in order to borrow funds through the Direct Loan Program.
This past year, BCU received more than $425,000 in private scholarships awarded by local foundations, community agencies, clubs, social and fraternal organizations, employers and others. New scholarship opportunities are posted every day on the Bishop Mueller Library scholarships page, so check back often!
If you receive a scholarship check from an outside agency, you must submit a notification of outside aid (PDF) to the Office of Student Financial Aid so the funds can be credited to your account.
Private loans should never be your primary funding source unless you have exhausted all of your other options. More info on private loans →