Graduate & Law Students

The first step for an entering graduate or law student is to complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is the most widely used process and ensures consideration for all programs administered by the Office of Student Financial Aid. Students planning to attend Georgia State University must complete the Free Application for Federal Student Aid (FAFSA), accessible at http://www.fafsa.ed.gov/.  You can also learn more about federal student aid programs or view our FAFSA tips for help with the process.

Before you complete the FAFSA, you will need a Personal Identification Number (PIN) from the Department of Education. After you have completed the FAFSA, you will receive an Estimated Family Contribution. After you have completed the FAFSA, you will receive a Student Aid Report (SAR).

Federal Direct Unsubsidized loan, is available to graduate students through the Office of Student Financial Aid (OSFA). This process includes completion of the Free Application for Federal Student Aid (FAFSA). The priority deadline (ensures delivery of financial aid before fee deadline) to apply for financial aid is April 1 for all graduate students.

Georgia State’s Federal School Code for the FAFSA is 001574.

Calculating Your Loan Eligibility

  1. Loan amounts are calculated based on Cost of Attendance (COA) – Expected Family Contributions (EFC) – Resources (Fellowships, GRA/GTA, waivers, etc.).
  2. Graduate students can also apply in PAWS for a Graduate PLUS loan if the COA allows after all other loans, waivers and scholarships have been deducted. Please note that the Graduate PLUS Program is subject to a credit check.
  3. It is the student’s responsibility to keep OSFA informed of other funds/assistantships awarded. If you inform us that you will not be receiving an assistantship and we calculate your eligibility for loans and you subsequently receive an assistantship and corresponding tuition waiver, then you will be held financially responsible for the resulting over award of federal student aid/benefit.
  4. The minimum enrollment hours to receive a loan:  Graduate= 4.5 hrs.

Loans

NEW! Due to a change in federal regulations, graduate students will no longer be eligible for subsidized loans. Effective July 1, 2012, graduate students will only be considered for the unsubsidized loan.

Subsidized Loans

Subsidized loans are based on financial need as determined by the Expected Family Contribution on the FAFSA. The federal government pays the interest during in-school, grace, and deferment periods.

Unsubsidized Loans

Unsubsidized loans are not based on financial need; therefore the federal government does not pay the interest during in-school, grace, and deferment periods. Students may choose to defer interest payments until repayment begins; however, the student is responsible for all interest that has accrued, which will automatically capitalize to the loan principal.

How to apply:

First-time Borrowers

  1. Complete Free Application for Federal Student Aid (FAFSA) 
  2. Accept the loan online at PAWS
  3. Complete Federal Direct Student Loans Entrance Counseling
  4. Sign Master Promissory Note (MPN) 

Repeat Borrowers

  1. Complete Free Application for Federal Student Aid (FAFSA) 
  2. Accept the loan online at PAWS

Grad Plus Loan

A Federal Graduate PLUS is a loan in a graduate or professional student’s name enrolled at least half time in a degree seeking program. The Graduate PLUS Loan carries the same terms and conditions as the Parent PLUS Loan. The borrower should apply for the Subsidized and Unsubsidized Stafford Loan before applying for a Graduate PLUS loan. A credit check is required.

First-time Borrowers

  1. Complete Free Application for Federal Student Aid (FAFSA) 
  2. Complete Grad Plus Loan Pre application online at PAWS
  3. Complete Grad Plus Loan Application at www.studentloans.gov
  4. Complete Federal Direct Student Loans Entrance Counseling
  5. Sign Master Promissory Note (MPN)

Repeat Borrowers

  1. Complete Free Application for Federal Student Aid (FAFSA) 
  2. Complete Grad Plus Pre Loan application online at PAWS 
  3. Complete Grad Plus Loan Application at www.studentloans.gov

For additional detailed information please visit the Federal Student Aid website.

Private Loans

Students who need additional funds beyond what they qualify for in federal student aid (including Federal Direct Loans) or students who are not eligible for Federal Direct Loans may wish to apply for a private (alternative) education loan. Note: A Free Application for Federal Student Aid (FAFSA) is not required to apply for a private (alternative) education loan.

A private (alternative) education loan is a non-federal education loan, through a private lender typically issued in the student’s name and requiring a cosigner. The availability of these loans is declining and most lenders who still provide these loans are increasing their interest rates.

Each lender has different eligibility requirements, interest rates, repayment terms and conditions. For example, some lenders require students to be enrolled at least half-time in a degree-granting program, while others will lend to students who are non-degree seeking or are enrolled less than half-time.

Students who find they must apply for a private education loan may contact their bank, credit union or other private lending institution to ascertain if they provide private (alternative) education loans. Students may also do an internet search for “private student loans”. We strongly recommend you compare interest rates, loan fees and repayment plans before applying for any loan.

Alternative Loan Lenders

This is a list of lenders used by Georgia State University students in the past.

Exit Loan Counseling

Federal Direct Loan borrowers who are leaving school, dropping below half-time enrollment, or graduating must complete exit counseling at http://studentloans.gov/Exit counseling provides you with important information about repayment and your rights and responsibilities.