U.S. citizens and eligible noncitizens admitted to and enrolled at least half-time (3 semester credits) in a CU master program are eligible for Federal Stafford Loans that can pay for the entire tuition amount, plus provide additional funds to assist with living expenses and other educationally related costs.
To apply for student loans, you must be admitted to CU's graduate program and complete the Free Application for Federal Student Aid (FAFSA).
Unsubsidized Stafford Loans are awarded to assist with educational expenses, but are not limited to demonstrated financial need. The interest is not paid by the federal government and is the responsibility of the student. There is an origination fee of 1.068% taken from the loan prior to disbursement, on or after October 1, 2015. The current interest rate is 5.84%.
Payment is deferred on the unsubsidized Stafford Loan while the student is enrolled at least half-time. Other provisions include annual loan limit, aggregate loan limit, interest rate and fees, disbursements, and repayment.
Graduate PLUS Loan:
Credit-based loan that graduate students can apply for. The maximum eligibility is the cost of attendance less other financial aid. Origination fee for this is 4.272% and is taken from the loan prior to disbursement, this rate applies to loans disbursed October 1, 2015 through September 30, 2016. Interest rate is 6.84%.
Graduate Annual Limits
Stafford Loan: $20,500
Graduate PLUS Loan: Cost of attendance less other financial aid