Financial aidAn application for financial aid will generally come either as a part of your application packet or in a separate mailing from a campus financial aid office. Obtaining financial aid for graduate studies is not dependent on whether you received it as an undergraduate. Make sure that you read all financial aid materials carefully and always file documents on time! When aid money is limited, institutions tend to use deadlines as a way of limiting the pool of applicants. There are three basic ways to finance a graduate education: fellowships, assistantships, and loans. FellowshipsFellowships are grants that are generally awarded on the basis of academic merit. They are similar to college scholarships and they are granted by the graduate school, private foundations, government, business institutions, etc. Fellowships generally provide payment of tuition and a stipend for living expenses.AssistantshipsTeaching assistantships are paid work opportunities that may involve leading a discussion group, supervising a laboratory, grading papers, and occasionally lecturing. The typical appointment involves approximately 20 hours a week. These assistantships also provide excellent experience for graduate students preparing for a career in college or university teaching.Research assistantships are probably the most important source of money for science/engineering graduate students. This support is usually available as you enter your thesis work and is funded by a professor's grant. LoansFederal loans are an important source of support for graduate students. The federal loan program is need based. Federal regulations make almost all graduate students independent of parental support unless they are claimed as dependents on their parents' federal income tax return.For further information, visit GradLoans.com. Additional resourcesScholarships & Aid from PrincetonReview.com Scholarship Search sponsored by the U.S. Department of Labor AccessGroup.com is a nonprofit grad school loan specialist Financial Aid from Gradview.com Financial Aid and Loans from GradSchool.com Financial Aid for Law School from the Law School Admission Council Financing Your Medical Education from the American Association of Medical Colleges Funding Your MBA from the Graduate Management Admission Council The Good Library has sources of information on financial aid.Check out these call numbers in the Reference Room: Ref LB 2337.2 and Ref LB 2338.
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