Wednesday, July 8th, 2009

Can I apply for FAFSA for a PHD? What are the available options to help pay for a PHD?


I was accepted to an Online PHD program. It is quite expensive, and i was wondering what route to take to help sponser it? I really prefer not to have to take student loans.

Yes but you should check if the college accepts FAFSA.

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4 Responses to “Can I apply for FAFSA for a PHD? What are the available options to help pay for a PHD?”

PKnuckle Says:

Yes but you should check if the college accepts FAFSA.
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Michael T. Says:

So… I highly doubt FAFSA would help you out but its worth a shot. You probably will have to take out a loan though.
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Kevin Says:

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The lower the APR, then the cheaper the loan interest will be. Credit scoring is a method that lenders use to determine your eligibility for a loan. They ask a series of questions about your earnings and financial situation. Each answer you give is scored, and the better your score then the more likely you are to be accepted for a loan.
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Krista Says:

I am a little confused by your question since you reference the FAFSA but then say you don’t want student loans…to my knowledge there are no FEDERAL grants for graduate work. You will have to look for scholarships or private grants if you want the free money.

The FAFSA (Free Application for Federal Student Aid) is merely a form that you fill out and submit to the government before they will allow you to take out any federal loans or grants. The federal loan program can be used for both PhD study just as it is for undergrad study. The only difference is in the amounts you are allowed to take out.

You can take out a maximum of $20,500 each year of study (assuming the college you are attending is accredited, which i’m sure it must be). There is an aggregate maximum of $138,500, which includes any loans you took at in undergrad.

Good luck!
References :
Here’s all the loan info for you:
http://www.ed.gov/offices/OSFAP/DirectLoan/index.html

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