The Patrick F. Taylor Graduate Programs challenge students to open their minds and hearts to Jesus Christ. AMU offers competitive Merit Based Scholarships for MA on-campus students and PhD’s. While the financial aid office concentrates on processing federal aid for graduate students, these special scholarships are personally handled by the office of Patrick F. Taylor Graduate Programs. For more information on our graduate curriculum, admissions process and how to apply for these scholarships contact the Patrick F. Taylor Graduate office at 239-280-1629 or visit their website: https://www.avemaria.edu/academics/graduate-programs/
Federal Aid for Graduate Students
A student does not have to demonstrate financial need to receive this loan. You may borrow the cost of attendance minus all financial aid awarded and based on your academic level (see chart). Interest on this loan is not subsidized by the government. You can choose to pay the interest while you are enrolled, or it will accrue and be added to the principal of the loan that you owe. You begin repayment six months after you graduate or stop attending at least half-time.
To apply: Complete the “Free Application for Federal Student Aid” (FAFSA) on studentaid.gov. The application is available to students starting October 1st of each year for the following academic year. Our school code is 039413.
Graduate Plus Loan
Graduate students are eligible to borrow under the PLUS loan program up to their cost of attendance minus other estimated financial assistance. Eligibility will be based upon a satisfactory credit check. Loans are not automatically renewed. Students must reapply annually. The financial aid department receives notification of the application results from the U.S. department of Education. If approved the loan will be added to the financial aid package.
To Apply: Complete the application on studentaid.gov. In addition, student must have completed a FAFSA. Our school code is 039413.
For more information on the federal student loans click here Federal Student Aid.
Requirements of the Federal Loans
The following are two requirements of the Department of Education that must be completed before the first disbursement of these federal loan:
- Master Promissory Note
- The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).
- Entrance Counseling
- Is a tool to help students understand what it means to take out federal student loans.
Private or Alternative Loans
Private Student Loans
- Private or Alternative loans are non-federal educational loans available from a variety of national lending institutions. An alternative or private loan is a loan in the student’s name, however, these loans generally require the signature of a credit worthy co-signer. Minimums and maximums vary from these loan programs depending on the lender you choose.
- To assist you in your search for a lender that is right for you use the FASTChoice tool. FASTChoice helps you request the loan you determine is right for you by providing detailed information for various loans, as well as the terms and benefits offered by different lenders.
- The lender list in FASTChoice is in no way exclusive or exhaustive of all existing lenders. We will honor requests to certify alternative educational loans from any lender, even those that do not appear on the list.