(Graduate Students - Academic Year 2013-2014)
The Free Application for Federal Student Aid (FASFA) is available on line beginning January 1st at www.fafsa.gov. The FAFSA must be filed by all graduate applicants for Federal student aid.
To ensure that the University of San Francisco receives the information you provide on the Free Application for Federal Student Aid (FAFSA), you must enter the USF Title IV code in step six of the FAFSA. The USF School code is: 001325.
The completed FAFSA may be submitted to the processor as early as January 1, 2013 for the 2013/2014 award year. There is no University priority filing deadline for graduate level students, but applicants are encouraged to apply as early as possible for timely processing of a financial aid offer. The Financial Aid office will determine each graduate student's eligibility for Federal Direct Unsubsidized student loans. Generally, the Financial Aid Office does not award grants or scholarships to graduate level students. If University grants and scholarships are available for specific graduate degree programs, the student should receive notification through the program the student has been admitted to. The Financial Aid office will reflect any program awarded grants or scholarships on the student's USFConnect financial aid page.
Graduate students are encouraged to search for private scholarships by clicking on the viewing our Outside Scholarships page, searching reputable scholarship search engines such as FastWeb that are free of charge, contact any professional groups or associations to which you belong and inquire about any educational scholarship opportunities, or conduct your own online scholarship research.
If you are interested in additional loan funds, review the Federal Graduate PLUS loan information and Private Loan Option list in our Loans Section.
Once your FAFSA has been submitted to the processor, you will receive a Student Aid Report (SAR) within three-to-four business days. Students are encouraged to review the “Comments” section of the SAR to identify any outstanding requirements. Students may also receive requests for documentation directly from the USF Financial Aid Office via email. You can also view any unsatisfied requirements that need to be submitted in the Financial Aid section of Student Self Service on USF Connect. Any requested information should be provided without delay to ensure timely delivery of financial aid funds.
Applicants for aid must not neglect the admission application process. Financial Aid offer notifications will only be sent to admitted students.
Budget Control Act of 2011
Effective for loans made on or after July 1, 2012, graduate and professional students are no longer eligible to receive Federal Direct Subsidized Loans. The terms and conditions of Direct Subsidized Loans received by any student for loan periods beginning before July 1, 2012, for either graduate or undergraduate study, are not affected by this change. The annual loan limit for graduate and professional students remains unchanged at $20,500, but this amount will now be limited to Direct Unsubsidized Loans.
In addition, the BCA terminates the authority of the Department of Education to offer any repayment incentives to Direct Loan borrowers to encourage on-time repayment of loans, including any reduction in interest rate or origination fee, effective for loans first disbursed on or after July 1, 2012. As a result, the up-front interest rebate that has been provided to Direct Loan borrowers at the time of their loan disbursement will no longer be offered on any Direct Loan program loan with a first disbursement date that is on or after July 1, 2012.
The law continues to authorize the Department to offer interest rate reductions to Direct Loan borrowers who agree to have payments automatically electronically debited from a bank
account.
International Students
International Students are not eligible for Federal
Financial Aid and are expected to have sufficient funds to pursue their studies
in the United States. The University does not have sufficient funds to offer
financial assistance to newly admitted International Students. Some lenders on
our Private Loan Option List will provide private loans to International
Students with a U.S. citizens as cosigners. For more information on studying in
the U.S. and options for financing your education, please visit http://www.edupass.org/
