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Graduate Financial Aid

There are a number of resources available to help finance your graduate education at MCPHS. We recommend that every student consider applying for financial aid regardless of his/her income and assets. Student Financial Services is here to guide you through the process and make it as simple as possible.

MCPHS offers a full complement of financial assistance to graduate students including; scholarships, loans and work-study awards from federal, state and institutional sources. Scholarships are considered gift aid, and do not have to be repaid; loans must be repaid.  Scholarships and loans are applied directly to tuition and bills.  Earnings from work study are distributed through weekly pay and are generally intended to help students with expenses during the academic year.

To be eligible for federal assistance, students must be U.S. Citizens or eligible non-citizens.  International students are not eligible for federal financial aid but may qualify for private loan funding.

Direct Student Loans – Direct Student Loans are a federally funded educational loan for graduate students. The fixed interest rate and fees are defined by the federal government. Get more information about the Direct Student Loan program.

Graduate PLUS Loan - The Graduate PLUS Loan is a federally funded loan that enables students to borrow up to the cost of attendance, less financial aid. Get more information about the fixed interest rate and fees as defined by the federal government.

Private Student Loan - Loans available in this category are offered by various private lenders and are certified by the University each year for the student’s enrollment. There are numerous alternative loans available, from a wide variety of lenders many of which can be found using our private lender comparison tool ELM Select.

If you submitted your FAFSA by the priority filing deadline, March 15th, your award will be released on an on-going basis after we have been notified of your acceptance.

Your offer of Financial Assistance is based on a careful review of the information you provided on the Free Application for Federal Student Aid (FAFSA) and is for one academic year only.