Federal Student Aid Programs are authorized under Title IV of the Higher Education Act that provide grants, loans and work-study funds from the federal government to eligible students enrolled in college or career school. Title IV programs are the largest source of post-secondary funding from the federal government.
Admitted students should apply for loans by contacting the Graduate School:
Graduate School of Arts and Sciences
Campus Box 1187
One Brookings Drive
St. Louis, MO 63130-4899
Telephone: (314) 935-6821
Preferred application date is July 1st to ensure that the loan is available by the beginning of the fall semester. The student loan application deadline for the academic year is April 15th (the 2nd semester of enrollment).
Two types of loans:
- Perkins Loan
Federal loans made through Washington University. The interest rate is 5%. Limited funds are available to Graduate Students. Students who wish to apply for the Perkins Loan must contact Amy Gassel.
- Stafford Unsubsidized Loan
As a part of the Budget Control Act of 2011, graduate and professional students are no longer
eligible to apply for subsidized loans effective July 1, 2012.
The Unsubsidized Federal Direct Loan enables graduate students to borrow up to $20,500 per
academic year, with an aggregate total not to exceed $138,500 (undergraduate and graduate
combined). Loans disbursed on or after July 1, 2016 will carry a fixed interest rate and an origination fee. Additional information can be found in the Master Promissory Note.
The Federal Government has set the Origination Fee to 1.069% and the Unsub Interest Rate at 5.31% for the 2016 -
2017 academic year.
Eligibility is determined by the Free Application for Federal Student Aid (FAFSA), a student loan Master Promissory Note and the amount of assistance awarded by your academic Department. Applications may be requested at the above address.
A new application is required each academic year.
Students reapplying for the Stafford Unsubsidized Loan must submit to Amy Gassel:
- The FAFSA, which may be accessed and completed via the Internet at www.fafsa.ed.gov.
- A Budget for their upcoming academic year
- The Unsubsidized Federal Direct Student Loan Request Form
Students who wish to reapply for the Perkins Loan must contact Amy Gassel.