Financial Aid for New Graduate Students

When you file your Free Application for Federal Student Aid, or FAFSA, at, you will automatically be considered for the Federal Direct Unsubsidized Student Loan.



Scholarship Search Sites

Students can also search for additional off-campus scholarship using many of the free online scholarship search engines. These sites specialize in assembling and maintaining large databases of scholarships opportunities offered by various companies, organizations, service groups, etc. Students can typically focus their search using criteria such as age, major, talent, gender, ethnicity, academic merit, financial need, etc.

Remember, legitimate organizations will never charge you a fee to search or apply for a scholarship.

Click here to see a list of free online scholarship search sites.


Loans require repayment.

Federal Direct Unsubsidized Student Loan

All eligible students can borrow through the Federal Direct Unsubsidized Student Loan Program, designed specifically for college students. This low-interest loan program allows you to defer payments while you are enrolled in a degree/certificate program for at least six credit hours, with repayment beginning six months after you graduate or drop below half-time enrollment status. Students must remain in good academic standing with a minimum GPA of 3.0, and successfully complete 75% of their courses each academic year.

Note: If you accept one of these loans, you must complete a Federal Direct Loan Promissory Note and complete a debt management session in addition to filing a FAFSA.

Federal Perkins Loan

The Federal Perkins Loan Program provides government subsidized, low 5% fixed interest rate loans to help needy students pay for educational expenses.  The institution ensures that Federal Perkins funds are awarded (up to $5,500.00) to eligible students (to the extent of available funds) who demonstrate exceptional financial need.  The school is the lender and therefore the loan is repaid to the school and funding in this program is a self-replenishing revolving fund program.  As a result of limiting funding in this program, awarding of new funds (based on federal guidelines) is prioritized for first-come, first-served needy freshmen in the Undergraduate College and eligible continuing Perkins borrowers for up to four years, provided they meet satisfactory academic progress requirements.

Private Education Loans

St. Edward's, in conjunction with Elm Resources, maintains information on a number of alternative loan programs offered through private banks and lending groups:

Because these are non-federal loans, each lender sets its own eligibility criteria, interest rates, processing fees, and repayment terms.  Generally, students must meet fairly high credit standards to qualify on their own, so many students will need a credit-worthy cosigner in order to qualify.  If approved, students can typically borrow up to their full cost of attendance minus any other aid the student is receiving for the period of attendance set to be covered by the loan.

Please note that a lender's inclusion in this list is not meant as an endorsement by the university, nor is it meant to limit your selection of a private education loan.  These particular lenders have been included because:

  • they have a proven track-record of reliable customer service;
  • they offer competitive interest rates and repayment terms; and
  • they utilize electronic processing compatible with the university’s financial aid management system ensuring consistent and timely delivery of loan funds. 

However, the Office of Student Financial Services will certify an application for any private education loan regardless of whether the lender appears on this list or not.

Once you have decided upon a lender, please contact your Student Financial Services Advisor for information you'll need to provide as part of your application for the loan, including loan period, cost of attendance, and total amounts of other assistance.

St. Edward's University does not receive any form of payment or renumeration from lenders in exchange for inclusion on this list.