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Students wishing to be considered for federal financial assistance should submit a Free Application for Federal Student Aid (FAFSA) or the Renewal FAFSA. FAFSA applications become available in October prior to the beginning of the academic year.
Loans
Loans of varying types are available to all eligible students attending Quincy University. Loans must be repaid to the appropriate entity. Graduate students must be enrolled in half-time (5 credit hours per term) to be considered for federal loans. Federal regulations require that no loan funds be released until the new student borrower completes Entrance Counseling and the promissory note. Quincy University encourages student borrowers to complete borrower counseling even if they have previously borrowed at another institution. These interviews are conducted electronically at studentloans.gov.
Federal Direct Loan Program
Federal Direct Loans are available to eligible graduate students that complete the FAFSA and meet eligibility requirements. Repayment for Federal Direct Student Loans begins 6 months after graduation, withdrawal, or less than half-time enrollment. Only unsubsidized Federal Direct Student Loans are available to graduate students. An origination fee is deducted by the government prior to disbursement of the loan. Contact the Student Financial Services Office to learn the current interest rate and loan fee for your specific loan.
Graduate Students Enrolled in Undergraduate Courses
Graduate students must be enrolled in at least half-time to be eligible for Federal Financial aid. If enrolled in a combination of graduate and undergraduate courses, at least one course must be at the graduate level to receive graduate financial aid. The student must be admitted to the graduate program.
Special Graduate Student
Students taking classes as prerequisites for enrollment in graduate school, who have been approved by the Graduate Admissions Office as a Special Graduate student (not fully admitted to the program), may only receive financial aid as a Special Graduate student for one academic year. Special Graduate students may only receive financial aid for the prerequisites required for admission into the program. Special Graduate students can receive Federal Direct Student Loans at the senior undergraduate level. The student must be half-time and not have reached the undergraduate aggregate limits for the Federal Direct Student Loans.
Statement of Satisfactory Academic Progress
See the Statement of Satisfactory Academic Progress policy under Undergraduate Financial Aid.
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