Lee University, Cleveland TN
Lee University, Cleveland TN

Graduate Financial Aid

GRADUATE FINANCIAL AID
Eligibility for financial aid is determined by filing the Free Application for Federal Student Aid (FAFSA) through the Federal Processor. The FAFSA can be completed online at www.fafsa.ed.gov.

In order to receive federal aid, a student must be fully accepted into a graduate program.  Provisional acceptance does not meet the requirements to qualify for federal aid.  Students must be enrolled at least halftime to receive Federal Student Aid.  Graduation from a program can impact eligibility for future aid.

Graduate students are eligible to apply for Stafford Loans. Maximum annual loan amounts are indicated below:

Subsidized Stafford. . . . . . . . . . . . . . . . . . $ 8,500
Unsubsidized Stafford. . . . . . . . . . . . . . . . $12,000

These amounts will be subject to the student’s filing for federal aid, showing eligibility for loans based on income and cost of attendance for school. Students may or may not be eligible for the maximum possible award based on these criteria. 

Lifetime Learning Credits
A family may claim a 20% tax credit for the first $5,000 of tuition and fees paid each year through 2002, and thereafter 20% of the first $10,000.  This credit may be claimed for any number of years, starting July 1, 1998, provided students and taxpayers meet the criteria for each credit.  If eligible, this credit can be applied to an individual annual tax return.  The program is administered by the Internal Revenue Service.  Questions should be addressed to a local IRS representative. 

Graduate Assistantships
and Scholarships Assistantships and scholarships are available for full-time and part-time graduate students.  Information can be obtained from the Director of the Graduate Program in each area of study. 

More Resources
For more information about financial aid and funding resources, see the undergraduate financial aid section of this catalog.

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