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Andre 4.8.14

Last week, our class took a field trip to the State Department. Unfortunately, Secretary of State ... Read more

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Graduate Tuition & Financial Aid

Tuition rate varies by college of enrollment. Click here to view the 2014-2015 tuition rates. 

Graduate Students

Graduate students must be degree seeking and enrolled at least part time (3 credit hours) in order to be eligible for the Federal Aid Program. 

Note: Beginning January 2014, Butler Corporate and Executive Education (BCEE) is launching a series of online certificates, which will be the first online program at Butler University. Please note, these programs will not be aid eligible. 

Federal Direct Loan

Eligibility: A long-term, low interest unsubsidized student loan.

Amount: Annual grade level maximum for graduate students is $20,500.

Comments:

  • Students are required to file the Free Application for Federal Student Aid (FAFSA).
  • Interest Rates and Fees for Graduate Students:
    • Federal Direct Unsubsidized Loans borrowed in the 2013-2014 academic year will have an interest rate fixed at 5.41 percent.
    • Federal Direct Unsubsidized Loans borrowed in the 2014-2015 academic year will have an interest rate fixed at 6.21 percent.
    • An origination fee of 1.072 percent will be assessed by the lender at the time of disbursement for loans with a first disbursement date on or after December 1, 2013 and before September 30, 2014. Loans with a first disbursement date on or after October 1, 2014 and before September 30, 2015 will be assessed an origination fee of 1.073 percent. This fee is subject to change; refer to www.studentloans.gov for updates.
  • Repayment begins six months after graduating, leaving the university or enrolling less than half-time (4.5 credit hours for 13-14 and 3 credit hours for 14-15).
  • Beginning Fall 2014, students must be enrolled in a minimum of three credit hours per semester to be eligible for the Federal Direct Loan program.

Federal Direct PLUS Loan for Graduate Students (Grad PLUS)

Under the Federal Direct PLUS Loan program, graduate students may borrow up to the difference between the cost of attendance and all other financial aid, including Federal Direct Loans. The loan is not based on need and the graduate student must have a good credit history.

  • Interest Rates and Fees for Graduate PLUS Loans:
    • Federal Direct Grad PLUS Loans borrowed in the 2013-2014 academic year will have an interest rate fixed at 6.41 percent.
    • Federal Direct Grad PLUS Loans borrowed in the 2014-2015 academic year will have an interest rate fixed at 7.21 percent.
    • An origination fee of 4.288 percent will be assessed by the lender at the time of disbursement for loans with a first disbursement date on or after December 1, 2013 and before September 30, 2014. Loans with a first disbursement date on or after October 1, 2014 and before September 30, 2015 will be assessed an origination fee of 4.292 percent. This fee is subject to change; refer to www.studentloans.gov for updates.
  • Repayment of the loan typically begins 60 days after the loan is fully disbursed with no grace period.
  • Interest begins to accrue after the first disbursement is made. Students may contact the U.S. Department of Education (DOE) for additional information and deferment options.
  • Students are required to file the Free Application for Federal Student Aid (FAFSA).
  • The student borrower must use their Federal PIN (same PIN used to sign the FAFSA) when applying for the Federal Direct PLUS Loan for Graduate Students at www.studentloans.gov.
  • Students must be enrolled a minimum of 4.5 credit hours to be eligible for the loan, for 2013-2014. 
  • Beginning Fall 2014, students must be enrolled in a minimum of three credit hours per semester to be eligible for the Federal Direct Grad PLUS Loan program.

Private Loans

Private loan options are also available to graduate students. See Financing Options - Education Loans for further information on the available loan programs.

We encourage all students to talk with a financial aid counselor for information on programs that may best fit their needs in meeting the expense of a Butler education.