{"id":274,"date":"2021-09-24T16:20:40","date_gmt":"2021-09-24T16:20:40","guid":{"rendered":"https:\/\/www.butler.edu\/admission-aid\/graduate-aid\/"},"modified":"2026-08-03T15:25:11","modified_gmt":"2026-08-03T19:25:11","slug":"graduate","status":"publish","type":"page","link":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/","title":{"rendered":"Graduate Students Financial Aid"},"content":{"rendered":"<section class=\"content-block content-block--has-menu wp-block-butler-content-block\">\n\t<div class=\"content-block-container\">\n\t\t<div class=\"content-block-layout\">\n\t\t\t<div class=\"content-block-menu-container\">\n\t\t\t\t\t\t\t\t\t<nav class=\"content-block-menu-nav\" aria-label=\"Site menu\" id=\"page-nav\"><div class=\"content-block-menu-wrapper\"><header class=\"content-block-menu-header\"><span class=\"content-block-menu-header-label\">Financial Aid and Scholarships Menu<\/span><button type=\"button\" class=\"content-block-menu-mobile-toggle\" title=\"Toggle menu\" aria-label=\"Toggle menu\" aria-expanded=\"false\"><\/button><\/header><ul class=\"content-block-menu-list\"><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/first-year\/\" class=\"content-block-menu-list-link\">First-Year Students Aid <\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/transfer\/\" class=\"content-block-menu-list-link\">Transfer Students Aid <\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/international\/\" class=\"content-block-menu-list-link\">International Students Aid <\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/\" class=\"content-block-menu-list-link\">Graduate Students Aid<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/current\/\" class=\"content-block-menu-list-link\">Current Students Aid<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/fafsa\/\" class=\"content-block-menu-list-link\">Filing the FAFSA<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"\/admission-aid\/financial-aid-scholarships\/obbba\/\" class=\"content-block-menu-list-link\">Important Financial Aid Changes (2026\u20132027)<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-aid-cycle\/\" class=\"content-block-menu-list-link\">The Financial Aid Cycle<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-hidden-overflow\"><a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financing-options\/\" class=\"content-block-menu-list-link\">Financing Options<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-hidden-overflow\"><a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/scholarship-renewal-criteria\/\" class=\"content-block-menu-list-link\">Scholarship Renewal Criteria<\/a><\/li><\/ul><\/div><button type=\"button\" class=\"content-block-menu-desktop-toggle\" aria-expanded=\"false\" data-content-block-toggle-more-label=\"More links\" data-content-block-toggle-less-label=\"Hide links\">More links<\/button><\/nav>\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"content-block-content-container is-layout-constrained\">\n\t\t\t\t\n\n<h1 id=\"h-graduate-students-financial-aid\" class=\"wp-block-heading\">Graduate Students Financial Aid<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">The Office of Financial Aid awards Federal Direct Loans to degree-seeking graduate students enrolled at least&nbsp;half-time (three credit hours).&nbsp;There is no gift&nbsp;assistance for graduate students awarded through the Office of Financial Aid. Federal Direct PLUS Loans for Graduate Students and Private Loans are available to those needing additional assistance.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-vertical is-layout-flex wp-container-core-buttons-is-layout-2c90304e wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-text-link-blue-medium\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/#changes\">Graduate Student Loan Changes<\/a><\/div>\n<div class=\"wp-block-button is-style-text-link-blue-medium\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/#financing\">Financing Options for Graduate Students<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Graduate students who are studying abroad for credit with their program&nbsp;may be eligible to use loans for associated costs. Contact the Office of Financial Aid for more information.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Please note the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Self-study primers in the Lacy School of Business carry no credit hours and are not aid eligible.<\/li>\n\n\n\n<li>Some graduate non-degree certificate programs may be aid eligible and may follow the procedures for borrowing as listed below. Please check with your department for details.<\/li>\n\n\n\n<li>Currently, students pursuing the following non-degree programs are eligible for aid:\n<ul class=\"wp-block-list\">\n<li>Alternative Special Education- Mild Intervention Certificate<\/li>\n\n\n\n<li>Applied Educational Neuroscience Certificate<\/li>\n\n\n\n<li>Lifestyle Medicine Certificate<\/li>\n\n\n\n<li>Healthcare Practice and Administration Certificate<\/li>\n\n\n\n<li>Licensed Mental Health Counselor Certificate<\/li>\n\n\n\n<li>Physician Assistant Educator Certificate<\/li>\n\n\n\n<li>Medical Science Certificate<\/li>\n\n\n\n<li>Nurse Educator Certificate<\/li>\n\n\n\n<li>Foundations in Critical Care Certificate<\/li>\n\n\n\n<li>Foundations in Orthopedic Care Certificate<\/li>\n\n\n\n<li>Behavior and Mental Health Certificate<\/li>\n\n\n\n<li>Strategic Communication Certificate<\/li>\n\n\n\n<li>Teacher Certification (TCCOE)<\/li>\n\n\n\n<li>Music Education Certificate Choral and Instrumental (On-Campus)<\/li>\n\n\n\n<li>Music Education Certificate Choral and Instrumental (Online)<\/li>\n\n\n\n<li>Music Education Certificate Instrumental (On-Campus)<\/li>\n\n\n\n<li>Music Education Certificate Instrumental (Online)<\/li>\n\n\n\n<li>Music Education Certificate Choral (On-Campus)<\/li>\n\n\n\n<li>Music Education Certificate Choral (Online)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 id=\"h-financial-aid-offer-amp-next-steps\" class=\"wp-block-heading\">Financial Aid Offer &amp; Next Steps<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Financial Aid Offer is a complete overview of the financial aid offered to students who file the FAFSA and eligible to receive financial aid based on merit or need. The Financial Aid Offer also includes an average cost of attendance, which is used to determine financial aid eligibility. Once review of the financial aid file is complete, students will be notified via their Butler email when the Financial Aid Offer is available to view online at my.butler.edu. The Financial Aid Offer is not a bill or a statement of the student\u2019s account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Follow the steps below to ensure that all your aid will disburse to the student account in a timely manner.<\/p>\n\n\n\n<h3 id=\"h-steps-for-graduate-students-borrowing-loans\" class=\"wp-block-heading\">Steps for Graduate Students Borrowing Loans<\/h3>\n\n\n<div class=\"butler-accordion-container wp-block-butler-accordion-container\" data-allow-multiple=\"false\" style=\"--butler-accordion-title-bg-hover: ;\">\n\n<div class=\"butler-accordion-item wp-block-butler-accordion-item\">\n\t<div class=\"butler-accordion-header\">\n\t\t<h2 class=\"butler-accordion-title wp-block-butler-accordion-item\">\n\t\t\t<button class=\"butler-accordion-toggle\" aria-expanded=\"false\">\n\t\t\t\tStep 1: Complete the FAFSA\t\t\t\t<span class=\"screen-reader-text\">Open<\/span>\n\t\t\t<\/button>\n\t\t<\/h2>\n\t<\/div>\n\t<div class=\"butler-accordion-item-content\" aria-hidden=\"true\">\n\t\t\n\n<p class=\"wp-block-paragraph\">Students wishing to borrow loans must complete the <a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/studentaid.gov\/h\/apply-for-aid\/fafsa\" target=\"_blank\" rel=\"noopener\">Free Application for Federal Student Aid (FAFSA)<\/a>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For the fall and\/or spring semesters, submit the FAFSA for the academic year (i.e., Fall 2026 and\/or Spring 2027 use the 2026-2027 FAFSA).<\/li>\n\n\n\n<li>For the summer 2026 term, submit the FAFSA for the academic year preceding summer (i.e., Summer 2026 uses the 2025-2026 FAFSA).<\/li>\n<\/ul>\n\n\t<\/div>\n<\/div>\n\n\n\n<div class=\"butler-accordion-item wp-block-butler-accordion-item\">\n\t<div class=\"butler-accordion-header\">\n\t\t<h2 class=\"butler-accordion-title wp-block-butler-accordion-item\">\n\t\t\t<button class=\"butler-accordion-toggle\" aria-expanded=\"false\">\n\t\t\t\tStep 2:\u00a0Regularly Check Your Butler University Email\t\t\t\t<span class=\"screen-reader-text\">Open<\/span>\n\t\t\t<\/button>\n\t\t<\/h2>\n\t<\/div>\n\t<div class=\"butler-accordion-item-content\" aria-hidden=\"true\">\n\t\t\n\n<p class=\"wp-block-paragraph\">Students will receive an email when the Financial Aid Offer is available to view on <a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/my.butler.edu\/\" rel=\"noopener\" target=\"_blank\">My.Butler<\/a>.<\/p>\n\n\t<\/div>\n<\/div>\n\n\n\n<div class=\"butler-accordion-item wp-block-butler-accordion-item\">\n\t<div class=\"butler-accordion-header\">\n\t\t<h2 class=\"butler-accordion-title wp-block-butler-accordion-item\">\n\t\t\t<button class=\"butler-accordion-toggle\" aria-expanded=\"false\">\n\t\t\t\tStep 3:\u00a0Review\/Accept Your Financial Aid Awards\t\t\t\t<span class=\"screen-reader-text\">Open<\/span>\n\t\t\t<\/button>\n\t\t<\/h2>\n\t<\/div>\n\t<div class=\"butler-accordion-item-content\" aria-hidden=\"true\">\n\t\t\n\n<p class=\"wp-block-paragraph\">Carefully review your offer of financial aid and accept or decline&nbsp;the awards online at&nbsp;my.butler.edu using your username and password provided&nbsp;by the Office of Admission to log in.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Navigate&nbsp;to&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/my.butler.edu\/\" target=\"_blank\" rel=\"noopener\">my.butler.edu<\/a>. <\/li>\n\n\n\n<li>Select the tile that says <em>Financial Aid. <\/em><\/li>\n\n\n\n<li>Select&nbsp;<strong>Home&nbsp;<\/strong>in the navigation bar at the top.<\/li>\n\n\n\n<li>Click on&nbsp;<strong>Review\/Accept Awards<\/strong>.<\/li>\n\n\n\n<li>Follow all steps to review and accept or decline your financial aid awards.<\/li>\n<\/ul>\n\n\t<\/div>\n<\/div>\n\n\n\n<div class=\"butler-accordion-item wp-block-butler-accordion-item\">\n\t<div class=\"butler-accordion-header\">\n\t\t<h2 class=\"butler-accordion-title wp-block-butler-accordion-item\">\n\t\t\t<button class=\"butler-accordion-toggle\" aria-expanded=\"false\">\n\t\t\t\tStep 4: Act on Your Federal Loans\t\t\t\t<span class=\"screen-reader-text\">Open<\/span>\n\t\t\t<\/button>\n\t\t<\/h2>\n\t<\/div>\n\t<div class=\"butler-accordion-item-content\" aria-hidden=\"true\">\n\t\t\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you accepted the Federal Direct Loan, navigate to&nbsp;<strong>Student Financial Planning&nbsp;<\/strong>home page by visiting <a href=\"http:\/\/my.butler.edu\">my.butler.edu<\/a> and clicking on the <em>Financial Aid <\/em>tile and click <em>Home<\/em> in the navigation bar at the top. <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Under&nbsp;<strong>Receive Your Funds<\/strong>, click on both&nbsp;<strong>Complete the Graduate Subsidized\/Unsubsidized Entrance Counseling&nbsp;<\/strong>and&nbsp;<strong>Sign your Graduate Direct Subsidized\/Unsubsidized MPN<\/strong>.<\/li>\n\n\n\n<li>You will be directed to complete both at&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/studentaid.gov\/\" target=\"_blank\" rel=\"noopener\">studentaid.gov<\/a>. You will log in using your FSA ID from the FAFSA.<\/li>\n<\/ul>\n\n\t<\/div>\n<\/div>\n\n\n\n<div class=\"butler-accordion-item wp-block-butler-accordion-item\">\n\t<div class=\"butler-accordion-header\">\n\t\t<h2 class=\"butler-accordion-title wp-block-butler-accordion-item\">\n\t\t\t<button class=\"butler-accordion-toggle\" aria-expanded=\"false\">\n\t\t\t\tStep 5: Evaluate Your Options to Pay the Bill\t\t\t\t<span class=\"screen-reader-text\">Open<\/span>\n\t\t\t<\/button>\n\t\t<\/h2>\n\t<\/div>\n\t<div class=\"butler-accordion-item-content\" aria-hidden=\"true\">\n\t\t\n\n<p class=\"wp-block-paragraph\">The Office of Student Accounts publishes the electronic billing statements monthly as charges occur. More information about the&nbsp;tuition and fees, the billing&nbsp;process, payment plans, and additional Student Account Services can be found&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/www.butler.edu\/campus-services\/student-accounts\/\">here<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you need additional assistance to cover&nbsp;educational expenses, Butler offers financing options to invest in your&nbsp;education. Our&nbsp;payment plan, Federal Direct PLUS Loan for Graduate Students, and Private&nbsp;Education Loans are available. More information on graduate loan options is available below.<\/p>\n\n\t<\/div>\n<\/div>\n\n<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n\n<section class=\"content-block wp-block-butler-content-block\">\n\t<div class=\"content-block-container\">\n\t\t<div class=\"content-block-layout content-block-layout-menu-less\">\n\t\t\t<div class=\"content-block-menu-container\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"content-block-content-container is-layout-constrained\">\n\t\t\t\t\n\n<h2 id=\"financing\" class=\"wp-block-heading\">Financing Options for Graduate Students<\/h2>\n\n\n<div class=\"butler-accordion-container wp-block-butler-accordion-container\" data-allow-multiple=\"false\" style=\"--butler-accordion-title-bg-hover: ;\">\n\n<div class=\"butler-accordion-item wp-block-butler-accordion-item\">\n\t<div class=\"butler-accordion-header\">\n\t\t<h2 class=\"butler-accordion-title wp-block-butler-accordion-item\">\n\t\t\t<button class=\"butler-accordion-toggle\" aria-expanded=\"false\">\n\t\t\t\tFederal Direct Loan\t\t\t\t<span class=\"screen-reader-text\">Open<\/span>\n\t\t\t<\/button>\n\t\t<\/h2>\n\t<\/div>\n\t<div class=\"butler-accordion-item-content\" aria-hidden=\"true\">\n\t\t\n\n<p class=\"wp-block-paragraph\">The Federal Direct Loan is a long-term, low-interest unsubsidized student loan.&nbsp;Degree-seeking graduate students enrolled at least half-time (three credit hours) may be eligible to borrow up to $20,500 annually.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Students are required to file the FAFSA.<\/li>\n\n\n\n<li>Repayment begins six months after graduating, leaving the University or enrolling less than half-time.<\/li>\n\n\n\n<li>The fixed interest rate for the Federal Direct Graduate\/Professional Unsubsidized Loan adjusts each year on July 1. Refer to&nbsp;<a href=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\/interest-rates\" target=\"_blank\" rel=\"noreferrer noopener\">studentaid.gov<\/a>&nbsp;for updates.\n<ul class=\"wp-block-list\">\n<li>For Direct Graduate\/Professional Unsubsidized Loans disbursed between July 1, 2026 and June 30, 2027, the interest rate is fixed at 8.07 percent.<\/li>\n\n\n\n<li>For Direct Graduate\/Professional Unsubsidized Loans disbursed between July 1, 2025 and June 30, 2026, the interest rate is fixed at 7.94 percent.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The origination fee for the Federal Direct Graduate\/Professional Unsubsidized Loan is 1.057&nbsp;percent.<\/li>\n\n\n\n<li>The origination fee for the Federal Direct Graduate\/Professional Unsubsidized Loan adjusts each year on October 1. Refer to&nbsp;<a href=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\/interest-rates\" target=\"_blank\" rel=\"noreferrer noopener\">studentaid.gov<\/a>&nbsp;for updates.<\/li>\n\n\n\n<li><strong>Note<\/strong>: DMS and DMS Certificate programs are awarded $6,833 per term due to the 6-week academic calendar, which does not meet the Federal definition of a SAY (Scheduled Academic Year).<\/li>\n<\/ul>\n\n\t<\/div>\n<\/div>\n\n\n\n<div class=\"butler-accordion-item wp-block-butler-accordion-item\">\n\t<div class=\"butler-accordion-header\">\n\t\t<h2 class=\"butler-accordion-title wp-block-butler-accordion-item\">\n\t\t\t<button class=\"butler-accordion-toggle\" aria-expanded=\"false\">\n\t\t\t\tFederal Direct PLUS Loan for Graduate Students (Grad PLUS)\t\t\t\t<span class=\"screen-reader-text\">Open<\/span>\n\t\t\t<\/button>\n\t\t<\/h2>\n\t<\/div>\n\t<div class=\"butler-accordion-item-content\" aria-hidden=\"true\">\n\t\t\n\n<p class=\"wp-block-paragraph\"><strong>Beginning July 1, 2026, new borrowers will no longer be eligible for the Federal Grad PLUS Loan based on the recent reconciliation bill <a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/obbba\/#loan-changes\" type=\"link\" id=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/obbba\/#loan-changes\" target=\"_blank\" rel=\"noreferrer noopener\">The One Big Beautiful Bill Act<\/a>. <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> Federal Direct PLUS Loan for Graduate Students is available to credit-worthy students pursuing a graduate degree. Grad PLUS Loans may cover educational expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods, and the lender is the U.S. Department of Education.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Repayment begins 60 days after the loan is fully disbursed. Deferment options are available while the student is in school.<\/li>\n\n\n\n<li>The fixed interest rate adjusts each year on July 1. Refer to&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/studentaid.gov\/myDirectLoan\/index.action\" rel=\"noopener\" target=\"_blank\">studentaid.gov<\/a>&nbsp;for updates.\n<ul class=\"wp-block-list\">\n<li>For PLUS loans first disbursed between July 1, 2026 and June 30, 2027, the interest rate is fixed at 9.07 percent.<\/li>\n\n\n\n<li>For PLUS loans first disbursed between July 1, 2025 and June 30, 2026, the interest rate is fixed at 8.94 percent.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The origination fee adjusts each year on October 1. Refer to&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/studentaid.gov\/myDirectLoan\/index.action\" rel=\"noopener\" target=\"_blank\">studentaid.gov<\/a>&nbsp;for updates.\n<ul class=\"wp-block-list\">\n<li>For PLUS Loans first disbursed between October 1, 2023 and before September 30, 2025, the origination fee is 4.228 percent.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Students must complete the&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/studentaid.gov\/h\/apply-for-aid\/fafsa\" rel=\"noopener\" target=\"_blank\">FAFSA<\/a>&nbsp;and apply for the PLUS Loan at&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/studentaid.gov\/myDirectLoan\/index.action\" rel=\"noopener\" target=\"_blank\">studentaid.gov<\/a>.<\/li>\n\n\n\n<li>The Office of Financial Aid will process a PLUS Loan upon notification of credit approval.<\/li>\n\n\n\n<li>The&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/studentaid.gov\/mpn\/\" rel=\"noopener\" target=\"_blank\">Master Promissory Note (MPN)<\/a>&nbsp;must be signed prior to funds being credited to the student\u2019s account.<\/li>\n\n\n\n<li>All borrowers will also be required to complete the Annual Student Loan Acknowledgement (counseling) at&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/studentaid.gov\/\" rel=\"noopener\" target=\"_blank\">studentaid.gov<\/a>.<\/li>\n\n\n\n<li>Students must be enrolled in a minimum of three&nbsp;credit hours to be eligible for the loan.<\/li>\n<\/ul>\n\n\t<\/div>\n<\/div>\n\n\n\n<div class=\"butler-accordion-item wp-block-butler-accordion-item\">\n\t<div class=\"butler-accordion-header\">\n\t\t<h2 class=\"butler-accordion-title wp-block-butler-accordion-item\">\n\t\t\t<button class=\"butler-accordion-toggle\" aria-expanded=\"false\">\n\t\t\t\tPrivate Loans\t\t\t\t<span class=\"screen-reader-text\">Open<\/span>\n\t\t\t<\/button>\n\t\t<\/h2>\n\t<\/div>\n\t<div class=\"butler-accordion-item-content\" aria-hidden=\"true\">\n\t\t\n\n<p class=\"wp-block-paragraph\">Graduate students may consider private loan options after exhausting opportunities from federal aid programs.&nbsp;See Private Loans on our&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financing-options\/\">Financing Options webpage<\/a>&nbsp;for more information about&nbsp;the available loan programs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For Graduate Certificate Programs that are not federal aid eligible, students may be able to use Private Loans.&nbsp;Some Private Loan lenders allow borrowing for Graduate Certificates.<\/p>\n\n\t<\/div>\n<\/div>\n\n<\/div>\n<h2 id=\"changes\" class=\"wp-block-heading\">Graduate Student Loan Changes<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The recent reconciliation bill, <em>One Big Beautiful Bill<\/em> (July 2025), introduces changes that will impact graduate student borrowing. While certain provisions of the law still require clarification, the information below reflects the current interpretation of these updates. At this time, there are no changes to borrowing for the 2025\u20132026 academic year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For more detail about the <em><a href=\"https:\/\/cdn.butler.edu\/www\/sites\/4\/2025\/08\/28154053\/Federal_Student_Aid_Change.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">One Big Beautiful Bill<\/a><\/em> changes, <a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/obbba\/\" target=\"_blank\" rel=\"noreferrer noopener\">click here to learn more<\/a>.<\/p>\n\n\n<div class=\"butler-accordion-container wp-block-butler-accordion-container\" data-allow-multiple=\"false\" style=\"--butler-accordion-title-bg-hover: ;\">\n\n<div class=\"butler-accordion-item wp-block-butler-accordion-item\">\n\t<div class=\"butler-accordion-header\">\n\t\t<h2 class=\"butler-accordion-title wp-block-butler-accordion-item\">\n\t\t\t<button class=\"butler-accordion-toggle\" aria-expanded=\"false\">\n\t\t\t\tGrad PLUS Loans Phased Out\t\t\t\t<span class=\"screen-reader-text\">Open<\/span>\n\t\t\t<\/button>\n\t\t<\/h2>\n\t<\/div>\n\t<div class=\"butler-accordion-item-content\" aria-hidden=\"true\">\n\t\t\n\n<p class=\"wp-block-paragraph\">Beginning <strong>July 1, 2026<\/strong> new borrowers will no longer be eligible for the Federal Grad PLUS Loan based on the recent reconciliation bill The One Big Beautiful Bill Act.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Exception: If you are <strong>enrolled in a current program and have borrowed a<\/strong> <strong>Grad PLUS before July 1, 2026<\/strong>, you will still be able to access a Grad PLUS loan for up to three additional years or until your program ends. Whichever comes first.<\/li>\n\n\n\n<li>This legacy provision only applies to loans borrowed for your current program. If you have borrowed a Grad PLUS for a previous program and start a new one after July 1, 2026, you will <em>not<\/em> be eligible for the loan in your new program.<\/li>\n<\/ul>\n\n\t<\/div>\n<\/div>\n\n\n\n<div class=\"butler-accordion-item wp-block-butler-accordion-item\">\n\t<div class=\"butler-accordion-header\">\n\t\t<h2 class=\"butler-accordion-title wp-block-butler-accordion-item\">\n\t\t\t<button class=\"butler-accordion-toggle\" aria-expanded=\"false\">\n\t\t\t\tNew Graduate Loan Limits\t\t\t\t<span class=\"screen-reader-text\">Open<\/span>\n\t\t\t<\/button>\n\t\t<\/h2>\n\t<\/div>\n\t<div class=\"butler-accordion-item-content\" aria-hidden=\"true\">\n\t\t\n\n<p class=\"wp-block-paragraph\"><strong>Starting July 1, 2026:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Graduate students who are new borrowers <\/strong>may borrow up to $20,500 per year, with a aggregate limit of $100,000.<\/li>\n\n\n\n<li><strong>Professional students<\/strong> <em>(e.g., law and PharmD)<\/em> may borrow up $50,000 per year in Unsubsidized Loans, with a aggregate limit of $200,000.<\/li>\n\n\n\n<li>There is a $257,500 lifetime borrowing limit on all federal student loans, excluding Parent PLUS and Graduate PLUS loans. Includes amounts canceled, repaid, forgiven, or discharged.<\/li>\n\n\n\n<li>If you have borrowed an Unsubsidized Loan in your current program of study, you will continue to qualify for the existing Unsubsidized Loan limits along with the Grad PLUS loan. If you have also borrowed a Grad PLUS loan in your current or existing program of student for an additional three years or the end of your program or whichever comes first. &nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>If you\u2019re starting a new Graduate program before July 1, 2026, you may be eligible for the Grad PLUS under the current rules<\/strong>. <\/p>\n\n\t<\/div>\n<\/div>\n\n<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":14,"featured_media":0,"parent":578,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-274","page","type-page","status-publish","hentry"],"revision_note":"","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Graduate Students Financial Aid | Butler University<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Graduate Students Financial Aid\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/\" \/>\n<meta property=\"og:site_name\" content=\"Admission &amp; Aid\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/butleruniversity\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-03T19:25:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.butler.edu\/www\/sites\/4\/2022\/02\/08101418\/butler-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@butleru\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/financial-aid-scholarships\\\/graduate\\\/\",\"url\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/financial-aid-scholarships\\\/graduate\\\/\",\"name\":\"Graduate Students Financial Aid | Butler University\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/#website\"},\"datePublished\":\"2021-09-24T16:20:40+00:00\",\"dateModified\":\"2026-08-03T19:25:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/financial-aid-scholarships\\\/graduate\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/financial-aid-scholarships\\\/graduate\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/financial-aid-scholarships\\\/graduate\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial Aid &amp; Scholarships\",\"item\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/financial-aid-scholarships\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Graduate Students Financial Aid\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/#website\",\"url\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/\",\"name\":\"Admission &amp; Aid\",\"description\":\"Just another www.butler.edu Sites site\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/#organization\",\"name\":\"Butler University\",\"url\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2022\\\/01\\\/cropped-fav-compress.jpg\",\"contentUrl\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2022\\\/01\\\/cropped-fav-compress.jpg\",\"width\":512,\"height\":512,\"caption\":\"Butler University\"},\"image\":{\"@id\":\"https:\\\/\\\/www.butler.edu\\\/admission-aid\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/butleruniversity\",\"https:\\\/\\\/x.com\\\/butleru\",\"http:\\\/\\\/instagram.com\\\/butleru\",\"https:\\\/\\\/www.linkedin.com\\\/school\\\/14798\\\/\",\"https:\\\/\\\/www.youtube.com\\\/user\\\/butleruniversity\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Butler_University\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Graduate Students Financial Aid | Butler University","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/","og_locale":"en_US","og_type":"article","og_title":"Graduate Students Financial Aid","og_url":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/","og_site_name":"Admission &amp; Aid","article_publisher":"https:\/\/www.facebook.com\/butleruniversity","article_modified_time":"2026-08-03T19:25:11+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cdn.butler.edu\/www\/sites\/4\/2022\/02\/08101418\/butler-social.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@butleru","twitter_misc":{"Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/","url":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/","name":"Graduate Students Financial Aid | Butler University","isPartOf":{"@id":"https:\/\/www.butler.edu\/admission-aid\/#website"},"datePublished":"2021-09-24T16:20:40+00:00","dateModified":"2026-08-03T19:25:11+00:00","breadcrumb":{"@id":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.butler.edu\/admission-aid\/"},{"@type":"ListItem","position":2,"name":"Financial Aid &amp; Scholarships","item":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/"},{"@type":"ListItem","position":3,"name":"Graduate Students Financial Aid"}]},{"@type":"WebSite","@id":"https:\/\/www.butler.edu\/admission-aid\/#website","url":"https:\/\/www.butler.edu\/admission-aid\/","name":"Admission &amp; Aid","description":"Just another www.butler.edu Sites site","publisher":{"@id":"https:\/\/www.butler.edu\/admission-aid\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.butler.edu\/admission-aid\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.butler.edu\/admission-aid\/#organization","name":"Butler University","url":"https:\/\/www.butler.edu\/admission-aid\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.butler.edu\/admission-aid\/#\/schema\/logo\/image\/","url":"https:\/\/www.butler.edu\/admission-aid\/wp-content\/uploads\/sites\/4\/2022\/01\/cropped-fav-compress.jpg","contentUrl":"https:\/\/www.butler.edu\/admission-aid\/wp-content\/uploads\/sites\/4\/2022\/01\/cropped-fav-compress.jpg","width":512,"height":512,"caption":"Butler University"},"image":{"@id":"https:\/\/www.butler.edu\/admission-aid\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/butleruniversity","https:\/\/x.com\/butleru","http:\/\/instagram.com\/butleru","https:\/\/www.linkedin.com\/school\/14798\/","https:\/\/www.youtube.com\/user\/butleruniversity","https:\/\/en.wikipedia.org\/wiki\/Butler_University"]}]}},"_links":{"self":[{"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/pages\/274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/comments?post=274"}],"version-history":[{"count":108,"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/pages\/274\/revisions"}],"predecessor-version":[{"id":18089,"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/pages\/274\/revisions\/18089"}],"up":[{"embeddable":true,"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/pages\/578"}],"wp:attachment":[{"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/media?parent=274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}