Marlboro College Graduate and Professional Studies is dedicated to helping you earn your degree by providing access to federal financial aid.
Marlboro has designed our graduate education to be as affordable as possible and our costs as transparent as possible. Our tuition costs are based on per credit fees published each year. We are proud to consistently keep annual increases well below the national average.
For those students who will need financial aid to attend, Marlboro's degrees are approved for Federal financial aid and we can provide guidance in obtaining student loans. Students can receive an estimate of federal aid eligibility through the Department of Education's website www.fafsa4caster.ed.gov. To be considered for federal aid, the student must be a U.S. citizen or eligible non-citizen. Additionally, federal grants are available for students enrolled in our Bachelor of Science in Information Systems (BSMIS) program. The maximum unsubsidized Stafford loan a graduate student can borrow in one award year is $20,500. The undergraduate maximum varies depending on federal aid dependecny status and year in school. Students must be at least half-time (4 credits or more for graduate study and 6 credits or more for bachelors) to be considered for federal aid.
What should I do and when?
- Graduate and BSMIS students new to the Graduate School can begin the financial aid process by completing a Free Application for Federal Student Aid (FAFSA) online. The FAFSA determines if you are eligible for financial aid. Marlboro College Graduate and Professional Studies' school code is 003690 (listed under Marlboro College).
- Log onto www.studentloans.gov to apply for your federal Stafford loan(s). You will need your PIN from the FAFSA to log in.
- Complete entrance counseling while logged in at www.studentloans.gov. This is a federal requirement when borrowing federal Stafford and/ or Graduate PLUS loan(s).
- Register for your courses as soon as online registration opens. We must know how many credits you will be taking in order to determine how much aid you may be eligible for.
- If you have any questions, contact the Financial Aid office at (802) 258-9312 or firstname.lastname@example.org.
How will I know if I am financial aid eligible?
Once your registration has been approved by the Graduate School registrar, and the financial aid office has received your FAFSA we will calculate a financial aid award and will mail you an award letter. Your award letter will provide instruction on what information must be completed, details about declining aid, entrance counseling and federal verification, among other things.
How often will I need to fill out a FAFSA?
You should fill out the FAFSA once a year before August 1st. Your financial aid award will be split over the number of trimesters in your award year. A financial aid award year begins with the fall trimester and includes the winter and spring trimesters of the following calendar year. Example: fall 2013, winter 2014, spring 2014 makes one full financial aid award year from September to August. After your first trimester you will need a new FAFSA by August 1st for every fall trimester that you plan to enroll for classes.
- Federal Student Aid PIN website
- Federal Student Aid website
- Student Aid website
- Apply for scholarships
Important information for Direct Loans
What are Income-Based Repayment and Loan Forgiveness?
Income-Based Repayment (IBR) is a repayment plan for the major types of federal student loans that caps your required monthly payment at an amount intended to be affordable based on your income and family size. You may enter IBR if your federal student loan debt is high relative to your income and family size. While your lender will perform the calculation to determine your eligibility, you can use the Department's IBR calculator to estimate if you would likely benefit from the IBR plan.
Any Stafford, Grad PLUS or Consolidation loan made under either the Direct Loan or FFEL program is eligible for repayment under IBR, EXCEPT loans that are currently in default, parent PLUS Loans, or consolidation loans that repaid a parent PLUS Loan. The loans can be new or old, and for any type of education (undergraduate, graduate, professional, job training).
10-Year Public Service Loan Forgiveness
If you work in public service (including nonprofits) and have reduced loan payments through IBR, your remaining balance after ten years in a public service job could be cancelled if you made loan payments for each month of those ten years. Work with 501(c)(3)s, government agencies and other not-for-profit enterprises may qualify. For more information about this program, review the Departments Public Service Loan Forgiveness Program Fact Sheet.