APPLYING FOR GRADUATE FINANCIAL AID
Applying for Financial Aid
To be considered for financial aid, the Free Application for Federal Student Aid (FAFSA) must be completed and submitted to Mercyhurst University. The FAFSA may be filed entirely online on the www.fafsa.ed.gov website. Mercyhurst University's Title IV code, 003297, will need to be listed on the application.
Most students must rely on educational loans to cover at least some portion of their educational costs. Student loan borrowing is an investment in your future. When deciding to borrow, it is very important you are obtaining the best possible loans available to you in terms of interest rates and repayment options.
Federal student loans are the most favorable type of educational loans for students. You are advised to first consider all federal loans for which you qualify before considering private educational loans.
Federal Student Loans
For graduate or professional students, the federal government offers Direct Loans and Direct PLUS Loans. You must fill out the FAFSA (Free Application for Federal Student Aid) to apply for either of these loans.
Please select the links below for more information and the application process.
Federal Direct Loan (unsubsidized)
For graduate students with or without need enrolled at least half-time. Visit this site to complete Direct Loan MPN and Entrance Counseling as well.
Federal Direct Graduate PLUS Loan
This program is available to graduate students enrolled at least half-time, who need funding beyond the Direct unsubsidized loan. Visit this site to complete the Graduate PLUS MPN and Entrance Counseling as well.
Private Alternative Loans
Students who need additional funds after considering the federal student loans listed above or students who are ineligible for federal aid - may need to apply for an alternative loan. You are strongly encourage to pursue federal loans first. For more information on a small sample of private alternative loan lenders, you may visit www.elmselect.com or complete your own search of lenders via an internet search engine.