Does FAFSA Cover Graduate School?

Understanding FAFSA for Graduate School Students

If you’re planning to attend graduate school, you’re probably asking, “Does FAFSA cover graduate school?” This is one of the most common questions future graduate students ask when reviewing their financial aid options. FAFSA, the Free Application for Federal Student Aid, opens pathways to several kinds of federal aid—but the details do change when you move from undergraduate to graduate studies.

How Does FAFSA Work for Graduate Students?

Just like undergraduates, graduate and professional students use the FAFSA form to determine their eligibility for financial aid. However, the types of aid, eligibility requirements, and maximum amounts are different in graduate-level programs. Completing the FAFSA remains the first critical step in accessing federal aid for your master's, doctorate, MBA, law, or medical degree.

Types of Federal Student Aid Available to Graduate Students

When you submit the FAFSA as a graduate student, you may be considered for the following federal financial aid options:

• Federal Direct Unsubsidized Loans: Known as Stafford Loans, these are the most common source of federal loans for graduate students. The maximum annual limit is $20,500, with varying aggregate limits.
• Graduate PLUS Loans: These loans are available to graduate or professional degree students with favorable credit. They help cover costs not met by other financial aid, with borrowing limits up to the full cost of attendance minus other aid.
• Federal Work-Study: Many graduate schools offer work-study positions, giving students the opportunity for part-time employment to help offset tuition and living expenses.
• Grants and Scholarships: While federal grants are limited at the graduate level (e.g., the TEACH Grant or certain special programs), many universities offer institutional scholarships or fellowships. These might require a separate application.

Graduate students are not usually eligible for federal Pell Grants, which are primarily for undergraduates.

Graduate Student FAFSA EFC and Dependency Status

Unlike undergraduates, graduate and professional students are always considered independent on the FAFSA. This means your parents’ financial information is not required. Your Expected Family Contribution (EFC) or the new Student Aid Index (SAI) will be calculated based on your own income, assets, and household size.

Steps for Applying for Graduate School Financial Aid Using FAFSA

Here’s how to maximize your financial aid opportunities as a grad student:

1. Gather financial documents: Collect your Social Security number, federal tax returns, W-2s, bank statements, and investment records.
2. Create an FSA ID: You’ll need this unique username and password to log in and sign your FAFSA electronically.
3. Complete the FAFSA: List the graduate schools where you’re applying so they receive your aid information directly.
4. Submit early: Some aid is first-come, first-served. Deadlines may vary by state and school.
5. Review your Student Aid Report (SAR): Make sure it’s accurate, correct any errors, and review your aid eligibility.

What Costs Does FAFSA Cover in Graduate Programs?

Eligible federal student aid from FAFSA can be used for many graduate school expenses, such as:

• Tuition and mandatory fees
• Room and board (on or off campus)
• Books and educational supplies
• Transportation
• Personal expenses related to school
• Technology needs, such as a computer
• Dependent care, if applicable

What Grad Students Should Know About Loan Limits and Repayment

Graduate students can borrow more in federal student loans than undergraduates, but the aid comes at different terms:

• Direct Unsubsidized Loans: Fixed interest rates and an aggregate borrowing limit over your graduate studies.
• Graduate PLUS Loans: Higher limits, credit-based approval, and higher interest rates than unsubsidized loans.
• Loan repayment options: Income-Driven Repayment (IDR) plans, deferment, forbearance, and Public Service Loan Forgiveness (PSLF) for qualifying careers.

Note that for unsubsidized and PLUS loans, interest starts accruing as soon as funds are disbursed.

Common FAFSA-Related Graduate School Questions

Frequently Asked Graduate FAFSA Questions

Can I use FAFSA for graduate and professional degree programs?

Yes, you can use the FAFSA to apply for federal financial aid for most accredited graduate and professional degree programs, including master’s, doctoral, law, and medical schools in the U.S.

Are grants available for graduate school through the FAFSA?

Grants are limited for graduate students at the federal level. Most federal grants, like the Pell Grant, are only available to undergraduates. Some graduate students may qualify for specific grants such as the TEACH Grant, or university-based awards.

What is the maximum loan amount I can get for graduate school through FAFSA?

Graduate students may borrow up to $20,500 per year in Direct Unsubsidized Loans, with a lifetime limit of $138,500 (including any federal loans received as an undergraduate). Graduate PLUS Loans can be borrowed up to the full cost of attendance, minus other aid.

Do I need to include my parents' information on the FAFSA for graduate school?

No, graduate students are considered independent, so you do not need to include parental income or assets on your FAFSA.

Can international students use FAFSA for graduate school funding?

Most international students are not eligible for federal student aid through FAFSA. Noncitizens must meet strict eligibility requirements. However, universities may offer separate scholarships, assistantships, or institutional aid that do not require the FAFSA.

Tips for Getting More Aid for Graduate School

Paying for graduate school often means using a combination of sources. In addition to completing the FAFSA, consider these financial aid strategies:

• Search for scholarship opportunities through your university, professional associations, and community groups.
• Look for graduate assistantships or fellowships, which can provide tuition remission and stipends.
• Contact your school’s financial aid office to inquire about need-based or merit-based grants.
• Consider employer tuition reimbursement or public service loan forgiveness if you plan to work in qualifying fields.
• Review federal and state-specific programs for unique fields or high-need careers, such as education or healthcare.

Related Search Queries About Graduate School Financial Aid

• Does FAFSA offer loans for graduate students?
• Is FAFSA required for graduate school scholarships?
• How to apply for federal financial aid for grad school
• Difference between undergraduate and graduate FAFSA
• TEACH Grant and grad school FAFSA
• Income limits for FAFSA graduate students