Graduate Studies Students

General
Students enrolled in the Mount's Seminary, MBA and MEd programs may seek assistance through federal loans, while MEd students may also be eligible to receive Maryland State Teacher Scholarships. To qualify for financial aid, students must be enrolled on at least a half-time basis, i.e., at least three (3) credits per semester for the MBA and Med programs and at least six (6) credits for Seminary studies.

Registering for Classes
Students interested in receiving financial aid need to plan accordingly. Because enrollment status is critical to this process, students should map their coursework on at least a semester basis. For those in the Accelerated MBA Program, this means pre-registering for all courses they intend to take in the semester's modules.

Stafford Loans
Most students enrolled in the MBA and MEd programs are eligible to borrow up to their Cost of Attendance, i.e., tuition and fees plus allowances for room & board, books, transportation and spending money. These allowances are established by the Financial Aid Office at the beginning of each academic year. Seminarians should contact the Financial Aid Office to determine their loan limits. The following steps are necessary in applying for the Stafford Loan.

1. Complete the Free Application for Federal Student Aid (FAFSA). This form is available in the Financial Aid Office, or it can be completed electronically at www.fafsa.ed.gov. The Mount’s Title IV school code is 002086. Please understand that this form must be sent to a Federal processing center and takes 3-4 weeks to be processed, thus it needs to be completed as soon as possible prior to the term. The FAFSA needs to be completed each academic year.
2. Complete Stafford Loan Application. First-time borrowers must complete a Master Promissory Note and a Stafford Loan Certification Form, both of which are available by calling the Financial Aid Office at (301) 447-5207. (Students who have borrowed previously in the Federal loan program should contact their prior lender and request a loan application.) Completed applications should be sent to the MSM Financial Aid Office. Once the Master Promissory Note is on file in the Financial Aid Office, a student may request additional funds for any ensuing semester by submitting another Stafford Loan Certification Form.