Skip Navigation

Financial Aid & Assistantships

We believe that we owe our students a quality education at an affordable price and offer a variety of financial aid packages that combine merit-based aid with state and federal assistance. Our Financial Aid Office is always available to provide support as you explore your financial aid options.

  • Graduate Students

    Financial Aid for Graduate Students

    Need Help?

    Graduate Info

    Congratulations on your acceptance to our graduate program. Now, check out our videos to learn more about financial aid available to grad students.
    Learn More



    The process for securing student loans can be difficult to navigate. That’s why we’ve prepared some videos to explain the process.
    Learn More

    Graduate students at Stevenson University are eligible for the Federal Direct Stafford Student Loan Program and for some State of Maryland grant and scholarship programs.

    Federal Direct Student Loans for Graduate Students

    Stevenson University participates in the Federal Direct Student Loan Program. These unsubsidized low-interest student loans are available as long as you enroll at least half-time. Graduate students need at least 3 credits or more per semester. The terms and conditions of all loans are explained in the Master Promissory Note that all borrowers must complete and sign. Instructions for completing the Master Promissory Note are included in the Financial Aid Award Guide 2014-2015.

    Graduate Student Loan Limits
    Annual limit $20,500 in unsubsidized
    Maximum total debt from subsidized and unsubsidized loans when you graduate $138,500 (maximum $65,000 subsidized)

    Interest Rate for Graduate Direct Loans

    Legislation (The Bipartisan Student Loan Certainty Act of 2013) provides for the establishment of interest rates each year by July 1 for the following academic year. The interest rate established will apply to any loans obtained for that academic year.

    The rate each year will be determined by a somewhat complicated index and the rate is different for undergraduate students than for graduate students. Undergraduate loans will be at the same rate, graduate loans will be at a different and usually higher rate, and Direct PLUS loans for parents of dependent undergraduate students will also be at a different and usually higher rate.

    For the current 2014-2015 year, any graduate loans have a 6.21% interest rate.

    The interest rate each year will apply for the life of the loan; that is the loan will be a fixed rate loan. Many students will end up with a set of loans that have a different interest rate. Each loan does have a maximum rate that can be charged.

    Loan Fees

    Lenders are authorized to charge an origination fee for each loan. This fee is deducted from your loan before the loan money is sent to Stevenson.

    The fee for Direct Subsidized Loans is 1.073%. The 1.073% fee is deducted from your loan funds prior to the funds being posted to your student's Stevenson University account. The loan amount you actually receive will be less than the amount you have to repay.

    Master Promissory Note

    First-time borrowers at Stevenson University of Federal Direct Loans are required to complete entrance counseling and Master promissory Note (MPN) before the Financial Aid Office can process their loan. The purpose of the entrance counseling is to ensure that you understand your rights and responsibilities as a new loan borrower and that you understand the regulations governing each loan program, such as interest rates, grace, deferment/forbearance options, prepayment, consolidation, and other general repayment obligations. You are also informed of the consequences of not repaying your student loans (default) and of various repayment strategies.

    All student loan borrowers are required to complete exit counseling before graduating or withdrawing from Stevenson University or ceasing to enroll at least half-time. The online session covers all subjects that were covered in the entrance counseling, with an emphasis on repayment strategies.

    For more complete information on the Direct Loan Program, visit the federal web site,

    Funds will post to your student account after the financial aid census date. The census date typically marks the end of the add/drop period for the semester. This is the date we take a "snapshot" of all students' enrollment to establish the "official enrollment" for reporting purposes and financial aid eligibility. The classes for which you are registered as of the census date determine the amount of financial aid you will receive.

    Because all of Stevenson's graduate programs operate on the accelerated, 8-week module schedule, the disbursement of your funds may not occur at the same time as other students on the traditional 16-week schedule.

    Satisfactory Academic Progress

    To be eligible for receiving or continuing to receive financial aid, you must enroll in a graduate degree program and:

    • Maintain a 3.0 minimum cumulative GPA, and
    • Earn your degree within the first 54 attempted credits based on a maximum time frame of 150%. All semesters and credit hours attempted including all repeated courses, failed courses, withdrawals, courses taken from a change in major, and transfer credits will count as credit hours attempted toward the maximum time frame. View the complete Satisfactory Academic Progress policy.

    State of Maryland Grants and Scholarships

    Graduate students may be eligible for some State of Maryland grant and scholarship programs such as: Delegate Scholarship Program, Senatorial Scholarship Program, Workforce Shortage Student Assistance Grant Program, Graduate Nursing Faculty Scholarship and Living Expenses Grant.

    For more detailed information see

    Alternative/Private Education Loan

    Alternative Student Loans, also commonly referred to as Private Education Loans, are consumer loans offered by banks, credit unions and other private lenders to cover the cost of college not covered by financial aid.

    Before applying for an Alternative Student Loan, the student and parent of a dependent student should compare the terms of the loan with loan assistance available through the Federal Direct Student Loan and Federal Direct Parent PLUS Loan Programs. Most Alternative Student Loan Programs are not competitive with the Federal Loan Programs and are only intended to provide supplemental education financing after all federal options are exhausted.

    If you live in the following states, you should also review information about your state's Private Education Loan Programs: Alaska, Connecticut, Iowa, Maine, Massachusetts, Minnesota, Montana, New Jersey, New York, North Dakota, Rhode Island, South Dakota South Carolina, Texas, Vermont, Wisconsin, and Wyoming.

    Stevenson University does not provide a Preferred Alternative Student Loan Lender List, but we are able to provide you with a list of banks and credit unions that have made loans to our students in the past. Please be advised that Stevenson University does not recommend, promote, or endorse the loan products of the lenders on these lists. You are free to borrow from any lender of your choice.

    The banks, credit unions, and lenders that have made loans to our students in the past 5 years are as follows:

    Lender Name Phone Number
    Baxter Federal CU 1-877-654-5258
    Boeing FCU 1-877-654-5258
    Campus Door 1-717-249-8800
    Chase Bank 1-877-968-7331
    CitiAssist 1-800-846-1290
    Citizens Bank 1-888-333-0169
    Comstar Federal CU 1-877-654-5258
    Digital Federal CU 1-877-654-5258
    Discover Student Loans 1-877-728-3030
    Everence Federal CU 1-888-549-9050
    Fynanz Student Loans 1-888-549-9050
    Heritage Valley FCU 1­-877-654-5258
    Island Federal CU 1-877-654-5258
    LendKey 1-888-549-9050
    Member 1st CU 1-877-654-5258
    Mid-Atlantic Federal CU 1-888-654-5258
    Lender Name Phone Number
    Motorola FCU 1-877-654-5258
    NASA Federal CU 1-877-654-5258
    Nassau FCU 1-877-654-5258
    Northwest Federal CU 1-877-654-5258
    Pentagon Federal CU 1-800-247-5626
    PNC Bank 1-800-762-1001
    Sallie Mae 1-888-2-Sallie
    Sun Coast FCU 1-877-654-5258
    Sun Trust Bank 1-866-232-3889
    Tobyhanna Federal CU 1-877-654-5258
    Transportation Federal CU 1-877-654-5258
    Union Federal 1-866-513-8445
    Wells Fargo Bank 1-800-658-3567
    White Rose CU 1-877-654-5258
    York Education FCU 1-877-654-5258

    (Note that sometimes the phone numbers listed here do change after this is published. If the number above does not work you may need to check with the lender or try the lender's website for more recent contact information.)

    Stevenson University provides Alternative Student Loan Counseling through the FASTChoice website. The FASTChoice website is powered by Great Lakes Student Loan Services and will provide you with general information about loan types, loan terms, and conditions and borrower responsibilities.

    For our larger volume lenders, you will be able to use the FASTChoice comparison tool to view individual bank loan details, including eligibility requirements, interest rates, loan limits, and borrower benefits. Since most credit unions have specific membership requirements, we would suggest that you contact them individually to determine their membership requirements.

    It is very important that you pay close attention to the information you receive about a private loan and the repayment of the loan and that you retain the information you receive. It will apply when you have to begin repayment of your loans. Private loans may not have the same flexibility and options available with Direct Loans. You do not want unwelcome surprises and issues when you begin repayment.

    The Alternative Student Loan industry has experienced a number of regulatory changes that could add additional time to the approval process. If you are planning to use an Alternative Student Loan to pay your charges, please allow sufficient processing time. Most lenders will agree that using a credit-worthy cosigner may speed up the application process, help lower the interest rate, and increase the chance of approval.

    When the lender has determined whether the student meets the approval criteria, the lender will contact Stevenson for the school certification. After the certification has been provided, the lender will issue a disclosure statement detailing the loan agreement. If you request to borrow an amount that exceeds eligibility, Stevenson will reduce the requested amount to comply with federal guidelines.

    Private Education Loan Applicant Self-Certification

    The Higher Education Opportunity Act was signed into law on August 18, 2008. The Act requires all colleges to adopt a College Loan Code of Conduct. Stevenson University has adopted the College Loan Code of Conduct proposed by the Attorney General of the State of Maryland.

    Apply for Aid

  • Adult Undergraduate Students

    Financial Aid for Adult Undergraduate Students

    Information and Requirements

    Types of Aid

    Undergraduate students in an adult program at Stevenson University are eligible for the same Federal and state financial aid programs as undergraduate students in the traditional semester and must meet the same eligibility requirements to receive and maintain their financial aid.

    Please visit the undergraduate admissions page for information about the Types of Aid available and how to Apply for Aid.

    Financial aid is a crucial component of achieving your goal of a college education. The Financial Aid Office at Stevenson University is here to help you through the potentially confusing process of financing your education.

    Because you are on the accelerated, 8-week module schedule, the disbursement of your funds may not occur at the same time as other students on the traditional 16-week schedule.

    We suggest that you review the information about the various types of aid available and then follow the instructions to apply for financial aid.

  • Grad Assistantships

    Graduate Assistantships

    Stevenson University welcomes the application of qualified graduate students for graduate assistantships. These assistantships are to be awarded for a two-year period to outstanding applicants to programs of the School for Graduate and Professional Studies.

    Eligibility criteria for application for a graduate assistantship are:

    1. Acceptance into a Stevenson University graduate program.

    2. Maintenance of a full-time graduate course load as defined by the respective graduate program.

    3. A cumulative GPA of all past academic work of at least a 3.0.

    In addition, applicants should have good computer skills, an ability to work independently, and be able to work some occasional evening hours if necessary. Individual graduate assistantship positions may have additional qualifications.

    Compensation and Benefits

    Tuition waiver for full-time course loads, as defined by the respective graduate programs, for a maximum of two academic years or until completion of the student's desired Master's program, whichever is sooner.

    Semester Stipend of $4,000, for a total of no more than four semesters.

    Duties and Responsibilities

    Graduate students offered assistantships will agree to work for Stevenson University in the capacity of the designated assistantship for an average of 20 hours a week in a 16-week semester for no more than four consecutive semesters.

    Application for Graduate Assistantship

    Please visit our Human Resources Employment page for available positions.

Contact Us
School of Graduate & Professional Studies
Owings Mills Campus
100 Campus Circle
Email Us
Resources for Current Students