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Are you thinking about joining the National Graduate School MS degree program? There is no better time! And paying for it could not be easier! There are a number of options you probably qualify for, Tuition Assistance, GI Bill, "Top Up" benefits, Corporate Tuition Reimbursement, scholarships or a combination of these benefits. Current interest rates on Stafford Loans are below 4%. You can't afford to miss this opportunity to advance your education and career!
Financial Aid Assistance From Knowledgeable
and Pro-Active Staff
NGS financial aid staff actively assists students with financial strategies for achieving a degree or certificate. NGS staff can guide you in fully utilizing your tuition assistance, veteran’s benefits and corporate reimbursement programs. Call NGS now to speak to a financial aid counselor or email the Financial Aid Office today. Don't Wait!
Students Benefit by Applying for Financial Aid Early
Even before you apply to grad school, you can apply for financial aid. You could begin your studies with no out of pocket expenses. Calculate your cost of attendance. (note this is an excel worksheet)
Federal Stafford Student Loan
NGS offers the Federal Stafford Loan(s) through our recommended lender, Bank of America. However, you may choose any lender you wish. A maximum loan amount of $20,500 per year may be borrowed to attend graduate school. A subsidized loan up to $8,500 is available to graduate students and maximum of $12,000 may be borrowed in the form of an unsubsidized loan. Repayment begins six months after graduation and you have ten years to repay. Deferments are available for a variety of reasons, for example, students paying on outstanding loans may postpone repayment.
Bank of America also offers to our Students taking the Stafford Loan special borrower incentives that can reduce the total cost of the loan. These incentives include:
- 1% origination fee for Stafford Loan borrowers.
- Bank of America will offer a 0.25% interest rate reduction to any Bank of America deposit account customer.
- This benefit is offered to any borrower of a student loan who opens a Bank of America deposit account (checking or savings) before entering repayment.
- The reduction will be applied after the borrower makes the first scheduled payment on time*.
*Borrower may choose to make payments by either check or auto debit. Payments up to 15 days past the due date are still considered on time. Auto debit is not required; payments can be made in any form. In addition, once applied, this benefit remains in place through the life of the loan.
Applying is Free
The Free Application for Federal Student Aid (FAFSA) is your key to initiating the loan process. The FAFSA is used by the government to determine your eligibility and EFC (Expected Family Contribution) for these loans. To start the loan process, click on the links below to download and print a step-by-step instructions page and two additional forms that are required to be submitted as originals:
- Instructions
- Master Promissory Note (You have the option of choosing any bank.)
- Verification Worksheet
- Entrance/Exit Form
In order to apply for the Stafford loan you must complete the online application by logging on to the FAFSA Link
Online Counseling with Bank of America
The entrance/exit counseling is meant to educate the borrower on the lending process. In place of the exit/entrance form, you may complete your required entrance and exit counseling online for your Stafford loan.
Paper forms are also available, Call or email for a financial aid package.
Bank of America Private Education Loans
Bank of America offers a low interest private student loan to our graduate students to supplement other financial resources. Payments begin six months after graduation and repayment terms can be extended up to 20 years. For more information.
Tuition Assistance for Government and Military Personnel
The Armed Forces Tuition Assistance (TA) Program is a benefit paid to eligible members of the Army, Navy, Marines, Air Force, and Coast Guard. Congress has given each service the ability to pay up to 100% for the Tuition Expenses of its members.
Each Service has its own criteria for eligibility, obligated service, application process and restrictions. This money is usually paid directly to the institution by the individual services. Although the program is one year long, military students typically are eligible for up to two fiscal years of reimbursement.
Additionally, active duty members may elect to use the MGIB "top up" in addition to their service provided TA to cover high cost courses.
TA is not a loan; it should be seen as money you have earned just like your base pay! When combined with a Stafford Loan, you could start the graduate program with no out-of-pocket expenses. Call to talk to a Financial Aid Officer today
Interested students should meet with their local Education Service Officer to determine their benefit. In some cases job training funds may be applied. It is the responsibility of the student to obtain the appropriate tuition assistance forms and send them to the Bursar's office:
Ms. Mary Orlando, Bursar
National Graduate School
500 Victory Road, 2nd Floor
North Quincy, MA 02171
Phone: (800) 838-2580
Fax: (617) 847-6316
The Bursar's office will invoice the government once the approved TA form is submitted. The student is responsible for submitting his/her grades to their education office.
Veteran's Benefits
Under the Montgomery GI Bill, (MGIB) the Army, Navy, Air Force, Marine Corps, and Coast Guard and their reserves and the National Guard provides up to 36 months of education benefits to eligible veterans for college. Benefits are adjusted each year.
The student must apply and complete the enrollment form. Once accepted, the VA will supply the student with a Statement of Eligibility. The student submits the Eligibility Form to the Bursar. A VA Certification Form is completed by the NGS certifying official.
If you are receiving Tuition Assistance from your branch of service, you may be eligible to use MGIB to supplement or "top up" your tuition assistance. For more information, call 1-888-GIBILL-1 (1-888-442-4551) or log in to the GI Bill Website:
Tuition Reimbursement/Company Sponsorship/ Vouchers
NGS staff understands the corporate tuition reimbursement process and can easily work with your employee benefit plan. Typically, NGS invoices the employer directly. If employed by a company, contact your Human Resources Department regarding funds available for degree and certificate candidates. NGS will accept company vouchers and bill companies directly to minimize out of pocket expenses. Students must submit a letter from their company guaranteeing payment before the first course. Students whose company pays by pre-approved voucher must submit that voucher prior to registration. Otherwise, students are expected to make payment to the School and then be reimbursed by their company.
Tuition Scholarships for Spouses of Enrolled DoD/DHS Students
Spouses of enrolled Department of Defense / Department of Homeland Security students receive the same discounted tuition rate as their enrolled spouses. It's fun going to school together! Apply Now!
Treatment of Stafford Loan Funds for Student Withdrawal
Click here for treatment of your loan funds for withdrawal from the program
Questions?
If you have questions regarding your financial aid options, please contact one of our financial aid counselors either by email or phone (800) 838-2580.
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