Graduate Financial Aid
Degree-Seeking Graduate Programs
Students accepted into and/or enrolled in Chatham’s master’s and doctoral degree programs and who are citizens or permanent residents of the United States are eligible to apply for financial aid through the Federal Stafford Loan program. International students are not eligible for the federal loan program and must rely on personal financial resources to fund their studies.
Teaching Certification Program
Students accepted into and enrolled in Chatham’s teacher certification program and who are citizens or permanent residents of the United States are eligible to apply for financial aid through the Federal Stafford Loan program. International students are not eligible for the federal loan program and must rely on personal financial resources to fund their studies.
Other Certification Programs
Students enrolled in one of Chatham’s certification programs (except for the teacher certification program) are not eligible for financial aid through the Federal Stafford Loan program. However, they may be eligible for an alternative loan and should contact a financial aid counselor for more information.
Non-Degree Seeking Students
Students taking classes in one of Chatham’s graduate programs but not yet admitted to the program are not eligible for financial aid through the Federal Stafford Loan program. Non-Degree Seeking Students can take up to six credits before having to enroll in the program, at which time they become Degree-Seeking Students eligible for financial aid as noted in the paragraphs above.
Other Non-Federal/Private Loans, sometimes called Alternative Loans, are available to all students to help fill the gap that sometimes exists between the cost of a Chatham education and a financial aid award. Private loan programs vary and are available from many lenders. These programs usually require credit worthiness or a co-signer. Students and parents are free to choose any lender.
Federal Loan Requirements
To be considered for a federal student loan, a graduate student must meet certain minimum requirements:
- Be enrolled in a degree-seeking or teacher certification program at Chatham on at least a half-time basis. Half-time enrollment for undergraduate students is at least six credits per semester. Half-time enrollment for graduate students is at least six credits per semester, the only exception is for students in the Doctoral Psychology program – three credits per semester is considered half-time enrollment for PsyD students. Credits must count towards a student’s degree requirement for federal financial aid eligibility. Any course that does not count towards the degree requirement is not eligible for federal financial aid.
Be a U.S. citizen, permanent resident, or eligible non-citizen (with appropriate INS documentation).
Maintain "Satisfactory Academic Progress" as defined as follows: Full-time and part-time graduate students must complete 67 percent of credits attempted and maintain a 2.0 cumulative GPA as a minimum requirement for financial aid. The maximum timeframe in which students are expected to finish a degree is 150% of a program’s length. Please note that some graduate programs have specific academic guidelines, which must be met to continue enrollment (see the sections on Grades and Academic Standing in the College of Graduate Studies section of this catalog for further information). Students may receive Federal Financial Aid for classes they are required to repeat.
- Loan funds will be processed for students who have completed a FAFSA, and have a valid Master Promissory Note and Entrance Counseling on file, unless the student declines the loans via the award letter, or notifies the financial aid office in writing that they are reducing or declining the loans.