Taylor University graduate students are eligible for the Federal Stafford Loan Program.
Graduate students can borrow up to the full cost of attendance (tuition and fees, international travel expense, books and materials, and other related expenses) through the Federal Stafford Loan Program up to the maximum allowed amount of $20,500 per year.
The student must complete the Free Application for Federal Student Aid (FAFSA), listing Taylor University (001838) as a recipient of the data. The FAFSA must be completed each academic year (which covers July 1 through June 30 for federal financial aid purposes). The FAFSA should be completed two to three months before the student needs the loan funds. Upon receipt of the student’s FAFSA data, Taylor University’s Financial Aid Office will review the data and may request additional information if necessary. Once the file is complete, the Financial Aid Office will send an Award Letter identifying the student’s loan eligibility and providing detailed instructions for completing the loan application process.
Repayment of the loan principal is deferred until after graduation or until the student ceases to be enrolled at least half time. Since the MBA program consists of four terms, three courses each, students must complete at least two courses each term to keep loans in a deferred status. Students must also have an undergraduate degree to qualify for student loans at the graduate level.
If you have questions regarding financial aid, please contact Grant Armstrong, Financial Aid Counselor, at 765.998.5358. You may also contact the MBA office at 260.399.1MBA, toll-free 866.471.6062 or by email at mba@tayloru.edu.
