BW's
Federal
ID
Code:
003014
Loans
for
Graduate
Students
Graduate
students
in
the
School
of
Education
may
pursue
financial
support
in
the
form
of
educational
loans.
If
this
is
your
first
graduate
degree,
or
if
you
earned
a
graduate
or
professional
degree
unrelated
to
K-12
education,
you
may
consider
pursuing
federal
direct
student
loans,
graduate
PLUS
loans,
or
private
education
loans.
Graduate
students
who
have
already
earned
a
master's
degree
related
to
K-12
education
may
utilize
private
education
loans,
which
often
have
interest
rates
and
repayment
options
that
are
as
competitive
or
perhaps
even
better
than
the
federal
loans.
Federal
Direct
Unsubsidized
Loans
Qualifying
students
can
borrow
up
to
$20,500
in
Direct
Student
loans
per
academic
year.
Students
must
apply
through
the
FAFSA
annually.
To
qualify
for
a
loan,
you
must
be
enrolled
at
least
half
time:
for
first
time
MAEd
students,
this
equates
to
at
least
three
credit
hours
per
term.
View
more
information
on
federal
direct
student
loans.
Federal
Graduate
and
Professional
Student
Plus
Loans
In
addition
to
federal
direct
student
loans,
first
time
MAEd
students
may
also
be
eligible
for
the
Federal
Graduate
and
Professional
Student
PLUS
Loan
Program.
Students
must
apply
through
the
FAFSA
annually
and
have
non-adverse
credit.
Private
Education
Loans
Private
education
loans
are
a
financing
option
for
students
who
choose
to
not
utilize
federal
loans
or
do
not
qualify
for
the
federal
loans.
The
FAFSA
is
not
required
to
pursue
these
loans,
but
a
credit
check
is
typically
required.
Due
to
the
wide-variety
of
private
education
loan
offerings
it
is
advised
that
you
should
compare
multiple
lenders
prior
to
making
your
decision.
To
assist
with
this
process,
Baldwin
Wallace
offers
resources
and
online
comparison
tools
for
selecting
and
applying
for
a
private
education
loan.
