Office of Student Financial Aid

Office of Student Financial Aid

Loan Information for Graduate Students

Who may borrow?	How much and under which program(s) can I borrow?
Matriculated M.A., M.A.T., M.B.A., M.Ed., and M.S. students	Federal Stafford Loans: subsidized (max $8,500) and unsubsidized combined, up to $18,500 but not more than the cost of attendance. Loan limits are lower for part-time students. N.J. Class Loan: may borrow up to the cost of attendance minus other financial assistance; co-signer may be required.
Deferred-matriculation master’s students can borrow for one academic year.	Federal Stafford Loans: subsidized (max $5,500) and unsubsidized combined, up to $10,500 but not more than the cost of attendance. Loan limits are lower for part-time students. N.J. Class Loan: may borrow up to the cost of attendance minus other financial assistance; co-signer may be required.
Instructional Teacher Certification Paralegal Certificate	Federal Stafford Loans: subsidized (max $5,500) and unsubsidized combined, up to $10,500 but not more than the cost of attendance. Loan limits are lower for part-time students. N.J. Class Loan: may borrow up to the cost of attendance minus other financial assistance; co-signer may be required.
Graduate students in all other certificate programs (Administrative and Educational Services Certificates)	N.J. Class Loan: may borrow up to the cost of attendance minus other financial assistance; co-signer may be required.
Second B.A. and B.S. students (undergraduate loan limits apply)	Federal Stafford Loans: annual allowable maximum according to grade level (subsidized and unsubsidized combined); cannot borrow more than the aggregate maximum for undergraduate study. Federal PLUS Loan: parents of dependent students may borrow up to the cost of attendance minus other loans. N.J. Class Loan: may borrow the cost of attendance minus other financial assistance; co-signer may be required.
Non-degree students or Students with incomplete admission status	Not eligible for any financial aid, including student and parent loans.

All applicants must file a 2008-09 FAFSA. You can do this at http://www.fafsa.ed.gov

E-mail us:

we respond to e-mail inquiries within 3 business days.

financialaid@montclair.edu

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This page was last updated on

May 15, 2007