Loan Options
Many W. P. Carey MSIM students elect to pursue a variety of financing options to assist with the cost of attendance. Most U.S. citizens and permanent residents can qualify for various federal loans designed specifically for graduate students. Such loans are not based on financial need.
Once admitted to the program, you will receive further information about how to apply for loans and financial assistance.
Below you will find basic information about financing alternatives. Interest rates, terms and loan availability are subject to change. Official details are provided upon the offering and acceptance of the loans. These loan programs are not available to international students studying on F-1 or J-1 visas.
Federal Direct Stafford Loan
Federally funded loans through the William D. Ford/Stafford Federal Direct Loan Program are administered by ASU and awarded to graduate students enrolled at least half-time in a degree program.
- All individuals are eligible for up to $20,500 in loans per academic year, regardless of need.
- The current interest rate for Stafford Loans is 6.8 percent.
- Repayment of loan principal balance begins after graduation.
*Please note, beginning August 1, 2012 the Federal Stafford Subsidized loan will no longer be offered to Graduate students.
Federal Direct Plus Loans
Graduate students who meet the requirements for federal financial aid and have good credit histories can apply for this federally funded loan program.
- This loan can be used to cover graduate school expenses that exceed the $20,500 provided under the Stafford Loan program.
- Direct Plus Loans usually can be taken to cover up to the total cost of attendance.
- The interest rate is fixed at 7.9 percent. Interest begins accruing upon initial disbursement.
- Repayment begins within 60 days of the last term for which funds were disbursed.
If you are not eligible for Federal Loans or if you would like to pursue other options, you may obtain a Private Education Loan.
