Graduate Financial Aid
The University of the Arts offers a variety of financial aid programs to assist students in meeting their educational goals. Aid may be offered in the form of grants, loans, or employment, and is funded through federal, state, institutional, or private organizations.
Types of Financial Aid
Financial aid can be in the form of grants, scholarships, loans or student employment, and is funded through federal, state, institutional or private organizations.
- Grants and scholarships are considered gift aid and need not be repaid. For more information on scholarships, please visit the Graduate Scholarships page.
- Educational loans must be repaid and are usually offered at a low interest rate with an extended repayment period. For more information, see the Loan Programs section below.
- Student employment or work-study is a work-to-earn program that is paid biweekly at an hourly rate. Learn more about graduate student employment.
Who Should Apply
All students who are US Citizens or eligible non-citizens and are enrolled in a degree program are encouraged to apply by completing the FAFSA.
- William D. Ford Federal Direct Loan Program provides unsubsidized loans to eligible graduate students to assist with their educational costs. Students are awarded these loans when they file a FAFSA and the student is the borrower. Repayment typically begins 6 months after graduation. These loan funds are provided by the federal government. For more information on interest rates, difference between loans and amounts, please visit the Federal Student Aid loan page.
- Direct PLUS Loans are federal loans that graduate students can use to help pay for college once direct loans have been exhausted. For more information on interest rates, difference between loans and amounts, please visit the Federal Student Aid loan page.
To Reject your loans, please log in to the UArts Portal and visit the Self Service Financial Aid page. You can reject your loans under the My Awards tab. If you need assistance reviewing loan rates or have questions, please contact Student Financial Services for assistance.
If you have a Federal Direct loan and graduate or leave the university, you must complete Loan Exit Counseling as required by the Department of Education.
Master Promissory Note / Entrance Counseling
Students receiving Direct Loans are required to electronically sign a Master Promissory Note (MPN), the promise to repay the loan, and complete Entrance Counseling in order to receive direct loan funds. Entrance Counseling goes through the student’s rights and responsibilities, important information on the loans terms and repayment. The MPN and Entrance Counseling are typically done the first year the student borrows and renews automatically. The MPN and Entrance Counseling can be completed at studentloans.gov.
Private education loans are privately funded loans which may be used to supplement students’ federal and University-based aid. When combined with all other forms of aid, private loans may not exceed the University’s cost of attendance. Approval for these loans is credit-based.
Once you and your family have considered federal loan options, you can use ELMSelect to find & utilize private lenders.
When & How to Apply
To secure your financial aid, complete the Free Application for Federal Student Aid after October 1st at fafsa.ed.gov. Be sure to include the UArts Federal School Code, 003350.
Incoming Student award letters are sent starting in January. If you submit your FAFSA after this date, expect your award package within three weeks of filing your FAFSA.
Returning Student award letters are sent beginning in March based on successful completion of attempted credits for the spring semester. If you submit your FAFSA after this date, expect your award package within three weeks of filing your FAFSA.
If an award is listed as estimated, we will contact the student via university email with what additional steps must be taken by the student before the student can receive those funds. The student may need to complete items or documents which can be viewed on the Financial Aid page of Student Self Service under Required Documents. The only exception is Federal Work Study; you can read more about how Federal Work Study is earned on our student employment page.
Approximately 30% of students who complete a FAFSA are required to complete a process called verification. In this process, additional forms and documents are required in order to verify the information supplied on the FAFSA. If you are selected for verification, you will be notified via your award package and additional forms will be mailed to you. The student can view what items are needed on the Financial Aid page of Student Self Service under Required Documents.
Special circumstances are documentable situations outside of standard financial aid procedures from a family’s financial or household situation that the FAFSA does not accurately capture. Examples include: job loss or salary reduction, unusually high medical bills, one-time income on the previous year tax return, one-time retirement withdrawals, dependency overrides, and more.
Please contact our office for assistance if you have special circumstances or need help determining if you do.
Need Help? Contact Us
Toll-Free: 800-616-ARTS x6170 or 215-717-6170