Academic Policies and General Information
Financial Aid Programs for Graduate Students
Federal Family Education Loan Programs
Federal Stafford Loan Program
The Federal Stafford Loan Program is available for needy graduate students. Graduate students are eligible to borrow a maximum $8,500 per year, depending upon the level of their need. (The balance of the $8,500 may be borrowed under the Unsubsidized program listed below.) A cumulative loan limit of $65,500 is allowed for a combination of graduate and undergraduate Stafford Loan borrowing. Federal Stafford Loans are interest free while the student is enrolled at least half-time in a degree program. Thereafter, the interest rate is fixed at 6.80 per cent; repayment begins six months after leaving school or reducing enrollment to less than half-time.
Federal Unsubsidized Stafford Loan Program
The Federal Unsubsidized Stafford Loan Program provides loan funding up to a maximum of $18,500 per year (less any Federal Stafford subsidized loan listed above). There is a cumulative total of $73,000 (including any undergraduate borrowing). Payments on the loan principal may be deferred until after graduation. Repayment of interest (the rate is fixed at 6.80 per cent) may be made on a quarterly basis to the lender or may be capitalized and added to the principal.
Federal Perkins Loan Program
A very limited number of Perkins Student Loans are available for graduate students and are administered by the University of Vermont. The amount of the loan will depend upon available funds. Federal Perkins loans are interest free while the student is enrolled at least half-time in a degree program. The interest rate thereafter is 5 per cent and repayment begins nine months after leaving school or reducing enrollment to less than half-time.
Graduate/Professional PLUS Loan Program
Graduate/Professional PLUS loans are an option if you are enrolled at least half-time in a graduate or professional program. You can borrow up to the total cost of your education, minus any other aid for which you are eligible. To qualify, you must meet the requirements for federal financial aid. You must also complete the PLUS Master Promissory Note (MPN). Loans are disbursed in two or more payments. The interest rate is fixed at 8.5% and interest begins to accrue immediately. Repayment starts within 60 days of the loan's last disbursement for the school year, though Graduate/Professional borrowers may be eligible for in-school deferments.
Federal Work-Study Program
A limited amount of Federal Work-Study funding is available for needy graduate students. The Federal Work-Study Program provides financial assistance through employment with both oncampus and with off-campus agencies which have agreements with UVM. Students have the opportunity to select jobs in their field of study, interest and/or skills. The Work-Study Coordinator is located in Career Services.
The Career Services office also assists students in locating other part-time job opportunities. Student should contact Career Services, E Building, Living/Learning Complex. The phone number is (802)-656-3450.
The University provides support and information to any veteran or dependent eligible for benefits under Federal Law, Chapters 30, 31, 32, 34, 35, or 106. Students eligible for these benefits should contact the Registrar's Office at least one month prior to registration each semester. Students wishing to register for benefits should be prepared to present their certificates of eligibility.
Students involved in the Veterans Program should contact the University in the event of any change in credit load, dependency status, address, or major. The phone number is (802) 656-2045.
New England Regional Student Program
An opportunity for qualified legal residents of New England states to enroll at reduced rates for some programs which are not offered by the home state university but are offered in another New England state is available under an arrangement entitled the New England Regional Student Program. A list of the available graduate programs is listed in the "Apple Book" and may be examined in the Graduate College Admissions Office or obtained from the New England Board of Higher Education, 45 Temple Place, Boston, MA 02111.
Applicants must indicate clearly, both in their initial inquiries and on their application forms, that they are seeking admission under the terms of the New England Regional Student Program. In cases where the program of study is clearly unique or distinctive to the out-of-state institution, the UVM Graduate College Dean's Office will certify directly the applicant's eligibility to apply under the New England Regional Student Program. In cases where an apparently similar program of study is available at both institutions involved, the graduate deans of the two institutions will determine whether regional student status is appropriate.