University of Vermont

Student Financial Services

Types of Aid Available to Graduate Students

This page covers general information on types of aid available to graduate students.

The primary source of financial aid for graduate students is loan funding. Graduate students may wish to explore funding opportunities through the graduate college and/or external scholarships.

Generally, the FAFSA is the only application required to be considered for the aid listed below; however opportunities through the graduate college and external scholarships may require additional applications.


What are loans? Loans are a form of financial aid that must be repaid with interest. Repayment terms vary by loan type – additional details are below.

How do I apply? Get started by completing the FAFSA before our priority deadline. Your financial aid award will indicate the types of loans available to you. Students who accept loans will receive additional information on how to finalize them. Click here to learn more about applying for financial aid.

Detailed information about common federal and institutional loans: For information about loan programs not listed below, contact our office or the loan program administrator.

  • Federal Direct Subsidized Stafford Loan
    This loan type was only available for loans for periods of enrollment beginning before July 1, 2012. Effective for loans made for periods of enrollment (loan periods) beginning on or after July 1, 2012, graduate and professional students are no longer eligible to receive Federal Direct Subsidized Stafford Loans.
  • Federal Direct Unsubsidized Stafford Loan
    • Interest Rate: 5.84% fixed
    • Origination Fees: Click here for Direct Stafford Loan Origination Fee.
    • Repayment Starts: 6 months after student graduates of enrollment falls below half time.
    • Other Information: Eligibility federal borrowing limits; total financial assistance cannot exceed cost of attendance.
    • Refer to Promissory Note for full loan terms.
  • Federal Direct Graduate PLUS Loan
    • Click here to learn more about Federal Direct Loans.
    • Interest Rate: 6.84% fixed
    • Origination fees: Click here for Direct PLUS Loan Origination Fee.
    • Repayment Starts: For Graduate PLUS Loans first disbursed after 7/01/2008, repayment begins 6 months after the student's enrollment falls below half-time.
    • Other Information: Subject to credit approval eligibility based on financial need and federal borrowing limits.
    • Refer to Promissory Note for full loan terms.
  • Federal Perkins Loan
    • Interest Rate: 5.0% fixed
    • Origination fees: None
    • Repayment Starts: 9 months after student graduates or enrollment falls below half time.
    • Other Information: Funding is extremely limited. Perkins loans are awarded to students whose FAFSA is submitted before our priority deadline, demonstrate exceptional financial need, and are pursuing the same program that they previously received a Perkins loan under before. Perkins loans must be accepted by September 20, 2016 and disbursed by September 30, 2016 to retain for the 2016-2017 academic year.
    • Refer to Promissory Note for full loan terms.

Graduate Fellowships, Assistantships, etc.

Funding opportunities may be available through the Graduate College or your department. Visit the Graduate College Catalogue to learn more.

Work Study and Other UVM Employment

The Federal College Work Study Program is a need-based work program funded by the U.S. Department of Education. Any Federal Work Study eligibility will be listed on your UVM financial aid award letter. Each year over 2,000 students, working both in on-campus positions and off-campus non-profit organizations, earn in excess of $2,000,000 through the Federal Work Study Program. UVM offers over 3,500 jobs to students who are eligible to for Federal Work Study. Eligible students must accept their Work Study award each year prior to October 1st. Click here to view details on finalizing your Federal Work Study Award. 

Funding for the Federal Work Study Program is exceptionally limited and not all students qualify. If you are not eligible for Federal Work Study, you may consider the valuable experience of part-time work. Click here to check out UVM Career Services's guide to finding part-time work.


Graduate students are not eligible for UVM merit scholarship consideration. Graduate students are encouraged to review our Graduate College Catalogue to learn about additional opportunities.

Last modified April 08 2016 09:31 AM

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