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Financial Aid & Scholarships

Graduate students are almost always considered independent students, which means they do not need to provide parent financial information on the FAFSA. By having completed their bachelor degrees, they are no longer eligible for the federal Pell Grant or any need-based state financial aid. However, federal student loans can be an option for graduate students who need assistance with educational benefits.

For detailed information about federal student aid eligibility, types of aid you can receive, and key points to consider when taking out a student loan, click on the link below for a helpful publication tailored specifically to graduate students:

To receive federal financial aid, you must file the Free Application for Federal Student Aid (FAFSA) annually. The FAFSA application for graduate students must be filled out electronically, either online at studentaid.gov or using the new mobile app myStudentAid, available on the App Store (iOS) or on Google Play (Android).

Federal and State Aid

Federal Direct Stafford Loan (Unsubsidized)

Eligibility: Loan available to undergraduate and graduate students enrolled at least half-time regardless of financial need.
Amount: Eligible graduate students may borrow up to $20,500 per award year as determined by the student’s cost of attendance and other financial aid received. There are aggregate (lifetime) limits.
Details: Student is responsible for paying the interest during all periods. Interest payments are the responsibility of the student for the duration of the loan. Repayment begins six months after graduation or the student ceases to be enrolled at least half-time.
Apply: Complete FAFSA with school code 002288 Rochester University listed first.

Scholarships and Grants

Eligibility: Limited number of scholarships for graduate students demonstrating financial need.
Amount: Varies.
Details: The Scholarship Committee considers both academic ability and financial need in evaluating each application. Scholarships are awarded for one academic year (Fall – Summer).
Apply: Complete Graduate Scholarship Application in full for consideration.