Audiology and Communication Sciences

Washington University Loan Information

Federal Direct Unsubsidized loans, Federal Perkins loans, Federal Direct Graduate Plus loans and/or Private loans are available to students who qualify based on completion of the FAFSA, financial aid application and other required documents. Perkins and Direct Unsubsidized are awarded by the Financial Aid Office (other loans may require additional applications).

Federal Perkins Loan

**The Federal Perkins Loan program has currently been discontinued and will not be available for upcoming academic years.

The Perkins loan is the only graduate-level loan that is currently subsidized (interest paid) by the Federal government. This loan is awarded based on Federal need and may be limited to continuing students only.

Perkins has a fixed 5% interest rate with a standard 10-year repayment term. There are no fees for this loan and the loan will not accrue interest while you are enrolled at least 1/2 time in a degree seeking program. There is an interest free and payment free period of 9 months once you graduate or cease to be enrolled at least 1/2 time.

Federal Direct Unsubsidized Stafford Loan

With a complete financial aid application a graduate student can be eligible to receive up to $20,500 annually.

Direct Unsubsidized loans are currently 6% for the 2017-2018 aid year and have an origination fee of 1.069% that is subtracted from the loan at the time of disbursement for all loans disbursed prior to October 1st, 2017 (thereafter the fee will be 1.066%). The loan rate is fixed for the life of each loan; however, the fixed rate is set on July 1 of each year.

The Direct loan has a 6-month payment free grace period once you graduate or cease to be enrolled at least 1/2 time status. There are numerous repayment options starting at 10 years up to 25* years. Income based repayment options are also available to those who qualify.
*based on total debt load.

Federal Direct Graduate PLUS Loan

If you borrow the maximum Direct Unsubsidized loan, you may apply for a Direct PLUS loan. This loan currently has an interest rate of 7% for the 2017-2018 aid year and has an origination fee of 4.276% that is subtracted from the loan at the time of disbursement for all loans disbursed prior to October 1, 2017 (thereafter the fee will be 4.264%). The loan rate is fixed for the life of each loan; however, the fixed rate is set on July 1st of each year.

The PLUS loan has a no annual maximum, the amount is based on the remaining cost of attendance eligibility within a students budget.

Federal PLUS loans are based on overall good credit standing and therefore you must apply online at Studentloans.gov. The credit check is valid for 90 days; therefore, please be aware of your academic start time.

NON Federal Loan Options

Alternative / Private Student loans will require a credit check and possibly a co-borrower to maximize the best possible interest rate. The loan terms and conditions are based on you and your co-borrowers credit score and the specific loan product you select from that private lender. Our office has provided a historical list of lenders that provide healthcare specific loan programs. On the FASTChoice portal you can review, compare, and even apply online using any one of those lenders.

PLEASE NOTE: It is not the university’s position to recommend or endorse any particular lender. Select the terms and conditions that best suit your individual needs. For more information regarding alternative/private student loans, please visit FinAid.org and/or contact our office for more information.

Assistantships

A limited number of assistantships are available to qualified AuD and MSDE students on a competitive basis. Assistantships typically provide a financial award in exchange for a work commitment to PACS, such as serving as a teaching or clerical assistant. To be considered for an assistantship, applicants should check the appropriate box on the PACS Application for Graduate Admission. Awarded by the PACS program.

PACS Scholarships

Available to qualified AuD and MSDE students on a competitive basis. Full-tuition scholarships are currently available to MSDE students; AuD students may receive tuition scholarships ranging from 25-50% of the cost of tuition. PACS Scholarship awards are announced at the time an admission offer is made and renewal is guaranteed for all years of study for students who remain in good standing. To be considered for a PACS Scholarship, applicants should check the appropriate box on the PACS Application for Graduate Admission. Awarded by the PACS program.

Federal Loan Information

Types of Federal Aid

Studentloans.gov

PACS Financial Aid Information

Scholarship and Assistantship

Outside/Private Scholarships Opportunities

National Student Speech Language Hearing Association

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