In addition to the options listed above, Federal Stafford Loans are available to help graduate students meet their financial needs. There are two types of Federal Stafford Loan subsidized and unsubsidized. Subsidized loans are based on financial need. Unsubsidized loans are awarded regardless of student or family income. Interest payments do not begin accruing until after graduation.
Interest begins accruing when the loan is awarded.
Interest may be paid while the student is in school or deferred until after graduation. Federal Stafford Loans are made by a lender such as a bank, credit union, or savings and loan association. Some students choose to enroll part-time in the MA program, which allows them to work and pursue their degrees at the same time. However, because most of the core courses are offered during the day, part-timers must be able to arrange their work schedules to allow for flexibility.