IMPORTANT NOTICE from Financial Planning 

Teach Grant Sequestor Update

Grants first disbursed after October 1, 2015, have been reduced by 6.8% due to the government sequestration cuts.

Grants first disbursed after October 1, 2016, have been reduced by 6.9% due to the government sequestration cuts.

Financial Aid Information for Graduate Work

There is limited financial aid for graduate students.  Students interested in applying for financial aid must:

  • Be an admitted student in the Morningside College Graduate Program prior to the start of the semester the student is requesting aid.
  • Complete the Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov and have it sent to Morningside College (Federal School Code 001879)
  • Complete and return the Graduate Application for Financial Aid.
  • Register each term for a minimum of 5 hours of graduate credit at the Morningside tuition rate for most financial aid (exceptions include Federal TEACH Grant and some private loan assistance). 

Please note that all of these items must be completed in a timely manner in order for the Office of Student Financial Planning to disburse aid while you are enrolled during each term. The Morningside Financial Aid Application must be submitted for each term for which financial aid is sought.

Students seeking an endorsement may only receive aid for classes required for that endorsement.

Looking for Financial Aid disbursement dates?  Check the Graduate Calendar for the most current dates.

Financing Morningside College Graduate Classes

Federal Aid and Private Loans

Students who have been admitted into the Graduate Program at Morningside College, completed the Free Application for Federal Student Aid (www.fafsa.ed.gov), completed the Morningside College Financial Aid Application for Graduate Education Students, and who are enrolled:

Less than half-time students (less than 5 credit hours per term) can apply for the following:

  • Federal TEACH Grant (Loan) Program. (Only students seeking a Master’s Degree are eligible.) For information on the Federal TEACH Grant, go to www.myfedloan.org/teach. To complete the TEACH GRANT Agreement to Serve and the TEACH GRANT Initial AND Entrance Counseling, go to www.teach-ats.ed.gov and scroll down to My TEACH Grant.
  • Private resources you've found.

At least half-time students (5 credit hours per term) can apply for the following:

  • Federal TEACH Grant (Loan) Program. (Only students seeking a Master’s Degree are eligible.) For information on the Federal TEACH Grant, go to www.myfedload.org/teach. You must complete the TEACH GRANT Agreement to Serve and the TEACH GRANT AND Entrance Counseling online at www.teach-ats.ed.gov.
  • Federal Direct Subsidized & Unsubsidized Stafford Loan(s). (Only students seeking an Endorsement are eligible for Undergraduate load regulations.) Loan eligibility is determined after completion of the FAFSA and review of your Undergraduate indebtedness. Interest rate is fixed at 3.76% and the upfront fees are 1.069%. Repayment begins 6 months after student ceases to be enrolled at least half-time. To apply, go to www.studentloans.gov, to complete Entrance Counseling and Master Promissory Note.
  • Federal Direct Unsubsidized Stafford Loan(s). Loan eligibility is determined after completion of the FAFSA and review of your Graduate indebtedness. Interest rate is fixed at 5.31% and the upfront fees are 1.069%. Repayment begins 6 months after student ceases to be enrolled at least half-time. To apply, go to www.studentloans.gov, to complete Entrance Counseling and Master Promissory Note.
  • Federal Graduate PLUS Loan. Loan eligibility is based on creditworthiness. Interest rate is fixed at 6.31% and the upfront fees are 4.276%. Repayment begins within 60 days after the final disbursement has been made. To apply, go to www.studentloans.gov, to complete Entrance Counseling and Master Promissory Note.
  • Private resources you've found.

Cost of Attendance: Total Financial Assistance

Maximum available per session based on average costs.   Maximum amount may be reduced due to length of course.  Tuition for the 2016-2017 academic year is is $240 per credit hour.  Tuition will increase to $250 per credit hour for the 2017-2018 academic year.  

Budgets Fall Semester Spring Semester Summer Term
Tuition $720 - $2,160 $720 - $2,160 $720 - $2,160
Room & Board $0 - $4,595 $0 - $4,595 $0 - $2,296
Books $208 - $626 $208 - $626 $208 - $626
Transportation $763 $763 $190 - $380
Personal/Misc. $0 - $879 $0 - $922 $0 - $219
TOTAL $1,691 - $9,023 $1,691 - $9,023 $1,118 - $5,900

TEACH Grant/Loan Maximums ($4,000 Per academic year/$8,000 maximum total): 1st Disbursed on or after October 1

Credit Hours Semester Maximum Credit Hours Semester Maximum
1-4 $466 7-8 $1,398
5-6 $932 9+ $1,864

TEACH Grant/Loan Maximums ($4,000 Per academic year/$8,000 maximum total): 1st Disbursed on or after October 1

Credit Hours Semester Maximum Credit Hours Semester Maximum
1-4 $465.50 7-8 $1,396.50
5-6 $931 9+ $1,862

Teacher Loan Forgiveness Opportunities

Additional information may be found online at the following websites:

Questions?

Please contact our Financial Planning Office at 1-800-831-0806, x5230.