Financial Aid and Scholarships for Graduate Programs at Seton Hall

1. Complete the FAFSA form.
2. Use the Seton Hall FAFSA school code: 002632
3. Create a Federal Student Aid (FSA) ID.*
4. Review your Student Aid Report (SAR). If any of the information is incorrect, please log onto the FAFSA site make the necessary corrections.
5. Your information submitted electronically to Seton Hall's Enrollment Services information system.
6. You will receive a financial aid award notice. This notice will list the types and amounts of financial aid that you are eligible to receive during the current academic year. This notice will also provide you with instructions for accepting the aid award and completing any additional aid/loan requirements.

*If you elect not to apply for a FSA ID, you will need to print out the signature page and mail it to the federal processor. Your application information cannot be processed until either your FSA ID is entered or signature page is received by the federal processor.

Once the FAFSA is submitted, you will receive a Student Aid Report (SAR), which is a summary of the information you provided on the FAFSA. Please review this document for accuracy. If the information is accurate, you can keep the SAR for your records. If any of the information is incorrect, please log onto the FAFSA site make the necessary corrections.

By entering Seton Hall University's school code on your FAFSA, your information will be submitted electronically to Seton Hall's Enrollment Services information system. Once Seton Hall receives this information, you will be sent a financial aid award notice. This notice will list the types and amounts of financial aid that you are eligible to receive during the current academic year. This notice will also provide you with instructions for accepting the aid award and completing any additional aid/loan requirements.

In order to receive Federal Student Loans, you must be a U.S. citizen, a U.S. national (includes natives of American Samoa or Swain’s island) or a U.S. permanent resident with an I-151, I-155 or I-155C (Alien Registration Card); not in default on a prior federal student loan or owe a refund on a federal grant; and, registered at least half time in a degree program. Half-time study at the graduate level at Seton Hall University is defined as being at least 4.5 credits per semester.

Male students ages 18-25 must have registered with the Selective Service. International students are not eligible for federal loans, but may be able to receive an alternative loan if a U.S. citizen or permanent resident acts as a co-signer. Information on these alternative loans is provided below.

By completing the FAFSA, graduate students may qualify for a Federal Direct Loan of up to $20,500 or the actual "cost of attendance" per academic year (the lower of the two figures). This "cost of attendance" figure takes into account direct costs such as tuition and fees, while also allowing students to receive aid for non-direct costs such as room & board, books, travel, and miscellaneous expenses. This amount forms the basis for the loan award.

Students attending graduate school or professional school can borrow up to $20,500 per year in direct unsubsidized loans. The aggregate (cumulative) loan limit is $138,500, including undergraduate debt (and no more than $65,500 in direct subsidized loans).

An Entrance Counseling Interview is required for any student wishing to receive a Federal Direct Loan. Please visit www.studentaid.gov to complete the Federal Direct Loan Entrance Counseling Interview.

In order for Federal Direct Loan funds to be disbursed to your SHU account, you will also need to complete a Master Promissory Note (MPN). Once you have accepted your loan award, you will receive a notification with instructions on how to complete the Federal Direct Loan MPN (which will also be completed through the www.studentaid.gov site).

The standard repayment term on the Federal Direct Loan is 10 years. However, students can select the extended or graduated repayment option which allows for a longer repayment period and lower monthly payments. Repayment of the loan will begin 6 months from the student’s last day of attendance of at least a half-time basis. Once again, additional information pertaining to loan repayment may be found at www.studentaid.gov.