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college of
Mount Saint Vincent
Office of financial aid
An Introduction to
Graduate Financial Aid
What is Financial Aid?
Resources provided to assist paying for education expenses
â–ş Federal Loans
â–ş Student Unsubsidized Direct Loan (guaranteed)
â–ş Graduate PLUS Loan (credit-check required)
â–ş Private Loans
â–ş Usually require a credit-worthy co-signer
â–ş www.elmselect.com for list of loan providers
How Do I Apply?
â–ş Free Application for Federal Student Aid - FAFSA
â–ş Completed at fafsa.ed.gov (Every Year!)
â–ş A Federal Student Aid (FSA) ID is needed in order to
complete the FAFSA
â–ş Completed at fsaid.ed.gov - use the one you already
have from filing FAFSA for undergraduate studies
â–ş Mount Saint Vincent School Code - 002703
â–ş You need your taxes from two years prior
What Information do I Need to
Know for the FAFSA?
► Make sure your year in school and degree is “1st year
Graduate/Professional” and “Graduate/Professional”
â–ş This will cause you to become Independent, and you
will be prompted to answer additional questions
► Go to “Add School” and add 002703, then submit the
FAFSA again. It will take 3 - 5 days to get to us
The FAFSA – School
Selection
What Are the Next Steps?
Once we have received your FAFSA, your financial aid
package will be assembled, and you will receive an email that
it is ready for you to accept.
â–ş Log into Banner Self-Service to accept your loan, either in
part or in full
â–ş Studentaid.gov (log in with your FSA ID)
â–ş Complete the Graduate subsidized/unsubsidized Loan
Counseling (or Grad PLUS)
â–ş Complete the Graduate Master Promissory Note
Previous Loans
Often, students have loans which they accepted for previous
educational expenses. In order to qualify for the federal
graduate loans, those must be “in good standing”.
â–ş Your previous loan/s may not be in default. If it is, contact
the loan provider and work out a payment plan with them.
â–ş They will then issue you a letter that indicates you are
no longer in default.
â–ş Forward the letter to the financial aid office so that your
loan can be disbursed.
Payment Plan
â–ş Payment plan - www.mountsaintvincent.afford.com
â–ş Set up each semester
â–ş Based on the number of months in the semester
â–ş Cost $32
THANK YOU !
Still Have Questions?
Contact Your
Financial Aid Officer
➤ Na’ama Rosenberg: 718-405-3271
➤ Financialaid.cite@mountsaintvincent.edu
â–ş Always include your student ID!

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CITE / MSV Financial Aid Fall 2020

  • 1. college of Mount Saint Vincent Office of financial aid An Introduction to Graduate Financial Aid
  • 2. What is Financial Aid? Resources provided to assist paying for education expenses â–ş Federal Loans â–ş Student Unsubsidized Direct Loan (guaranteed) â–ş Graduate PLUS Loan (credit-check required) â–ş Private Loans â–ş Usually require a credit-worthy co-signer â–ş www.elmselect.com for list of loan providers
  • 3. How Do I Apply? â–ş Free Application for Federal Student Aid - FAFSA â–ş Completed at fafsa.ed.gov (Every Year!) â–ş A Federal Student Aid (FSA) ID is needed in order to complete the FAFSA â–ş Completed at fsaid.ed.gov - use the one you already have from filing FAFSA for undergraduate studies â–ş Mount Saint Vincent School Code - 002703 â–ş You need your taxes from two years prior
  • 4. What Information do I Need to Know for the FAFSA? â–ş Make sure your year in school and degree is “1st year Graduate/Professional” and “Graduate/Professional” â–ş This will cause you to become Independent, and you will be prompted to answer additional questions â–ş Go to “Add School” and add 002703, then submit the FAFSA again. It will take 3 - 5 days to get to us
  • 5. The FAFSA – School Selection
  • 6. What Are the Next Steps? Once we have received your FAFSA, your financial aid package will be assembled, and you will receive an email that it is ready for you to accept. â–ş Log into Banner Self-Service to accept your loan, either in part or in full â–ş Studentaid.gov (log in with your FSA ID) â–ş Complete the Graduate subsidized/unsubsidized Loan Counseling (or Grad PLUS) â–ş Complete the Graduate Master Promissory Note
  • 7. Previous Loans Often, students have loans which they accepted for previous educational expenses. In order to qualify for the federal graduate loans, those must be “in good standing”. â–ş Your previous loan/s may not be in default. If it is, contact the loan provider and work out a payment plan with them. â–ş They will then issue you a letter that indicates you are no longer in default. â–ş Forward the letter to the financial aid office so that your loan can be disbursed.
  • 8. Payment Plan â–ş Payment plan - www.mountsaintvincent.afford.com â–ş Set up each semester â–ş Based on the number of months in the semester â–ş Cost $32
  • 9. THANK YOU ! Still Have Questions? Contact Your Financial Aid Officer ➤ Na’ama Rosenberg: 718-405-3271 ➤ Financialaid.cite@mountsaintvincent.edu â–ş Always include your student ID!