Financial Aid information for students at the CITE / College of Mount St. Vincent Master's Program in education.

1. collegeof
Mount Saint Vincent
Office of financial aid
Graduate Financial Aid
for CITE Students

2. Types of Financial Aid
► Federal Loans
► Student Unsubsidized Direct Loan (guaranteed)
Interest Rates:6.54%
 Graduate Plus Loan: Based on credit
Interest Rates 7.54%
► Private Loans
► www.fastproducts.org/choice/cmsv

3. Applying for a loan
► When borrowing only for tuition, add $50 for
Origination Fee
► Please file the 22/23 FAFSA for a loan to cover
Summer, Fall, and Spring 2023. It will be for
$20,500 (Disbursed in 3 portions)
► 22/23 FAFSA for Summer, the following Fall
and Spring

4. 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”
► You must fill in your High School/GED
information

5. What Are the Next Steps?
► Log into Banner Self-Service to accept your loan,
either in part or in full.
► Go to Studentaid.gov (log in with your FSA ID)
► Complete the Graduate subsidized/unsubsidized
Loan Entrance Counseling (Direct Loan, NOT Plus)
► Complete the Graduate Master Promissory Note

6. Studentaid.gov

7. Studentaid.gov

8. Studentaid.gov

9. 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”.
► Your previous loan/s may not be in default. If it is, contact
the loan provider and work out a payment plan with them.
► They will then issue you a letter that indicates you are
no longer in default.
► Forward the letter to the financial aid office so that your
loan can be disbursed.
► There is a lifetime borrowing limit for Federal loans.

10. Payments and
Tuition Liability
► Payment plan - www.mountsaintvincent.afford.com
► Set up each semester, after your first semester
► Cost $32
► Once classes begin, there will be no refunds for
tuition paid
► Bills will be emailed to your CMSV account
► Payments in full can be made on self-service (no fee)

11. Still Have Questions?
Financial Aid
Roxanne.Shannon@mountsaintvincent.edu
Student Accounts
Mikaela.Blanchard@mountsaintvincent.edu
► Always include your student ID!
THANK YOU !