Financial Aid
Graduate Student Loans (Federal & Private) and Work Opportunities

Graduate students are eligible to apply for federal financial aid coordinated by the Alfred University Student Financial Aid Office. The following programs are available:

Federal Direct Loan (FDL) -- Unsubsidized

Federal Direct Graduate PLUS Loan

Federal Perkins Loan

Private Education Loans

Federal College Work-Study Program (CWS)

Federal Perkins Loan
Source: Federal Government/Alfred University
Awarded by: Alfred University

The Perkins Loan is a federal loan program available to matriculated undergraduate and graduate students with financial need who are U.S. citizens or permanent residents carrying at least six credits per semester. Interest and principal repayment begins nine months after the student ceases to be enrolled at least half-time. The interest rate on the Perkins Loan is 5%, and repayment may extend up to ten years, depending on the amount borrowed. Including undergraduate Perkins Loans, students may borrow up to $40,000 for graduate study.

Funds are limited and awarded first to students demonstrating the greatest financial need. Generally, only full-time graduate students not receiving assistantships during the year will be considered for the Perkins Loan. The average award at Alfred University is $1,000 per academic year.

To apply, students must complete the Free Application for Federal Student Aid.

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Federal College Work-Study Program (CWS)
Graduate students who demonstrate financial need and who are U.S. citizens or permanent residents are eligible to participate in the Work-Study Program.

Administered by the Student Financial Aid Office, annual awards are based on financial need. The average award is $1,000. CWS employees work 5-12 hours per week during the academic year at minimum wage. As funds are limited, generally only full-time graduate students not receiving assistantships during the year will be considered for the Work-Study Program.

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Explore other topics: Contact Us:

Alfred University
Student Financial Aid Office
Alumni Hall
1 Saxon Drive
Alfred, NY 14802

Ph: 607.871.2159
Fx: 607.871.2252

Hours: 8:30 to 4:30 M-F

Staff Contact Information