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Graduate Students

Graduate students may apply for federal Direct Unsubsidized Loans by completing the Free Application for Federal Student Aid (FAFSA).

  • The preferred deadline for registration completion for Fall is July 15 and Spring Dec. 1.
  • The FAFSA must be filed for each academic year (July 1 to June 30).
  • Salve Regina's school code is 003411.
  • This application may be completed after Oct. 1. The FAFSA now requires two years prior year tax information. For example, for the 2019-2020 academic year, 2017 tax information is required. 
  • You must sign the FAFSA electronically using the FSA ID you create through the Department of Education website. Learn how to create an FSA ID.

Eligibility

To be eligible for financial aid at Salve Regina, graduate students must:

  • Be a citizen or legal resident of the United States.
  • Be enrolled at least half-time (three credits per semester) and be accepted as a candidate in a degree- or certificate-granting program at the University (conditionally accepted students are eligible for a maximum of two semesters).
  • Make satisfactory progress toward the completion of the course of study.
  • Not be in default on federal loans.
  • Not owe a refund on a federal grant.
  • Maintain satisfactory academic progress (see student handbook and details below).

Additional Required Documents

In addition to the annual FAFSA, the following documents are required:

After Your Financial Aid File is Complete

Graduate students must be enrolled at least half time (enrolled in at least three credits) each semester to be eligible for federal financial aid. Doctoral candidates enrolled in the dissertation research and writing course qualify as at least half time.

If you are less than half time for any semester, or not registered for a given semester, you are considered to be on a leave of absence and your grace period for your loans begins after your last date of attendance.

Satisfactory Academic Progress

A cumulative GPA of 3.0 is required for a graduate degree or certificate. Students whose cumulative GPA falls below 3.0 in any given semester are considered to be on academic probation for the following semester. In order to be eligible for federal loans during this period, students must send a letter of appeal to the director of financial aid to request consideration to receive a probationary semester of financial aid. If approved, students will receive one additional semester of loans if they meet the other qualifications.

Loan Amounts

Salve Regina University encourages responsible borrowing and financial literacy and awareness. 
Beginning in Spring of 2020, loan amounts are calculated as follows:

  • Tuition charges for current semester (or term) calculated per credits enrolled plus registration fee.
  • If graduate students need additional loan funds to cover books and/or would like supplemental living expenses, you will need to let us know in writing by completing a graduate student loan change form on our website. The suggested amount for books is $100 per course and $1,500 per course for living expenses with a maximum of $4,500 per regular semester, if needed. For summer courses, the suggested living expense amount would be $500 per course if needed. We suggest only using the additional loan funds if you cannot cover other program costs such as books, travel, other graduate program related expenses, as this increases your overall total loan debt needed to be repaid once you finish your program.

Please keep in mind that the maximum total amount a graduate student can borrow under the Federal Direct Loan program for an Unsubsidized Loan is $10,250 per semester ($20,500 per academic year.) This includes ALL summer sessions as well.

Students also need to be aware of the aggregate lifetime Federal Direct Loan Limit for graduate students, which is $138,500. If you have unpaid loans from undergraduate degrees and/or other graduate programs, you may check the status and totals of your Federal loans at nslds.ed.gov.

If you wish to decline or reduce any part of your loan, you must complete the graduate student loan change form or you many notify your counselor in writing from your Salve Regina email address, and we will adjust your loan accordingly. If you wish to only receive loans for tuition and fees each semester during your graduate program, you may notify us in writing, and we will process your loans based on this request each semester until we are further notified.

Students may not borrow a graduate PLUS loan until they have met their limit for federal Direct Unsubsidized Loan limits each semester.

Once you have reached your maximum eligibility for the Federal Direct Loan each year, you may go to www.studentloans.gov to complete the Grad PLUS application, MPN and Entrance Counseling forms for the Graduate PLUS Loan if you wish to borrow additional funds.