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Oklahoma State University

Federal Student Aid Programs for Graduate Students

 Type of Aid

Program Details

 Teacher Education Assistance for College and Higher Education (TEACH) Grant

  • For students who are/will be taking coursework necessary to become elementary or secondary teachers
  • Must agree to serve, for a minimum of four years (within eight years of completing academic program), as a full-time teacher in a high-need field in a school that serves low-income students
  • Must meet certain academic achievement requirements
  • Failure to complete the teaching service commitment will result in the grant funds being converted to a Federal Direct Unsubsidized Stafford Loan that must be repaid

 Federal Work-Study

  • Limited funds
  • Awarded to students who demonstrate financial need
  • Provides opportunity for student to earn funds through working, over the course of a semester
  • Must be enrolled in at least 1 credit hour each semester

 Federal Perkins Loan

  • Limited funds
  • Awarded to students who demonstrate a certain level of financial need, based on the Expected Family Contribution (EFC)
  • OSU is the lender
  • No interest in school, during grace period, or deferment period
  • Fixed interest rate of 5% in repayment
  • Must be enrolled in at least 1 credit hour each semester

 Direct Unsubsidized Stafford Loan

  • Must be at least a half-time student (4+ hours) each semester (summer requirements are 2+ hours)
  • Interest accrues during school, during grace period, and deferment period
  • Fixed interest rate (rates may be different depending on the academic year)
  • The U.S. government is the lender

 Graduate PLUS Loan

  • Must be at least a half-time student (4+ hours) each semester (summer requirements are 2+ hours)
  • Subsidized/Unsubsidized Loan eligibility must be exhausted
  • Interest accrues from the time the loan is disbursed
  • Fixed interest rate during repayment (rates may be different depending on the academic year)
  • Must not have negative credit history
  • The U.S. government is the lender