Graduate Financial Aid & Scholarships

Financing Your Elon Graduate Education

Elon’s first financial aid policy is to provide an excellent graduate education at a reasonable cost. Many of our graduate students juggle school with professional and personal commitments, and Elon's Office of Financial Planning recognizes a graduate education is a serious investment. Our goal is to help you understand all of the financial resources that can make a graduate education affordable for you.

Please see individual program pages for additional information about financing the program of your interest: PA, DPT, M.A. Interactive Media, MBA, M.Ed., and School of Law.

Financial Aid

Federal Stafford Loan

The primary source of financial assistance for graduate students attending Elon University is the federal Stafford Student Loan Program. Students may borrow up to $20,500 annually through the Unsubsidized Stafford Loan program. Repayment of principal begins six months after graduation, or when the student is no longer enrolled at least half-time.

The fixed interest rate is set at 5.41 percent for Unsubsidized Stafford Loans. The Department of Education will withhold up to 1.051 percent in fees from the previous amount listed. Federal regulations require loan proceeds be disbursed in two equal amounts. Proceeds are applied directly to your tuition account.

For more information, visit the Office of Financial Planning website. First-time borrowers are required to complete student loan entrance counseling and a Master Promissory Note, which are available at www.studentloans.gov.

Federal PLUS Loan for Graduate Students

This loan is based on credit worthiness. The application and disbursement process is similar to that described for Stafford Loans. Principal can be deferred while you are enrolled, however interest will accrue. Repayment begins immediately after graduation or when you are no longer enrolled.

Borrowers may borrow up to the cost of education less any other financial aid awarded. The fixed interest rate is set at 6.41 percent. The Department of Education will withhold up to 4.204 percent in fees from your requested loan amount. Federal regulations require loan proceeds be disbursed in two equal amounts. Proceeds are applied directly to your tuition account.

For more information, visit the Office of Financial Planning website. First-time borrowers are required to complete student loan entrance counseling and a Master Promissory Note, which are available at www.studentloans.gov.

Private Alternative Loan Information and Process

These are long-term loans not based on need. Eligibility is determined based on credit worthiness and ability to pay. Lenders set their own repayment terms, interest rates, guarantee fees, etc. It is wise to compare several lenders to determine which ones are best suited to you. You may borrow up to the cost of education less any other financial need awarded.

Some of the more commonly used loan programs are listed on the Office of Financial Planning website. Obtain applications and get more specific information by directly contacting lenders.

Scholarships

Click the links below to learn more about specific program scholarships. If you have questions or would like more information, please email gradadm@elon.edu or call Graduate Admissions at (800) 334-8448 ext. 3 or 336-278-7600.

Physician Assistant Scholarships

Doctor of Physical Therapy Scholarships

Interactive Media Scholarships

School of Law Scholarships

Additionally, candidates for the DPT and PA programs who are North Carolina residents may wish to contact: Forgivable Education Loans for Service