Tuition & Financial Aid

Financing the M.S. in Accounting

Reasonable Cost

One of the major benefits of the Elon M.S. in Accounting is the reasonable cost of tuition. The cost per credit hour is $1,514 for the 2026-2027 academic year. To assist, Elon offers a deferred payment plan through the Bursar’s Office. Students may also apply for federal student loans via the FAFSA.

The Student Loan Programs

If you intend to apply for any federal financing, we encourage you to submit your FAFSA at the time you apply for admission.

Federal Unsubsidized Loan

The primary source of financial assistance for physical therapy students attending Elon University is the Federal Unsubsidized Student Loan Program. Graduate students may borrow up to $20,500 through the Unsubsidized Loan program.

An unsubsidized loan is not awarded on the basis of need. The student is charged interest from the time the loan is disbursed until it is paid in full. If the interest is allowed to accumulate, it will be capitalized – that is, the interest will be added to the principal amount of the loan and will increase the amount the borrower will have to repay. If the choice is made to pay the interest as it accumulates, the total interest charges paid during repayment will be considerably less. The maximum unsubsidized loan for graduate and professional study is $20,500 per year.

The total amount a graduate or professional student may borrow from all loans combined is $100,000, not including undergraduate debt.

Under current law, the fixed interest rate charged on Federal Unsubsidized Loan is set each year by the Department of Education at the beginning of July. There are also small origination and guarantee fees associated with each loan these fees are deducted up front and thus lower the actual amount of each disbursement.

Repayment of the Unsubsidized Loan begins six months after graduation or withdrawal from the MSA Program. This is called the grace period. During the grace period on an Unsubsidized loan, no payment of any principal is due.

The Federal Unsubsidized Loan is disbursed in two payments: one at the start of the academic term and one at the midpoint of the term. The loan funds will be sent to the university in equal disbursements.

For more information, visit elon.edu/finaidborrow. First-time borrowers are required to complete student loan entrance counseling and a Master Promissory Note, which are available at studentloans.gov.

Federal Plus Loan for Graduate Students

*Please note, the Federal PLUS Loan will only be available to new borrowers before July 1, 2026

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. Under current law, the fixed interest rate charged on Graduate PLUS is set each year by the Department of Education at the beginning of July. There are also small origination and guarantee fees associated with each loan. These fees are deducted up front and thus lower the actual amount of each disbursement. Federal regulations require loan proceeds be disbursed in two equal amounts. Proceeds are applied directly to your tuition account.

Information about the Graduate PLUS Loan may be obtained from the Office of Financial Aid website. First-time borrowers are required to complete student loan entrance counseling and a Master Promissory Note, which are available at studentloans.gov.

How to Apply for Student Loans

Complete and submit to the Office of Financial Aid the Graduate Financial Aid Application in your student portal.
Complete and submit electronically the Free Application for Federal Student Aid (FAFSA). Elon’s Federal Title IV School Code is 002927.

For additional information, please contact Lynette Lorenzetti in Elon’s Office of Financial Aid at lorenzet@elon.edu, (336) 278-7640.