Financing the M.Ed. Program

Elon’s summer cohort program is offered at a substantially reduced cost. Your cost for both years of study is fixed at the beginning of your first summer session. Elon also offers several options for dividing up your payments over the two-year period, and financial aid is available in the form of Stafford Loans.

Tuition for the Elon M.Ed. Program

The Elon Master of Education’s tuition is billed annually. The first year is $7750 and the second year is $5166.

Financial Aid Process

Planning to cover tuition, books, housing, meals, and miscellaneous expenses during graduate school requires advanced planning. Lynette Lorenzetti, Associate Director of Financial Aid for Graduate and Professional Programs, is available to provide you with information and options as you develop your financial plan. Feel free to contact her at 336-278-7640 or . She can assist you with overall planning.

How to Apply for Student Loans

If you intend to apply for the Federal Unsubsidized Loan for the upcoming academic year, we encourage you to submit your FAFSA at the time you apply for admission. For example, if you plan to enroll in 2026, you will fill out the 2026-2027 FAFSA. Go ahead and become familiar with loans by visiting the FAFSA website, where the current year’s application will be updated in early October.

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

Student Loan Programs

The Federal Unsubsidized Student Loan Program

The primary source of financial assistance for graduate 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 M.Ed. 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 information on how to obtain a Federal Student Loan, see How To Apply for Student Loans. First-time borrowers are required to complete student loan entrance counseling and a Master Promissory Note, which are available at studentaid.gov.

The Federal Graduate PLUS Loan Program

For students who need financial assistance beyond the $20,500 Unsubsidized Loan maximum, there is the federal Graduate PLUS Loan program. The PLUS Loan allows for the deferment of repayment while the student is enrolled in the M.Ed. program. Under current law, the fixed interest rate charged on Federal Grad PLUS 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.

The maximum amount a student may borrow from the PLUS Loan program will be Elon’s Cost of Attendance for the M.Ed. program, less any Unsubsidized Loans and other forms of financial aid a student may be receiving. Information about the Graduate PLUS Loan may be obtained from the Office of Financial Aid.

*Please note that the Graduate PLUS loans will only be available to new borrowers before July 1, 2026.

Private Loan Options

For students who need financial assistance beyond the $20,500 federal Unsubsidized Loan maximum, there are various private lender loan options.  These loans allow for the deferment of repayment while the student is enrolled in the M.Ed. program.  The maximum amount a student may borrow for any of the private loans options is the Estimated Cost of Attendance for the M.Ed. Program); less any federal Unsubsidized Loans and other forms of financial aid a student may be receiving.

You can find a listing of the most popular private loans our current students are using at the Fast Choice website. Be sure to look at the loans carefully as the lenders are free to set interest rates and repayment options individually so each one will be different.

Contact Information

 

 

Federal Teacher Loan Forgiveness Program

The Teacher Loan Forgiveness Program is intended to encourage individuals to enter and continue in the teaching profession. Under this program, if you teach full-time for five complete and consecutive academic years in certain elementary and secondary schools, and educational service agencies that serve low-income families, and meet other qualifications, you may be eligible for forgiveness of up to a combined total of $17,500 on your Direct Subsidized and Unsubsidized Loans, and your Subsidized and Unsubsidized Federal Stafford Loans. If you have PLUS loans only, you are not eligible for this type of forgiveness.

For eligibility requirements and more information, visit the Teacher Loan Forgiveness Program.