Financing Your Graduate Education

Advancing your education is an important step to take in your pursuit of career success and security. At Rhodes, we strive to make graduate education affordable for all students.  

Program Scholarship

Every student admitted student to the Master of Arts in Urban Education program will receive a $10,000 scholarship to offset the cost of the program. There is no separate application process for the scholarship and students will be notified of this award in their acceptance letter.

Federal and Private Loans

Federal Direct Unsubsidized Loan
Students seeking federal loan funds must complete the 2018-2019 and the 2019-2020 Free Application for Federal Student Aid at www.FAFSA.gov. Eligible students may borrow up to $20,500 from the Federal Direct Unsubsidized Loan program each year. You are responsible for the interest from the time the unsubsidized loan is disbursed until it's repaid in full. You can choose to pay the interest during periods of enrollment and the grace period or allow it to accrue (accumulate) and capitalize (that is, added to the principal amount of your loan). Capitalizing the interest will increase the amount you will have to repay over the life of the loan. You can find out more about all this federal program at www.studentloans.gov.
 

Federal Direct Graduate PLUS Loan
In addition to the Federal Direct Unsubsidized Loan program, students can borrow additional federal funds through the credit based Federal Direct Graduate PLUS Loan. Please proceed to the U.S. Department of Education's website, www.studentloans.gov, to complete the three steps: 1) Federal Direct Graduate PLUS Loan Master Promissory Note, 2) PLUS Request Process and 3) Entrance Counseling. You will need your FSA ID in order to log in to the website. Please make sure that you complete all forms using your legal name and the same name used on your Free Application for Federal Student Aid (FAFSA). You can find out more about all this federal program at www.studentloans.gov.
 

Private Educational Loans
Careful consideration should be given when making any borrowing decision. We recommend that you examine all other options before pursuing private loan options, as these loans may be more expensive than other options listed above. Numerous lending institutions offer private educational loans, which may be combined with federal loans, up to the cost of attendance. To review information about private educational loan products which our students have used over the past five (5) years and advice related to private borrowing, please review our Historical Lender List for Private Educational Loans.

Please note that all private educational loans that are not certified by Rhodes must be reported to our office so that we may account for that funding in the financial aid package. This is per U.S. Department of Education guidance.

Financial Hardship

Financial Hardship funds are available to M.A. in Urban Education students experiencing hardship due to unforeseen financial difficulties. Students can request additional funds for tuition, course fees, and/or on-campus room and board expenses to support their pursuit of a graduate education at Rhodes College. Decisions regarding disbursement of funds are made on a case-by-case basis and do not require repayment.

Eligibility
To be considered for financial hardship funding, students must meet the following eligibility criteria:

  • Student must have confirmed their enrollment in the M.A. in Urban Education program for the upcoming term.
  • Student must be able to demonstrate financial hardship and willing to provide any and all requested documentation
  • Other possible financial resources must have been considered and deemed insufficient or not available in a timely manner.

Examples of situations in which students are eligible for financial hardship funds:

  • Students with dependent children or other family members
  • Students with significant debt burdens
  • Students with limited resources who are not eligible for loans

Students can submit an application for Financial Hardship Funds. All applications will be reviewed to determine eligibility.