Penn State Great Valley graduate students are eligible for Direct Unsubsidized and Graduate Plus loans when they:
- Submit the Free Application for Federal Student Aid (FAFSA) each year by June 1 for the following academic year.
- Have formal acceptance to an eligible master's degree program.
- Register for and complete at least two 3-credit courses within a 14-week semester.
- Comply with Penn State's Satisfactory Academic Progress standard.
- Are a U.S. citizen or eligible non-citizen with a valid social security number.
- Comply with any identity verification requests.
- Remain in good standing on past educational loans per the National Student Loan Database System (NSLDS).
- Meet any other federal criteria listed at Federal Student Aid.
Students who are not eligible for federal loans may be eligible for a private alternative student loan. Search "private loans" on The Office of Student Aid website for information and applications.
Understand program costs before committing to a student loan. To estimate the total cost of a master’s degree:
- Use the Penn State Tuition and College Cost Estimator to project your annual cost before interest at the rate you plan to enroll. Multiply that times the number of years you need to complete your degree requirements.
- Use a loan repayment calculator such as the one at FinAid.org to estimate your cumulative program costs with interest and estimated monthly repayment amount.
For more assistance with managing program costs, visit Financial Literacy at Penn State.
Steps to a Graduate Student Loan at Penn State Great Valley
- Apply for a master’s degree program and accept your offer of admission.
- Submit a federal loan application (FAFSA).
- Set up your LionPATH account and enroll in classes. Accept your student loan and choose your semester loan amount.
- Monitor your LionPATH To Do List and Aid Summary until your loan is authorized/disbursed and your statement balance is zero.
- Complete all courses for which you received a loan.