The basic tuition rate for all courses in Graduate Education at Georgetown College for Summer 2013 is $425 per semester hour.Â Â The followingÂ fees may apply:
$25/credit hour online fee
Field (LBD only, applies to ECE 575A, B, and 576):Â $130-180
The Office of Student Financial Planning coordinates all student aid programs for graduate students at Georgetown College. Please review the information below and contact us if you have questions.
File a FAFSA (required for all programs except Traineeship)
- The FAFSA (Free Application for Federal Student Aid) is a form used by the U.S. Department of Education to determine a studentâ€™s eligibility for aid. It collects a variety of information about your/your familyâ€™s finances.
- File the FAFSA online at fafsa.ed.gov. To have your FAFSA results sent to Georgetown College, enter our school code (001964) in the school section.
- The FAFSA must be filed annually and can be filed after January 1 each year.
- In order to get your funds as soon as possible and avoid service charges on your student account, we strongly recommend that you file the FAFSA at least a month prior to enrolling.
- The FAFSA you file will be valid for the Fall, Spring, and Summer terms.
- The form must be filed to determine your eligibility for the following programs: the Stafford Loan, the Federal TEACH Grant, and the Kentucky Teacher Scholarship.
Determine the programs for which you want and are eligible to apply.
Federal TEACH Grant
- The TEACH Grant (Teacher Education Assistance for College and Higher Education Grants) is issued by the U.S. Department of Education.
- A degree seeking graduate student can receive the maximum of $2,000 per semester, $8,000 maximum total.
- You must file a FAFSA as your initial application step, although the grant is not need-based.
- Students are required to teach in high need subjects at schools serving low income students. If all requirements are not met, this grant will become a loan. Read more about the program at studentaid.ed.gov.
- Potential recipients must complete these steps:
- File a FAFSA at fafsa.ed.gov.
- Contact Student Financial Planning so that we can create a TEACH Grant record with the Department of Education at least 3-4 weeks prior to the beginning of the term.
- Complete an Entrance Interview at mappingyourfuture.org.
- Complete an Agreement to Serve at teach-ats.gov.
- The Agreement to Service and Entrance Counseling must be completed once per award year.
Northern Kentucky Traineeship
- This program provides federal professional development funds to assist certified regular education teachers in obtaining certification in an area of special education. Also, the program can assist special educators in obtaining special education certification in an area not previously completed.
- To view program requirements and to download an application (which you must mail back), go to traineeship.nku.edu.
- Communications about this program and funding decisions come directly from the Northern Kentucky University Traineeship office.
- The FAFSA is not required to determine your eligibility for this program.
- The Traineeship program pays $300 per credit hour for approved courses.
- Students must apply every semester: for the fall semester by 7/1/09; spring semester by 11/1/09; and summer semester by 4/1/10.
- For questions about this program, e-mail email@example.com.
Federal Direct Loan (Stafford Loan)
- Federal Direct loans are fixed-rate student loans (6.8%) for graduate students attending a college or university at least half time.
- Students must enroll for at least 3 hours per term to receive a Direct Loan.
- Students can receive a loan totaling up to the cost of education. The cost of education includes both direct costs (your tuition and fees) and indirect costs (general allowances for housing, meals, etc.). As an example, a student taking 6 hours in one term can receive aid from all sources totaling approximately $7,900â€”which includes about $2,000 in direct costs.
A 0.5% origination fee will be deducted by the Department of Education for any amount that you borrow.
- The annual limit is $20,500 ($8,500 Subsidized/$12,000 Unsubsidized) and the lifetime limit is $138,500. Up to $65,000 may be Subsidized.
- Subsidized Direct Loans are awarded to graduate students based on financial need. You will not be charged interest before you begin repayment or during periods of deferment. The federal government “subsidizes” the interest during these times.
- Unsubsidized Direct Loans are not awarded based on financial need. Any eligible graduate student can borrow an Unsubsidized Direct Loan. You will be charged interest from the time the loan is disbursed, to the time the loan is repaid in full.
- Payments are generally made over the course of ten years. For more repayment information, visit http://www2.ed.gov/offices/OSFAP/DirectLoan/student.html
- To apply for a Direct Loan:
- File the FAFSA for the relevant academic year at least 3-4 weeks prior to the semester beginning.
Register for your coursework. See Graduate Calendar for dates.
- Contact Student Financial Planning to let us know about your intent to borrow funds.
- For new borrowers only:
- Step One: Complete Your Entrance Interview
- Go to www.studentloans.gov
- Sign in using your personal information, including your Personal Identification Number (PIN) from the Department of Education. The PIN you will use is the same as your FAFSA PIN.
- Click on â€śComplete Entrance Counselingâ€ť in the left column and follow the necessary steps until you reach the end of the process.
- Step Two: Complete Your Master Promissory Note
- Assuming you are already signed in on the www.studentloans.gov site, click on â€śSign Master Promissory Noteâ€ť in the left column.
- Select â€śSign Master Promissory Noteâ€ť in the left column.
- Select the type of loan (Subsidized/Unsubsidized).
- Provide your personal information as instructed.
- Select â€śKentuckyâ€ť as the School State under drop down box.
- Select â€śGeorgetown Collegeâ€ť as the School Name under the next drop down box.
- Provide reference information.
- Review Terms and Conditions, electronically sign and submit MPN.
- After GC Student Financial Planning has all of your information on fileâ€”including your individual request for fundsâ€”we will mail you an award letter. You can sign the paper version and return to us or sign electronically at my.georgetowncollege.edu .
Best in Class
Best in Class, a loan forgiveness program sponsored by The Student Loan People, was eliminated in May 2008. However, there are federal loan forgiveness programs. For more information, go to studentaid.ed.gov/LoanForgivenessForTeachers.
Students are required to inform Georgetown College of other aid such as Veteranâ€™s Benefits, school district reimbursements, etc., they are receiving. We are required to consider these payments when determining how much aid a student can receive.Â See link forÂ Deadlines.
For additional information, please contact Lynn Mayo, Office Student Financial Planning
400 East College Street
Georgetown, KY 40324
Phone: (502) 863-8027
Fax: (502) 868-7733
Office Hours: Monday-Friday, 8:00 to 5:00 (Eastern Time)
Office Location: Giddings Hall,Â 1st Floor