FEDERAL DIRECT STUDENT LOAN
A Centenary graduate student may borrow under the Federal Direct Unsubsidized Student Loan Program. Centenary does not participate in the Graduate PLUS Loan Program, because the Federal Direct Loan limits are enough to cover the cost of attendance.
FEDERAL TEACH GRANT
MAT students are also eligible to apply for the Federal TEACH Grant. Congress created the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program which provides grants of up to $4,000 per year to students who enroll in a degree program that prepares the student to be a highly qualified teacher in a high-need field. For this reason, only students enrolled in Centenary's MAT Program will be considered.
In exchange for receiving a TEACH Grant, a student must agree to serve as a full-time teacher in a high-need field in a public or private elementary or secondary school that serves low-income students. As a recipient of a TEACH Grant, a student must teach for at least four academic years within eight calendar years of completing the program of study for which he/she received a TEACH Grant. If the student fails to complete this service obligation, all amounts of TEACH Grants that the student received will be converted to a Federal Direct Unsubsidized Student Loan which must be repaid to the U.S. Department of Education. The student will be charged interest from the date the grant(s) was first disbursed.
The Federal TEACH Grant will only be awarded to students who specifically request the grant, complete the TEACH entrance counseling and ‘ability-to-serve’ certification and file the Free Application for Federal Student Aid (FAFSA).
After the student initiates the admissions process, the Free Application for Federal Student Aid (FAFSA) should be filed. Centenary's FAFSA code is 002003. Once their FAFSA has been processed, students should contact the Financial Aid Office to discuss their borrowing needs.
You may also use your Veterans benefits, if eligible.
2015-16 Graduate Fees
|Master of Arts in Teaching: $800 per course|
|Student Teaching Fee: $240|
|Master of Business Administration: $1,425 per course|