Loan Programs

Student Loans

U.S. citizens and permanent residents are eligible for a variety of federal loan programs. All loans are processed through Tufts University Student Financial Services.

In addition to reviewing the information below, you can view additional information and complete details on the various loan programs on the Tufts University Student Financial Services website at: http://uss.tufts.edu/finaid/gradaid/

Federal Direct Stafford Loans

  • Students may borrow up to $20,500 per academic year
  • Interest accrues from the time of disbursement
  • Standard repayment is ten years
  • 6.8% fixed interest rate for the life of the loan
  • Students will be charged a 1% loan origination fee—this fee is subtracted from the amount borrowed
  • Repayment begins six months after graduation, or when students withdraw or drop less than half-time status

How to apply for Federal Loan programs:

GradPLUS Loan

  • Students may borrow up to the cost of attendance less any other financial aid
  • Students are required to apply for the maximum Federal Direct Loan first
  • Borrower must be a US citizen or permanent resident
  • 7.9% fixed interest rate determined by the federal government
  • Interest accrues from the time of disbursement
  • Students will be charged a 4% origination fee – this fee will be subtracted from the amount borrowed
  • The maximum repayment term is 10 years
  • Repayment begins 60 days after the loan is fully disbursed, but may be deferred while the student is enrolled at least half time

How to apply for GRADPLUS Loan: http://uss.tufts.edu/finaid/gradaid/GradPlus.asp

Federal Work Study (FWS)

  • Federally subsidized employment programs
  • Wages are paid through a combination of federal funds and the employer
  • Students may work on-campus or off-campus in community service jobs developed by the Tufts Student Employment Office

Alternative Private Loans

Several banks and private lenders offer educational loans for financing graduate school education. Most private lenders require a U.S. co-signer for international students. Detailed information on Alternative Private Loans can be found on the Tufts University Student Financial Services website at http://uss.tufts.edu/finaid/gradaid/AltLoans.asp.

Student Employment

In addition to teaching and research assistantships, various part-time jobs are available at The Fletcher School and Tufts University under regular student employment budgets and, for those who qualify, the Federal Work-Study (FWS) Program. Students with jobs typically work between 8-12 hours a week both on and off campus. International students with an F-1 visa may work up to 20 hours a week on campus. Students typically earn $8.00–$15.00 per hour depending on job responsibilities. More information on student employment can be found on the Tufts Student Employment Office website at http://uss.tufts.edu/stuemp/