Currently, the best option for graduate students seeking financial assistance to enroll in Master of Public Administration courses is the FEDERAL STAFFORD LOAN program. There are two types of Stafford loans. The Federal Subsidized Stafford Loan is awarded on the basis of financial need. You will not be charged any interest before you begin repayment or during authorized periods of deferment. The federal government "subsidizes", or pays the interest during these periods. This loan must be repaid.
The Federal Unsubsidized Stafford Loan is not need based, and it must be repaid as well. You will be charged interest from the time the loan is disbursed until it is paid in full. If you allow the interest to accumulate it will be capitalized, which means the interest will be added to the principle and future interest will be based upon the higher amount. This will increase the amount you have to repay tremendously.
To apply for Federal Financial Aid, students must complete a Free Application for Federal Student Aid (FAFSA). Electronic versions of FAFSA are available.
The MPA Program itself has only two other sources of financial aid. The first is graduate assistantships. The second is the Gwen Y. Wood Memorial Book Scholarship. This scholarship is awarded each semester to a currently enrolled MPA student to assist in covering the cost of books. The scholarship is awarded primarily based on academic performance, with need being a secondary consideration.
For more information about applying for federal education financing loans, contact the Office of Student Financial Aid of Augusta State University at 706-737-1431. For answers to additional questions, see the ASU Financial Aid web page.