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Graduate school can be challenging enough without
worrying about making ends meet. The MA Program offers several options
to help students along financially.
Departmental Scholarships
All full-time MA students receive a departmental scholarship
that is applied directly to tuition costs. The scholarship amounts
to about a one-third reduction in tuition and is split between the
fall and spring semesters.
Research Assistantships
Full-time MA students are eligible to apply for a
research assistant position. Students work with faculty members
on a wide array of assignments designed to supplement their coursework
and to give them valuable professional experience.
Loans for Graduate Students
In addition to the options listed above, Federal Stafford
Loans are available to help graduate students meet their financial
needs. There are two types of Federal Stafford Loans: subsidized
and unsubsidized. Subsidized loans are based on financial need.
Unsubsidized loans are awarded regardless of student or family income.
Subsidized Federal Stafford Loan: Students may borrow
$8,500 maximum, annually. Interest payments do not begin accruing
until after graduation.
Unsubsidized Federal Stafford Loan: Students may borrow
$10,000 maximum, annually. Interest begins accruing when the loan
is awarded. Interest may be paid while the student is in school
or deferred until after graduation.
Federal Stafford Loans are made by a lender such as
a bank, credit union, or savings and loan association. The Financial
Aid Office recommends borrowing through the Pennsylvania Higher
Education Assistance Agency (PHEAA) to avoid delays in loan processing
and disbursements.
Payment Options
Carnegie Mellon provides a tuition payment service,
TMS, which allows you to pay academic year
expenses in interest-free monthly installments. The only cost is
a $45 application fee. If you have any questions or need additional
information on payment options through TMS, please contact
the HUB at (412) 268-8186.
Part-time Enrollment
Some students choose to enroll part-time in the MA
program, which allows them to work and pursue their degrees at the
same time. However, because most of the core courses are offered
during the day, part-timers must be able to arrange their work schedules
to allow for flexibility.
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