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2012-13 Federal Financial Aid Update

Subsidized Stafford Loans for Graduate Students

Graduate/professional students with demonstrated financial need have been able to borrow up to $8,500 per year in loans for which the federal government paid the 6.8% interest until 6 months after the student separated from the institution. Regardless of need, these students also could borrow up to $20,500 less the subsidized loan amount per year, with amounts higher for clinical psychology ($31,000) and medical students ($40,500). Subsidized loans have been eliminated for loan periods beginning on or after 7/1/2012 but graduate students can continue to borrow the full amount through the unsubsidized loan program. 5,488 graduate/professional students borrowed $132,937,793 in 2010-11 and 37% of that ($49.5 million) was in subsidized loan. The cost of the lost subsidy is about $578 per year for every $8,500 borrowed.
For more information, contact the Office of Financial Aid (

NOTE: If you have Stafford or other needs-based loans/aid, the amount of your fellowship award may cause a reduction of your loan(s) or other financial aid. You still may wish to consider the fellowship as this will reduce your total loan debt at graduation. Please seek advice from your Office of Financial Aid counselor before you turn down a fellowship. However, if the award is for travel or research support, please provide a copy of meeting registration form, airline ticket price, hotel costs, etc. The Graduate School will forward these to the Office of Financial Aid as an indication that The Graduate School funds should not be subtracted from your loan/aid amount. However, final decisions are made on a case-by-case basis by the Office of Financial Aid following guidelines provided by the federal government.

Resources for Writing Fellowship Proposals

Financial Wellness Counseling is now available to Grad Students at Olin Student Health Center. Appointments are limited. First come, first served. Couples welcome. Call (517) 884-6565 or e-mail to schedule an appointment.

Planning Your Budget

Graduate School Fellowships

Finding External Fellowships

Community of Science Electronic Resources

Funding Opportunities Database
The COS Funding Opportunities database is the most comprehensive source of funding information available on the web, with more than 23,000 records, representing over 400,000 funding opportunities, worth over $33 billion.


Graduate School Funding Opportunities

Michigan State University Funding Resources

Other Funding Resources

Graduate Office Fellowship Funds

Approximately $2.1 million in Graduate Office Fellowship (GOF) funds are available through the thirteen colleges with graduate programs. The Associate Dean for Graduate Education of each college decides how these funds are dispersed. A number of different models are used. Ask your Associate Dean how these are dispersed in your college!

The Graduate School Dissertation Completion Fellowships

Twenty fellowships are available annually to allow students to devote full time to writing the dissertation with the goal that the dissertation will be completed during the tenure of the fellowship. Other MSU financial support, held simultaneously with the fellowship, cannot exceed a one-quarter time assistantship or the equivalent.

Selection of fellowship winners will be made by a student's college. The colleges will set the conditions and application procedures for the Graduate School Dissertation Fellowships and will notify the Graduate School of the winners. The Fellowship awards will be dispensed by the Graduate School. Students should contact the associate dean's office of their college to find out their college's procedure.

Last Modified: 4/18/2014

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