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APPLYING FOR FINANCIAL
AID
Applying for Financial Aid
An application for financial aid will generally come either as part of
you application packet or in a separate mailing from a campus financial
aid office. You may have to apply separately for fellowships and for
loans. Some institutions have their own forms that you submit directly
to them, and some forms that go to some central processing agency.
Read financial aid materials carefully to make sure you meet deadlines
and provide all relevant information.
File documents on time. When aid money is limited, institutions tend to
use deadlines as a way of limiting the pool of applicants. Make copies
of everything that you send in, and you might go so far as to get post
office receipts for you mailings if the deadline is a postmark date.
Many grant and scholarship applications must be completed in the fall.
Planning ahead is key.
The major forms of financial support have already been described. You
should find out as much as you can from the department to which you are
applying about their patterns of funding graduate students.
Professional degree programs generally are more oriented toward loans,
with the argument being that you will increase your earning power in a
relatively short time and be in a good position to pay back the money.
For Ph.D. programs, there is a much stronger commitment to fund students
through institutional resources. You should apply for all departmental
and institutional resources that are available to you.
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Accepting Offers of
Financial Assistance
The outcome of you application process may involve offers of financial
support by an institution or perhaps more than one institution. If you
have more than one offer, your decision-making could be difficult.
There are many factors to weigh. To ensure that applicants have the
time to make their decisions, the member institutions of the Council of
Graduate Schools agree that there should be clear-cut guidelines to
offers of financial assistance.
To that end, members of the CGS have signed a resolution regarding the
offer and acceptance of financial support for graduate school (see
below).
Some 400 member schools of CGS have signed this resolution. For an
up-to-date listing, please visit the web site at
http://www.cgsnet.org/PublicationsPolicyRes/resolutions.htm or call
the Council of Graduate Schools at (202) 223-3791.
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Council of Graduate
Schools Resolution Regarding Graduate Scholars, Fellows, Trainees, and
Assistants
Acceptance of an offer of financial support (such as a graduate
scholarship, fellowship, traineeship, or assistantship) for the next
academic year by a prospective or enrolled graduate student completes an
agreement that both student and graduate school expect to honor. In
that context, the conditions affecting such offers and their acceptance
must be defined carefully and understood by all parties.
Students are under no obligation to respond to offers of financial
support prior to April 15; earlier deadlines for acceptance of such
offers violate the intent of this Resolution. In those instances in
which a student accepts an offer before April 15 and subsequently
desires to withdraw that acceptance, the student may submit in writing a
resignation of the appointment at any time through April 15. However,
an acceptance given or left in force after April 15 commits the student
not to accept another offer without first obtaining a written release
from the institution to which a commitment has been made. Similarly, an
offer by an institution after April 15 is conditional on presentation by
the student of the written release from any other previously accepted
offer. It is further agreed by the institutions and organizations
subscribing to this Resolution, that a copy of this Resolution should
accompany every scholarship, fellowship, traineeship, and assistantship
offer.
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The Outcome
As you complete the application process, keep track of the status of
your applications, financial aid materials, and recommendations.
Successful applicants maintain detailed records of the progress of each
application. They regularly compare their progress with the timeline
that they have constructed.
If you have chosen your programs carefully, if your academic record
indicates that you have intellectual potential, if your faculty
recommences speak well to your intellectual capability, motivation, and
self-discipline to do advanced work, then letters of admission will
likely be forthcoming. When you have made your final decision to
enroll, you are ready to embark on the path to a new career and greater
freedom to make your own choices and pursue your own interests. Good
luck!
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Caring for Yourself
While in Graduate School
Graduate school can be filled with very intensive coursework and study.
Even if graduate school is their sole preoccupation, graduate students
face many pressures; and there are even more demands on time and thought
for those graduate students with families and jobs. Classes, research,
writing, and expectations of faculty and peers are just a few of the
forces that weigh on a graduate student’s shoulders-none of these keeps
the pressures of everyday living at bay. So while you are in graduate
school, it is essential for you to care for your physical, emotional,
and mental well-being, and this will help you manage the stress that you
might encounter along the way.
Graduate school faculty and administrators would recommend that you keep
balance in your life while you are engaged in graduate study. Keep your
perspective by managing your time wisely, getting the proper rest and
exercise, and eating in a healthy way. All colleges and universities
also offer counseling services for students at little to no cost. Be
aware of these services, which can give you the necessary-and
private-outlet to discuss things if you are feeling overwhelmed. All
counseling is confidential.
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