Students must complete the Free Application for Federal Student Aid (FAFSA) to be considered for Federal Financial Aid. Due to the Budget Control Act of 2011, graduate students are eligible for unsubsidized Federal Direct loan funds and depending on funding may be eligible for Federal Work-Study. Federal loans, administered by the Castleton Financial Aid staff, are intended to assist qualified students who are unable to meet their entire Castleton graduate education expenses with their own resources. Your enrollment status must be at least half-time (3 credits) each semester/term. For students enrolled for 3 credits, loan eligibility is limited to tuition and fees.
The VSCS Policy 111 states that: full-time enrollment for graduates is 6 credits and half-time enrollment is 3 credits.
A graduate (in a matriculated or non-matriculated graduate program) student’s enrollment status is reported on a monthly basis. A student is reported as full-time if enrolled for 6 credits (per semester), and half-time if enrolled for 3 credits.
If a student is reported as enrolled at least half-time her/his federal student loans will go into deferment. Students are not required to make loan payments while in deferment but may continue to make payments if they choose to. She/he would need to contact their federal student loan servicer. This would need to be done every month as enrollment is reported each month.
Graduate students may be eligible to borrow up to $20,500 in an unsubsidized Federal Direct Loan. The aggregate loan limit, which includes loans borrowed as an undergraduate student, is $138,500, of which no more than $65,500 may be subsidized. Students may be required to complete the Direct Loan Master Promissory Note (MPN) and Direct Loan entrance counseling.
Students accepted into a Castleton graduate program and who plan on enrolling in summer classes must complete the Castleton Summer Financial Aid application and have a valid FAFSA. More information about summer aid is found on Castleton’s Financial Aid webpage.
Per federal regulations, we are required to monitor a student’s academic progress. To satisfactorily meet academic progress, graduate students are expected to complete their degree within five academic years from the date of enrollment. Students who have reached the maximum time frame will not be eligible for federal financial aid, there is no warning period. Also, graduate students must maintain a minimum cumulative GPA of 3.0.
Please visit the Financial Aid page for additional information.
All Castleton graduates are eligible for a one-time $500 scholarship when they matriculate into the graduate program of their choice.
You can use the Funding Options page to estimate your costs and plan your payment options.
|Tuition per credit||$662|
|Graduate Tech/Resource Fee per credit||$18|
|TOTAL PER CREDIT||$680|
|*Health Insurance, per semester||To Be Determined|
|Add or drop a class after the first two weeks||$27|
|Late registration fee||
|Graduation fee (charged to all graduating students, whether or not attending Commencement)||$125|
Contact the Financial & Registration Services Office for more information at (802) 468-6070.