Graduate school is a significant financial investment. The cost of tuition, fees, and living expenses can add up quickly, leaving many students wondering how they will afford to pay for their education. Fortunately, there are a number of financial aid options available to graduate students at Texas A&M University (TAMU).
TAMU Graduate Financial Aid Overview
In the 2022-2023 academic year, TAMU awarded over $150 million in financial aid to graduate students. This aid came in the form of scholarships, fellowships, grants, and loans.
The average financial aid package for a TAMU graduate student is $25,000. This package may include a combination of scholarships, fellowships, and grants. Loans are also available, but they should be considered a last resort.
Types of Financial Aid for Graduate Students at TAMU
There are several different types of financial aid available to graduate students at TAMU. These include:
- Scholarships: Scholarships are awarded based on merit or financial need. They do not have to be repaid.
- Fellowships: Fellowships are awarded to students who are pursuing research or other scholarly activities. They typically include a stipend and tuition remission.
- Grants: Grants are awarded to students who demonstrate financial need. They do not have to be repaid.
- Loans: Loans are available to students who need additional funding to cover the cost of their education. They must be repaid with interest.
How to Apply for Financial Aid
To apply for financial aid at TAMU, you must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is available online at https://studentaid.gov/h/apply-for-aid/fafsa.
The FAFSA deadline for the 2023-2024 academic year is June 30, 2023.
Common Mistakes to Avoid
There are a few common mistakes that graduate students make when applying for financial aid. These mistakes include:
- Not completing the FAFSA: The FAFSA is the first step in applying for financial aid. If you do not complete the FAFSA, you will not be eligible for any federal or state financial aid.
- Missing deadlines: Financial aid deadlines vary depending on the type of aid you are applying for. It is important to be aware of the deadlines and to submit your applications on time.
- Not researching all of your options: There are a number of different financial aid options available to graduate students. It is important to research all of your options and to find the ones that are the best fit for your needs.
How to Get Help
If you have any questions about financial aid at TAMU, you can contact the Office of Financial Aid at (979) 845-3236 or [email protected].
Additional Resources
- TAMU Office of Financial Aid
- FAFSA website
- National Association of Student Financial Aid Administrators (NASFAA)
Conclusion
Graduate school is a significant financial investment, but there are a number of financial aid options available to help students afford their education. By following the tips in this article, you can increase your chances of getting the financial aid you need to succeed in graduate school.