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Graduate Financial Aid



Applying for Financial Aid

It is to your advantage to begin work on your Free Application for Federal Student Aid (FAFSA) as early as possible. (Remember that you must also be admitted to Grace University as a degree-seeking student before an award offer can be made to you.) To begin the process, access to request a PIN. Once your PIN has arrived, access this site again and fill out the FAFSA. Be sure to indicate in Step 5 that you would like to have the results sent to Grace (Title IV School Code 002547). The only way to know for sure if you qualify for financial aid is to apply. No single factor such as “income cut-off” is accurate in predicting the likelihood of receiving assistance. Visit FAFSA Online at


The price for all graduate programs for the academic year 2012-2013 is $473 per credit hour.

Types of Aid

Federal Unsubsidized Stafford Loan

Not need based Must be enrolled at least half-time (three hours per semester) and enrolled as a degree-seeking student. Maximum: $20,500 per academic year Aggregate Limit: $73,000 Fixed Rate: 6.8% on new loans This loan program is designed to help students regardless of family income. Borrower is responsible for paying accrued interest either by making monthly or quarterly payments or by agreeing to have the interest capitalized. Repayment over a ten year period begins six months after ceasing attendance as half-time. Grace strongly recommends borrowing only for the cost of the program.


Institutional Grants

Alumni Grant

A grant may be given to graduates of Grace University who begin graduate studies within twelve months of graduation and maintain continuous enrollment at 8 or more hours. The grants are $650 per semester or $1300 a year for students and is renewable beyond the first year if their cumulative GPA is kept at a 3.0 or above. (Not in combination with Recent Grad Scholarship)

Christian Worker/Spouse Grant

A grant may be given to a student who is or whose spouse is a full-time employee of a nonprofit Christian organization. The grants are $300 per semester for students enrolled 4-7 hours or $500 per semester if enrolled 8 or more hours.

Family Grant

If a student enrolled at Grace University as a full-time student and additional members of his/her immediate family are simultaneously enrolled at Grace University, each family member is eligible for a 10% tuition grant. Family members have no minimum requirement enrollment but are not eligible for any other University grant, award, or assistantship.


Recent Grad Scholarship

A scholarship may be given to those students who begin graduate studies within twelve months of graduation and maintain continuous enrollment at 8 or more hours and also a 3.0 cumulative GPA. The scholarship is $650 per semester or $1300 a year for students and is non renewable. (Not in combination with Alumni Grant)

Outside Resources

Tuition Assistance

Contact your place of employment for information about tuition assistance plans.

Vocational Rehabilitation

Contact your local Vocational Rehabilitation office to see if you qualify.

Veterans Benefits

For more information on veteran benefits pertaining to Grace University, please contact Teela Chamberlain at (402) 449-2810.

Federal Stafford Loans

Unsubsidized Stafford Loan

The Unsubsidized Stafford Loan is based on Cost of Attendance up to $20,500 per year. GPA requirements must be met, and repayment begins six months after the student leaves Grace University. The student is responsible for the interest from the beginning of the loan. ***Total annual loan limits for both Federal Subsidized and Unsubsidized Stafford Loans are $20,500. Final interpretation and available funding are at the sole discretions of Grace University.

Alternative loans

Available to supplement federal financial aid for educational costs.

Monthly Payment Plan

Students are required to pay all of the net balance due for the semester at registration unless they are using the TMS Payment Plan. The net balance is the amount due after all forms of financial aid are credited toward the student account. A $55 yearly fee is assessed for this service. Credit Cards accepted: VISA, MASTERCARD, DISCOVER. For more information please contact the Business Office of Grace University

Email: Vicki Bloom

Phone: (402) 449.2822

In the administration of educational policies, scholarship, and loan programs, Grace University does not discriminate on the basis of race, color, national and ethnic origin, physical handicap, or sex.

Loan Forgiveness Program

There is a new scholarship available for graduate students, specifically Masters of Science in Education candidates, that is called the Enhancing Excellence In Teaching Program (EETP). It is a loan forgiveness program that allows students to receive a loan of up to $3,000 per year while in school and to have those loans forgiven if they work the required number of years in an accredited Nebraska school following graduation. The students must complete the EETP application and submit it to the Grace University Graduate Teacher Education Department, Attention Dr. Michelle Lundgren. Further information about the is found on the Nebraska Department of Education website.

More Resources

Student Handbook

Review a PDF of the Grace University Student Handbook. Click Go to download.

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