Affording a Marquette Education

Marquette University's Office of Student Financial Aid and the College of Professional Studies staff encourage you to apply for financial aid. By applying for aid, your eligibility for both federal and state grants and federal student loans is determined.

The Office of Student Financial Aid can help you identify the combination of financial resources you need to supplement your contribution to the cost of a Marquette education. For more information, call the Office of Student Financial Aid at (800) 222-6544 or (414) 288-7390.
Or visit www.marquette.edu/financialaid/

How to Apply
Federal Aid Sources
William D. Ford Federal Direct Loan (Stafford)
Additional Resources
Study Grants
Alternative Loans

How to Apply

Applying for financial aid is an easy three step process:

Register for a PIN. Your Personal Identification Number or PIN will serve as your electronic signature on your FAFSA application. Apply for your PIN online at www.pin.ed.gov
Complete your FAFSA. The Free Application for Federal Student Aid or FAFSA is available online at www.fafsa.ed.gov
Receive your aid notification. When you have submitted your FAFSA and been accepted into the university as a degree seeking student, you will be notified in writing of the aid for which you qualify. Of the aid sources listed, you will have the opportunity to decline any type of aid you do not wish to receive.

If you have questions or you do not have acces to the online applications, please call the Office of Student Financial Aid at (414) 288-7390. The FAFSA application is still available in a paper format, which we will send to you.

Federal Aid Sources

Federal Pell Grant Recipients must show financial need, be enrolled at least half-time, and not hold a prior bachelors degree. Annual amounts range from $400-$4,050.

Wisconsin Tuition Grant Recipients must be enrolled at least half-time, not hold a prior bachelors degree, and be certified as eligible by the Wisconsin State Higher Education Aids Board. Annual amounts range from $250-$2,500.

William D. Ford Federal Direct Loan (Stafford)

The Direct Loan Program has two components, the Subsidized Loan (which accrues no interest while the student is in school) is for those who demonstrate financial need; the Unsubsidized Loan (on which interest accrues from the time of disbursement) is for those who do not demonstrate need, or who do have need but wish to borrow more than the Subsidized Loan can offer them.

Both types of Staffords have a variable interest rate that adjusts once per year on July 1 and caps at 8.25%. Repayment begins six months after the student is no longer enrolled half-time. Annual loan limits vary according to the student's grade level.

Additional Resources

Check with your school or public library for outside sources of financial aid. In addition, the Office of Student Financial Aid has a number of books on this topic. Many students and families use the Internet to gather financial aid information. We recommend the following links:

www.marquette.edu/financialaid/fastweb.htm
A free scholarship search resource. Begin by entering data about yourself and your course of study to create a scholarship mailbox. Information in your mailbox will be automatically updated for you, giving you the names, addresses, and details of the scholarships for which you may be eligible. Suggested form letters to each scholarship organization are also included.

www.finaid.org
A good starting point and general resource for financial aid information, including loans, grants, scholarships and work. Look here for lists of answers to frequently asked questions about financial aid, tips on how to avoid scholarship scams, and general information on financial aid policies and procedures. Many other financial aid Web sites can be accessed from here.

Study Grants

The Marquette University College of Professional Studies and Part-time Studies offers a limited number of $650 Adult Learner Study Grants each semester and module of the academic year. Grant recipients are selected primarily on the basis of financial need and academic performance.

Each recipient may renew the study grant without limit. Renewal is not guaranteed. The student is responsible for submitting an application each time they wish to be considered. Please direct any questions to Karen Wrench at (414) 288-3158.

To be eligible, candidates must meet the following criteria:

Student must show financial need as demonstrated on the Free Application for Federal Student Aid (FAFSA).
Student must be degree status with the intention of earning a bachelor's degree from Marquette University.
Student must be admitted to the either the College of Professional Studies or Part-time Studies Program.
Student must have a minimum 2.25 cumulative grade point average at Marquette University.
Student must be registered for courses in the applicable semester/module.

Applications must be received two weeks prior to the beginning of the semester/module.

Applications can be dropped off at the College of Professional Studies office in the 1212 Building, or mailed to:

College of Professional Studies
Marquette University
1212 W. Wisconsin Avenue, Room 103
P.O. Box 1881
Milwaukee, WI 53201-1881

Fax: (414) 288-3298

Alternative Loans

If you have applied for financial aid and find that you still need additional resources to cover your educational costs, the Office of Student Financial Aid may have some resources to help. There are a number of alternative loans available, through various private banks, that may meet your needs.

These loans may often be borrowed in addition to the federal grants and loans you are already receiving. Typically, these loans require that you be employed or have an employed, credit-worthy co-signer. Terms vary, and most will allow you to defer repayment until after graduation, although interest will accrue during the in-school period.

If you have questions about your eligibility please contact the Office of Student Financial Aid at (414) 288-7390 or by e-mail at financialaid@marquette.edu. Additional information is available online at www.marquette.edu/financialaid.

Bursar's Office

The Office of the Bursar is responsible for processing your payments, sending out semester bills for your tuition, fees, and housing, and crediting your account with any financial aid you receive. For more information regarding payment policies and methods, contact the Bursar's Office at (414) 288-7157 or visit www.marquette.edu/bursar/.