Graduate School Finances - Types of Aid
Several types of financial aid are available for graduate students who qualify, including loans, scholarships and fellowships.
Many employers offer reimbursement to employees who pursue higher education. Please contact your employer to find out about benefits offered.
Teacher Opportunity Program (TOP)
The Arkansas Department of Higher Education provides tuition reimbursement to Arkansas teachers or administrators for up to six credit hours per year, not to exceed $3,000. Apply online before June 1. For more information, visit the Arkansas Department of Higher Education website.
Teacher Education Assistance for College and Higher Education (TEACH) Grant
The US Department of Education provides grants to students who commit to teach for at least four years in a high-need field after graduation. Students must maintain at least a 3.25 GPA to receive and retain this scholarship. For more information, visit the StudentAid.gov website.
Federal Unsubsidized Stafford Loan
- Awarded to US citizens or eligible non-citizens who file a FAFSA (JBU's school code is 001100)
- Requires at least half-time enrollment (three hours per semester) in a degree program
- Up to $20,500 per academic year
- Aggregate limit of $138,500
- Deferred while in school
- 6.21% interest rate for the 2014-15 financial aid year (yearly interest rates depend on the value of the treasury note)
- Origination fee of 1.072% on the principle loan amount
- Repayment begins six months after ceasing attendance as a half-time student
JBU strongly recommends borrowing only for the cost of the graduate program.
JBU recommends borrowing only for the cost of the graduate program. If a student needs additional financial aid, however, the student may request an alternative loan by following the steps listed at the alternative loan web page.
Arkansas Single Parent Scholarship Fund
The Single Parent Scholarship Fund (SPSF) awards scholarships to low-income single parents pursuing post-secondary education in preparation for skilled employment. To apply for a scholarship or to get involved, contact your local SPSF affiliate.
Graduate Diversity Scholarships
The Graduate School offers scholarships to students who will increase program diversity and strengthen service to various cultural communities. For more information or to apply, visit Graduate Diversity Scholarships.
Native American Scholarships
Please contact your tribe to find out about educational benefits available.
In your community, inquire about scholarships available from your local Chamber of Commerce, church, civic groups, library, etc.
Apply for scholarships free online at the following websites:
The government has established a website that includes information on colleges and financial aid for Americans with disabilities - www.disability.gov.
Research scholarships for minority students via the following websites:
- HIspanic/Latino students - www.chci.org, www.hispanicfund.org and www.maldef.org
- Native American students - www.finaid.org/otheraid/natamind
Discover more about Study Abroad Scholarships via www.gooverseas.com.
ASSISTANTSHIPS AND FELLOWSHIPS
JBU offers a limited number of graduate assistantships and/or fellowships are each academic year. Accepted students should submit applications to their graduate department by the date specified. For more information, please visit Fellowships and Assistantships website.