Graduate students at Michigan Tech have many aid options available to help them invest
in their education.
Scholarships
Fellowships provide eligible graduate students with financial support towards the cost of their
education.
Loans
Federal Direct PLUS (Graduate) Loans
- Federal Direct PLUS (Graduate) Loans are available for graduate students who meet the Department of Education’s eligibility
criteria.
- Students must complete an application and complete their FAFSA each year to apply.
- The One Big Beautiful Bill Act of 2025 eliminated the Graduate PLUS Loan for new graduate
students.
- A current graduate student can borrow up to their cost of attendance minus any other
financial aid received, so long as the criteria are met for the limited exception.
- Alternative Loans from banks or other lending institutions are available for parents or students who
meet the lender’s eligibility criteria.
- An application is required to be considered, and some lenders may require a co-signer.
- The maximum amount a student or parent can borrow is the student’s estimated cost
of attendance less any other financial aid being received. The minimum amount that
can be borrowed varies by lender.
Employment
Graduate Assistantships are a form of student employment which includes compensation in the form of a stipend,
tuition, and lab/course fees. Assistantship recipients perform research, teaching,
or administrative services for the University as part of a student’s academic and
professional training and development.
The Federal Work-Study Program provides funding for part-time employment to students who are US citizens or permanent
residents and have financial need as demonstrated by their FAFSA results.
For more aid and funding opportunities, please see the Graduate School Financial Information page.