Financial Aid for Prospective Students - US Citizens and
Permanent Residents
In addition to the grants and scholarships offered by SIT, US citizens and permanent residents are eligible for a range of federal financial aid. The Federal Stafford Loan, the Federal Perkins Loan and the Federal Work-Study Program are open to graduate students who meet established requirements.
How to apply for Financial Aid
- Complete the 2012-2013 Free Application for Federal Student Aid (FAFSA). SIT’s federal school code is 008860.
SIT Scholarships and Grants
SIT offers gift aid to US students and permanant residents of between $500 and $5,000 based on need and merit. Several competitive SIT scholarships have also been established to recognize students who reflect the SIT mission through their professional and personal lives.
No additional application is required to be considered for SIT gift aid and competitive scholarships.
Learn more about Scholarships and Grants
Federal Loans for US Citizens and Permanent Residents
In addition to the grants and scholarships offered by SIT, US citizens and permanent residents are eligible for a range of federal financial aid. The Federal Direct Loan Program and the Federal Perkins Loan Program are open to graduate students who meet established requirements.
Federal Direct Loan (Subsidized and Unsubsidized)
These loans are administered by SIT in cooperation with the Federal Direct Loan Program. The subsidized loan is awarded according to need, as assessed by the "need analysis process". The interest on this loan is paid, or subsidized, by the federal government during the in-school, grace, and authorized deferment periods. Depending on the amount of eligibility, a graduate student may borrow up to $8,500 per academic year.
The amount of eligibility for the unsubsidized Federal Direct Loan is based on the cost of attendance, minus your other financial aid. The combined total of subsidized and unsubsidized Federal Direct Loans is limited to $20,500 per academic year for graduate students.
Federal Perkins Loan
The Perkins Loan is awarded based on need and available funds. The typical range for this loan is $1,000-$2,000.
Federal Direct PLUS Loan and Private Education Loans
Some students choose to borrow funds in addition to the Federal Perkins Loan and Federal Direct Loan to help with their expenses while in graduate school. In most cases, the Federal Direct PLUS loan is a better choice for students.
SIT graduates who work in non-profit, government or education professions may be eligible for one of two loan forgiveness programs:
- The Public Service Loan Forgiveness program (PSLF) is a program for students who work in non-profit, government or public service jobs for a period of 10 years after graduation.
- Students who teach in a low-income school or a subject designated as “subject-matter shortage area” may be eligible for loan cancellation or deferment options.
Employment
Federal Work Study.
SIT offers a Federal Work Study program that allows eligible students to earn part of their college costs through part-time employment in positions on the SIT campus or in a limited number of local community organizations. Students with a work-study position generally work between 8 and 10 hours each week. The rate of pay complies with the minimum wage in the State of Vermont. Approximately 60 percent of students have a work position on campus.
Campus Resident Advisors.
Students can earn the equivalent of room and board fees by working to create a cohesive learning community in SIT’s multicultural dormitories. Students do not need to qualify for financial aid to be eligible for these positions. Applications are only made available to students upon admission to an SIT graduate program through acceptance notification materials. The Housing Office begins making position appointments in April, and selection is based on demonstrated skills and experience.
External Sources of Funding for Prospective Students -
US Citizens and Permanent Residents
Yellow Ribbon Program for US Veterans
For more information on financial aid, please contact:
SIT Financial Aid Office
Tel 802.258.3281
Tel 800.336.1616 (toll-free in US)
Fax 802.258.3500
Email: finaid@sit.edu
Phone:
802.257.7751
Admissions:
800.336.1616 (toll free in US)
802.258.3510 (outside the US)
TTY:
802.258.3388
Fax:
802.258.3500
Mailing Address:
PO Box 676, 1 Kipling Road
Brattleboro, VT 05302 USA