Converse seeks to make education possible for graduate students through the federal and state loan programs and assistantships.
A limited number of graduate assistantships are available to assist students with educational costs. Assistantships require at least 20 hours of work each week in a specified campus office. Compensation for the assistantship is equal to the tuition of one graduate course per semester. Contact the graduate admission office of your intended program for more information.
Federal Direct Unsubsidized Stafford Loan Program: Students who do not qualify for a subsidized Direct Loan or who are not eligible for the full subsidized amount are eligible for the Federal Direct Unsubsidized Stafford Loan. The unsubsidized loan program incorporates the same repayment guidelines as the Subsidized Loan Program with the following exception: under the unsubsidized program, interest begins accruing while the student is enrolled. Interest may either be paid during the deferment period or may be capitalized; in which case the interest will be added to the principal amount of the loan. All students are eligible for this loan, however, you must file the FAFSA to qualify. The amount you may borrow will be determined by the Financial Aid Office and is based on your total educational costs for the academic year. The current interest rate for unsubsidized Stafford loans is 6.8%.
South Carolina Teachers Loan Program: To encourage talented and qualified South Carolina students to enter the teaching profession, the State of South Carolina developed the Teachers Loan Program to assist students with college expenses. The loans can be canceled at the rate of 20% per year by teaching in South Carolina public schools in state-designated areas of critical need. Applications are available in the Office of Financial Assistance beginning in February for the following academic year. The deadline for applying is April 15.
The TEACH Grant is a federally funded program for students who plan to teach in both a critical subject and critical geographic area. This grant converts to a loan with accrued interest if certain conditions are not met. Please refer to the TEACH Grant Checklist (PDF) for more information including eligibility criteria.
Additional scholarship programs exist through external organizations. For information, view our list of external scholarships.
Questions? Contact the Office of Financial Planning.