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Financial Aid

Loans and other financial aid can be obtained for up to the full cost of attendance, including tuition and living expenses.

LOANS

The Conway School participates in the U. S. Department of Education's Direct Loan Program. Stafford and Grad PLUS loans are available through this program.

  • Stafford Subsidized and Unsubsidized loans can fund up to $20,500 toward the cost of graduate education. These government loans are offered at low interest rates with a maximum 10-year repayment period. Repayment may be deferred while in school; loan payments need not begin until six months after graduation.
  • Need-based Stafford Subsidized Loans are available up to $8,500 and interest is paid by the Department of Education on these loans while you are enrolled in school.
  • Stafford Unsubsidized Loans are available up to $12,000 and interest is not paid for you, but can be capitalized and deferred until you graduate.
  • Federal Grad PLUS loans are available up to the total cost of attendance less any other financial assistance, including Stafford loans. These loans have an interest rate slightly higher than the Stafford loans and are subject to a credit check. Repayment of these loans begins as soon as the loan is fully disbursed; however you may automatically apply an in-school deferment of your loan as long as you remain enrolled. There is no grace period on these loans when you stop attending school, however you can request a six-month deferment from your graduation date.

Alternative or private student loans may also be available. It is important to keep in mind these factors:

  • Alternative loans are usually credit based and many loans require a co-signer.
  • The interest rate is often based on your credit rating.
  • Fees vary among programs.
  • There is no federal interest subsidy on an alternative loan.
  • Not all alternative loan programs have a grace period.

All students who are considering applying for financial aid must complete the Department of Education’s Free Application for Federal Student Aid (FAFSA). The Student Aid Report (SAR) generated from the FAFSA application will be used by the school to help determine loan eligibility. FAFSA can be done on-line any time after January 1.

Loans can be originated by the school only after a student has been accepted, confirmed attendance by countersigning and returning the enrollment agreement, returned the signed financial aid award letter received from the school, completed the on-line financial aid entrance interview, and completed a Master Promissory Note(s). However, to ensure that loan funds will be available when school begins in September, applicants can and are strongly advised to start financial aid applications at the same time they apply for admission. The priority date for financial aid application is May 1 for the following September.

TUITION SCHOLARSHIPS AND GRANTS

The Conway School has no tuition scholarships or grants, but gladly assists students who locate other sources of scholarship funding with all necessary documentation.

More information and forms are available at this page on all loan programs or from the Financial Aid Advisor at the school.