Financial Aid

Know your funding sources.
Discover new resources.
Let SIT help.

Lowey International Center Dining

SIT is committed to ensuring you have the information you need to successfully access funding for your graduate education.

We offer grants and scholarships based on several criteria, including need and demonstrated commitment to the SIT mission. Nearly 90 percent of SIT students receive scholarship and grant funding from SIT Graduate Institute. We typically award more than $1.5 million dollars each year in gift aid.

SIT students finance their degrees through a variety of resources, including but not limited to:

US students and permanent residents are encouraged to learn about the Public Service Loan Forgiveness Program and income-based repayment plans.

SIT’s Financial Aid Office provides guidance on all aspects of graduate financial aid throughout the application process and during your program. We are dedicated to providing financial aid to as many students as possible and to ensuring our students have the information they need to successfully access graduate school funding.

Financial Aid Information for Current Students

Financial Aid Overview for International Students

Scholarships from External Foundations for International Students

If you are an international student, please visit the international student services section of the website to learn how to apply for financial aid.

If you are a US citizen or permanent resident, you must complete a FAFSA.

For more information on how to complete a FAFSA application, watch this instructional video.

  • If you are applying to begin in January 2107, please complete the 2016-2017 Free Application for Federal Student Aid (FAFSA).

  • If you are applying for programs starting in Summer 2017 or Fall 2017, please complete the 2017-2018 Free Application for Federal Student Aid (FAFSA).

To access all Federal Student Aid sites, you will need to create an FSA ID. Your FSA ID will also serve as your legal signature.

classroomSIT is committed to making your graduate degree affordable. We offer both need-based grants and merit scholarships. Several competitive scholarships have also been established to recognize students who reflect the SIT mission through their professional and personal lives.

No additional application is required for SIT gift aid and competitive scholarships. Accepted students who have applied for financial aid will be automatically considered.

Scholarships for US Citizens and Permanent Residents

Activism and Advocacy Scholarship
This scholarship is awarded in recognition of work done with an organization engaged in activism and advocacy service. Recipients should have served for three to five years on a single issue.

Career Experience Scholarship
This scholarship is awarded in recognition of five years or more of degree-relevant work experience. 

Community Service Scholarship
This scholarship is awarded in recognition of work done with an organization(s) engaged in community service. Recipients should have served for three to five years, with an average of 10 hours per week.

International Aid and Development Scholarship
This scholarship is awarded in recognition of work done in the field of development and international aid. Recipients should have three to five years of relevant experience in these areas.

Multicultural Scholarship
This scholarship is awarded to individuals who bring diversity to the SIT community, through their work or community service or volunteer experience, educational leadership, or organizational affiliations.

Recent Undergraduate Scholarship
This scholarship is awarded to exceptional candidates who have earned a bachelor’s degree within the 12 months prior to the start of their SIT master’s degree program. Recipients demonstrate a range of qualities that confirm readiness for the program, such as intercultural sensitivity, excellent communication and interpersonal skills, maturity, and strong motivation to enter their fields. Competency in other languages and study abroad or international experience are preferred.

SIT Grant
This award is based on financial need and ranges from $6,700 to $8,400 for full-time graduate degree programs in Vermont; from $7,700 to $9,400 for graduate programs in Washington DC; and from $1,500 to $5,100 for online degree programs. Please note that for Vermont-based degree programs with a program duration of more than one year, the award is for year one only. 

Washington, DC Housing Award
SIT recognizes the high cost of living in the Washington, DC, area and is committed to assisting students with this cost. SIT will award multiple scholarships in the amount of $6,000 to students enrolled in the Sustainable Development: International Policy and Management program based in Washington, DC.

Scholarships for International Students

Impact Scholarship
This scholarship is awarded to a student who embodies the SIT mission with significant professional and/or volunteer experience related to his/her degree program. Students chosen for this scholarship must give special presentations to the SIT community. A full tuition scholarship plus room and board at SIT’s Vermont campus will be awarded. (Students enrolled in SIT’s MA in Sustainable Development: International Policy and Management program in Washington, DC, receive tuition only scholarships.)

Intercultural Leadership Scholarship
This award was established to recognize students who embody the SIT mission related to its master’s degree programs. The award is based on a variety of criteria, including academic merit, professional contribution to the field, community action, organizational affiliation, and educational leadership. SIT awards one scholarship of $10,000 per year for a student in each of SIT’s full-time, on-campus degree programs.

Intercultural Leadership Scholarship for the MA in International Education Online
This award was created to recognize students whose actions personify the SIT mission as it pertains to the online master’s degree program in international education. Applicants are evaluated on the following criteria: academic merit, contributions and community involvement as they relate to the field of international education, and financial need. SIT will award one scholarship in the amount of $12,000, to be equally divided over the course of the program’s six terms.

International Teaching and Education Scholarship
This award was created to recognize demonstrated commitment to international education and English language teaching. The ideal candidates will not only demonstrate a proven commitment to these areas but will also indicate how they would plan on using their degree from SIT to continue and further these efforts in their home countries. Applicants must have at least five years of relevant work in the field of English language teaching or international education. Three to five individual awards in the amount of $25,000 will be awarded.

Peace and Capacity Building Scholarship
This award was created to recognize demonstrated commitment to peacebuilding or capacity building efforts within the students’ home countries. The ideal candidates will not only demonstrate a proven commitment to these areas but will also indicate how they would plan on using their degree from SIT to continue and further these efforts in their home countries. Applicants must have at least five years of relevant work experience in peacebuilding or sustainable development. Three to five individual awards in the amount of $25,000 will be awarded.

SIT Grant
This award is based on financial need and ranges from $8,300 to $10,000 for full-time graduate degree programs in Vermont; from $9,400 to $11,100 for graduate programs in Washington, DC; and from $1,200 to $6,100 for online degree programs. For Vermont-based degree programs: students enrolled in their reflective practice or portfolio terms may be eligible for an additional grant ranging from $500 to $1,100.

Other SIT Scholarship Opportunities

SIT Study Abroad and Experiment in International Living Alumni Scholarship
This scholarship is available to alumni of World Learning’s SIT Study Abroad and Experiment in International Living programs. It recognizes the strong intercultural foundation that students have developed in these programs and will carry into graduate school.

TESOL Certificate Alumni Award
This scholarship is available to alumni of SIT Graduate Institute TESOL Certificate programs. It recognizes the strong intercultural foundation that individuals have developed in these programs and will carry into their graduate school experience.

Donor Funded Scholarships

Anderson Family Fund Scholarship
Experiment in International Living alumnus Eric Hall Anderson established the Anderson Family Fund in 1996 to provide scholarships for SIT students who demonstrate financial need. Preference is given to students who represent a minority population and to international students.

Russel A. Bickler International Scholarship
Established in 2011 by the PIM44 class in memory of their classmate Russ, this fund was established to help international students who wish to pursue one of SIT’s graduate programs based in Vermont. 

Karen Stromberg Blanchard Scholarship
This award was established in 2005 by an anonymous donor to honor SIT professor Karen Blanchard. The award is given to an international female applicant enrolling in one of the following Vermont-based programs: MA in International Education, MA in Peacebuilding and Conflict Transformation, MA in Intercultural Service, Leadership, and Management, or the MA in Sustainable Development: Advocacy, Leadership, and Social Change. The individual shall possess a discerning spirit, be committed to social change globally, be someone who can see possibility where others see problems, and be someone who can nurture this spirit in others. 

Ray Clark Excellence in Teaching Scholarship
This award is in honor of retiree Ray Clark, a former faculty member of SIT’s Master of Arts in TESOL program. The award is given to a student enrolled in the TESOL graduate degree program with demonstrated financial need and a strong academic record.

Joseph F. Cullman Scholarship
Established in 1999, this scholarship is awarded to an individual who shows commitment to SIT’s mission and values as demonstrated in the applicant’s admissions essay.

Clarence Falk Scholarship
This scholarship was established by the Falk family who are connected to World Learning in many ways. The scholarship will be awarded to an incoming international student with demonstrated financial need.

Alvino and Bea Fantini Scholarship
Established in 2014 as part of SIT’s 50th anniversary celebration, this scholarship honors Alvino and Bea’s combined 100+ years of service to SIT. The Alvino and Bea Fantini Scholarship provides scholarship funding to international students who otherwise could not attend SIT. The Fantinis have shown a special commitment to the development of second and foreign language proficiency and intercultural competencies. They are especially interested in providing increased international educational opportunities to international students who otherwise would not be able to participate in a World Learning program. This fund plays an important role in increasing the number of international applicants admitted each year, which directly ties into SIT’s mission and integrity as an internationally focused academic institution.

Joseph Fenelon Scholarship
Established in 1986, this scholarship is awarded to an international student who wants to study development and development-related issues at SIT Graduate Institute with the intent to return to his/her country to help further his/her country’s development.

Sarah B. and Clarence J. Gamble Scholarship
This award was established in 1991 by Sally Gamble Epstein, a 1949 Experimenter and former trustee, to honor her parents, Sarah and Clarence Gamble, who were involved with The Experiment in International Living from its earliest years. Applicants for this award must have an academic focus and/or interest in working in the areas of population studies, family planning, or population-related health and nutrition work, or be citizens/permanent residents of countries with population and/or reproductive health issues. It is awarded to a student(s) with demonstrated financial need.

McMorris Scholarship
Established in 2000 by Clare Tweedy McMorris, a 1965 Experimenter and former trustee, this award is given to an applicant enrolling in the MA in Sustainable Development program based in Washington, DC, who has demonstrated financial need and brings cultural diversity to the program.

Brian Moss Memorial Book Fund
Established in 1999, this fund is used to assist international students who have financial needs related to course book expenses. 

Rudy Martinez Pino Scholarship
Rudy Martinez Pino enrolled at SIT in 1977. A Cuban American and the only US minority student in his class, Rudy was dedicated to improving the circumstances of the world’s disabled and disenfranchised. After his death in 1986, his classmates established a scholarship in his memory to assist minority, disabled, or international students with demonstrated financial need.

Sargent Memorial Scholarship
Established in 1992 in memory of James W. Sargent, this scholarship is awarded to an individual who is committed to SIT’s mission and values as demonstrated in the applicant’s admissions essay.

TESOL Scholarship
This award is given to an applicant enrolling in the Master of Arts in TESOL program who has demonstrated financial need and a strong academic record.

Margaretta Winter Scholarship
Created in 1996 in memory of former SIT employee Margaretta Winter, this scholarship is awarded to an applicant with demonstrated financial need.

SIT Global Practicum and Innovation Scholarship
This award was created in 2013 to provide financial support, including travel and lodging assistance, to SIT Graduate Institute students while participating in innovative, degree-required practicum placements around the world.

SIT Global Scholarship
This fund is used to create diversity on the SIT campus in both Vermont and Washington, DC. Applicants must have demonstrated financial need and bring cultural diversity to the programs.

Jean H. Winchell Scholarship
Established in 2012, this award is given to an applicant with demonstrated financial need, a strong academic record, and a commitment to the SIT mission.

External Sources of Funding for Prospective International Students

SIT has identified a list of organizations that provide scholarships for graduate study in the United States. If you feel you may qualify for any of these scholarships you should contact that particular organization.

Fellowships Through Placement Organizations

Ford Foundation International Fellowships Program
A limited number of fellowships for full funding (including tuition, travel, and living expenses) are available for the coming academic year for students from Brazil, Chile, China, Egypt, Ghana, Guatemala, India, Indonesia, Kenya, Mexico, Mozambique, Nigeria, Palestine, Peru, Philippines, Russia, Senegal, South Africa, Tanzania, Thailand, Uganda and Vietnam.

Institute for International Education
An independent not-for-profit founded in 1919, IIE is among the world's largest and most experienced international education and training organizations.

Fulbright Program
809 United Nations Plaza
New York, NY 10017-3580  

Fulbright Outreach Program Fellowship
United States-Israel Educational Foundation
Ben Yehuda 1
P.O. Box 26160
Tel Aviv 61261
Fax: +972-(0)3-516-2016
Office phone: +972-(0)3-517-2392
Email: info@fulbright.org.il

Israeli citizens of Arab origin or of Ethiopian origin are eligible. Dual American-Israeli citizens or permanent residents of the United States are not eligible to apply.

Scholarships for Women

100 Syrian Women, 10,000 Syrian Lives Scholarship Program
This scholarship is open to Syrian women who have demonstrated exemplary social service with leadership, academic excellence, and civic responsibility, who have characteristics reflecting the importance of empathy, humility, courage and resilience, and who have potential to serve as global leaders.

Alpha Delta Kappa Foundation
1615 West 92nd Street
Kansas City, MO 64114
816 363-5525

American Association for University Women (AAUW)
1111 16th Street, NW
Washington, DC 20036

Scholarships available for full-time study for women with the equivalent of a US bachelor’s degree.

Canadian Federation of University Women
251 Bank Street, Suite 600
Ottawa, Ontario
Canada KZP 1X3

Fellowships and partial scholarships to Canadian women.

College Women’s Association of Japan
CWAJ Center
2-24-13-1202 Kami-Osaki,
Shinagawa-ku, Tokyo 141-0021
Telephone: 3491 2091
Fax: 3491 2092

Supports graduate study at English-speaking universities and research institutions abroad for women who are nationals or permanent residents of Japan.

Margaret McNamara Memorial Fund
The World Bank Group
1818 H Street, NW
Washington, DC 20433
202 473-8751

This fund provides financial assistance to women from developing countries during their studies in the United States or Canada.

P.E.O. International Peace Scholarship Fund
P.E.O. Executive Office
3700 Grand Avenue
Des Moines, IA 50312
Phone: 515 255-3153
Fax: 515 255-3820

The International Peace Scholarship Fund, established in 1949, is a program which provides scholarships for selected women from other countries for graduate study in the United States and Canada.  Members of the P.E.O. believe that education is fundamental to world peace and understanding.  

Other Scholarships

Aga Khan International Scholarship Programme
Scholarships are awarded on a 50 percent grant/50 percent loan basis through a competitive application process that takes place once a year in June or July. The Aga Kahn Foundation accepts applications from countries where it has branches, affiliates, or other Aga Kahn Development Network agencies that can help process applications and interview applicants. At present, these countries are Afghanistan, Bangladesh, Canada, France, India, Kenya, Madagascar, Mozambique, Pakistan, Portugal, Syria, Tajikistan, Tanzania, Uganda, the UK, and the US.

Belgian American Education Foundation
Egmontstraat 11 Rue d'Egmont - 1000 Brussels - Belgium
Tel: + 32(0)2 513 59 55
Fax: + 32(0)2 672 53 81
Email: mail@baef.be

Pays for tuition, stipend, and health insurance for Belgian citizens to study in US graduate programs.

Civil Society Leadership Award
The Civil Society Leadership Awards (CSLA) provide fully funded master’s degree study to individuals who clearly demonstrate academic and professional excellence and a deep commitment to leading positive social change in their communities. The awards are available to citizens of the following countries:  Azerbaijan, Belarus, Cambodia, Democratic Republic of Congo, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Laos, Libya, Republic of Congo, South Sudan, Sudan, Syria, Turkmenistan, Uzbekistan.

Open Society Foundations
224 West 57th Street
New York, NY 10019
United States

212 548-0600

De Karman Fellowships
Supports one year of graduate study in the United States in any field, with special consideration to candidates in the humanities. Available only to juniors already enrolled in a U.S. undergrad institution.

EducationUSA Opportunity Funds
The EducationUSA Opportunity Funds program assists highly qualified students who are likely to be awarded full financial aid from U.S. colleges and universities but lack the financial resources to cover the up-front costs of obtaining admission, such as testing, application fees, or airfare.  For more information, contact the Regional Educational Advising Coordinator (REAC) for the region(s) in which you are interested.

El-Hibri Foundation
Offers three $5,000 graduate scholarships for first-year US or international graduate students enrolled in a US program to study peace education, conflict resolution and related fields and the annual Peace Education Prize to an outstanding scholar, practitioner or policymaker in the amount of $30,000

ITO Foundation for International Education Exchange
BABA Bldg. 5F, 3-8-4 Nishi-Shinjuku
Shinjuku-ku, Tokyo, 160-0023 JAPAN
Tel: 03 3299 7872
Fax: 03 3299 7871

Awards scholarships for Japanese students to study abroad in a master’s course at a graduate school.

Jack Kent Cooke Foundation Graduate Scholarship Program
Scholarships are awarded to college seniors or recent graduates to attend graduate programs. The scholarship awards will provide funding for tuition, room and board, books, and other required fees for the length of the graduate degree program, up to six years. The amount and duration of awards will vary by student, based on the cost of attendance and length of the program as well as other scholarships or grants received.

The maximum award per student is $50,000 per year. Candidates for this scholarship must be nominated by the Jack Kent Cooke Foundation Faculty Representative at their undergraduate institution.

OPEC Fund for International Development (OFID)
PO Box 995, A-1011
Vienna, Austria
Tel: +43 1 515 64 0
E-mail: info@ofid.org

Open Society Foundation 
The Open Society Foundations award grants, scholarships, and fellowships throughout the year to organizations and individuals who share Open Society values. We look for grantees who have a vision and whose efforts will lead to lasting social change. We award a limited number of grants to individuals, primarily through scholarships and fellowships. Individuals may apply for multiple grants at once. Scholarships are awarded to a qualified person to attend or affiliate with an accredited university. Fellowships are awarded to a qualified individual to work on a project in a field aligned with Open Society values over a fixed period of time.

Organization of American States
17th Street and Constitution Ave., NW
Washington, DC   20006-4499
United States of America
202 370-5000
Fax 202 458-3967

Point Foundation Scholarship
Point Foundation empowers promising lesbian, gay, bisexual, transgender, and queer students to achieve their full academic and leadership potential – despite the obstacles often put before them – to make a significant impact on society.

The Rowe Fund
The Rowe Fund is an educational loan program of the Organization of American States (OAS) that helps citizens from Latin America and Caribbean OAS Member States finance their studies or research in accredited universities across the United States by awarding interest-free loans of up to $15,000 dollars. Fellowships available for citizens of OAS member countries.

Division of Cooperation for Development of Human Resources
1776 Massachusetts Avenue
Washington, DC 20036

Rotary International Foundation
1600 Ridge Avenue
Evanston, IL 60201

You must contact a local rotary club in your home country.

Scandinavia House
58 Park Avenue
(between 37th and 38th St.)
New York, NY 10016
212 879-9779

A variety of scholarships are offered to students from Denmark, Finland, Iceland, Norway, and Sweden.

Soros Foundation Network Scholarship Programs
The Soros Foundation
400 W. 59th St.
New York, NY 10019
212 548-0175
scholar@sorosny.org


External Sources of Funding for US Citizens and Permanent Residents

The SIT Financial Aid Office has assembled the following list of organizations that provide scholarships for graduate study in the United States. If you feel you may qualify for any of these scholarships, you should contact that particular organization.

Yellow Ribbon Program for US Veterans

Congressional Hispanic Caucus Institute
911 2nd Street NE
Washington, DC 20002
Tel: 202 543-1771

This scholarship opportunity is available to Latino students who have a history of performing public service–oriented activities in their communities and who plan to continue making such contributions in the future.

David L. Boren Graduate Fellowships
This scholarship enables US graduate students to pursue specialization in area and language studies. A maximum of $30,000 is available for study in the US.

Pat Tillman Foundation Scholarship

The Paul & Daisy Soros Fellowships for New Americans

QuitDay.org Scholarship — The QuitDay scholarship is awarded to students each year who share their vision for a smoke-free world. Help make higher education smoke-free! Scholarship Award: $3,000 total, awarded to three students.  Deadline to Apply: March 31 of each year.

GoodCall's Best Decision Scholarship
At GoodCall, we try to help people make smarter decisions by giving them access to important data. We want to know about a great decision you've made in your life. Write an essay between 400 and 500 words detailing one of the most important decisions you've made in your life. What information did you rely on? What decision did you make? How did you know it was the right choice? Award: $2,500, eligibility requirements and online application are available at: http://www.goodcall.com/scholarship

Thumbtack School-To-Skills-Scholarship
The scholarship will be awarded to an individual who demonstrates this commitment by chasing their passion to learn a new trade that they can turn into a business, learning fundamental business skills such as marketing and accounting, or deepening their knowledge and capabilities to improve public policy and foster an environment that better serves small business owners and independent professionals. Award: $5,000, eligibility requirements and on-line application are available at: https://www.thumbtack.com/scholarship

SIT Graduate Institute has affiliations with over 20 different organizations.  If any of these organizations are ones you have been associated with, read more about the possible opportunities that could be available to you.  

Employment for US Citizens and Permanent Residents

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 and in the District of Columbia. Approximately 60 percent of students have a work position.

Employment for International Students

SIT Work Opportunity. The SIT Work Opportunity program supports the part-time employment of international students who need the income to help pay for the cost of their education. A variety of employment opportunities are available each year. Most student employment opportunities are funded through this program, and only students who are awarded work study funding as part of their financial aid package can participate. The rate of pay complies with the minimum wage law in the State of Vermont and in the District of Columbia.

Campus Resident Advisors. Students can also earn the equivalent of room and board fees by working to create a cohesive learning community as a resident advisor 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.

Current students: Please visit our Continuing Students page.

In addition to the need-based grants and merit scholarships offered by SIT, US citizens and permanent residents may be eligible for federal student loans. The Federal Direct Unsubsidized Student Loan and the Federal Direct Grad PLUS Loan are programs a graduate student may consider if they meet the eligibility requirements.

Federal Loans for US Citizens and Permanent Residents

Watch this instructional video about what to expect when repaying your federal student loans.

Federal Direct Unsubsidized Student Loan
The Federal Direct Unsubsidized Student Loan Program offers unsubsidized loans to graduate students. Eligibility for the unsubsidized student loan is not based on financial need; students are responsible for interest that accrues on the loan from the time the loan funds are disbursed until the loan is repaid in full. You may choose to pay the interest while you are in school to reduce your final repayment amount. Otherwise, you may choose to capitalize the interest, which means to defer interest payments while enrolled in school and let the accrued interest be added to the loan principal, thus increasing the amount that must be repaid.

Annual Borrowing Limit – Graduate students may borrow up to $20,500 each academic year.

Aggregate Borrowing Limit – Graduate students may borrow up to an aggregate total of $138,500 including undergraduate loan amounts.

Interest Rates – The interest rate on Federal Direct Student Loans is fixed at 5.84%.

Origination Fee – An origination fee of 1.068% will be charged. The fee goes to the federal government to help reduce the cost of the loans.

Repayment – Federal Direct Student Loan repayment begins six months after you graduate or are no longer enrolled at least half-time.

Master Promissory Note – If you are borrowing a Federal Direct Student Loan for the first time, you must complete a Master Promissory Note online. The Master Promissory Note that you sign will be used for all of your subsequent Federal Direct Student Loans at SIT. You will not need to sign a new promissory note for each academic year, nor will you sign a new note if you decide to change the amount of your Direct Loan.

Disclosure Statements – The Master Promissory Note does not list the amount of your loans. When each loan is disbursed you will receive a disclosure statement from the US Department of Education listing the amounts and types of your direct loans. You will receive a new disclosure statement for each new loan that you borrow, and if any changes are made to the amount of your loans. Be sure to keep your disclosure statements as a record of the loans you have received at SIT.

Entrance Counseling – If this is the first time that you have borrowed a Federal Direct Student Loan at SIT, you are required to complete an entrance counseling session to inform you of your rights and responsibilities as a borrower. Your loan funds will not be disbursed to SIT until you have fulfilled this requirement. The entrance counseling session should be completed online.

Federal Direct Grad PLUS Loan
The Federal Direct Grad PLUS Loan is a non-need based loan that allows the student to borrow up to the cost of attendance less all other financial aid received. In order to be eligible, the student borrower must not have an adverse credit history.

Annual Borrowing Limit – Graduate students may borrow up to the cost of attendance minus all other financial aid received including Federal Direct Student Loans and private educational loans.

Aggregate Borrowing Limit – None.

Interest Rates – The interest rate is fixed at 6.84%. Interest starts accruing on this loan at the time of disbursement.

Origination Fee – An origination fee of 4.272% will be charged. The fee goes to the federal government to help reduce the cost of the loans.

Credit Check – Borrower cannot have an adverse credit history. Adverse credit is defined as being 90 days or more delinquent on any debt, having a credit report that shows bankruptcy, default, discharge, foreclosure, repossession, tax lien, wage garnishment or write off of a Title IV debt during the five years preceding the date of the credit report. Lack of credit history or insufficient credit history is not considered adverse credit. If you are denied, you can apply with an endorser (co-signer) whose credit history will be considered.

Repayment – Federal Direct Grad PLUS Loan repayment can be delayed until six months after you graduate or are no longer enrolled at least half-time.

Master Promissory Note – If you are borrowing a Federal Direct Grad PLUS Loan for the first time, you must complete a Master Promissory Note online. The Master Promissory Note that you sign will be used for all of your subsequent Direct Grad PLUS Loans at SIT. You will not need to sign a new promissory note for each academic year nor will you sign a new note if you decide to change the amount of your Direct Loan.

Disclosure Statements – The Master Promissory Note does not list the amount of your loans. When each loan is disbursed you will receive a disclosure statement from the US Department of Education listing the amounts and types of your direct loans. You will receive a new disclosure statement for each new loan that you borrow, and if any changes are made to the amount of your loans. Be sure to keep your Disclosure Statements as a record of the loans you have received at SIT.

Entrance Counseling – If this is the first time that you have borrowed Federal Direct Grad PLUS Loan, you are required to complete an entrance counseling session to inform you of your rights and responsibilities as a borrower. Your loan funds will not be disbursed to SIT until you have fulfilled this requirement. The entrance counseling session should be completed online. Should you be denied a Federal Grad PLUS loan, and be subsequently approved by the Department of Education through an appeal process or with an endorser, you will be required to complete additional financial awareness counseling.

Private Education Student Loans
Private educational student loans are designed to meet costs not covered by other forms of financial aid. Students are encouraged to pursue federal student loans (if eligible) and outside scholarships before applying for private educational student loans.

When considering whether to apply for a private educational student loan or a Federal Grad PLUS Loan, there are a few important considerations to keep in mind:

  • Most private loans come with a variable interest rate and no fees. The Direct PLUS Loan, on the other hand, offers a fixed interest rate for the life of the loan, but charges a small fee.
  • Income and credit score do not affect a student’s ability to obtain a Direct PLUS Loan, whereas credit criteria are usually more stringent on private loans.
  • The Direct PLUS Loan is permitted in Federal Consolidation Loans and private loans are not.

Approval for private educational student loans is based on an individual’s creditworthiness. Students who do not meet a lender’s credit qualifications may need to apply with a credit-worthy co-signer. Interest rates, grace periods, repayment options and fees are determined by the lender and can vary considerably from lender to lender.

Because these loans are approved by lenders based on your credit history, we strongly encourage you to review your credit report prior to applying. You may receive a free credit report at www.annualcreditreport.com. If you are interested in receiving your FICO score you can go to www.myfico.com and for a fee they will release your score.

Title X of HEOA — the Private Student Loan Transparency and Improvement Act — contains information regarding the loan disclosure forms that are required by the federal government. A borrower self-certification form is required to be completed, signed, and submitted to the lender before loans can be disbursed. Lenders will provide students with a blank self-certification form by mail and/or online.

Lenders must allow sufficient time for an applicant to receive the Final Disclosure. The Final Disclosure outlines the three business–day rescission period, allowing applicants a final opportunity to evaluate their needs for a private student loan and/or cancel the loan without penalty. Based on the time for an applicant to receive the Final Disclosure and carry out the rescission period, a lender will not disburse funds until approximately seven days after the Final Disclosure is issued. Please allow sufficient time for the approval process of a private educational student loan so that your tuition charges are paid in a timely manner.

Borrowers should always review the current information and benefits at the lender’s website when selecting a lender.

The average amount of student debt for students who graduate from SIT with a master’s degree is $32,760.

Financial Aid Forms

International Students

FINANCIAL AID APPLICATIONS

US Citizens and Permanent Residents

FINANCIAL AID APPLICATIONS

LOAN INFORMATION

FEDERAL WORK STUDY DOCUMENTS

VERIFICATION DOCUMENTS

Appeal Process/Special Circumstances
Due to varying circumstances, students often find the information they provided on the FAFSA no longer realistically reflects their ability to provide educational support. When this happens, students may choose to submit a Financial Aid Professional Judgment Appeal to our office requesting that their situation be reviewed.

SIT strives to provide individual consideration of each student's circumstances to the extent possible. Appeals will be reviewed by the director of Financial Aid. Additional information may be requested if necessary. Letters of appeal may be submitted at any time throughout the academic year. Please allow three weeks after submitting all requested documentation for appeal results. 

Appeal Requirements

For ALL Students:

  1. Submit a signed, detailed letter describing the reason for appeal

For US Citizens and Permanent Residents:

  1. If the FAFSA includes estimated tax information, the student must do one of the following:
    1. Update the FAFSA using the IRS Data Retrieval Tool or
    2. Provide a tax return transcript
  2. Submit other requested documents, depending on the circumstances of the appeal.

If an appeal is approved, SIT will reevaluate the student's eligibility. No additional aid is guaranteed with a successful appeal, and any potential increases in aid eligibility are subject to fund availability. 

Examples of special circumstances include, but are not limited to, the following:

  • The student’s spouse is paying off his or her own educational loan(s) that is not in deferment
  • The student has incurred extraordinary medical/dental expenses
  • The student has separated or divorced
  • The student no longer receives untaxed benefits, such as child support, or other sources of income
  • The student has received a one-time disbursement of funds (severance package, bonus, etc.)
  • The student’s spouse has passed away

If you have questions, please contact:

Cathy Mullins, Director of Financial Aid
Mary Clark, Financial Aid Counselor

SIT Financial Aid Office
Tel: 802 258-3281
Tel: 800 336-1616 (toll-free in US)
Fax: 802 258-3500
Email: finaid@sit.edu