Chatham University

Financial Aid

Financial aid is the assistance students receive from federal, state, institutional, and private sources to help finance their college educations. Students must take at least six credits per term to qualify for financial aid. Financial aid will only cover tuition, fees, and books. We encourage students to borrow only what they need to cover their expenses. Financial aid may be based on financial need and/or merit. Financial aid may take the form of scholarships, grants, or student loans:

  • Scholarships: Gift aid that does not have to be repaid. Outside scholarships are available. They are typically based on academic achievement or other special talents or abilities.
  • Grants: Gift aid that does not need to be repaid. This type of award is usually based on financial need. Funds may be awarded through the state or federal governments, or the school you will be attending.
  • Student Loans: Assistance that is borrowed and must be repaid. These funds are typically deferrable until six months after graduation, or after a student ceases enrollment. Funds are available through the state and federal government, as well as private lenders.
Chatham University uses information from the Free Application for Federal Student Aid (FAFSA) to determine a student's need. To apply for financial aid, complete the FAFSA as soon as possible after January 1. You may apply online at fafsa.ed.gov. If you have not completed your federal tax returns for the prior year, estimates can be used in completing the form. If estimates are used it is very important to review the Student Aid Report (SAR) once it is received to make any necessary corrections. It is also important to take note of any state deadlines. 

Once a student has completed the financial aid application process and is found eligible for need-based and/or merit based aid, she or he will receive a financial aid package detailing the combination of sources used to provide financial assistance. Students are required to notify the Financial Aid Office of any outside scholarships. The Financial Aid Office must include awards as part of the financial aid package as the scholarship will be used to fulfill any unmet need. It is our hope that the financial assistance offered through Chatham University, combined with outside and personal resources, will provide the funding necessary for all qualified students to obtain a Chatham education. 

To be considered for need-based financial aid at Chatham, a student must meet certain minimum requirements:
  • Be enrolled in a degree-seeking program at Chatham on at least a half-time basis, which is 6 or more credits
  • Be a United States citizen, permanent resident, or eligible non-citizen (with appropriate U.S. government documentation)
  • Maintain "Satisfactory Academic Progress"
  • Demonstrate financial need
Financial Aid Website Resources External Scholarship Web Sites
The following sites house databases with many thousands of scholarship opportunities. All sites are free and some offer e-mail updates as new scholarships become available.

Graduate Financial Aid Availability

Degree-Seeking Graduate Programs

Students accepted into and enrolled in Chatham’s master’s degree programs and who are citizens or permanent residents of the United States are eligible to apply for financial aid through the Federal Stafford Loan program. International students are not eligible for the federal loan program and must rely on personal financial resources to fund their studies.

Teaching Certification Program

Students accepted into and enrolled in Chatham’s teacher certification program and who are citizens or permanent residents of the United States are eligible to apply for financial aid through the Federal Stafford Loan program. International students are not eligible for the federal loan program and must rely on personal financial resources to fund their studies.

Other Certification Programs

Students enrolled in one of Chatham's certification programs (except for the teacher certification program) are not eligible for financial aid through the Federal Stafford Loan program. However, they may be eligible for an alternative loan and should contact a financial aid counselor for more information.

Non-Degree Seeking Students

Students taking classes in one of Chatham's graduate programs but not yet admitted to the program are not eligible for financial aid through the Federal Stafford Loan program. Non-Degree Seeking Students can take up to six credits before having to enroll in the program, at which time they become Degree-Seeking Students eligible for financial aid as noted in the paragraphs above.

Other Student Loan Programs

  • The Federal Perkins Loan Program is administered by Chatham University and is awarded to students who have demonstrated financial need. Repayment and interest charges begin nine months after graduation or cessation of at least half-time enrollment, which is 6 credits. Students must sign a Perkins Loan Promissory Note in The HUB to receive these funds.
  • The Federal Subsidized Stafford Loan is awarded to students who have demonstrated financial need. To apply, see the Unsubsidized section below. Repayment and interest charges begin 6 months after graduation or cessation of at least half-time enrollment. For details, see Additional Information about Stafford Loans. Students must file a Master Promissory Note to receive these funds. Chatham University students have the choice of either using an AES/PHEAA or Sallie Mae lender. For more information on Stafford loans through AES/PHEAA, please visit www.aessuccess.org. For more information on Stafford loans through Sallie Mae, please visit www.salliemae.com. To apply for a Stafford loan, with either lender, please visit www.customschool.com.
  • The Federal Unsubsidized Stafford Loan is available to all students who have been denied or show reduced eligibility for the need-based Federal Subsidized Student Loan. The Unsubsidized Stafford loan also provides additional loan eligibility to independent students. To apply for both Subsidized and Unsubsidized Stafford loans, complete one application on-line by following these steps. While repayment beings 6 months after graduation or cessation of at least half-time enrollment, the student must make interest payments or have the interest capitalized during in-school, grace or deferment periods. For details, see Additional Information about Stafford Loans. Students must file a Master Promissory Note to receive these funds. Chatham University students have the choice of either using an AES/PHEAA or Sallie Mae lender. For more information on Stafford loans through AES/PHEAA, please visit www.aessuccess.org. For more information on Stafford loans through Sallie Mae, please visit www.salliemae.com. To apply for a Stafford loan, with either lender, please visit www.customschool.com.
  • The Federal Parent Loan for Undergraduate Students (PLUS) is made available through lending institutions to parents of dependent students. Students and parents can apply on-line by following these steps. Parents must submit an application to the lending institution for a credit check. Chatham University students have the choice of either using an AES/PHEAA or Sallie Mae lender. For more information on Stafford loans through AES/PHEAA, please visit www.aessuccess.org. For more information on Stafford loans through Sallie Mae, please visit www.salliemae.com. To apply for a Stafford loan, with either lender, please visit www.customschool.com.

Which loan is right for you?
We understand that decisions involving alternative ways to finance your education can be very confusing. For your convenience we are providing a comparison chart, which contains pertinent information about both loans.

Please note that the majority of Stafford Loans are delivered to Chatham University through electronic funds transfer. In some cases where students choose a lender that is not on our Preferred Lender list, Stafford and/or PLUS loan funds may come in the form of a check, which requires a student or parent signature. All other forms of Student Financial Aid are disbursed to Chatham University via electronic funds transfer or check.

Other Non-Federal/Private Loans, sometimes called Alternative Loans, are available to all students to help fill the gap that sometimes exists between the cost of a Chatham education and a financial aid award. Private loan programs vary and are available from many lenders. These programs usually require credit worthiness or a co-signer. Students and parents can apply by following these steps. Details are available about interest payments on alternative loans. For instructions on how to apply for this loan, please visit http://www.customschool.com/chatham/transition.html

For International Students
Financial aid for international students at Chatham is available to eligible students in the form of scholarships (aid that does not require repayment). For more information, applicants may contact the international admissions counselor at the Office of Admissions.

Questions?
If you would like to discuss your financial aid options, please contact their office by email at financialaid@chatham.edu or by phone at (412) 365-2797, option 1, from 9:00am - 5:00pm US Eastern time.