Students are eligible to apply for the FFEL Stafford Loan program through Title IV federal Funds. Applicants must:

1. Complete the admissions process and be fully admitted to Mars Hill Graduate School.
2. Complete the Free Application for Federal Student Assistance (FAFSA) the federal code for MHGS is G34664.  
3. Submit additional documentation to verify eligibility as requested by the student financial services.  

Also see the financial aid checklist.

• Accepted students should file their FAFSA to begin the financial aid process. 
• During the spring Student Financial Services will create award letters which will inform students what type(s) of aid each student qualifies for.  Student award letters will be available to review and accept online through the MHGS student portal by June 15th for all enrolled students. 
• Once an award letter has been accepted new students may have additional instructions to complete the aid process.  Links to these documents will be available through the MHGS student portal with the Award letter.  New student loan borrowers will be required to complete the following before their student loans can be finalized:
  • Student Loan Entrance Counseling
  • Selection of Lender/Completion of Master Promissory Note 

Once the student has completed the financial aid application and award process, their loans will be scheduled for disbursement, generally done the first day of each term. These funds will be applied to the student’s account and any credit balance will be returned to the student within 14 days. 
  Students are encouraged to speak directly with Student Financial Services if needing to inquire about funds in addition to the already mentioned $20,500 available in federal Stafford loans.  Students receiving financial aid assistance through the Title IV FFELP Stafford Loan Program may be required to repay the loan should they withdraw or drop below half-time standing before 60% of the term has passed. Calculation of the amount to be repaid is based on the number of weeks the student was enrolled at least half-time (four credit hours) for that term.

Exceptions to financial aid policies may be appealed.  Please refer to the Academic and Financial Appeal section in the catalog.