• Financing Your Education
• My Financial Aid
• Basics of Financial Aid
• Financial Aid FAQ's
• Tuition and Fees
  • 2012-2013 Tuition and Fees
  • 2013-2014 Tuition and Fees
  • Housing and Meal Fees
  • Payment Plans and Agreement
  • Billing Information
  • Refund Policies
  • Summer Quarter Refund Policies
  • Tuition Variance
  • Graduate Tuition Grant
  • Employer Direct Billing and Tuition Reimbursement Policies
  • Financial Options
• Expense Planner
• Early Financial Aid Estimator and Net Price Calculator
• Accept Your Award Offer
• Loans
• Scholarships
• Student Employment / Work-study
• Veteran's Information
• CashCourse
• Forms and Resources
• Financial Aid Office Newsletter
• Contact Financial Aid or Student Accounts

MSOE understands that financing your education is a very important consideration. Therefore, we have provided the following information on several financing options available to our students. Feel free to contact the MSOE Financial Aid Office if you have any questions about the following financing options.

Financial Aid
All degree seeking students are encouraged to file a Free Application for Federal Student Aid (FAFSA). This can be done online at www.fafsa.gov. MSOE will use the information submitted on your FAFSA to determine what institutional, state, and federal financial aid you may be eligible for. Please visit the Apply for Financial Aid webpage for more information.

Federal Direct PLUS Loan
A federally insured credit-based loan available to parents of dependent students with a 7.9 percent fixed interest rate. The Federal Direct PLUS Loan enables the parent to borrow up to total cost of education for an academic year, less any financial aid awarded to the student. Repayment begins 60 days after loan is fully disbursed. Parents are eligible to request to defer payments on this loan until 6 months after their student ceases half-time enrollment by contacting their loan servicer. Parents desiring Federal Direct PLUS Loans are required to apply yearly. Please visit the Federal Direct PLUS Loans webpage for more information.

Scholarships
MSOE offers links on our website to common private scholarship search engines. Last year our students received almost a half of a million dollars worth of scholarships from such sources.

MSOE also recommends reviewing our Annual and Endowed Scholarships webpage for scholarships currently available.  This page is updated often, so be sure to check back frequently.

VA Benefits
Any student who served in the armed services of the United States, either regular services, Selected Reserves, or National Guard may be eligible for some form of financial assistance. For more information, please visit the veteran's information page.

Alternative Loans
Private credit-based student loans in the student's name with a credit-worthy co-signer. Alternative loans allow the degree seeking student to borrow up to the total cost of education for an academic year, less any financial aid awarded to the student. Interest rates for alternative loans are variable with no cap and typically change quarterly. Interest will accrue while the student is enrolled, but normally, no payments are required until 6 months after the student ceases to be enrolled at least half-time. The terms of each loan vary by lender, please visit the Alternative Loan Fact Sheet on our Alternative Loans webpage. 

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