Paying for Grad School
|For your present and future well being, it is important for you to stay informed and make good decisions about your finances. For most students, it makes the most sense to:|
Make a Budget
The most important step toward financial success is making a budget. Watch the video below or visit http://StudentAid.gov/Budget for more information.
UTEP's School Code is 003661.
Many graduate students use loans to pay for all or part of their graduate education. In order for you to be considered for most forms of financial aid, you should complete the Free Application for Federal Student Aid. Even if you don’t plan to accept student loans, US citizens and eligible non-citizens should complete the form in order to be considered for certain need-based grants and other types of funding. The US Department of Education Office of Student Aid provides information about aid programs, eligibility, and loan repayment. Remember to:
- Borrow only what you need
You have to pay it back!
- Keep in mind your likely income after you graduate
Will your starting salary allow you to easily pay back your loans?
- Explore loan repayment options
There are loan repayment and—in certain fields—forgiveness programs.
- Complete your graduate program as quickly as possible
Loans accrue interest over time. Delayed graduation means delayed earnings.
- Beware predatory lenders
Some lenders and schools haven't acted in consumers' best interests. Do your homework.
The UTEP Office of Financial Aid coordinates the processing and dispersal of financial aid to UTEP students. You may check the status of your awards by using the “My Status” tool at https://mystatus.utep.edu. You can also view, accept, or decline your awards at http://My.utep.edu. There, log in using your single sign on credentials, click “Goldmine,” and then select “Financial Aid.”
Depending on your field and specific circumstances, there may be ways to offset the costs associated with graduate school. There are supplementary Internal Funding Opportunities to help with professional development, research, and travel expenses. There are also a variety of External Funding Opportunities and Funding Opportunities for Mexican Students:
Many graduate students have the opportunity to work as a Research Assistant (RA), Teaching Assistant (TA), Graduate Assistant (GA), or similar position. Contact your program or department for more information about assistantships. The Division of Student Affairs also maintains a webpage with more information about student employment. In addition to receiving income to offset living expenses, graduate student employees (GSEs) are eligible for certain benefits, including:
- Other Kinds of Employment
You can also explore other employment opportunities, on campus and off, by logging onto JobMine.