How Do I Pay for Graduate School?

Financial Aid Process • Payment Plans

Accredited and Affordable Master's Programs

Payment Options

We know that paying for your graduate degree is an important factor when choosing a school. Contact the Graduate Information Office to talk more about the key factors to consider – or, read on to learn about the different ways you can finance your graduate degree.

Financial Aid Process

Applying for Financial Aid

Complete all steps below to apply for financial aid. Note: There are financial aid options that are not based on need. Most students in our graduate education programs use financial aid to pay for the program. We recommend that you complete these steps as soon as possible to make sure that your payment arrangements are in order by the first night of class. For help, please contact the Financial Planning Office at (502) 863-8027.


Students beginning in Spring 2023 should submit the 2022-2023 form. You will need your 2021 Federal Tax Return. All students will need your FSA ID ( and Georgetown College’s School Code (001964). Graduate students are considered independent for financial aid purposes.


Review your Student Aid Report (SAR) for accuracy

You will receive this form 7-10 days after the FAFSA is submitted. If there are any errors on your SAR, log back into your FAFSA to make corrections.


Complete Loan Entrance Counseling and the Master Promissory Note

Both can be completed at (you will need your FSA ID from Step 1).


Request Financial Aid

Email Graduate Financial Planning at In your email, please include the following information:

i. Student name
ii. Student ID number (if known)
iii. Number of hours you are scheduled for (typically 6 hours)
iv. Semester for which you are requesting aid
v. Type of aid requested (loan, TEACH grant, or both)
vi. Dollar amount you are requesting.

• If you are unsure of the amount you wish to request you may indicate to simply cover certain charges. Examples include:
i. Tuition
ii. Tuition and fees
*If you do not request to cover any and all fees, you will still have a balance due after your loan or grant comes in.


Receive Notice that Financial Aid Has Been Awarded

Once a student has been awarded financial aid it is necessary that the student accept his/her awards before they will be applied. An email will be sent to your Georgetown College email address to confirm that financial aid has been awarded with instructions to accept each award.


Accept Financial Aid

In order to accept financial aid awards it is necessary to complete all of the following instructions:

i. Log in to the website
ii. Select the Grad Ed tab
iii. Under Financial Aid Awards select the appropriate award year
iv. Click View Financial Aid Awards.
v. For each award select Accept or Decline.

Complete all steps below to enroll in a monthly payment plan. This plan will allow you to spread out tuition payments over the entire semester, and will break your tuition bill into more manageable payments.

Federal Student Loans are also available for graduate students (see above).

NOTICE: Your first payment will be due no later than the start of your first course. If you have not made financial aid or payment plan arrangements by the start of your first course you will receive a bill via e-mail to your account. Tuition bills will be e-mailed monthly; paper bills will not be mailed.

How to Enroll in a Deferred Payment Plan:

  1. Log into your account to view your tuition E-Bill.

  2. Download a Deferred Payment Form from the portal.Print, sign, and mail your Deferred Payment Form along with your first payment prior to the due date on your first E-Bill. This signed agreement and first payment is due by the first day of class.

  3. Continue to make your scheduled payments. The Deferred Payment Plan allows you to make three consecutive monthly payments over the course of a semester. Each payment will be 1/3 of your total tuition bill for the semester.

Questions? Contact the Business Office by phone at (502) 863-8700 or by e-mail at

If you and your school qualify, this program may provide loan forgiveness for eligible Federal Direct Loans. This is a separate program requiring separate forms and processes. The U.S. Department of Education will determine your eligibility for this program. Georgetown College is not responsible to verify your eligibility for this or any other program. Please do not base your enrollment on this program as it can be difficult to ensure qualification for Government Programs, which are subject to reform and funding changes.

You must call 1-800-4-FED-AID to verify your eligibility or visit for more information.

The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides up to $4,000 a year in grant assistance to students who plan to teach in certain high-need fields. In order to be eligible for a grant, a student must submit a FAFSA form and sign a Declaration Sheet to agree to serve as a full-time teacher at certain low-income schools and within certain high-need fields for at least four academic years within eight years after completing (or ceasing enrollment in) the course of study for which the candidate received a grant. By signing the Declaration Sheet, you are confirming that you meet the stipulations of the TEACH Grant as outlined in the Declaration Sheet.

For more information please contact the Financial Aid office at (502) 863-8027 or


  • If you prefer, you may pay your tuition balance in full via The system accepts Electronic Check, Visa, MasterCard, Discover and American Express. The service fee for electronic check payment is $3 and the service fee for credit/debit card payments online is 2.5%.