Financial Aid Overview

Funding your Graduate Studies

Meridian University is approved by the U. S. Department of Education for participation in Federal Student Loan Programs. Meridian’s degree programs are approved for the training of veterans and other eligible persons under Title 38, U.S. Code for VA Education and Training Benefits.

Federal Graduate Student Aid

Unsubsidized Direct Loans

are backed by the federal government. Students can borrow up to $20,500 each academic year in direct unsubsidized loans. The maximum total debt from subsidized (undergraduate) and unsubsidized loans is $138,500 for graduate or professional students. The graduate debt limit includes all federal loans received for undergraduate study.

Available to graduate students
No requirement to demonstrate financial need
Meridian determines the amount you can borrow by considering the cost of attendance for full or half time enrollment
Has a fixed interest rate 4.306% (July 1, 2022 to June 30, 2023)

Please note that your student loan(s) will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.

Federal Direct Graduate PLUS loans

are federal loans that graduate students can use to help pay education expenses. The U.S. Department of Education provides the loans only to borrowers through schools participating in the Direct Loan Program, like Meridian.

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The U.S. Department of Education is your lender
The student may not have an adverse credit history
Has a fixed interest rate 5.30% (July 1, 2022 to June 30, 2023)
Students may be able to utilize a cosigner/guarantor if they do not meet credit history requirements.
Provide proof of compliance with selective service registration and drug conviction regulations
Must be making Financial Aid Satisfactory Academic Progress (FSAP) toward the completion of degree requirements
Students are responsible for paying the interest on a Direct Unsubsidized Loan during all periods. If a student chooses not to pay the interest while they are in school or during grace periods and deferment or forbearance periods, interest will accrue (accumulate) and be capitalized (that is, interest will be added to the principal amount of the student’s loan).

Veterans Administration Educational Benefits

To find out if you are eligible under any applicable VA program

call

1-888-GIBILL1

Visit

gibill.va.gov

VA Educational Benefits take effect on the date on which the individual provides to Meridian a certificate of eligibility for entitlement to educational assistance under chapter 31 or 33 of Title 38.

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Impact Scholarships

Available to students worldwide, Meridian University's Impact Scholarships represent the University's commitment to supporting graduates to take transformative action in the fields of Business, Education, Leadership, and Psychology.

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Applicants and students in the following degree programs are eligible to apply for an Impact Scholarship:

MBA in Creative Enterprise
MEd in Educational Leadership
MA in Psychology

International Student Financial Aid

Institutional Student Financial Aid is available to students not eligible for Federal Student Aid (FSA) and based on demonstrated financial need. Learn more about Financial Aid for International Students.

International Student Scholarship
Meridian’s Diversity Grant
Meridian Income Share Agreement
Meridian Impact Scholarships

Learn More

financialservices@meridianuniversity.edu

Contacting the Financial Aid Office

Student Consumer Information

All postsecondary institutions participating in Federal Student Aid programs are required to make available certain information to assist consumers in making better-informed decisions about their educational options.

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