Financing Graduate School

Given how much of a monetary commitment graduate school is, it’s best to find as many financial resources as possible.

Financing your graduate education is one of the critical factors when considering a graduate program. You want to make sure that you are getting the most out of your investment. But often it’s hard to know where to begin and what options are available. Tennessee Tech has a number of resources for graduate students. While a student can pursue taking out a loan, there are other options, including:

Graduate Assistantships

Diversity Fellowship

Other Federal Student Aid Funding Resources

Below are some tips from University of Maryland graduate, Joe Oudin:

1. Start thinking about your graduate school finances early.

Before you even begin applications, you should understand what loans you already have and consider what your financial situation might look like as a graduate student. If you’re considering graduate school at the same institution you attended for undergrad, look for opportunities to get graduate credit while you’re still an undergrad. When I was an undergraduate senior, my university allowed me to take graduate courses that counted toward my master’s degree and saved me thousands in future tuition expenses.

2. Learn about the different types of federal aid for graduate students.

Your federal aid package will probably be different than what you were offered as an undergraduate. FAFSA4caster can give you an idea of what types of federal aid you will qualify for. Graduate students have a variety of federal student aid options and are considered independent on the FAFSA. Make sure you complete your FAFSA on time. You might have to complete it even before you know your admission status.

3. Seek funding opportunities at your particular university or graduate program.

Individual schools offer a variety of graduate funding options such as scholarships, graduate assistantships, and graduate fellowships. These are sometimes a more significant source of aid for graduate students than federal aid. When you’re trying to decide on a graduate program, make sure you compare the types of funding offered to students. Once you commit to a graduate program, proactively seek funding opportunities from your program or university.

4. Be proactive and stay on top of everything.

I enrolled in a graduate program at the same university as my undergraduate study, so I expected a smooth transition. A few weeks after I committed to my graduate program, I received a notification from the university saying I was ineligible for financial aid. After a moment of panic, I realized there was no way that this could be true. It turned out that there was confusion in the school’s computer system because I was enrolled as both an undergraduate and a graduate. The problem was easily fixed when I called my school’s financial aid office. Despite submitting my FAFSA and all other paperwork correctly and on time, I still ran into a few speed bumps. With grad school, it is ultimately your responsibility to make sure that everything is submitted correctly and to follow up when necessary. Being proactive can make the financial aid process go much more smoothly.

Source: https://blog.ed.gov/2016/07/financial-aid-tips-for-graduate-students/

Finding Housing in Cookeville

If you’re from out of town, it’s important to explore all of your housing options before deciding on a place to live.

Luckily, Cookeville is a really cheap place to find housing. According to this site, Cookeville’s cost of living is decently lower than the U.S. average. In addition, Cookeville’s housing costs are even lower, with an average of $526 rent for a 1-bedroom apartment. But it’s important to know what will suit you best.

On-Campus Housing

Some students choose to stay on-campus due to the convenience of location, safety, and low-maintenance upkeep. Alcohol and smoking are prohibited, and students who choose to stay over semester breaks can make special housing arrangements with an additional daily charge.

Residence Halls

Tennessee Tech has on-campus residence halls  with semester rates ranging from $2,525 for a 1 person room in a traditional hall to $4,795 for a double room as a single room buyout in the new halls.

Tech Village Apartments

Students can also choose to live in a Tech Village Apartment, which is designed to feel more like an apartment and less like a dorm room. The rates are also a bit cheaper than the residence halls, ranging from $1,370 for a two-bedroom split between 4 people to $5,480 for a two-bedroom for one person.

Finding Housing Off-Campus

Many students choose to live in apartments or houses off-campus due to the high availability of affordable options. It’s important to figure out what kind of place you’re looking for by determining your preferences:

  • Price range
  • Number of bedrooms and bathrooms
  • Proximity to campus
  • Pets/no pets
  • Smoking/non-smoking
  • Utilities included/not included in rent
  • Washer/Dryer hookups or laundry service availability
  • Roommates/no roommates
  • Furnished/unfurnished
  • Wi-fi/internet availability
  • Other preferences

The following are some resources available for Cookeville housing:

http://www.homes.com/rentals/cookeville-tn/

https://cookeville.craigslist.org/search/apa

https://www.trulia.com/for_rent/Cookeville,TN/

http://www.rentalguide.net/Rentals/TN/City/Cookeville/Listings.html

https://hotpads.com/cookeville-tn/houses-for-rent

https://www.apartments.com/cookeville-tn/

http://www.homesandland.com/For-Rent/Cookeville,TN/

https://www.rentjungle.com/cookeville-tn-apartments-and-houses-for-rent/