Eligible students at the Institute of World Politics can finance their studies through federal student loans, private student loans, VA Educational Benefits, and a variety of scholarships and fellowships.
Federal Student Loans and V.A. Benefits
The Institute is eligible for Title IV federal funds, which enable students to use federal student loans to fund their IWP education. For more information about federal student loans, please click here. Students at the Institute are also eligible for Veterans’ Affairs benefits.
2013 -14 Federal Financial Aid Instructions
IWP offers students the opportunity to finance their education using the federal student loan programs. In order to apply for federal student loans, students should complete the following:
- A 2014-15 Free Application for Federal Student Aid (FAFSA) found at www.fafsa.ed.gov. IWP's federal student code is G41144. If you are an applicant for Summer/Fall 2014, the deadline to submit the FAFSA for 2014-2015 is June 1. If you are an applicant for Spring 2015, the deadline is November 1.
- Additional documentation may be requested, including copies of your 2012 Federal Income Tax forms. You do not need to submit the additional documents unless they are requested by the Office of Financial Aid.
The Budget Control Act of 2011 made significant changes to the federal student loan program. Congress voted to eliminate the federal student loan subsidies for graduate students. This means that graduate students are only eligible for unsubsidized federal student loans and the credit based Grad Plus loans. An unsubsidized student loan begins to accrue interest from the date of disbursement. You should keep this in mind when making your financial aid decisions for the 2013-2014 academic year and beyond. Please click here for an Elimination of Federal Student Loan Interest Subsidy FAQ.
Newly admitted students who have submitted the above items and are accepted into a Master's or Certificate program for Fall 2013 and Spring 2014 can expect to receive a Financial Aid Award Letter shortly after receiving their notice of admission, generally within 2-3 weeks.
Returning students who have submitted the above items can expect to receive an award letter for the 2013-14 academic year by July 1.
In order to be considered for federal student loans, one must meet the following general guidelines:
- be a citizen, national, permanent resident, or other eligible non-citizen of the United States;
- plan to enroll at least half time (at least 5 credit hours) in a Master's or Certificate program. This applies to the summer term as well as the fall and spring terms;
- have a valid U.S. social security number;
- be in compliance with Selective Service registration, if male;
- cannot be in default on any educational loan and not owe a refund on a grant or a loan at any institution; and
- cannot have been convicted of certain drug offenses.
Ms. LaNae Herrera, IWP's Director of Financial Aid, is available for consultations at 202-462-2101 x315 or or via email.