Beginning your graduate studies is sometimes more expensive than anticipated. Here are some important facts you should know:
Teaching Assistantship Income
- If you have a Teaching Assistantship, you will not receive your first paycheck until late September. Make sure you have all the appropriate forms to Joan Lund on time or this check will be late.
- Though TAs receive a tuition remission, the University charges fees that we cannot waive. These fees vary, but are now about $238 per semester.
Sample Costs Prior tu Your First Paycheck
- Living Expenses: Generally first and last month's rent plus a damage deposit, possibly deposits for utilities.
- Students Fees: The Bursars Office does take credit cards.
- Course Texts: Can cost between $100 and $250 per semester.
- Health Insurance: Your student fees pay for basic medical care at Boynton Health Clinic. Also, if you are on a regular assistantship, your benefit package includes health insurance coverage unless you are already covered by another plan, such as your family's insurance.= Additional insurance to cover family members can be purchased.
Student Loans
- Short-term emergency loans are usually available through SELF (Student Emergency Loan Fund), which can be reached at 625-2650 or e-mail self@tc.umn.edu. In 2000, loans were for a maximum of $600 ($900 for the year) and are due in ninety days.
- Long-term loans are available to almost all graduate students, even if you have been employed over the past year. Contact your local bank or the University of Minnesota Financial Aid Office (Fraser Hall 210) at 624-1665 and ask about the subsidized and unsubsidized Stafford Student Loan Programs. These loans can provide up to $17,000 per year that are repaid after you complete your graduate education.