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Financing Your Foster Graduate Degree

Financing Your Degree

Most Foster graduate students fund their degree through a mix of scholarships, employer support, personal funds, and loans. This page gives the big picture, then your program tuition/fees page provides the exact costs, what’s included, and any program-specific rules.

Program-specific tuition information


How Students Typically Pay

Federal Loans

Federal loans are available to eligible U.S. citizens and permanent residents. Many graduate students use Direct Unsubsidized Loans (commonly up to $20,500/year).

To be considered, students typically complete the FAFSA and use UW’s federal school code.

UW Student Financial Aid – Federal Loans

Private Loans

Private loans can help fill gaps when federal loans, scholarships, and employer support don’t fully cover costs.

Before You Borrow:

  • compare total cost (APR + fees), not just monthly payment
  • understand when interest starts accruing
  • confirm co-signer requirements (often relevant for international students)

UW Student Financial Aid – Private Loans

Scholarships

Scholarships vary by program. Some are awarded as part of admission; others have separate processes.

  • Check your program tuition page for scholarships specific to that program
  • Apply early where timing matters (some programs prioritize earlier rounds)

Employer Support

Many working professionals use reimbursement (paid after grades/term completion), direct sponsorship, or annual education stipends.

Confirm with Your Employer:

  • annual cap + lifetime cap
  • what expenses are eligible (tuition, fees, books, travel)
  • reimbursement timing (important for cash flow)
  • any retention requirements

Education Tax Credits

Some students may be eligible for federal education tax credits or deductions that can reduce overall education costs.

Before you rely on tax benefits:

  • Confirm eligibility requirements
  • Understand timing of tax credits vs tuition payments

Eligibility and savings depend on your individual financial situation. Consult a qualified tax professional to understand how these benefits may apply.

UW Student Fiscal Services – tax credit information


Veterans and Military-Connected Students

If you’re a veteran, active-duty service member, or a dependent, you may be eligible for education benefits that can help fund tuition/fees and other costs (eligibility varies). Some programs note that, depending on eligibility, the Post-9/11 GI Bill may cover a substantial portion of costs.

Next Steps


International Students

International students are generally not eligible for U.S. federal financial aid. Common funding sources include:

  • personal/family funds
  • home-country loans/scholarships
  • private loans (sometimes with a U.S. co-signer)

Important: Some programs have specific eligibility/visa constraints—always confirm on your program page.

Is a graduate degree worth it?

A graduate degree shouldn’t be judged only by whether it “pays off immediately.” Much of the value builds over the course of a career, through expanded opportunities, stronger capabilities, and a professional network that supports you long after graduation.

How to evaluate the return on your investment

Options and mobility: access to new roles, the ability to pivot industries or functions, and stronger negotiating leverage.
Capabilities that compound: leadership, strategy, finance, and analytical decision-making skills that strengthen over time.
Network and career infrastructure: alumni connections, mentoring, and career support that extend well beyond graduation.

Get Help

FAFSA / Loans / Eligibility Questions

UW Student Financial Aid

Email program admissions teams directly for program-specific questions.
Please note: Program teams can explain options and point you to resources; we can’t provide personal financial advice.