Tuition and Financial Aid at PRGS
Tuition is $26,500 for the academic year 2014–15. First and second year students pay $26,500 in tuition. Tuition for students in years 3–5 is $16,500. Some students who entered the program prior to 2013 may also have a first year debt repayment obligation of up to $10,000. Students in years 6 or higher pay a tuition of $19,500.
Beginning with the entering class of 2013, all eligible students receive full-tuition scholarships for their first year. They are also eligible for partial-tuition scholarships in their second year. Tuition in years 3–5 will be at the reduced rate for all students.
Tuition is payable in three installments, one at the beginning of each academic quarter. Students may choose to have their tuition payments deducted from their fellowship checks on a pro rata basis.
As noted on the Fellowships & Scholarships page, students without scholarships are obligated to repay fellowship funds advanced to them in their first year of study in years 3–5, once their tuition has been reduced. This additional On-the-Job Training (OJT) debt repayment may increase their total payments to Pardee RAND near to, but not in excess of, the full tuition amount for that year.
Financial aid loans are available through the federal government's Direct Loan program. This includes Unsubsidized Stafford loans and GradPlus loans. The current annual limit for Unsubsidized Stafford loans is $20,500 and the limit on GradPlus loans is determined by the cost of attendance. Loans must be applied for on an annual basis. U.S. citizens and permanent residents are eligible.