Pratt offers various kinds of assistance, ranging from academic merit-based scholarships to assistantships and loans. Entering Graduate Students Graduate students who are interested in applying for federal aid must complete and submit the Free Application for Federal Student Aid (FAFSA) to the Department of Education electronically by February 1. The 2014 Pratt Institute Fashion Show + Cocktail Benefit raised over $225,000. The proceeds will benefit Pratt scholarship funds and the Institute’s Department of Fashion. Cotton Incorporated was the lead sponsor for the Pratt Fashion Show + Cocktail Benefit.