$150 Million in Financial Aid
Did you know you can file your FAFSA now? File Yours Today!
There are new changes to the Free Application for Federal Student Aid (FAFSA) process. All students are now able to submit the 2017-2018 FAFSA as of October 1, 2016 rather than January 1, 2017, giving students and families more flexibility to get a jump start on the year.
When filling out the FAFSA information, you can now use your income information from an earlier tax year. For example, on the 2017-2018 FAFSA, you and your parents will use 2015 income information, rather than wait to use 2016 income information.
For more details, read the fact sheet called College Students and Parents: What You Need to Know About the 2017–18 FAFSA®.
For step-by-step instructions for how to submit corrections on your FAFSA using the IRS Data Retrieval Tool, watch this video.
We award approximately:
- $72 million in tuition credits and grants including $20 million in UMass Boston fee grants and Academic Achievement Awards
- $2 million in employment
- $78 million in loans
Your financial aid funds come from:
- The Federal Government
- The Commonwealth of Massachusetts
- UMass Boston
Your Financial Aid Award Notification Letter lists the types and amounts of financial aid for which you are eligible for the entire academic year. It usually includes a combination of grants, work-study and loans from a variety of funding sources.
To determine your eligibility, simply complete the Free Application for Federal Student Aid (FAFSA). This one application is all you will need to be considered for most of the aid available.
The financial information you report on your FAFSA determines your Expected Family Contribution (EFC) to pay for your education. This is an estimate of the amount of money you’ll need to supplement the financial aid you qualify to receive.
Financial aid can be confusing. Don’t worry. Ask us for help. We can explain all the terminology listed below.
Federal funding sources include:
- Federal Pell Grant
- Federal SEOG Grant
- Federal Teach Grant
- Federal Perkins Loan
- Federal Direct Subsidized Loans
- Federal Direct Unsubsidized Loans
- Federal Direct PLUS Loans for Graduate or Professional Students
- Federal Parent PLUS Loans
- Federal Work-Study
State funding sources include:
- Mass Grant
- Mass Cash Grant
- Mass Part-Time Grant
- and other state funds
UMass Boston funding includes:
- UMass Boston Fee Grant
- Merit-Based Awards based on academic performance
- Academic Achievement Award
- Dean's Scholarship
- Beacon Scholarship
- Need-Based Tuition Credit
Other Financing Options:
- Alternative Private Loans
- UMass Boston In-House Payment Plan