Admissions & Financial Aid

Graduate Aid

Types 

Assistantships

UMass Boston supports graduate education primarily through assistantships. Assistantships are not awarded by Financial Aid Services. They are formal service contracts between you and your graduate school department. They may include:  

  • a tuition waiver
  • a waiver of fees
  • a stipend

The number of graduate assistantships are limited based on budget. Contact your Graduate Program Director for more information. Financial Aid Award Packages may be adjusted for students receiving assistantships.

International Students

  • May apply for assistantships

  • Must be enrolled full-time (9 credits) to comply with immigration regulations 

Grants

TEACH Grant Program

  • federally-funded program
  • stands for The Teacher Education Assistance for College and Higher Education (TEACH)
  • provides up to $3496 per year to students who are completing or who plan to complete coursework that is required to begin a career in teaching and agree to serve as a full-time, highly-qualified teacher in a high-need subject area in a designated low-income school for at least 4 years within 8 years of graduating
  • based on your FAFSA application
  • intended for students who will teach full-time in high-need subject areas for at least four years
  • must serve students from low-income families
  • part-time students are eligible for the grant at a reduced level
  • requires completion of one or more forms. Scan the list for the appropriate TEACH Grant Program form

Loans

Most graduate students are heavily dependent on loans. You must be enrolled at least half-time (6 credits or more) to be considered for student loans. Be cautious of your total loan liability and your repayment obligations.

Federal Perkins Loan

  • federally-funded program
  • low-interest (5 percent) loan
  • Based on exceptional financial need

Federal Direct Unsubsidized Loan

  • federally guaranteed loan that is not based on financial need
  • interest accrues from the time the loan is disbursed to the school
  • not required to make interest or principal payments until six months after graduation, or six months after you drop below half-time enrollment

The Federal Direct PLUS Loan for Graduate or Professional Students

  • a low interest, credit based loan
  • borrow directly from the U.S. Department of Education
  • must be enrolled at least half-time
  • not required to make interest or principal payments until six months after graduation, or six months after you drop below half-time enrollment

Alternative Loans from Private Lenders

  • a credit-based loan from a private lender or other financial institution
  • can be costly and should be considered as a last resort

Be a Responsible Borrower

Federal Work-Study

  • part-time student employment funded by a federal grant
  • eligibility based on financial need
  • work for the University or an approved Community Service Program off campus such as America Reads

Institutional Student Employment Program

  • part-time student employment on campus funded by UMass Boston