Admissions & Financial Aid

Undergraduate Aid

The One Stop at UMass Boston

Announcements

Many Options

The federal government is the major source of financial aid. If you are a Massachusetts resident, you may also qualify for state financial aid funding in addition to a reduced tuition rate as a Massachusetts resident.

UMass Boston and alternative private lenders are two additional sources of funds to help pay for college. 

Complete the FAFSA (Free Application for Federal Student Aid). That is all you need to do to get started. 

Several awards are based on allocations and may not be available to all qualified applicants.

Types of Undergraduate Aid:

Federal funding includes:

State funding includes:

UMass Boston funding includes:

  • UMass Boston Fee Grant
  • Merit-Based Awards based on academic performance
  • Achievement Award

Federal Pell Grant

  • federally-funded program
  • eligibility is based on Expected Family Contribution (EFC) and other federal eligibility requirements as determined by the Federal Government
  • available to undergraduate students pursuing a first bachelor's degree or undergraduate certificate program

Federal Supplemental Educational Opportunity Grant (FSEOG)

  • federally-funded program
  • eligibility is based on demonstrated financial need with priority consideration given to Pell Grant recipients

Federal TEACH Grant

  • federally-funded program
  • provides up to $3,964 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 
  • meet certain academic achievement requirements (i.e. maintain a cumulative GPA of at least 3.25)
  • may need to be repaid if student does not fulfill teacher service agreement
  • requires completion of one or more forms. Look for the appropriate one labeled TEACH Grant Program

Federal Loans — Require Repayment

Federal Perkins Loan

  • federally-funded program
  • must be enrolled at least half-time
  • low-interest (5 percent) loans for both undergraduate and graduate students with exceptional financial need.

Federal Direct Loan

  • federally funded loans
  • available to undergraduate and graduate students at low interest rates
  • must be enrolled at least half-time 
  • deferred payment plan 

Federal Direct Subsidized Loans

  • Direct Subsidized Loans are available to undergraduate students with financial need.
  • Your school determines the amount you can borrow, and the amount may not exceed your financial need.
  • The U.S. Department of Education pays the interest on a Direct Subsidized Loan

                    ○     while you’re in school at least half-time,
                    ○     for the first six months after you leave school (referred to as a grace period*), and
                    ○     during a period of deferment (a postponement of loan payments).

*Note: If you receive a Direct Subsidized Loan that is first disbursed between July 1, 2012, and July 1, 2014, you will be responsible for paying any interest that accrues during your grace period. If you choose not to pay the interest that accrues during your grace period, the interest will be added to your principal balance.

Federal Direct Unsubsidized Loan

  • Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need.
  • Your school determines the amount you can borrow based on your cost of attendance and other financial aid you receive.
  • You are responsible for paying the interest on a Direct Unsubsidized Loan during all periods.
  • If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).

The Federal Direct Parent PLUS Loan

  • a low interest, credit based loan
  • borrow directly from the U.S. Department of Education
  • must be enrolled at least half-time
  • payment begins after disbursement with options to defer

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

Mass Grant

  • a state-funded program administered by the Massachusetts Office of Student Financial Assistance
  • eligibility is based on your Expected Family Contribution (EFC)
  • available to undergraduate students enrolled full-time who are Massachusetts residents. Parents of dependent students must also be Massachusetts residents
  • must file FAFSA prior to May 1

Mass Cash Grant

  • state-funded program
  • eligibility is based on demonstrated financial need
  • available to undergraduate students who are Massachusetts residents

Mass Part-Time Grant

  • a state-funded program
  • student must be a matriculated Massachusetts resident attending part time (6-11 credits)
  • eligibility is determined by the Financial Aid Office based on need and the availability of funds

Need-Based Tuition Waiver

  • state-funded tuition waiver program
  • eligibility is based on demonstrated financial need and fees charged
  • available to undergraduate students who are Massachusetts residents

UMass Boston funding includes:

  •     UMass Boston Fee Grant
  •     Merit-Based Awards based on academic performance
  •     Academic Achievement Award

Other Financing Options: