GRANT PROGRAMS - Federal Pell Grant Program
Available to undergraduate students without a bachelor's degree enrolled for six or more credits who demonstrate need. - Amounts vary from $400 - $4,800 a year
- Academic Competitiveness Grant
Federal grant available to first and second year students enrolled full-time in a four-year degree program. Students must be Pell eligible and have completed a rigorous high school program of study as designated by their state. Second-year students must have a grade point average (G.P.A.) from their first year of at least 3.0.
- Academic Recognition Scholarships
Available to incoming full-time, academically-talented undergraduate students. Selected by Admissions Office on the basis of G.P.A. and/or Standardized Test Scores. Renewable based on continued full-time enrollment with cumulative G.P.A of 3.0 or better. - Amounts vary from $500 to $3,000 a year
Federal grant available to students in their third or fourth academic year of a four-year degree program; pursuing a major in mathematics, science (including physical, life, environmental and computer sciences), technology, engineering, or a critical foreign language, such as Arabic, Chinese, Korean, Japanese and Russian. Students must have a grade point average (G.P.A) of at least 3.0.
- Federal Supplemental Educational Opportunity Grant
Available to undergraduate students without a bachelor's degree enrolled for nine or more credits who demonstrate exceptional need. - Amounts vary from $200 - $1,800 a year.
- Tuition Waiver/Mass Cash Grant
State grant or waiver available to undergraduate residents of Massachusetts without a bachelor's degree enrolled for six or more credits who demonstrate need. All or part of your tuition & fee charges may be waived or paid.
- Massachusetts Grant Program (MASSGrant)
A State grant for a maximum of eight semesters. Available to Massachusetts residents who do not have an undergraduate degree. Full-time enrollment required. FAFSA filing deadline is May 1.
- Massachusetts College of Liberal Arts Grant
Available for undergraduates enrolled for six or more credits who demonstrate need. - Amounts vary from $200 - $2,000 a year
Available to part-time undergraduate residents of Massachusetts without a bachelor's degree enrolled for 6-11 credits who demonstrate need. - Awards vary from $200 - $600 a year
- Paul E. Tsongas Scholarship
Availalbe to full-time Massachusetts residents in the top ten percent of their high school graduating class (or who have a recalculated G.P.A. of 3.75 or better) and SAT I totals of 1200. Renewable based on continued enrollment with a cumulative G.P.A. of 3.3 or better. Scholarships are awarded at the time of admissions.
STUDENT EMPLOYMENT PROGRAMS - Federal College Work Study
Part-time jobs for students enrolled for nine or more credits who demonstrate need. Bi-weekly paycheck received for hours worked. Wage begins at $7.50 per hour. All earnings are paid at straight time. Apply using the standard application procedures. Award cannot be applied to the semester invoice. - Awards vary from $1,000 - $2,000 a year
- Campus Part-Time Employment
On-campus jobs funded by Massachusetts College of Liberal Arts that are not based on financial aid eligibility. Apply at Career Services.
- Job Location and Referral Service
Alternative employment options in the community. Apply at Career Services.
LOAN PROGRAMS - Federal Perkins Loan Program
Long-term, low-interest (5%) loan. Available to undergraduate and graduate students enrolled for six or more crediits who demonstrate need. Apply using the standard application procedures. Repayment begins nine months after graduation or withdrawal. - Amounts from $200 to $3,000.
- Federal Subsidized Stafford Student Loan Programs
Long-term, low interest. Fixed interest of 6.0% for the 2008-2009 academic year. Available to undergraduate and graduate students enrolled for six or more credits who demonstrate need. Repayment for students begins six months after graduation or withdrawal. Loan fees up to 2% will be deducted from all loan proceeds. For the 2008-2009 academic year, students borrowing a Subsidized or Unsubsidized Stafford Student Loan are now eligible to borrow an additional $2,000 under the Unsubsidized Stafford Loan Program. For more information, please contact the Financial Aid Office.
- Federal Unsubsidized Stafford Student Loan Programs
Long-term, low interest. Fixed interest of 6.8% for the 2008-2009 academic year. Available to undergraudate and graduate students enrolled for six or more credits. Do not have to demonstrate financial need to qualify, however, you must apply using the financial aid application process. Interest payment charged to student while enrolled. Repayment begins six months after graduation or withdrawal. Loan fees up to 2% will be deducted from all loan proceeds. - Same as subsidized
- Up to $12,000 per year for graudate students.
For the 2008-2009 academic year, students borrowing a Subsidized or Unsubsidized Stafford Student Loan are now eligible to borrow an additional $2,000 under the Unsubsidized Stafford Loan Program. For more information, please contact the Financial Aid Office.
- Massachusetts No Interest Loan Program
State No Interest Loan awarded to eligible Massachusetts residents who are enrolled in 12 or more credits. Repayment begins six months after graduation or withdrawal. - Amounts from $1,000 - $2,000
- Massachusetts Educational Financing Authority Loan (MEFA)
State sponsored credit based loan. Parents may borrow up to the full cost of attendance less merit and need-based aid.
- Federal Plus Loan Program
Available to parents of dependent students. Fixed interest rate of 8.5% for the 2008-2009 academic year. Repayment begins 60 days after the final loan disbursement. Parents may borrow up to the full cost of attendance less merit and need-based aid.
Credit based private educational loans. Interest is variable at prime plus. Repayment may begin immediately. Student need not be eligible for financial aid. Signature Loan The Signature Student Loan is a popular after-Stafford loan with competitive rates and industry-leading servicing. If grants, scholarships, and Federal Stafford loans have not covered the total cost of your education, Signature Student loans can help. For more information, please click on the link provided below. https://opennet.salliemae.com/apploansummary/?school_id=00218700&instlndrid=900803&loanprogram=SIGNATURE
************************************************************************* Stafford & Plus Loan Application Process
Please click on the following link for information concerning loan lenders, loan terms, borrower benefits or to apply for a Stafford or Plus Loan. The lenders listed were chosen by MCLA based on the servicing they provide to students and MCLA.Parents or Students wishing to choose a lender other than those listed on the above lender list should use the link listed below.
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