Financial Aid at MCLA
Over 76% of students receive need based financial aid, mostly as a combination of grants, loans, and part-time employment. When you complete the FAFSA (Free Application for Federal Student Aid) you automatically apply for a wide range of state, federal, and MCLA assistance, such as Pell Grants, Supplemental Education Opportunity Grants, MASS Grants, the College Work-Study Program, Perkins Loans, and Federal Direct Student Loans.
If you haven't already, review the estimated costs to attend MCLA. Especially given the opportunities a quality MCLA education provides, it's surprisingly affordable.
Are you money savvy? Both current students and alumni are encouraged to join SALT, a free financial literacy program that helps you own your finances. With the program, you can keep track of your student loans in one place, search for scholarships and internships, and find resources to teach you everything you need to know about the financial world.
Regardless of whether you're an undergraduate, graduate, FAST-TRACK, or certificate program student, follow these basic steps each academic year. You must be formally accepted into your program of study and be enrolled at least half time to be eligible, and you must also maintain satisfactory academic progress to keep your aid.
- Complete the FAFSA form.
- Complete MCLA's financial aid application. (Spring 2014 Only!*)
- If requested, complete verification documents.
- Review your award letter.
- If needed, apply for a Federal Direct Parent Plus Loan or a credit-based alternative student loan.
* A MCLA financial aid application is not required for the 2014-2015 academic year.
Important info for Professional MBA students, Master of Education,
or CAGS, Certificate of Advanced Studies. Please note: the CAGS Program is only eligible for financial aid up to 33 credits.
Important Information for the Leadership Academy: Please note that the Leadership Academy is not eligible for Federal Student Loans. Individuals needing to borrow should review the Alternative Loan Programs available through the link below listed under #5.
School Code: 002187 MCLA CEEB #: 3521
Priority application date: March 1 for the academic year, December 1 for spring acceptance; you can complete and return starting January 1 of the award year
Tips: Complete all sections accurately. To electronically sign before submitting, you and at least one parent (if you are dependent) must have a PIN number. You may want to search online for video tutorials that show how to complete the form.
When completing your FAFSA, it is strongly recommended that you use the IRS Data Retrieval Tool. If that's not possible, request a tax return transcript for you and your parents.
Changes: For the 2014-2015 academic year, Get Transcript will be the preferred method for obtaining an IRS Tax Return Transcript. To request a printable transcript, go to the IRS website and provide the requested information. A document will immediately appear on the screen that you can view, print, and save. Bring or mail this printed transcript to the Financial Aid Office.
If this option is not available to you, you must put in a request for a paper copy to be mailed to you. Note that with this option, it may take several weeks for you to receive the paper transcript.
Complete FAFSA online
Not required for 2014-2015 Academic Year.
Priority application date: March 1 for the academic year, December 1 for spring acceptance
You may want to also explore these additional resources, as well as other scholarships.
Once you're an MCLA student, you can defray costs by applying for scholarships specific to your level or course of study. The 2014-2015 Scholarship Brochure will be available in March 2014.
You may be asked to verify the accuracy of your information by providing documents such as an IRS Tax Return Transcript. Print, complete,mail or fax (413.662.5105) requested forms to the Financial Aid office.
2013-2014 Academic Year. If you are still applying for financial aid for the current academic year, please contact the financial office for any verification forms required.
Priority application date: March 1 for the academic year, December 1 for spring acceptance. The following forms are for 2014-2015 academic year.
Fall 2014 - Spring 2015 Forms
Special Circumstance requests are not reviewed until late July, to enable MCLA to base its decision on at least 6 months of actual earnings. Other requests are considered as they are received.
This letter describes the grant aid and loans you'll receive from federal and state governments, and MCLA needs-based resources. It also lists work study opportunities available to you.
Letter receipt: Expect to see this letter after March 1 for the fall and spring academic year, after December 1 for spring acceptance, or April for summer.
Direct Student Loans: You need to complete Entrance Counseling and sign a Master Promissory Note.
If you need additional financing to cover costs, you may want to apply for a MEFA (Massachusetts Educational Financing Authority) parent or student loan, which is a fixed-rate loan available to students attending a Massachusetts school, or a federal Direct PLUS Loan for Parents.
You may also want to consider an alternative student loan. Many of these educational loans have variable interest rates and are credit based. Their terms are often not as favorable as government-sponsored loans.
STEM Field Majors
If you're majoring in Science, Technology, Engineering, or Math (STEM), see how the Commonwealth Covenant Fund can cover some of your loans after graduation, if you work or teach in a STEM field in Massachusetts.
Questions? Contact Us!
Elizabeth M. Petri, Director of Financial Aid
|Toll Free: 800.969.6252 |
Financial Aid Office
375 Church Street
North Adams, MA 01247
Location & Hours
Main level of Eldridge Hall