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financial aid office massbay

 Welcome to MassBay Community College.

Federal Stafford Loans

MassBay Community College will be switching to the Federal Direct Stafford Loan Program beginning in the 2011-2012 academic year. Instead of choosing a lender for your Stafford Loan, the Department of Education will be your loan lender. Once you have completed the MassBay Financial Aid process and have been awarded a Federal Direct Stafford Loan as part of your financial aid package you must complete Entrance Loan Counseling and a Master Promissory Note, only if you wish to accept your student loan. Remember that a student loan is not a grant and must be paid back (details are explained during Entrance Loan Counseling).


Complete the Entrance Loan Counseling and Master Promissory Note online or contact the Financial Aid Office at (781) 239-2600 for group Entrance Counseling.

 

• IMPORTANT •  

You must complete Entrance Loan Counseling and a Master Promissory Note ONLY if you were awarded a Direct Stafford loan from MassBay Community College.

The Direct Stafford Loan might be subsidized, unsubsidized, or a combination of both. In order to receive your student loan you must complete the Entrance Loan Counseling and Master Promissory Note.

Entrance Loan Counseling will provide you with important information concerning the terms and conditions of your loan. You are required to attend loan counseling each school year.