MassBay has a variety of sources to offer you and a wide range of financial aid options. Among them are grants, scholarships, work-study programs, and student loans. By completing a FAFSA you have already applied for all these funds. Depending on your financial need (determined by the Federal Government), you may qualify for financial assistance through any or all of these programs. Since MassBay’s financial aid resources are obtained from federal, state, local, or private funds eligibility and program guidelines are defined by theses funding sources. The MassBay Financial Aid Office can help you determine which sources best meet your needs and assist you with application procedures.
Sources of Financial Aid
| Name |
Need Based
|
Type
|
Federal Pell Grant
|
Yes
|
Federal
|
Federal Supplemental Educational Grant (FSEOG)
|
Yes
|
Federal
|
Federal Work-Study– See page 7, Financial Aid Handbook
|
Yes
|
Federal
|
Federal Subsidized Stafford Loan
|
Yes
|
Federal
|
Federal Unsubsidized Stafford Loan
|
No
|
Federal
|
Federal PLUS Loan
|
No
|
Federal
|
Federal Academic Competitiveness Grant
|
Yes
|
Federal
|
Massachusetts State Grant
|
Yes
|
State
|
Massachusetts Cash Grant (ACCESS Grant)
|
Yes
|
State
|
Massachusetts No Interest Loan
|
Yes
|
State
|
Massachusetts Tuition Waiver (ACCESS Grant)
|
Yes
|
State
|
Massachusetts Part-Time Grant
|
Yes
|
State
|
Massachusetts Gear Up Grant
|
Yes
|
State
|
| John and Abigail Adams Scholarship |
No |
State |
| Early Childhood Educators Scholarship |
No |
State |
The MassBay Financial Aid Office can provide you with more detailed information about the above programs, and provide you with information about private scholarships and alternative loans.
Book Voucher Program
MassBay provides financial aid recipients the opportunity to participate in a book voucher program. This program is available to you if you have completed your financial aid application, received a MassBay Financial Aid Award, and have sufficient aid after tuition and fee charges are subtracted.
Students whose aid package includes a student loan must have completed loan entrance counseling and have a signed Master Promissory Note in order to be eligible for a book voucher. If you haven't completed these steps, contact the MassBay Financial Aid Office to complete your loan process.
Certain funding such as tuition waivers, cash grants and access grants can only be used for tuition and specific fee charges and may not be used for book vouchers.