Freshman Student Aid

Your Financial Aid Award usually includes a combination of grants, work-study and loans from a variety of funding sources. 

Your financial aid funds come from 3 main sources: 

  1. The U.S. Federal Government
  2. The Commonwealth of Massachusetts 
  3. UMass Boston

Get a preliminary estimate of federal, state, and institutional aid eligibility with the Net Price Calculator to help you gauge what aid you may be awarded and to know the cost you will need to cover.

To determine your eligibility, simply complete the Free Application for Federal Student Aid (FAFSA).  This one application is all you will need to be considered for most of the aid available. Four simple steps can be found on How to Apply for Financial Aid.

The financial information you report on your FAFSA determines your Expected Family Contribution (EFC) and is calculated by a Federal formula.  The EFC is subtracted from the Cost of Attendance. The difference between the two amounts is “financial need” and represents a student’s maximum eligibility for need-based aid. The EFC is an estimate of the amount of money you’ll need to supplement the financial aid you qualify to receive.

The number of credits you take, your residency status, and grade level are used to determine your aid eligibility and affect your offer.  Notify Financial Aid Services if this information is not correct on your award letter.

Be sure to read the Terms and Conditions for receiving financial aid.

Financial aid can be confusing.  Don’t worry.  Ask us for help. We can explain your options.

Financial Aid Services I Campus Center, 4th Floor I Phone: 617.287.6300 I Fax: 617.287.6323 I finaid@umb.edu