Your Financial Aid Award usually includes a combination of grants, work-study, and loans from a variety of funding sources.
Financial aid funds come from three main sources:
- Federal Funding
- State Funding
- UMass Boston Funding
Details about these sources can be found on How To Apply For Aid
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.
The financial information you report on your FAFSA determines your Expected Family Contribution (EFC) to pay for your education. This 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. The Federal Direct Subsidized and Unsubsidized loan amounts will be based on the amount of transfer credits that have been evaluated at the time of your financial aid award. Loan amounts may change as additional credits are evaluated. Please pay close attention to this information on your financial aid award notification 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.