Financial Aid

Need-Based Aid Programs

Federal Pell Grant: Federal grant awarded to students pursuing their first undergraduate degrees with exceptional need.  For 2008-2009, awards range from $523 to $4731, depending on eligibility.  The Federal Pell Grant is gift aid and does not need to be repaid.

Federal Supplemental Educational Opportunity Grant (FSEOG): Federal grant awarded by the University to students pursuing their first undergraduate degrees with exceptional need.  Awards range from $200 to $2000, depending on available funds and number of eligible applicants. The Federal SEOG award is gift aid and does not need to be repaid.

Academic Competitiveness Grant (ACG): Federal grant that provides up to $750 for the first year of undergraduate study and up to $1,300 for the second year of undergraduate study to full-time students who are U.S citizens, eligible for a Federal Pell Grant, and who had successfully completed a rigorous high school program, as determined by the state or local education agency and recognized by the Secretary of Education. Second year students must also have maintained a cumulative grade point average (GPA) of at least 3.0. The program is available for first year students who graduated from high school after January 1, 2006 and for second year students who graduated from high school after January 1, 2005.  The ACG award is gift aid and does not need to be repaid.

National Science and Mathematics Access to Retain Talent (SMART) Grant: Federal grant that provides up to $4,000 for each of the third and fourth years of undergraduate study. In order to be eligible for this Grant a student must be a full-time U.S. citizen, eligible for a Federal Pell Grant, and majoring in Computer Science, Engineering, Critical Foreign Languages, Life Sciences, Mathematics, Physical Sciences, Technology, or Multidisciplinary Studies. A complete list of eligible majors can be found online at http://ifap.ed.gov/dpcletters/attachments/GEN0706MajorChangeLetter.pdf

The student must also have maintained a cumulative grade point average (GPA) of at least 3.0 in coursework required for the major.  The SMART award is gift aid and does not need to be repaid.

MASSGrant Program: State funded grant program administered by the Commonwealth of Massachusetts.  Awards are based on demonstrated financial need. Awards are available to students pursuing their first undergraduate degree, enrolled full-time, and filed a FAFSA the state deadline of May 1st.  Non-residents should contact their state scholarship office to determine eligibility requirements and if an award is transferable to University of Massachusetts Lowell.

MASS Part-Time Grant: State funded grant program administered by the Commonwealth of Massachusetts.  Awards are based on demonstrated financial need, depending upon funding and number of eligible applicants. Awards are available to students pursuing their first undergraduate degree, enrolled less than full-time but at least half time (6-11 credits).

Board of Higher Education Tuition Waiver (BHE Waiver):  State funded program administered by the financial aid office.  Eligibility is determined by demonstrated financial need, priority is given to fulltime students. Awards are available to undergraduate students enrolled at least half time (6 credits) and legal residents of Massachusetts as defined by the state of Massachusetts.  The BHE tuition waiver applies to state funded-undergraduate degree courses only.  Continuing education courses are not covered by this program. 

Board of Higher Education Grant (BHE Grant):  State funded program administered by the financial aid office.  Eligibility is determined by demonstrated financial need, priority is given to full time students. Awards are available to undergraduate students enrolled at least half time (6 credits) and legal residents of Massachusetts as defined by the state of Massachusetts. 

University Awards: The University provides grants and scholarships from various sources to undergraduate students who demonstrate financial need. These scholarships are awarded as merit-based, need-based or a combination of both. Award amounts range from $200 to $5000, depending upon funding.   

Federal Work Study (FWS) Program: Federally funded work program administered by the financial aid office.  A need based program that provides students with part-time employment in various on-campus departments and off-campus agencies. Awards range from $1,500 to $5,500.  FWS earnings are paid directly to the students and are to be used for educational related expenses.  Students have the option the complete a student withholding form to have 70% of their bi-weekly earnings go directly toward their University of Massachusetts Lowell bill.  This form may be downloaded from the financial aid website at www.uml.edu/financialaid by clicking on forms. Completed forms must be returned to the financial aid office.  

Campus Work Program (CWP): Institutionally funded work program administered by the financial aid office.  A need based program that provides undergraduate students with part-time employment in various on-campus departments and off-campus agencies. Awards range from $1,500 to $5,500.  CWP earnings are paid directly to the students and are to be used for educational related expenses.  Students have the option the complete a student withholding form to have 70% of their bi-weekly earnings go directly toward their University of Massachusetts Lowell bill.  This form may be downloaded from the financial aid website at www.uml.edu/financialaid by clicking on forms. Completed forms must be returned to the financial aid office.   

William D. Ford Federal Direct Subsidized Loan: A need-based federal loan available through the University. Eligibility for a “subsidized” loan is determined by the completing the FAFSA and students must be enrolled at least half time (6 credits) in a degree granting program.  First year students may borrow up to $3,500; second year students may borrow up to $4,500; students who have completed two years of undergraduate study may borrow up to $5,500 for each year thereafter up to lifetime aggregate loan limit of $23,000. First time borrowers at University of Massachusetts Lowell are required to complete and sign an On-Line Master Promissory Note and Entrance Counseling before funds are disbursed to the students’ University account. Repayment starts six months after graduation, withdrawal, or when the student’s course load drops below half time (6 credits) status. The federal government pays the annual interest rate on the subsidized loans while the student is enrolled in school and during the six month grace period after graduation or withdrawal from school.  Students are required to complete an Exit Counseling at point of graduation, withdrawal from school, or enrollment status drops below half time (6 credits) status. DL Entrance and Exit Counseling may be done online at https://www.dlssonline.com, and DL Master Promissory Notes may be signed electronically at https://dlenote.ed.gov .  This is a loan that must be repaid. 
  
*Please also refer to the Non-Need Based Aid Programs - Loans section of this catalog for information on the Federal Direct Unsubsidized Loan.

Federal Perkins Loan: A 5% fixed interest Federal loan administered by the University. Awards range from $500 to $4,000, depending upon funding. Repayment starts nine months following graduation, a student’s withdrawal from school, or when a student drops to less than half-time (6 credits) enrollment. Repayment may be extended over a ten-year period. Principal and interest are deferred while a student is enrolled at least halftime in a degree program.  Students must sign a Master Promissory Note and Entrance counseling at the Financial Aid Office prior to the loans being applied to students’ University bill.  An Exit Interview must be complete with the Accounts Receivables Office at point of graduation, withdrawal or enrollment drops below half time (6 credits) enrollment.  This is a loan that must be repaid.