Financial Aid

Non-Need-Based Aid

Non-Need-Based Loans

William D. Ford Federal Direct Unsubsidized Loan : A non-need based federal loan available through the University. Eligibility for an “unsubsidized” loan is determined by the completing the FAFSA and students must be enrolled at least half time (6 credits) in a degree granting program. An “unsubsidized” loan is not awarded on the basis of need. A student will be charged interest from the time the loan is disbursed until it is paid in full. If a student allows the interest to accumulate, it will be capitalized—that is, the interest will be added to the principal amount of the loan and additional interest will be based upon the higher amount.

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 of principal starts six months after graduation, withdrawal, or when the student’s course load drops below half time (6 credits) status. 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 loan that must be repaid.  

Borrowers may receive both the subsidized* and unsubsidized loans for the same loan period, although the combination of both cannot exceed the following loan limits:

ANNUAL MAXIMUM FEDERAL DIRECT LOAN LIMITS FOR 2008-2009: 
                 Dependent   Independent

Freshman:    $3,500      $7,500 
Sophomore:  $4,500      $8,500 
Junior:         $5,500      $10,500 
Senior:        $5,500      $10,500

Graduate:          $20,500

  • Aggregate dependent undergraduate loans cannot exceed $23,000 
  • Aggregate independent undergraduate loans cannot exceed $46,000 ($23,000 may be in subsidized loans). 
  • Aggregate graduate loans cannot exceed $140,500 (only $65,500 of this amount may be in subsidized loans). The graduate debt limit includes any student loans received for undergraduate study. 
  • A fee of 2% will be deducted from each disbursement of your loan.

Dependent students whose parent/stepparent has been denied a Federal Direct Parent Plus Loan may apply for an additional Unsubsidized Federal Direct Student Loan of up to $4,000 for freshmen and sophomores and $5,000 for juniors and seniors. The interest rate on the Subsidized and Unsubsidized Direct Student Loans is fixed. All prior federal student loans may be consolidated under one Federal Direct Loan when a student enters repayment. Several flexible repayment options are available. For more information regarding loan repayment or consolidation, contact the Direct Loan Servicing Center at 1 (800) 848-0979.

*Please also refer to the Need-Based Aid Programs - Loans section of this catalog for information on the Federal Direct Subsidized Loan.

Federal Direct PLUS Loan: A non-need based federal loan offers up to the cost of attendance minus financial aid per academic year to qualified graduate students and parents/stepparents of undergraduate dependent students.  Interest rate is fixed and repayment begins 45-60 days after the second disbursement. Refer to the Direct Loan web site (http://www.ed.gov/offices/OSFAP/DirectLoan/index.html) for current interest rates. A FAFSA is not required to apply for the PLUS loan; however, students are encouraged to file a FAFSA so that they can receive the maximum aid available.  Parents may download an application online from the financial aid webpage www.uml.edu/financialaid by clicking on forms.  Applications should be returned to the financial aid for processing.  This is a loan that needs to be repaid by the parent/stepparent.

Other Services Provided 
The Job Locator Program: An employment service provided by the Financial Aid Office to assist students in finding off campus employment.  Various companies in the greater Lowell area post open positions in the Financial Aid Office, which are updated on a weekly basis, these positions are also emailed to students on a list serve on a weekly basis. 
Disbursement of Financial Aid
Disbursement of financial aid, in accordance with the University’s policy, is directly made to the student’s account, except in the case of on-campus employment.  Financial aid is disbursed after the add/drop period of each semester.

University Scholarships

Charles J. Hoff Scholarship:  The largest campus-wide scholarship opportunity is the Hoff Scholarship. Awards are in the amount of $4,000, which is applied directly to a student's financial account. This amount ($4,000) pays for almost half of the $8,500 annual tuition and fees and may be continued until graduation on a semester basis, conditional upon satisfactory performance and financial aid eligibility.  To be considered, students must be enrolled full time as an undergraduate student in the Francis College of Engineering, Manning School of Business, College of Health Sciences, College of Sciences or College of Fine Arts, Humanities and Social Sciences   Students must also be classified as a sophomore, junior or senior, have a cumulative GPA of 3.0, have no have more than 30 transfer credits and demonstrate financial need by apply for the FAFSA.   The maximum length of the award is six semesters. There is no pre-determined number of new recipients selected for this scholarship each year, but for the 2008-2009 academic year, there will be about 30 awards.  For more information and application, please visit http://www.uml.edu/financialaid/scholarships/hoff.aspxl.

Chancellor's Scholarship:  The Chancellor's Scholarships are available to new freshmen in all undergraduate colleges who are in the top 25 percent of their graduating high school class, have a combined SAT score of 1200 or above and have demonstrated need. These scholarships provide up to $3,000 a year towards tuition and fees and $2,000 towards on-campus room and board.  This scholarship is renewable for a total of four years, if the student maintains a 3.0 cumulative grade point average and continues to demonstrate financial need.

Commonwealth Scholars Program:  The Commonwealth Scholarships are four-year scholarships that cover full academic year tuition and fees, and room and board for recipients who live on campus. An allowance of up to $2,000 will be awarded to cover commuting and living expenses for recipients who live off campus. These scholarships are awarded to a limited number of high school seniors, who have a minimum, cumulative, recalculated high school grade point average (GPA) of 3.75, combined SAT scores of 1400 or above. Commonwealth Scholarships are renewable annually for a maximum of four years, provided that the student maintains full time status and either a cumulative GPA of 3.25 or better.

University Scholars Program: The University Scholars Program is a scholarship available to the two top ranking seniors who are enrolled at a high school in Massachusetts accredited by the New England Association of Schools and Colleges. To be eligible, students will be required to achieve a minimum combined SAT score of 1200 (ACT of 27), be nominated by the high school principal, be a Massachusetts resident (as determined by university policy on residency status), apply and meet all admissions criteria established by the campus, and be admitted to that campus for the semester following high school graduation. University scholars will receive a scholarship of up to $10,000 per year renewable annually for four years provided that the student maintains a 3.0 overall GPA while taking at least 12 credits per semester.  This scholarship will be discontinued beginning with the 2009/2010 academic year, the last class to be awarded this scholarship is the 2008/09 class. 

Dean's Scholarship Program: The Dean's Scholarship Program supports 62 renewable $4,000/year scholarships.  Entering freshmen considered for a Dean's Scholarship must have a high school GPA of 3.25 (out of a possible 4.0) and must have a combined SAT score of at least 1100.  Recipients are selected, during the admissions process, by each dean of UMass Lowell's undergraduate colleges on the basis of academic achievements and extra curricular activities.  This scholarship is renewable for a total of four years, if the student maintains a cumulative GPA of 3.0 beginning at the end of freshman year.

University Community College Scholars Program: The University Community College Scholars Program presents top-ranked community college students with scholarships of up to $10,000. To be eligible for this award, a community college student must be nominated by his or her community college president, be a resident of Massachusetts, be the top academically ranked student of his or her graduating class, and have earned a designated transfer associate degree at a Massachusetts community college achieving at that college at the time of nomination an overall grade point average of 3.75 or above, and have filed an application to the University of Massachusetts Lowell, meet all of the admission criteria and be admitted. Eligibility for the program is determined without regard to proven financial need. The University Community College Scholarships are granted for a maximum of four (4) semesters to recipients who maintain at least a 3.25 overall GPA while taking 12 or more credits per semester.

UMass Lowell Community College Transfer Scholarship:  Thirty scholarships are available each year for fall and spring enrollment at UMASS Lowell.   Each award is $2,500 per year for full-time students (the amount is pro-rated for students who enroll part-time) with a maximum value of $5,000 per student.  To be eligible, applicants will be required to achieve a minimum cumulative grade point average (GPA) of 3.7 at the time of application, complete at least forty-five (45) of the total number of credits for the Associates degree at a Massachusetts Community College, complete the transfer admissions process to the University, complete graduation requirements at one of the Massachusetts Community Colleges prior to enrollment at UMass Lowell, plan to matriculate as a day school student at UMass Lowell, and be a U.S. citizen, lawful immigrant, permanent resident, or holder of another legal immigration status.

Continuing Studies Dean’s Scholarship:The Continuing Studies Dean’s Scholarship awards are for $1,000 and may be continued on a semester basis, conditional upon satisfactory academic performance. The maximum length of the award is 4 semesters. See our website at http://continuinged.uml.edu fordetails.

Millie McGuire Technical Writing Scholarship Fund:The Millie McGuire Scholarship is awarded in May each year to a student enrolled in the Continuing Studies Technical Writing Certificate Program at UMass Lowell. The scholarship is managed by the UMass Lowell Director of Giving. The recipient is selected by the NNE Scholarship committee in conjunction with UMass Lowell. For additional information please visit http://www.stc-nne.org

Veterans Online and Off-Campus Scholarships:Scholarships will be awarded to Veterans who are enrolled in a Continuing Studies degree or certificate program for $300 each. These scholarships can be used one time only and for one course only. Applications will be evaluated by the CSCDE Scholarship Committee and will be judged by merit and thoughtfulness in written response. Download the application form from our website. 

Leo F. King Scholarship:The friends of the Dean Leo F. King Scholarship Committee are pleased to announce the availability of an annual scholarship award for adult learners returning to school through Continuing Education. Contact the Faculty and Student Support Center at (978) 934-2474 for details.

ASL Adult Education Foundation Scholarships:Alpha Sigma Lambda Adult Education Foundation Scholarships are available for Continuing Studies, Corporate and Distance Education students who are matriculated in associate’s or bachelor’s degree programs and who demonstrate academic strength and leadership. Submissions are due by early April. For more information, visit http://www.alphasigmalambda.org/foundation/scholarship.php

Additional University Scholarships: More than 150 University of Massachusetts Lowell scholarships are available to eligible students each year. Scholarships are awarded by the academic college or department, as stated in the fund criteria. To learn more about each fund, review the UMass System Scholarship Database or go to this list of University of Massachusetts Lowell endowed scholarship funds as of January 2008. For more information about the selection process, contact the department chair. Students may also fill out the Scholarship Interest Form to indicate interest in specific scholarships and/or to receive more information.

Unless otherwise stated, scholarships are awarded every spring for the following academic year. For example, scholarships awarded during the spring of 2008 will take effect during the 2008-2009 academic year, and will appear on student accounts at that time. The endowment is divided equally between the academic year’s two semesters. Awards are applied directly to student accounts in the following order of priority; (1) to pay any balance due to the University, (2) to reduce student loans, (3) as a refund check, if all other obligations have been met.

Categorical Tuition Waivers

To be eligible for a Categorical Tuition Waiver, a student must be permanent legal resident of Massachusetts for at least one year prior to the opening of the academic year, be a U.S. Citizen or eligible non-citizen, have registered for Selective Service, not be in default of any federal or state loan, or owe a refund on any previously received financial aid, and be a member of an eligible category as defined below:

  • Veteran: As provided in M.G.L. Chapter 4, Section 7(43) including: Spanish War, World War I, World War II, Korean, Vietnam, Lebanese peace keeping force, Grenada rescue mission, the Panamanian intervention force, or the Persian Gulf. 
    For purposes of tuition waivers, the term "veteran" shall also include any individual who served in the army, navy, marine corps, coast guard or air force of the United States for not less than ninety days at least one of which was served in the theatre of operation for the Somalian mission known as "Operation Restore Hope" and whose last discharge or release was under honorable conditions.
  • Native American: As certified by the Bureau of Indian Affairs.
  • Senior Citizen: Persons over the age of 60.  
  • Armed Forces: An active member of the Armed Forces (Army, Navy, Marine, Air Force or Coast Guard) stationed and residing in Massachusetts.  
  • Clients of the Massachusetts Rehabilitation Commission or Commission for the Blind: As certified by the respective commission.
Students must present documentation of categorical waiver eligibility to the Accounts Receivables office, enroll in at least three undergraduate credits per semester in state supported undergraduate degree or certificate program, and maintain satisfactory academic progress in accordance with federal and institutional standards.