In an effort to distribute limited funds in a fair and equitable manner, UMass Lowell awards grant aid based on equity. Your Financial Aid award may consist of some or all of the following types of aid depending on your financial need: Grants, Scholarships, Waivers, Student Employment and Federal Student Loans. Please note: all financial aid awards are contingent on funding.
Financial aid applicants must meet the following key criteria to receive most types of financial aid:
- Be admitted into a degree-granting or approved certificate program.
- Be matriculated in at least six (6) credits per semester (some grants require full time enrollment; Pell Grant may be available for enrollment less than 6 credits).
- Be a U.S. citizen, permanent resident or eligible non-citizen as defined by the federal government.
- Have a valid Social Security Number.
- Register with the Selective Service, if required.
- Make Satisfactory Academic Progress (SAP) toward educational program.
- Cannot be in default or owe money on a federal student loan.
- Have a high school diploma, a General Education Development (GED) certificate, or complete a high school education in a home school setting that is treated as a home school or private school under state law.
- Additional eligibility requirements may apply
The enrollment of each financial aid recipient is confirmed after the Add/Drop period of each semester and when adjustments are made, students are notified via the UMass Lowell Email. Full Time Enrollment status for initial financial aid awards are based as follows per semester: Undergraduate students at 12 credits, Graduate students at 9 credits, and students in Continuing Education at 6 credits.
Students whose enrollment is less than the anticipated enrollment, as well as those enrolled in continuing education courses, may see an adjustment in financial aid awards as the costs for these enrollment changes is different than the costs upon which the original award was based. The Financial Aid Office will email students regarding award changes; however students are encouraged to check iSiS often to stay up-to-date of award offers and changes.
In addition to enrollment changes, students may see adjustments due to changes in the following:
- Change in residency
- Change in grade level
- Change in housing status
- Change in degree status
- Change in graduation term
Disbursement of financial aid, in accordance with the University’s policy, is directly made to the student’s account (except in the case of student employment). Disbursements are made after the Add/Drop period of each semester once enrollment, residency, grade level and housing are confirmed.
Students receiving internal or external scholarships, stipends, assistantships or other payments toward education expenses must notify the Financial Aid Office in writing.
Federal regulations require the financial aid office to coordinate internal and external awards with other need-based financial aid awards received. In situations when student financial need has been met with financial aid funds it is the university’s policy to reduce aid.
Satisfactory Academic Progress (SAP)
The Financial Aid Office conducts SAP evaluations at the end of each spring term for undergraduate and graduate students. Certificate students are evaluated at the end of each semester. Students who do not maintain the university SAP standards will become ineligible to receive financial aid. Review our full SAP policy
Students withdrawing from the University are required to discharge all financial obligations to the University, return all University property and file a written notification of withdrawal with the Registrar’s Office.
Students who withdraw from the university or drop all courses after the add/drop period but before the end of the semester will be subject to federal return of Title IV, state and institutional refund calculations. These regulations determine how much of your financial aid awards are earned at the time of withdrawal.
The Financial Aid Office will notify withdrawn students via mail when aid has been adjusted due to withdrawal. Prorated financial aid awards may result in a balance owed the university. Students who withdraw from the university during the fall semester will have their aid cancelled for the spring term. If you enroll again in the spring semester your financial aid will be reinstated based on availability of funds.
You must reapply for financial aid each year by the March 1st priority deadline by completing the FAFSA online
and remember to add our Federal School Code: 002161.
Financial aid awards are offered based on the information available at the time of the award. Students are expected to maintain eligibility throughout the year. If you fail to meet federal, state or institutional eligibility criteria your awards will be cancelled.
Common eligibility failures include:
- Student loan default
- Non-degree status
- Change in program/plan
- Change in career
- Course load requirements. Some financial aid programs require full-time enrollment (12 or more credits) while others require half-time enrollment (6 or more credits).
NOTE: Audited courses do not count toward enrollment.