Financial Aid

Terms and Conditions

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.

Award Review

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.

Additional Resources 

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.

Maintaining Eligibility

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/degree
  • 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.