your financial aid award guide On behalf of the faculty, staff, students, and alumni of the University of Massachusetts Dartmouth, welcome future Corsairs!
A UMass Dartmouth education is an important investment in your future. As a tier one national research university, UMassD provides a private college educational experience and public university value. This guide is designed to help you understand the financial aid process, programs, and policies as well as the other options available for funding your education. The members of Financial Aid Services are here to assist you with financing your education. We look forward to having you join the UMassD community. Sincerely,
Korinne Peterson Financial Aid Director
Understanding Your Finan We are proud of the economic value that a UMass Dartmouth education delivers. At the same time, we recognize the financial investment you face. That is why we want to do everything possible to help you and your family make that investment feasible. Below is an explanation of the various types of aid.
Scholarships do not require repayment. They are awarded based on criteria that may include GPA and SAT/ACT scores.
Grants do not require repayment. They are awarded based on criteria thatinclude completing the Free Application for Federal Student Aid (FAFSA).
Potential scholarships include:
Potential grants include:
• Chancellor’s Scholarship • Chancellor’s Transfer Scholarship • Dean’s Scholarship • Dean’s Transfer Scholarship
• Federal Pell Grant • Federal Supplemental Educational Opportunity Grant (FSEOG) • Federal Teach Grant
• Endeavor Scholarship
• Mass Access Grant
• UMassD Admissions Award
• Mass Grant
• UMassD Transfer Award • University Commonwealth Scholarship For eligibility and terms, please visit: umassd.edu/financialaid/scholarships
Loans Loans require repayment and may include: • Federal Direct Subsidized Loan • Federal Direct Unsubsidized Loan • Federal Direct PLUS Loan • Federal Nursing Student Loan
• Mass Part-time Grant • Need-based Tuition Credit • University Extension (UE) Grant • University Grant For eligibility and terms, please visit: umassd.edu/financialaid/grants
Student Employment There are two kinds of student employment programs: Federal Work
• Private/alternative educational loans
Study and non-work study. Federal Work Study is a needbased program but anyone can apply for a non-work study position.
of undergraduatestudents apply for financial aid
of full-time undergraduates who apply for financial aid receive it
our alumni are ranked in the top 27% of colleges and universities for average salary
ranked in the top 100 universities nationally for student social mobility
ncial Aid Award Next Steps:
Complete your enrollment 1. Pay your $200 admission deposit and $200 to reserve your housing online through the Check Application Status portal. umassd.edu/undergraduate 2. Login in to your COIN account through umassd.edu A.Decline or reduce your loans or Federal Work-study (FWS). B. R eview your “To Do List” for required documents. 3. First-time federal loan borrowers must complete Entrance Counseling and a Master Promissory Note by logging into studentloans.gov with your FSA ID and password. 4. Register for placement testing through placement.umassd.edu 5. Submit a copy of your health records through umassd.edu/studentaffairs/health 6. Visit the Office of Financial Aid website to review terms and conditions of grants, loans, and other awards through umassd.edu/financialaid 7. Check your UMass Dartmouth email periodically for changes to your award, updates, and important information.
Financial Aid Timeline May-June
• May 1 is the deadline for first-year students to submit their deposit. Transfer students are also encouraged to submit by this deadline. • If you are borrowing a Federal Direct Loan, complete the Master Promissory Note and Entrance Counseling online at studentloans.gov.
• If payments are part of a student’s tuition plan, sign-ups can begin. Information for this can be found at umassd.edu/bursar/payment-plan • Fall semester bills are available on the student’s COIN account.
• Fall semester bills are due. • All required and requested documents must be complete and you must be registered for classes for disbursement to occur.
• Financial aid awards are finalized after the add/drop deadline. • Disbursement of completed financial aid for the fall term occurs at the end of September.
• Complete and submit the 2022-2023 FAFSA online at fafsa.gov. Use the IRS Data Retrieval Tool to enter income information. If assistance is needed, join one of our Friday Financial Aid Labs.
• Spring semester bills are available through the Student’s COIN account.
Sensible Borrowing Tips • Borrow as little as possible to cover costs, and only borrow what is needed for education-related expenses. • Consider your estimated monthly payments and don’t borrow more than you can reasonably afford to repay each month. • When you take out a student loan, you are entering a binding contract. Defaulting on student loan debt can negatively impact your credit and even your ability to get a job. If you are unable to afford your monthly loan payment, contact your loan servicer immediately to discuss other repayment options.
Online Resources UMass Dartmouth Links
Monthly Budget Plan
UMass Dartmouth homepage umassd.edu
We offer a monthly payment plan which allows students and families the option to pay the term bill in monthly installments, interest free.
University Enrollment Center umassd.edu/uec Bursar’s Office umassd.edu/bursar
To learn about the monthly payment plan, visit: umassd.edu/bursar/payment-plan
Financial Aid umassd.edu/financialaid Scholarships umassd.edu/financialaid/scholarships
or call the Bursar’s office at 508.999.8832.
Loans umassd.edu/financialaid/loans Student Employment umassd.edu/financialaid/ studentemployment
FAFSA fafsa.ed.gov Federal FSA ID Website fsaid.ed.gov Student Loans studentloans.gov National Student Loan Data System (NSLDS) nslds.ed.gov/nslds/nslds_SA Federal Student Guide studentaid.ed.gov
State Aid Links
NOTES • You must reapply for financial aid every year by completing a FAFSA form. • If you are transferring to UMass Dartmouth, your aid does not automatically transfer with you. You must request that your FAFSA form be sent to UMass Dartmouth. • If your FAFSA form is selected for verification by the U.S Department of Education or UMass Dartmouth, the necessary forms and documentation to complete the process will be requested on your “To Do List” in COIN. • Financial aid offers made prior to the completion of the verification process will be considered tentative until the requested documents have been reviewed.
Massachusetts Office of Student Financial Assistance (OSFA) osfa.mass.edu Massachusetts Board of Higher Education: mass.edu
U University of Massachusetts Dartmouth 285 Old Westport Road, Dartmouth, MA 02747 508.999.8857 • umassd.edu/financialaid
Federal Financial Aid Links