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Financial Aid Services works with students to make available the best resources for financing their education. Regardless of students’ income there are programs available to assist them in funding their education.

Located in 243 Whitmore Administration Building, the office is open Monday-Friday, 8:30 a.m.- 5 p.m. Students with any questions or concerns should call (413) 545-0801, email Grads@finaid.umass.edu, or visit the office’s website at www.umass.edu/umfa.

Applying for Financial Aid

Financial Aid Requirements:

In order to be considered for Federal Financial Aid, applicants must be:

1. a U.S. citizen or permanent resident
2. enrolled in or admitted to a degree-seeking program with at least half-time status (six credits)
3. making satisfactory progress in a program of study
4. not be in default on a Federal Student Loan or owe a refund on a Federal Grant
5. registered for the Selective Service (if required)
6. have a valid social security number
7. free of convictions for any illegal drug offense or meet the specific eligibility criteria determined by the Department of Education in the case of a drug-related conviction.

Application Form

The Free Application for Federal Student Aid (FAFSA) is the application used to apply for financial aid at the University of Massachusetts Amherst. The information on the FAFSA is used to determine eligibility funding. Applicants must list the University of Massachusetts Amherst on their FAFSA application and indicate the school code, 002221.

Students should use the interactive FAFSA application available online. This method has built-in edits that immediately identify errors that could otherwise hold up the process. Before completing the online FAFSA, the Department of Education recommends that applicants complete their ‘FAFSA on the Web Worksheet’ to help them compile the data required to complete the form. Students should log on to www.fafsa.gov to print a copy of the ‘FAFSA on the Web Worksheet’ for their records or to complete their online application. Access to the online application does require a Personal Identification Number (PIN). Students who do not have a PIN or are unable to locate this number should visit www.pin.ed.gov to submit a request. The application is available for the upcoming year after January 1st and should be completed by May 1st in order to ensure timely processing of financial aid. The FAFSA may be submitted after May 1st provided that the student is enrolled in classes, but there is no guarantee that students who file after May 1st will be awarded financial aid.

Paper FAFSA

Paper application may be requested by contacting the Federal Student Aid Information Center at (800) 433-3243.

Special Programs Eligibility

Continuation Fee Students

Graduate students who are not enrolled for any course credits, but who are candidates for a degree, must pay a fee for each term to be considered for continuous enrollment until a degree is formally awarded. Continuation fee students may be eligible for a Federal Direct Unsubsidized Loan if the research work that they are performing is equivalent to at least half-time (six credits per term). Students who are on continuation fee and who would like to borrow a Direct Loan must obtain a letter from their Graduate Program Director that states that they are performing at least half-time work. The letter should be sent to the Graduate Registrar’s Office, where their enrollment status will be updated. Their enrollment status will be verified by the Financial Aid Office.

Non-Degree Students

Graduate non-degree students enrolled at least half-time (six credits per term) may be eligible for a Federal Direct Unsubsidized Loan if the coursework that the student is taking is verified by the Graduate Program Director (GPD) as being preparatory or prerequisite in nature for admission into that graduate program. The student must have intentions of applying for admission to an University of Massachusetts Amherst degree program at a later date. In this case, the GPD must send a memo to the Financial Aid Office verifying the above information. A non-degree template is available at www.umass.edu/umfa. Note: non-degree students are eligible for Federal loans only once in their lifetime for a 12-consecutive-month period (two semesters).

Federal Financial Aid Awards

The William D. Ford Federal Direct Unsubsidized Loan is a Federal Loan administered by the University of Massachusetts Amherst that is awarded regardless of financial need. Eligibility for this loan is determined by completing the FAFSA form. The student is responsible for the interest that accrues on this loan from the time that the funds are disbursed. Students have the option to pay the interest on the loan while they are enrolled or they may postpone payments on principal and interest until six months after they graduate or if they fail to enroll at least half-time (six credits). The interest rate is fixed and cannot exceed 8.25 percent. This rate is adjusted annually on July1.

The William D. Ford Federal Direct Graduate PLUS Loan enables creditworthy graduate students to borrow directly from the Federal Government to help pay for their educational expenses. Students must first exhaust their Federal Direct Unsubsidized Loan eligibility. Students may borrow up to the cost of attendance minus financial aid. A credit check will be performed by the Direct Loan Servicing Center. Repayment begins 60 days after the second disbursement. Graduate students may defer principal and interest but must request a deferement for every term of enrollment by contacting the Direct Loan Servicing Center's Borrower Services. The interest rate is fixed and cannot exceed 9.0 percent. This rate is adjusted annually on July1.

 Alternative Financial Aid Resources

Several programs are available to supplement students’ financial aid awards or to help students who do not qualify for federal funding. Although alternative loans come from outside sources, Financial Aid Services is only able to certify loans up to a student’s cost of attendance at the university. More information about estimated cost of attendance is available on the Financial Aid website or by contacting the office. Additional eligibility information is also available online.

Loan Deferments

Deferments are available for graduate students who have outstanding federal student loans and are currently enrolled at least half-time (six credits). The Graduate Registrar’s Office coordinates loan deferments for graduate students with the National Student Loan Clearinghouse.

Scholarships

Students may search for scholarships online at www.massachusetts.edu/scholarships or can contact Graduate Student Grant Services, 517 Goodell Building, tel. (413) 545-5279.