Funds that are available- Prospective students
Federal Stafford Loan Program
Students may borrow Stafford Loan money if they enrolled at least half-time, are eligible for Title IV funds, and are a U.S. citizen or eligible non-citizen.
This federally supported program offers low-interest loans through participating lenders. There are two types of Stafford Student Loans: subsidized and unsubsidized.
On subsidized loans, the government pays the interest while the student is enrolled in school. The student begins paying interest and principal six months after ceasing to be enrolled at least ½ time. Subsidized loans are only available to undergraduates with unmet need.
On unsubsidized loans, interest will accrue while the student is enrolled.
Applicants must first complete the financial aid application process. Federal law requires that all new federal Stafford loans be processed as Federal Direct Loans. You can complete loan entrance counseling, sign a Master Promissory Note (MPN) and find other information on your Direct Loan at https://studentloans.gov
Federal Pell Grant
This is the basic federal grant program for undergraduates. Eligibility is determined by the College and is subject to federal regulations. The value of the grant is based on the school's cost of attendance, the calculated federal family contribution, and whether you are attending full or part-time. Award levels vary up to a maximum of $5,645. Federal rules limit the lifetime eligibility for federal Pell grant and this may reduce or eliminate Pell eligibility for some students.
To be eligible for a Pell Grant, you need to have a verified Free Application for Federal Student Aid (FAFSA) on file with the college before the last day of your enrollment in the academic year, but no later than June 30, 2013 (for the 2012/13 financial aid year, June 30, 2014 for the 2013/14 financial aid
Springfield College Grant
The Office of Financial Aid determines eligibility based on financial need. Grants vary according to the level of need, available funding, and individual circumstances. Preference in awarding is given to full-time undergraduate students who are eligible for the Pell Grant and who complete the financial aid process by the appropriate priority date.
*New students must complete the financial aid application process and be accepted by admissions by the priority date.
Priority dates for Springfield College Grant are as follows:
- May 1. Award letters are mailed beginning July 1.
- July 15 for September admission.
- November 15 for January admission.
- March 15 for May admission.
Federal Supplemental Educational Opportunity Grants
These federal grants are administered by the College and awarded to high-need, undergraduate students. Awards vary depending on the student's need and the level of federal funding the College receives. Students must be eligible for the Federal Pell Grant to be considered for the Federal Supplemental Educational Opportunity Grant. Priority is given to students who have a zero expected federal contribution per federal formula and who also lack other resources (including access to loans) to meet basic tuition charges. The second priority for awarding is given to students who have a zero expected federal contribution per federal formula who also have extremely low incomes.
State Grant Programs
These programs vary from state to state. Eligibility is determined by the designated state agency. All undergraduate financial aid applicants are expected to apply to the home state program. The following states have programs to assist students who are attending Springfield College: California, Delaware, Florida, Maine, Maryland, Massachusetts, Pennsylvania, Rhode Island, and Vermont. Graduate students are usually not eligible for these programs. The Free Application for Federal Student Aid (FAFSA) is the application for state programs.
The Massachusetts Part-Time Grant Program
This program is open to part-time degree candidates from the Boston and Springfield campuses who are eligible for a Federal Pell Grant. Awards range from $200 to $800 per year. Awards are determined by the Springfield College Office of Financial Aid subject to OSFA regulations and funding. No special application is required for this program.
YMCA Scholarship Opportunities at the School of Human Services of Springfield College
YMCA employees enrolled in the School of Human Services of Springfield College have the opportunity to apply for a YMCA Matching Scholarship. This Scholarship program has been established by the School of Human Services to support local YMCA's in educating and retraining YMCA professionals. When a YMCA provides a School of Human Services' student with tuition assistance, the School of Human Services will match that support up to $5,000 per year, per YMCA branch.
To apply for the School of Human Services YMCA Matching Scholarship click here.
Veteran's Education Benefits
Veterans who have served 36 months of active duty after September 10, 2001, or who have been honorably discharged for a service-connected disability when serving 30 continuous days after that date are eligible for educational benefits under the Post 9/11 GI Bill. Also eligible are dependents of veterans who qualify for transfer entitlement under the Post 9/11 GI bill.
The Yellow Ribbon Program is a provision of the Post 9/11 Veterans Educational Assistance Act of 2008 which pays up to the highest public in-state undergraduate tuition and fees. It also allows institutions of higher learning with tuition that exceeds the highest annual amount allowed of $17,500 to award scholarships of up to 50 percent of the amount above the allowed rate, which the VA will match. Springfield College participates in this program. This benefit is not needed for students whose tuition is fully funded under the allowed maximum rate. A veteran must be at 100% eligibility and approved by the VA to receive Yellow Ribbon benefits.
Additional information on veteran’s educational benefits can be found at http://www.gibill.va.gov/