|
Student financial aid programs are designed to assist those who are unable to meet the costs of postsecorndary education. Financial aid comes in several forms: grants, scholarships, employment opportunities and loans. Annually, thousands of students are able to pursue postsecondanry education with the help of financial aid programs. In fact, it is not unusual for up to 75 percent of the students in school to receive some form of financial aid. This brochure briefly explains most of the financial aid programs in Massachusetts and how to apply for them. Your financial aid package may include aid from these various sources:
Most financial aid is awarded on the basis of financial need rather than academic achievement. Your need is the difference between your total educational cost and what the school calculates that you and your family can contribute to your educational expenses. Yearly, your school's financial aid office will determine your cost of attendance and financial need. If you are eligible to receive financial aid, the type and amount will be determined by the financial aid office at your school. You can't receive or borrow more than the cost of attendance.
|