Types of Aid Available

Newbury College participates in numerous financial aid programs. There are three main types:

• Grants and Scholarships -- funds that do not have to be repaid by the student.
• Loans -- money loaned to the student (or the student's parents) to pay for college.
• Work-Study -- funds a student earns through a campus-sponsored work program.

Grants and Scholarships

Grants are monies that do not have to be paid back. There are state grants, federal grants and Newbury College grants.

MASSGrant (formerly Massachusetts State Scholarship)

If you are a resident of Massachusetts (parents of dependent students must also be residents) and complete the FAFSA before May 1, you may be eligible for a MASSGrant if you are enrolled full time at Newbury. There is no exception to the deadline.

Other State Scholarships

If you are from Rhode Island, Vermont, New Hampshire, Pennsylvania and Maine and are eligible for a state grant from your home state, you may use that grant to attend Newbury College.

Federal Grants

Federal Pell Grant: The Federal Pell Grant is a gift fund administered by the federal government and awarded to students who demonstrate the highest financial need. Grants range from $400 to $4731 yearly based on need and the number of credits the student enrolls in. These funds do not have to be repaid.

Federal Supplemental Educational Opportunity Grant (FSEOG): This grant is funded by the federal government and awarded to students who demonstrate high levels of financial need. The FSEOG amount awarded to eligible students ranges from $100 to $4000. It will also be determined by the availability of funds. Students who are Pell Grant eligible frequently receive FSEOG grants.

Newbury College Grants and Scholarships

Newbury College offers the Newbury Grant to students enrolled in the day division who demonstrate financial need. To be considered for a Newbury Grant, students must complete the FAFSA.

Newbury College Merit-Based Scholarships

Students beginning their first year at Newbury College as full time students are eligible for merit-based scholarships based on their high school academic achievements and participation in extracurricular activities. Please see the merit scholarship section of our site.

Loans

There are several federal, state and private loan programs available to Newbury College students and families to help pay for college.

Federal Stafford Loans

All students regardless of need are eligible for a Stafford Loan. There are two types of Stafford Loans. The government pays the interest on subsidized loans while you're in school, while the borrower pays all of the interest on unsubsidized loans, though you can have the payments deferred until after graduation.

Subsidized Stafford Loans. When the Office of Financial Assistance mails you an award letter, you may see that you are eligible for a Subsidized Stafford Loan. First year full time students may borrow up to $3500; sophomores, $4500; juniors and seniors, $5500. When you receive your award letter, you must designate whether or not you want to accept the loan.

The Unsubsidized Stafford Loan is available to students who are enrolled at least half-time at Newbury and whose parents are unable to get a PLUS loan. Students who demonstrate need are eligible for the subsidized loan.

State Loans

The Massachusetts No-Interest Loan Program assists students through a loan that is interest free. Repayment begins six months after the student graduates, withdraws or falls below half time enrollment. Eligibility is based on financial need as determined by state guidelines, as well as availability of funds.