Massachusetts Loans
Massachusetts Student Loans
The Massachusetts Board of Higher Education offers students three student financial aid programs they can apply for when entering a community college or university situated in the state. The programs include the MASSGrant, Need Based Tuition Waiver, and Cash Grant.
MASSGrant
Funded by appropriations from the Massachusetts Legislature, the MASSGrant is awarded based on a student’s financial need. The program was designed to benefit undergraduate students who are enrolled in any Massachusetts college or university. The student must also be enrolled in a degree-seeking program.
Massachusetts Tuition Waiver Program
The Massachusetts Tuition Waiver Program was created in 1981 to help offset increases in college tuition. The objective of the program is to provide assistance to state students seeking a degree at a public colleges and universities.
Cash Grant
The Cash Grant Program is a complimentary program to the Tuition Waiver Program. The program was founded to assist financially needy students with paying for mandatory fees and non-state supported tuition.
Students who want to apply for any of the assistance programs should contact the Massachusetts Board of Higher Education for more information. Experts also recommend that students file a Free Application for Federal Student Aid (FAFSA) with the U.S. Department of Education. Through government-backed programs, students can qualify for a Federal Pell Grant or Direct Loan. Sometimes, depending on the person’s need, both a Pell Grant and Direct Loan will be awarded. To learn more about federal aid visit the U.S. Department of Education’s Web site or your high school counselor.
Massachusetts students can also apply for a private student loan to help cover their academic expenses. Private student loans are available on top of any state or federal awards. They can help make ends meet when it comes to expenses and funding. To learn more about Massachusetts private student loans visit www.student-loans.net
