Reduce your college costs with our Tuition Incentive Discount Plan! Any matriculated degree or certificate candidate who enrolls in and completes a regularly scheduled three-credit course in each of the Fall, Spring, and Summer I semesters will be entitled to a 25% tuition reduction in the Summer II semester. Learn more.

Financial Aid

Continuing Education Scholarship
Through donations from Continuing Education alumni/ae and W.I.S.E., scholarship money is available to matriculated Continuing Education students. Awards are made for the fall semester, and eligibility requirements and application information is available in the Center during the summer. Awards are based on financial need and applicants must also submit a 500-word essay. Click here for the application.

Employer Reimbursement
Many companies offer some form of tuition reimbursement as a benefit to their employees. Contact the benefits office at your company for information and to make arrangements with your employer prior to registration. Deferred tuition payment is possible for employees of approved companies, along with the use of the Assumption College promissory note. Please contact the Finance Office at 508-767-7351 with any questions on employer reimbursement.

Extended Payment Plan
Continuing Education students may arrange to pay educational expenses through regularly scheduled payments with Tuition Pay (AMS). Application deadlines are August 1st for the fall semester and December 1st for the spring semester. This low-cost, flexible payment system is not a loan program; there is an application fee of $60, but there are no interest or finance charges. Applications are available from the Finance Office or call 508-767-7471 for more information..

Federal Pell Grants

The Federal Pell Grant is an award for undergraduate students who qualify on the basis of financial need. Individuals who have been notified that they are eligible for a Pell Grant may use that grant to take courses through the Center provided that they have been accepted into an eligible program leading to a degree or certificate.

Federal Stafford Loan Program

The Federal Stafford Loan requires no repayment while the student is enrolled at least half-time. Students must be accepted into a degree or certificate program. Students must complete the Free Application for Federal Student Aid at www.fafsa.gov.

Assumption College will be participating in the William D. Ford Direct Loan Program starting with the 2010-2011 academic year for all Federal Stafford Subsidized and Unsubsidized loans. Due to recently passed federal legislation, the College will no longer participate in the Federal Family Education Loan Program (FFELP).

With this new program students will no longer select a specific lender as part of the federal loan application process; the lender for the William D. Ford Direct Loan Program is the U.S. Department of Education (DOE).

Interest Rates 2010-2011

Undergraduate Student

Subsidized                    4.5%

Unsubsidized                6.8%

Origination Fee 1%

For the 2010-2011 academic school year, the maximum amounts a student may borrow are shown below:

ALL student Stafford loan borrowers (new and previous borrowers) must complete the two step process outlined below.
You will need the following information before you begin:

Click on either step to begin.

ALL STUDENTS BORROWING STAFFORD LOANS FOR THE 2010-2011 ACADEMIC YEAR MUST COMPLETE DIRECT LOAN ENTRANCE COUNSELING AND DIRECT LOAN MASTER PROMISSORY NOTE BY JUNE 1, 2010.

Sallie Mae Smart Option Student Loan
The Sallie Mae Smart Option Student Loan is available to eligible students who are taking less than six credits per semester or are enrolled in our non-credit Professional Programs. Please visit: SallieMae.com/SmartOption for more information.

Massachusetts Part-Time Student Grant Program
The Massachusetts Part-Time Student Grant Program is available to eligible students who meet the criteria outlined in the Financial Aid Guider. Students interested in applying for financial assistance under the terms of this grant should insure that the appropriate forms are filed in the Financial Aid Office.

Veterans’ Benefits
Veterans and reservists who are eligible for benefits and are matriculated in a degree or certificate program must pay tuition and fees for courses taken in the Center for Continuing & Career Education (in accordance with Chapter 457, Acts of 1976). Benefits will be paid directly to the student. All veterans must complete a form indicating their eligible status as approved by the Veterans’ Affairs Officer. Veterans should contact the Registrar’s Office, at 508-767-7408.

OTHER SOURCES OF FINANCIAL AID INFORMATION:

Visit your local public library! Librarians are great sources of information, and many libraries have financial aid information available.

Greater Worcester Community Foundation -- applications for scholarships are now available from their website.

The Greater Worcester Community Foundation promotes healthy and vibrant communities by increasing philanthropy and effectively investing resources. The Foundation achieves its mission in four primary ways:

1. We work with donors on tailored giving programs;
2. Invest in local nonprofit organizations through grants and technical support;
3. Convene organizations across sectors to address shared goals;
4. Safeguard the assets entrusted to us.

By focusing on the entire community rather than on any specific issue, the Greater Worcester Community Foundation is able to address matters of greatest importance to the people of this region. We build flexible, permanent capital to serve the region now and in the future.

Talbots Women's Scholarship Fund
The Talbots Charitable Foundation offers a national $100,000 scholarship program for women who earned their high school diploma or GED at least 10 years ago, and who are now seeking a college degree. Five $10,000 scholarships and fifty $1,000 scholarships are awarded annually. Information and Applications are available at the Talbots web site