To apply for federal and state financial aid, a Free Application for Federal Student Aid (FAFSA) and an Emmanuel College Application for Financial Aid are both required. For more information on applying for financial aid, please visit this page.
Graduate Student Financial Aid
Federal Direct Unsubsidized Loan
Eligible graduate students may receive a Federal Direct Unsubsidized Loan of up to $20,500 per academic year, but this amount cannot exceed their cost of attendance minus any other other financial aid. This loan carries a fixed interest rate. Borrowers may choose to defer the interest payments while in school and during their six-month grace period, but the interest will be capitalized.
Graduate PLUS Loan
An additional federal loan for graduate students who are ineligible for the Federal Direct Unsubsidized Loan, or who have a remaining balance after their financial award. This loan is available to graduate students without an adverse credit history (the absence of any credit history is not viewed as adverse credit). This loan carries a fixed interest rate. Borrowers may choose to defer the interest payments while in school and during their six-month grace period, but the interest will be capitalized. Please contact the Office of Student Financial Services for more information on applying for this loan.
Federal TEACH Grant
The Federal Teacher Education Assistance for College and Higher Education (TEACH) Grant is gift aid awarded to students in exchange for an agreement to serve as a teacher in a high-need field in a public or private elementary or secondary school thaat serves low-income students. More information is available here.
Undergraduate Student Financial Aid
Federal Direct Loans
Direct Subsidized Loan
Undergraduate students who demonstrate financial need are eligible for the Federal Direct Subsidized Loan. The loan carries a fixed interest rate, which the federal government pays while the student borrower is enrolled at least half time. Loan amounts are included on the table below.
Direct Unsubsidized Loan
Undergraduate students who do not demonstrate financial need are eligible for the Federal Direct Unsubsidized Loan. This loan carries a fixed interest rate. Borrowers may choose to defer the interest payments while in school and during their six-month grace period, but the interest will be capitalized.
Maximum Federal Direct Loan Amounts Per Academic Year:
Grade Level |
Dependent Student |
Independent Student |
Freshman (0-31 Credits) |
$5,500 |
$9,500 |
Sophomore (32-63 Credits) |
$6,500 |
$10,500 |
Junior/Senior (64+ Credits) |
$7,500 |
$12,500 |
Federal Pell Grant
Gift aid from the federal government to undergraduate students with significant financial need.
MA State Grant
Gift aid from the Commonwealth of Massachusetts to full-time undergraduate students with significant financial need who are also Massachusetts residents. Awards are estimated until the College receives notification from the state's scholarship office.