The Office of Financial Aid is here to assist you with the process and guidelines of financing your education. We will work with you to ensure that you have a clear understanding of your financial aid options while attending Assumption University.
All students are encouraged to seek out and apply for appropriate financial aid assistance. For more information, please contact the Office of Financial Aid at 508.767.7158, fa@assumption.edu or https://www.assumption.edu/admissions-financial-aid/graduate-and-post-baccalaureate-admissions-and-financial-aid/graduate-tuition-and-financial-aid.
Important Note: Federal financial aid is only available to students that are matriculated in an eligible program. To determine if your program is eligible for Federal financial aid, please contact either the academic department or the Office of Financial Aid at 508.767.7158. Non-matriculants are not eligible for federal financial aid.
Loans: Eligible graduate students can borrow loans through the Federal Direct Student Loan program or through a private educational lender.
Federal Loans: Qualifying graduate students are eligible to borrow up to the cost of attendance (COA) through the Federal Direct Student Loan program via a combination of a Federal Direct Unsubsidized Loan and a Federal Direct Graduate PLUS Loan. Graduate students can borrow up to $20,500 a year in a Federal Direct Unsubsidized loan, and up to the COA in a Federal Direct Graduate PLUS Loan. Availability of Federal Direct Graduate PLUS Loans will change in 2026. Please contact the Financial Aid Office if you currently receive a Graduate PLUS loan or have questions.
To apply for a Federal Direct Student Loan students should complete the Free Application for Federal Student Aid (FAFSA) form for the applicable academic year. The FAFSA is filed online at www.fafsa.ed.gov. Be sure to include Assumption University’s Federal School Code (002118) on the FAFSA to ensure the Office of Financial Aid receives the results of your application. Financial aid applications can only be processed for unconditionally accepted full-time (nine credits/semester) and half-time (six credits/semester) students. Upon processing of the application for financial aid students will need to complete a Master Promissory Note (MPN) and an Entrance Interview at www.studentloans.gov.
Private Alternative Loans: Assumption University encourages you to fully research the loans and lenders that best fit your needs. All private loans are subject to credit approval. To apply, a completed promissory note should be submitted for certification to the Office of Financial Aid. The certified loan will then be reflected as a secure loan to be applied towards your student account. ELMSelect provides a neutral lender and product comparison tool. It allows students to evaluate, compare, and select a lender that best fits their financial needs. You can review all lenders on one page or narrow the list of lenders and compare them side by side. You can begin the loan application process from ELMSelect by choosing ‘Apply Now’ for the selected lender. For detailed information about each of the loans, including borrower benefits and services, log onto www.elmselect.com.
Please note: The Office of Financial Aid at Assumption University follows a clear process and a Code of Conduct that guides our selection of suggested lenders. However, Assumption University will accept loans from lenders not on the suggested list.
Financial Aid Satisfactory Academic Progress (SAP)
Graduate students must maintain Financial Aid SAP in order to continue receiving federal, state, and institutional financial aid in subsequent years. Graduate students are required to maintain a minimum GPA of 3.0 and pass 67% of their attempted classes at the end of each academic year in order to maintain/pass Financial Aid SAP. The Financial Aid SAP evaluation is conducted annually at the end of the spring semester (May) and students are notified in June if they did not pass Financial Aid SAP. Students who do not pass Financial Aid SAP will lose eligibility for all sources of financial aid for the upcoming academic year.
For more detailed information on Graduate Student Financial Aid SAP, please visit the following website: https://www.assumption.edu/admissions-financial-aid/graduate-admissions-and-financial-aid/graduate-tuition-and-financial-aid.