Assumption College’s professional financial aid counselors have nearly 60 years of collective experience working with students and their families. Once you have reviewed your financial aid package, there are a variety of other tools we can suggest to assist families.
Interest-Free Monthly Tuition Payment Plans
Advantages to the Monthly Tuition Payment Plan:
Federal Parent PLUS Loan
Parents of dependent students can borrow a Direct Parent PLUS Loan to cover expenses related to tuition, room and board, and lab fees, minus any other financial aid received. Funds can be borrowed for books and living expenses.
The Massachusetts Education Financing Authority (MEFA) offers low-cost, fixed interest loans to students attending a Massachusetts college or university. MEFA Loans can supplement a Stafford Loan and/or replace all or part of the Expected Family Contribution (EFC). MEFA Loans are not based on need, but on borrower and co-borrower creditworthiness.
Advantages of MEFA Loans:
MEFA currently offers two loan programs to Assumption students: MEFA Undergraduate Loan and MEFA Student Deferred Loan.
You can apply online with at www.mefa.org. Please contact MEFA at 1-800-449-6332 for more information.
Private Alternative Loans
Assumption College encourages you to exhaust all federal loan opportunities before applying for a private alternative loan. These loans are available to help cover the remaining balance after financial aid. All private loans are subject to credit approval.
The Assumption College Financial Aid Office follows a clear process and a Code of Conduct that guides our selection of suggested lenders. We recommend lenders based on the quality of the products and services they provide to students and their families. To view our full list of private alternative loans, please log onto ELM Selectand choose “Assumption College” from the drop-down menu.
You are completely free to apply with a lender of your own choice that is not on our list.