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Master's students applying for financial aid should follow the procedures listed under the Application Process.
Federal Direct Grad PLUS Loan for the Master's Student
Master's students can apply for a Federal Direct Grad PLUS Loan. The PLUS loan allows students to borrow up to the cost of attendance, less any other financial aid. The lender is the U.S. Department of Education. There is a loan origination fee of 2.5 percent, which is deducted from the principal loan amount requested.
- Admitted/matriculated and enrolled in a Master's or professional degree program
- Enrolled at least half-time and making satisfactory academic progress
- Cannot have an adverse credit history (a credit check will be done)
- U.S. citizen or eligible noncitizen and must meet general eligibility requirements for Federal Student Aid programs
Students can go on line and get a credit decision and, upon approval, complete the Master Promissory Note (MPN) by following the instructions below.
Step 1: Go to: www.studentloans.gov
Step 2: Sign in with your FAFSA PIN
Step 3: Request a PLUS Loan
PLUS Loan funds are disbursed directly to the student account in two equal installments. The interest rate is fixed at 7.9 percent. Interest is charged beginning on the date of the first disbursement. Repayment begins immediately after graduation or if you drop to less than one-half time attendance. A Disclosure Statement will be sent to the borrower from the Direct Loan Servicing Center.
Alternative Student Loans
There are a variety of banks and private lenders who offer alternative education loans for graduate students. Regis College has a formal process to review the alternative student loan offerings of the major lenders. Based on this review, we have chosen the lenders below who offer a variety of benefits to the borrowers. Be assured that Regis College receives no benefits, financial or otherwise, from the lenders presented on the list.
Lenders offer private loan programs with different rates, fees, repayment terms and approval requirements. We suggest that you carefully review each program to compare the terms and conditions before deciding which alternative loan may be appropriate for your needs. All alternative loan information is accurate as of 06/12/2013.
Please click on the link above to access “ELM“, the new Alternative Loan Portal used by Regis College.
The National Student Loan Data system (NSLDS)
The NSLDS is an online central database that keeps track of all federal student loans. Perkins Loan and Pell Grant information may also be viewed via this Website. Loan information is transmitted to NSLDS from schools, lenders, and loan servicers. All information viewed is private and secure, and can only be accessed using a student's social security number, first two letters of last name, date of birth and FAFSA PIN.
Regis College School Code
Regis College Bursar's Office
The Office of Financial Aid
located at College Hall Room 221
Center for Student Services
Office of Financial Aid
235 Wellesley Street
Weston, MA 02493
Federal Direct Loans
- Entrance Counseling for Direct Subsidized, Unsubsidized & Graduate PLUS Loans
- Federal Direct Subsidized and Unsubsidized Master Promissory Note
- Federal Grad Plus Loan Master Promissory Note