Financial Aid Process

Financial Aid Process

Borrowing money for school is a serious, long-term, financial obligation. We want to insure that all borrowers learn how to handle their finances so that they are in a position to repay their loan debts after they leave Lasell College. The Department of Education mandates that all first time Federal Direct Student Loan and Federal Grad PLUS borrowers complete an "entrance counseling" session before receiving their first loan. Loan proceeds can not be credited to students' accounts until they fulfill this requirement.

How to Apply for Financial Aid

  1. Complete the FAFSA: 
    Students must file the Free Application for Federal Student Aid (FAFSA) and complete this document and any other documents as required by the Office of Student Financial Planning. Watch "7 Steps to completing the FAFSA" for help. 

  2. Entrance Counseling: 
    Sign on to the StudentLoans.gov site. The log in page will request your Social Security Number, Name, Date of Birth and Federal Student Aid PIN Number. Through the StudentLoans.gov Entrance Counseling process, borrowers will learn about: Students who are borrowing for the first time under the Direct Stafford or "Grad PLUS" programs must complete a Master Promissory Note.

  3. Complete part 1 of the W-9S form: Please fill in your social security or tax identification number so that we may update our records accordingly. In order to generate the Federal Tax Form 1098T we are required to request your correct identifying number to file the return with the IRS and to furnish a statement to you. For security reasons, we request that you do not mail or email your social security or tax identification number. Please visit the Student Accounts Office on the 2nd floor of Potter House with your completed form.

Exit Counseling: 

  1. Students who have borrowed under the Federal Direct Stafford Loan Program must complete an "Exit Loan Counseling " session during their final semester. Effective July 1, 2008, students who have borrowed under the Federal Grad PLUS Loan must also complete an "Exit Counseling" session. The U.S. Department of Education wants to insure that students review the terms of their loan and understand their rights and responsibilities under this program as they enter repayment.

Graduate school tuition is an investment for sure the value of your education is so much more than tuition rates. Value is measured by quality of your experience and your marketability upon graduation.

Enrollment Eligibility

Submission for Financial Aid 

In order to fulfill the Financial Aid requirements, students must be enrolled in a graduate degree program for a minimum of 3 credits in one session. (A session is an 8 week course.) This constitutes half time. However, if a student enrolls in one, three-credit, fifteen-week course they must also be registered in either a session I or a session II course to qualify for financial aid. Specific details to note:

  • Winter session is optional. As a stand alone term, winter intersession does not qualify for financial aid. A student may receive aid for the intersession if he or she is in either Spring main or Spring I. Winter will be attached to one of those sessions to receive aid.
  • Certificate programs are not eligible. Students must be admitted to a degree program.
  • Aid will be disbursed after the add/drop deadline, for each session. If a student has not attended any classes, they will not be considered in attendance and will not receive financial aid for that session.

Financial Resources

At Lasell, we work with you to help make your education affordable. Feel free to call, email, or visit the Office of Financial Aid at Lasell College to discuss your financial options at any time. 

Office of Financial Aid

finaid@lasell.edu
Phone: 617-243-2227
Fax: 617-243-2326
1844 Commonwealth Ave.
Newton MA 02466


Resources

www.finaid.org- includes interactive calculators, estimators, discussion groups, scholarship search links, and a listing of financial aid resources. 
www.fastweb.com - provides free scholarship search with more than 400,000 scholarship sources. 
www.heic.org - provides information on the college application process and financial aid from the Massachusetts Higher Education Information Center. 
www.ed.gov - provides links to information on federal financial aid programs from the Department of Education. 
www.fafsa.ed.gov - link to the online version of the Free Application for Federal Student Aid.
www.pin.ed.gov- use to request a PIN for the first time to apply online for the FAFSA, or to request another copy of the PIN already assigned, or to change the PIN already assigned. 
www.studentclearinghouse.org - provides real time information regarding loan borrowing history, where and how much a student has borrowed, and through what programs to assist students with debt management.
www.doe.mass.edu - link to the Massachusetts Department of Education

Accident and Sickness Insurance

Graduate students are not eligible to be covered by the Lasell College Student Health Insurance. Courses that meet strictly online and courses that meet less than 15 days a semester on campus are not included in the calculation of qualifying credits.

International Graduate Students:

International Graduate Students are strongly encouraged to purchase health insurance coverage prior to arrival in the United States. It is advised to protect against unforeseen health circumstances while studying here at Lasell College. There are a variety of health insurance providers available to assist international students purchase coverage. University Health Plan (UHP), the Lasell College provider, is available to answer general insurance plan questions and make appropriate referrals. To speak with a representative, please call (800) 437-6448 or send an email to info@univhealthplans.com.