Loan & Financing Options

Federal Stafford Loan: This loan will be included in all award packages for students who go through the application process. The amounts are limited by the class year of the student:
Freshman (0 – 29 credits earned) $3500
Sophomore (30 – 59 credits earned) $4500
Junior (60 – 89 credits earned) $5500
Senior (90 credits and above) $5500
Graduate students up to $18,500

In order to receive this funding, a student must complete the Master Promissory Note online at http://www.simpletuition.com/lasell/. The financial aid office will be notified upon the successful completion of this form. This only needs to be done once as an incoming student.

Students also need to complete the Stafford Loan Entrance interview online at http://www.mappingyourfuture.org/oslc/. This takes approximately 20 minutes and the financial aid office will be notified automatically when it has been successfully completed. This only needs to be done once as an incoming student.

Parent Loans for Undergraduate Students (PLUS): This loan program is available to parents to borrow up to the cost of attendance less the other aid the student is receiving. In order to research this loan, the lenders available and to apply for this loan, parents should go to http://www.simpletuition.com/lasell/. We require that parents apply and be approved for this loan before we will add it to the award package and allow it to appear as a credit on the students’ bill.

We highly recommend applying for enough to cover the cost of attendance for the full year.  If you need assistance determining the amount to borrow, we recommend you contact Student Accounts at 617-243-2103.

Private/Alternative loans for students: These loans are usually borrowed in the students’ name with someone as a cosigner. The amount is limited to the cost of attendance less the other aid a student is receiving. To research the loans, the lenders available and to apply for a loan, go to http://simpletuition.com/lasell/. We require that the application be completed and approved before we will add this loan to the award package and allow it to appear as a credit on the student’s bill.

We highly recommend applying for enough to cover the cost of attendance for the full year. If you need assistance determining the amount to borrow, we recommend you contact Student Accounts at 617-243-2103.

A note about our preferred lender list:
Lasell College, through the collection of date via a Request for Information from our lending partners, has identified a selection of lenders we have chosen to present to you in the form of our preferred lender list. These are lenders we feel will provide both competitive benefits and terms on the loans, but also timely delivery of funds and excellent customer service both while the student is in school as well as in repayment. Borrowers are not required to borrow through these lenders and may choose any lender that participates in these programs. Our lender list is presented on the website http://simpletuition.com/lasell/.

Application Timeline:
Stafford Loan Master Promissory Note and Entrance interview for new students: After May 1, 2008
Parent loans for new or returning students: After May 1, 2008
Private Student Loans for new or returning students: After May 1, 2008
Monthly Payment Plan: Information regarding the details of the monthly payment plan, such as when and how to sign up will be forthcoming from the Office of Student Accounts, and will be available on this page in the near future.