The Office of Student Financial Planning works with incoming and current students to help navigate the process of applying for financial aid. Whether it is aid from federal, state, or institutional resources, our experienced staff is here to assist you in identifying and securing the aid for which you are eligible.
Lasell University awards financial aid on a rolling basis.
Lasell University Awards are offered to students at the time of admission.
Need-based aid awards based on admission and the information received from the FAFSA. Awards are mailed out in early December and continues on a rolling basis.
Change in Financial Circumstances
The need-based awards are determined based on the information received from the FAFSA. Since the FAFSA calculates a family's estimated contribution based on tax information from two years ago, we recognize that sometimes a family's income is not always consistent. If your family has experienced a recent change in financial circumstances, such as loss or reduced income due to the COVID-19 Pandemic, please contact Student Financial Planning for a review of your unique situation.
Completing the FAFSA via Mobile App - 2022-23 Edition
Need help completing the FAFAS via mobile app? Created as part of NASFAA U's Fundamentals of Student Financial Aid online course curriculum, NASFAA recently created a video that covers the steps a student must go through to complete and submit a FAFSA through the myStudentAid mobile app.
By completing the Free Application for Federal Student Aid (FAFSA), you will be automatically considered for all forms of need-based financial aid offered by Lasell and the federal and state government. Lasell University FASFA Code: 002158.
The FAFSA may be filed anytime after October 1st but should be received by Lasell no later than March 1st for priority consideration.
To maximize your eligibility for aid, be sure to apply by the appropriate deadline for your state of residence. For MA state residents, the FAFSA should be completed and submitted no later than May 1 in order to be considered for MA state grant funding.
2. Complete Master Promissory Note and Entrance Counseling
Once you have deposited and if you are receiving your first Direct Subsidized Loan or Direct Unsubsidized Loan as an undergraduate, you are required to complete the two following items at Federal Student Aid (studentloans.gov):
Direct Loan Master Promissory Note: The Subsidized/Unsubsidized Master Promissory Note (MPN) is a legal document in which you promise to repay your federal student loan(s) and any accrued interest and fees to your lender or loan holder.
Direct Loan Entrance Counseling: Entrance Counseling helps to ensure that you understand the responsibilities and obligations you are assuming. Loan proceeds cannot be credited to your student account until you fulfill this requirement.
Students who wish to be considered for need-based financial aid from Lasell University, Federal or State grants and loans, or the Federal Work Study program should complete the Free Application for Federal Student Aid (FASFA) any other documents as required by the Office of Student Financial Planning. Lasell University FAFSA code: 002158.
In order to maximize your eligibility for aid, be sure to apply by the appropriate deadline for your state of residence. For MA state residents, the FAFSA should be completed and submitted no later than May 1 in order to be considered for MA state grant funding.
Free Application for Federal Student Aid (FAFSA) is available.
April 15
Complete FAFSA. We will notify you after that date if you need to provide any additional information for your financial aid file.
May
Awarding begins after the spring semester grades have posted so that we may determine your class level and if you are meeting Satisfactory Academic Progress as defined by federal regulation and as found in our policies.
2. Exit Counseling
Students who have a subsidized or unsubsidized loan(s) under the Direct Loan Program must complete an Exit Loan Counseling session during their final semester. Exit counseling provides important information to prepare you to repay your federal student loan(s). >
All applicants are automatically reviewed for a Lasell University Award as part of the admission review process. The Office of Undergraduate Admission will notify you if you qualify.
Loans
International students are not typically eligible for loan funding, unless you are applying with a co-signer who is either a US Citizen or eligible non-citizen.
For more information on private student loans, visit ELM Select. You will be able to research the lenders who offer private education loans, and begin the application process for a loan. We require that a loan application be completed and approved before we add the loan to the award package and allow it to appear as a credit on your student bill.
