Financial Aid Questions?
Student Financial Services
All federal awards are determined by financial need as calculated using the information supplied on the FAFSA (Free Application for Federal Student Aid).
Grants - Two programs provide outright grant funds, which do not need to be repaid:
Work Study - These funds provide a portion of the wages paid to students who are awarded campus jobs as part of their financial aid packages. Students apply for positions during orientation. Student employees work approximately 9 to 10 hours per week and are paid bi-weekly.
Federal Stafford Loans - These 5.05% fixed rate loans enable students to borrow directly from the Department of Education. Interest is paid by the government on subsidized Stafford loans, which are need-based. Interest accrues on the unsubsidized Stafford loans while the student is in school. Student loan repayment is deferred until six months after graduation or after a student stops attending college at least half-time. All first-time borrowers are required to complete Entrance Counseling and a Master Promissory Note at www.studentloans.gov. School certification is required for disbursement and will take place after the loan application process is complete. Additional unsubsidized Stafford loans are available to dependent students whose parents are not approved for the Federal PLUS loan. This loan is in addition to the student's Federal Stafford Loan.
|Loan Limit||Dependent Student*||Independent Student**|
|1st Year Undergraduate||$5,500 (maximum
|2nd Year Undergraduate||$6,500 (maximum
|3rd Year Undergraduate||$7,500 (maximum
*Except those whose parents are unable to borrow a PLUS loan.
**These limits also apply to dependent students whose parents are unable to borrow a PLUS loan.
Cumulative Borrowing Caps - The total cumulative subsidized Stafford, unsubsidized loans, and FFEL Program Loan amounts are:
You qualify as a Massachusetts resident if your permanent address was in the state of Massachusetts for the 12 months immediately preceding your enrollment at Bay Path University. To apply for the following grants, you must submit the FAFSA to determine loan eligibility.