Becker College Office of Financial Aid
47 Sever Street
Worcester, MA 01609
At Becker College, the Office of Financial Aid is committed to assisting graduate students in meeting their responsibilities for the cost of education by helping them bridge the gap between their own resources and the cost of attendance. The following information will inform you of programs and loans available.
Becker College encourages everyone to fill out the Free Application for Federal Student Aid (FAFSA). Information from the FAFSA is used by the College to determine your eligibility for financial aid.
The Clements Grant is awarded to select Becker College graduate students for academic merit. The award was established in honor of Nancy Clements, MA, CCC-SLP, founder of the Social Thinking® Boston clinic. Beginning with the undergraduate Social Thinking® course she taught in 2013, Nancy’s insights and contributions have been instrumental in the development of the specialty tracks within the Becker College Master of Arts in Mental Health Counseling program, as well as the clinical practicum and internship opportunities for Becker students.
The eligibility requirements for the Clements Grant are listed below, as well as the renewal criteria for the following Financial Aid Year. Eligibility and Renewal Requirements:
Graduate students are eligible to receive the following amounts each year:
The Quell Foundation Bridge the Gap Scholarship is awarded to third or fourth year Undergraduate students or Graduate students pursuing a degree in psychology, social work, or other fields of study related to the provision of mental health services. The award was established as a means of fulfilling the Quell Foundation's mission to increase the talent pipeline through scholarship awards to students entering the mental health profession, expand the delivery of needed mental health care services and promote reformation to extend the scope of clinical behavioral health professional services. More information and the application can be found here.
Assistantships for graduate students may be available in the areas of teaching, academic coaching, social coaching, or clinic/program operations. Assistantships are typically available for 5-15 hours per week and may be renewable each semester. Compensation ranges from $1,200 to $3,600 per semester and is awarded as tuition remission. Students interested in obtaining an assistantship must complete a Graduate Assistantship Application. Applications can be obtained from the Graduate Admissions office (firstname.lastname@example.org) or from Dr. Beth Greenberg, Associate Professor of Psychology and Program Coordinator (email@example.com), and can be submitted to Dr. Greenberg.
Scholarship Search Engine websites are a valuable resource for researching and finding many scholarships on one site for which you may be eligible to apply.
Direct loans are offered to students from the Department of Education.
Federal Direct Unsubsidized loans are not awarded on the basis of financial need. The loan accrues interest from the time it it is disbursed until it is paid in full. If you allow the interest to accrue while you are in school or during repayment periods, this interest will be capitalized. Interest that is capitalized will be added to the principal amount of your loan, and additional interest will be based on the higher amount. The interest rate for Federal Direct Graduate Unsubsidized Loans, first disbursed after July 1, 2016, and before July 1, 2017, is 5.31%. The interest rate for Federal Direct Graduate Unsubsidized Loans first disbursed on or after July 1, 2017, and before July 1, 2018, is 6.0%. Note: Students can pay the interest on their Direct Unsubsidized loan while in school. Students interested in making payments should contact their lender directly.
Federal Direct Loan Fee – The origination fee is held by the U.S. Department of Education as an expense of assuming a Direct Loan. Loans with a first disbursement date prior to October 1, 2016 have a 1.068% fee deducted from each loan disbursement. Loans with a first disbursement date on or after October 1, 2016 and before October 1, 2017, will have a 1.069% fee deducted from each loan disbursement. Loans with a first disbursement date on or after October 1, 2017 will have a 1.066% fee deducted from each loan disbursement.
Graduate and Professional degree students are now eligible to borrow Graduate PLUS Loans under the William D. Ford Direct Loan Program. Students may borrow up to the cost of attendance minus other financial aid. The interest rate for Federal Direct Parent PLUS Loan for the 2016-2017 academic year, first disbursed after July 1, 2016, is 6.31%.
Federal Direct Parent PLUS Loan Fee – The origination fee is held by the U.S. Department of Education as an expense of assuming a Direct Loan. Loans with a first disbursement date prior to October 1, 2016 have a 4.272% fee deducted from each loan disbursement. Loans with a first disbursement date on or after October 1, 2016 will have a 4.276% fee deducted from each loan disbursement.
The repayment period for a Direct Grad PLUS borrower begins on the date of the final disbursement of the loan and the first payment is due within 60 days of the final disbursement of that loan. The Grad PLUS borrower may apply for an in-school deferment by submitting an In-School Deferment Request to the Direct Loan Servicing Center.
ALL GRADUATE STUDENT DIRECT AND PLUS LOAN BORROWERS MUST COMPLETE THE FOLLOWING TWO STEPS TO SECURE THEIR DIRECT LOAN FUNDS:
1. DIRECT LOAN ENTRANCE COUNSELING AND DIRECT LOAN MASTER PROMISSORY NOTE
Becker College participates in alternative loan programs through a number of lenders. Becker supports the family's right to obtain a private alternative student loan from any loan provider and will certifiy and process private alternative student loans from any lender.
To find a list of lenders in which the Office of Financial Aid has selected please click here. We recommend these lenders based on the quality of products and services they provide to students and families. We have carefully considered our selections in order to provide you with the best possible list of suggested lenders. However, if you wish to use another lender that is not on this list, you have the right to do so.