Becker College encourages Graduate Students to fill out the Free Application for Federal Student Aid or FAFSA (opens in a new window). The FAFSA is available beginning October 1 of each year. Becker’s School Code (requested by the FAFSA) is 002123.
Types of Aid:
Graduate Student Assistantships
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 for the academic program in which they are enrolling. Applications can be downloaded (see below) and should be submitted to the individual programs.
- MFA Interactive Media Assistantship Application (opens in a new window). Submit to Amanda Theinert, Director of the Master’s in Fine Arts Program (Amanda.Theinert@becker.edu).
Clements Grant (Mental Health Counseling only)
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:
- Students must be enrolled in the recommended course load for each term (fall and spring) in the MA in Mental Health Counseling Program. Approved transfer credits may be used to replace recommended course load credits.
- Students must obtain a passing grade in all classes.
- Students must maintain a GPA of 3.0 each Financial Aid Year.
- Students must complete 60 credits within the 2 year program. This may include up to 12 approved transfer credits.
- All financial obligations to Becker College must be paid in full before the start of the next Financial Aid Year.
- Students must not have any Becker College Code of Conduct Violations.
- Graduate students are eligible to receive the following amounts each year (maximum 2 years):
- 2018-2019: $4,000
Quell Foundation Graduate Scholarship (QUELL)
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.
The 2019/20 Quell Application is closed. The 2020/21 Quell Application will be posted in the spring of 2020.
Unsubsidized Direct Loan
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 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 Unsubsidized Loans (Graduate) for the 2018-2019 academic year, first disbursement made between July 1, 2018 and June 30, 2019, is 6.60%. The interest rate for Federal Direct Unsubsidized Loans (Graduate) for the 2019-2020 academic year, first disbursement made between July 1, 2019 and June 30, 2020, is 6.08%. Students are welcome pay the interest on their Direct Unsubsidized loan while in school and without penalty. Students interested in making payments should contact their lender directly. (Becker Financial Aid can help determine the lender).
Graduate PLUS Loans
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 2018-2019 academic year, first disbursement date on or after July 1, 2018 and before June 30, 2019, is 7.60%. The interest rate for Federal Direct Parent PLUS Loan for the 2019-2020 academic year, first disbursement date on or after July 1, 2019 and before June 30, 2020, is 7.08%.
Federal Direct 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 on or after October 1, 2018 and before October 1, 2019, have a 4.248% fee deducted from each loan disbursement. Loans with a first disbursement date on or after October 1, 2019 and before October 1, 2020, will have a 4.236% 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.
Eligibility Requirements: Graduate students are who wish to borrow a Grad PLUS Loan are required to complete the FAFSA (opens in a new window). Student must be accepted in a degree-granting program for at least six credits each term. Please note that federal regulations do not allow PLUS loan applications to be processed for an outstanding balance that is associated with an academic year that has already ended. In order to receive approval, the applicant must not have an adverse credit history.
In order to receive the Direct Unsubsidized Loan, first-time graduate borrowers must complete Entrance Counseling and sign the electronic Master Promissory Note (MPN) by visiting studentloans.gov (opens in a new window) and using their FSA ID to complete these documents. Loans will not show on the student’s bill until both these requirements are met.
Additionally, students borrowing the Grad PLUS Loan must do a separate PLUS Master Promissory Note on the same site, studentloans.gov (opens in a new window).
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 certify and process private alternative student loans from any reputable lender.
To find a list of lenders with whom we have worked in the past, please visit ELM Select (opens in a new window). You are not required to use one of these lenders; if you wish to use another lender that is not on this list, you have the right to do so.