Student Loans for Simmons College Students
About Simmons College
Located in Boston’s scenic Back Bay Fens, Simmons College is a private, women’s undergraduate college that offers an intimate liberal arts education. With fewer than 2,000 undergraduate students enrolled, Simmons really captures the feel of a small liberal arts college; on the flip side, it’s located right in the middle of Boston, one of the greatest college towns you could find. The combination of these two aspects makes Simmons a truly unique school.
Going to Simmons is unfortunately a rather expensive endeavor, and living in Boston can get pretty pricey as well. Don’t let these high costs get you down, though—just remember, and especially if you’re on Simmons College financial aid, that it’s important to keep yourself on a budget. Only spend your hard-earned cash on things you really need.
Applying for Simmons College Financial Aid
Simmons’ financial aid office requires students to submit two forms as their application for aid: the Free Application for Federal Student Aid (FAFSA), and Simmons’ own aid form.
Simmons College Student Loans
While Simmons is general with disbursing financial aid, their aid program is not able to meet the need of all of its students. For this past year’s freshman class, out of 335 applicants for aid, 307 were judged to have need and subsequently offered financial aid; however, only 35 students had their full need met, and on average 68% of a student’s need was covered. Furthermore, 50% of the student body has private student loans, as their financial aid packages fell short of covering their total need.
If you are in a position where your financial aid package was not sufficient to cover your college costs, first turn to federal loans and ‘free money awards,’ like scholarships and grants. After exhausting these sources of funding, you should turn to private student loans to cover the financial gap. To search, compare, and apply for private student loans to cover the cost of your Simmons education, use our student loan comparison tool right on this page.
The Simmons financial aid office offers both subsidized and unsubsidized loans; the main difference between the two types is the payment of interest. Subsidized loans exempt students from paying interest as long as they are enrolled at least half time in a degree program. In the case of unsubsidized loans, students are required to pay interest from the moment funds are disbursed to the Simmons financial aid office for the student.
What are the eligibility criteria for Simmons College financial aid?
Students looking for financial assistance at Simmons are required to meet the eligibility criteria set by the Simmons College financial aid office. Submitting the Free Application for Federal Student Aid (FAFSA) is required, and students must demonstrate some degree of financial need in order to receive any favorable sort of financial aid, such as ‘free money’ awards like grants or scholarships. Applicants are also required to maintain satisfactory academic progress to continue receiving financial aid, and must reapply for aid each year.
Pay for Simmons College*
|Total Avg. Cost||$50,120|
|Room & Board||$14,460|
|Financial Aid Information|
|Students Receiving Fin Aid||98%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$6,817|
|%Receiving Other Loans||50%|
Get into Simmons College
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics