Student Loans for Tufts Students
About Tufts University
Tufts University is located in Medford/Somerville on the outskirts of Boston, Massachusetts. This private research university was founded in 1852 by the Christian Universalists after years of struggle to open a non sectarian institute for higher learning. The name of this university comes from its major donor, Charles Tufts. In 1954 this institute got the university status. Today, there are ten schools at Tufts which include two for the undergraduate programs and eight undergraduate divisions. These schools are spread over four purpose built campuses all across Massachusetts. The university has always been recognized for its active contributions to internationalism and the programs of studying abroad. The Fletcher School of Law and Diplomacy is one of the oldest graduate schools in the discipline of international relations in the United States.
University Financial Aid Packages
Studying at a top notch university like Tufts can put some heavy dents on your finances. It is always good to have some funds being awarded to you in the form of scholarships and grants. The Tufts financial aid provides funding to students with financial hardships.
There is a “Bursar’s Office” which is part of the Student Financial Services and is associated with the Student Services Center in Downing Hall. This state-of-the-art office is responsible for all the issuance of bills and billing information and they make sure there is utmost accuracy in all the details. Counseling is also provided to the students who are interested in applying for financial aid or are already enrolled in a package. Students are required to have a Satisfactory Academic Progress (SAP) in order to retain the financial aid in the next academic session.
Students at Tufts can apply for grants and scholarships; both of which have many applicants each academic year. This is because there needs to be no collateral on these types of financial aid and neither are they to be paid back. There are different department wide scholarships as well as the federal work-study plans to get employments within the campus. Most of the federal student loans are accepted at the Tufts Financial Aid department.
To apply for these loans you need to first submit the updated Free Application for Federal Student Aid (FAFSA) form along with the relevant bank statements and bills. Your financial condition and eligibility for aid is judged on the basis of the submitted FAFSA form. Now you can easily file the FAFSA form online at fafsa.ed.gov.
Private Loans and Tufts
While grants, scholarships and federal student loans can provide ample funds, there are times when all of these options are exhausted. If that is the case or if you’re simply looking for more funds to support your education, apply for the various private student loans. You can check your private loan options by using our Comparison Tool here.
Students who are currently receiving Tufts financial aid are required to apply each year. The financial aid at Tufts University falls under two categories: need-based and merit-based. In both of these cases, students are awarded according to their demonstrated need and academic accomplishments. In order to keep receiving these awards, students must satisfy the specific requirements. For example, need-based awards require students to submit their family’s federal tax forms.
What can you tell me about the student employment program at Tufts?
Tufts has a Student Employment Office that aims to help students find jobs on campus. They have designed a number of employment programs that are both part- time and full-time, all of which are geared towards making income a reliable source for working students.
Pay for Tufts University*
|Total Avg. Cost||$55,000|
|Room & Board||$11,268|
|Financial Aid Information|
|Students Receiving Fin Aid||47%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$5,621|
|%Receiving Other Loans||11%|
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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