Lori Meadows
Lesley University offers financial aid to its students in the form of scholarships, grants, work-study, and loans. The university also has agreements with grant agencies in Massachusetts, Pennsylvania, and Vermont, allowing funds from these states to be disbursed to full-time undergraduate students. Additionally, the university provides a Tuition Insurance Protection Plan to help students and their families mitigate financial losses due to medical withdrawals. International students are also supported with tuition insurance and financial aid options. However, they are not eligible for federal or state funding and therefore do not file the Free Application for Federal and Student Aid (FAFSA).
| Characteristics | Values |
|---|---|
| Financial aid for out-of-state students | Federal and state financial aid, scholarships, loans, and tuition discounts are available for undergraduate students |
| Scholarships | Some students receive enough scholarship money to cover their tuition and living expenses |
| Work-study | Schools offer work-study programs to those who qualify |
| Private scholarships | Private scholarships are added to existing financial aid and do not result in a reduction of the total aid |
| Tuition Insurance Protection Plan | Available to students and their families to overcome financial losses that may result from events forcing students to withdraw from the semester due to a covered medical reason |
| International students | Not eligible for federal or state funding, but can apply for scholarships, private loans, and student jobs |
| Veterans | Lesley University participates in the Yellow Ribbon Program, making it possible for veterans and their dependents to earn a degree |
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What You'll Learn
Scholarships and grants
Lesley University offers a range of scholarships and grants to help students finance their education. These include merit-based scholarships, need-based scholarships, and grants, as well as private scholarships and loans.
Merit-based scholarships
Merit-based scholarships are awarded to students based on academic or athletic achievement, community service involvement, unique hobbies or traits, personal background, or a parent’s employer or military affiliation. At Lesley, there are several merit scholarships for graduate students, which are awarded based on the strength of the student's application.
Need-based scholarships and grants
Need-based scholarships and grants take into account a student’s financial status. For instance, the Teacher Education Assistance for College and Higher Education (TEACH) Grant is federal funding that supports students who plan to become teachers in a low-income school, teaching a high-need subject area.
Lesley University also has agreements with grant agencies in Massachusetts, Pennsylvania, and Vermont, allowing funds from these states to be disbursed to full-time undergraduate students. For students living outside of Massachusetts, there may be need-based grants and scholarships available from their state of residence.
Private scholarships and loans
Private scholarships are another option to help finance an education at Lesley University. These are typically awarded based on economic need and can be used to complete a 2-year certificate program. Private scholarships can be added to existing financial aid and do not usually result in a reduction of the total aid.
There are also several private loan products available to students and parents, although it is recommended to research scholarships, grants, and work programs before borrowing from a private lender.
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Work-study programs
Lesley University offers work-study programs to its students. These programs allow students to earn money through on-campus or off-campus jobs. The money earned can be used for anything from personal expenses to tuition fees. The university's Career Resource Center can help students find work both on and off-campus.
There are two types of work-study programs offered by the university: Federal Work-Study and Lesley Works. The former is a need-based self-help aid program, while the latter is a part-time student employment program. Students who are not eligible for Federal Work-Study funds can apply for part-time jobs on campus through Lesley Works. International students may be eligible for Lesley Works jobs. The university sets the hourly rate for these jobs, and students can work up to 20 hours per week.
Students can search for and apply to jobs through the Center's job listing platform, Handshake. Boston-area organizations and families looking for childcare or help in their homes post positions on Handshake for students and alumni. Students can also apply directly to the organization or family that interests them.
For off-campus employers looking to hire students who have received Work-Study in their financial aid, they must complete three steps. First, they must complete an Off-Campus Contract and fill out a Job Description Form for each position. Second, they must submit an IRS letter showing their agency's nonprofit status. Finally, after their application is accepted, the Financial Aid Office will post the job on the Lesley University Student Employment Portal, where students can view and apply for the position.
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Private loans
Lesley University offers financial aid to undergraduate and graduate students, with 95% of first-time undergraduates receiving financial aid. The university provides a step-by-step guide to help students apply for government and university funding, scholarships, grants, work-study, and loans.
Although the university does not recommend any particular loan product, it does provide a Private Loan List, which includes lenders that offer private educational loans for the current academic year. Students can also research their state's lending agency, local bank, or credit union for private loans. It is important to note that lenders use FICO scores to determine credit risk and the interest rate for the loan.
For international students, there are financial aid options available, although they are not eligible for federal or state funding and do not need to file the Free Application for Federal and Student Aid (FAFSA). Instead, they can explore scholarships, private loans, and student jobs.
In addition to private loans, Lesley University offers various other financial aid options, including scholarships, grants, work-study programs, and federal loans. The university also provides a flexible, interest-free payment plan to help students manage their tuition fees.
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Tuition Insurance Protection Plan
Lesley University offers a Tuition Insurance Protection Plan to help students and their families deal with financial losses that may occur if a student is forced to withdraw from the semester due to a covered medical reason. This plan is provided in partnership with GradGuard, a service of Next Generation Insurance Group, LLC, and underwritten by Jefferson Insurance Company. The plan strengthens and broadens the scope of the university's existing refund policy, ensuring reimbursement for tuition, housing, and other payments if a student withdraws for a covered medical reason during the semester.
The Tuition Insurance Protection Plan is available to both undergraduate and graduate students, including international students, as long as they use their US or college residence address when enrolling. Lesley University is not compensated for this program and offers it as a valuable student benefit. The deadline to enrol in the Tuition Insurance Protection Plan is the day before classes begin each semester.
The university also provides various other financial aid options for students, including scholarships, grants, Work-Study programs, and loans. These options are available to both undergraduate and international students. Lesley University has agreements with grant agencies in Massachusetts, Pennsylvania, and Vermont, allowing funds from these states to be disbursed to full-time undergraduate students.
Additionally, the university offers guidance on finding campus jobs and work-study positions to help students earn money while studying. The website provides resources and suggestions for students seeking employment, such as checking online job boards, speaking with professors and career counsellors, and exploring opportunities related to their major and interests.
Overall, Lesley University is committed to helping students access financial resources and protection plans to support their educational journey. The Tuition Insurance Protection Plan is one of the ways the university demonstrates its dedication to ensuring a positive and secure experience for its students and their families.
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State-funded loans
Lesley University offers a range of financial aid options for its students, including federal and state-funded loans, scholarships, grants, and work-study programs.
Undergraduate students who are residents of Massachusetts and are enrolled in a post-secondary institution within the state are eligible for zero-interest state-funded loans. Repayment of these loans begins six months after graduation, leaving school, or falling below half-time enrolment (6 credits/semester). To apply for this loan, students must fill out the Free Application for Federal Student Aid (FAFSA) and will be informed of their eligibility in their financial aid award letter.
Students can also research their state's lending agency, local bank, or credit union for additional loan options. It is important to notify Lesley University's Financial Aid Office of any loan product not listed on their Private Loan List so that they can certify the loan of choice.
Other Financial Aid Options
In addition to state-funded loans, Lesley University provides various other financial aid opportunities:
- Scholarships: Need-based scholarships consider a student's financial status, while merit-based scholarships are awarded for academic, athletic, or specific talents and achievements.
- Grants: Students can explore grant opportunities through agencies in Massachusetts, Pennsylvania, and Vermont, which have agreements with Lesley University.
- Work-Study Programs: Federal Work-Study jobs provide funds for the hours worked, helping to lessen the burden of student loans.
- Federal Loans: Federal Direct Loans are available for students who meet the requirements and complete the necessary steps, including signing a Master Promissory Note (MPN).
- Private Loans: Students can borrow from private lenders if necessary, but it is recommended to explore scholarships, grants, work programs, and federal loans first.
Lesley University also provides a Net Price Calculator to help students estimate their total annual cost and potential financial aid package, including scholarships, loans, and other funding sources.
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Frequently asked questions
Out-of-state students can apply for scholarships, grants, work-study, and loans. Lesley University has agreements with grant agencies in Massachusetts, Pennsylvania, and Vermont, so funds from those states can be disbursed to full-time undergraduate students.
International students are not eligible for federal or state funding and therefore do not file the Free Application for Federal and Student Aid (FAFSA). However, they can apply for scholarships, private loans, and student jobs. Tuition insurance is also available to international students as long as they use their US or college residence address when enrolling in the program.
Students are encouraged to apply for financial aid at the same time as they apply for admission. The last possible day to apply for each academic year is June 30, or the final week of classes, whichever comes first. The first step is to submit the Free Application for Federal Student Aid (FAFSA). Additional documents may be requested.
Yes, Lesley University participates in the Yellow Ribbon Program, which helps veterans and their dependents earn a degree. The university also offers a Tuition Insurance Protection Plan to help students and their families overcome financial losses that may result from medical withdrawals.
