Eligibility by Aid Type

Awards
Source
Eligibility
Comments
Grants
Tufts Grants Tufts Undergraduates (UG); Financial Need Over 37 percent of last year’s entering class received more than $17.3 million in Tufts Grant aid.
Tufts National Merit Tufts National Merit Finalists Non-need based awards up to $500; Need based awards up to $2,000
Federal Pell Grants Federal UG; Exceptional financial need Awards from $400-$5,750/year; Eligibility is limited
Federal Supplemental Educational Opportunity Grant (SEOG) Federal UG; Exceptional financial need; Primarily for Pell recipients Awards from $200-$4000/yr.
GI Bill Yellow Ribbon Program Federal Eligible U.S. Veterans $5000 Tufts grant matched by $5000 from the federal Yellow Ribbon Program
ROTC - Army, Air Force, Navy Federal UG; Chosen by Army, Air Force, or Navy Cross register at MIT; Four-year tuition scholarships available as well as partial scholarships
Mass Grants & Gilbert Grants Comm. of Mass UG; Massachusetts residents; Financial need; Meet state deadlines UG only; Awards from $400- $17,00/yr.

Gilbert average is $1,313

Other State Scholarships Various States UG; Financial need; Meet state deadlines

Residents of CT, PA, RI, VT may be eligible

Loans: See also Student Loans
Federal Direct Stafford Loans - Subsidized Federal Financial need Interest rate for 2015-2016 is 4.29%; 10-yr repayment; 6-mos. grace period. Eligibility is limited.
Federal Perkins Loans Federal, Tufts Exceptional financial need 5% interest; 10-yr repayment; 9-mos. grace period.
Tufts Loans Tufts Financial need $500-$2000/yr; 7% interest; 5-yr repayment
Work: See also Student Employment
Work Study: Federal and Tufts Work Study Federal, Tufts Financial need for Federal Work Study only Students paid weekly. Student Employment Office helps students find positions. Wages subsidized by program. Awards typically range from $1,800-$2,200. Find jobs on the job database.
      For more detailed info on Federal aid, please review the government publication called The Student Guide. 

 

 

Taxability of Financial Aid: Scholarship aid in excess of tuition and required fees is subject to federal income tax. Student loans are not taxable. Federal work study earnings are taxable. Students should consult with their tax adviser for further clarification on whether their aid is subject to federal or state income taxes. For more information on Educational Tax Credits, please view the IRS publication on this subject or visit the IRS website