Eligibility by Aid Type: Undergraduate Students
Grants
| Awards | Source | Eligibility | Comments |
|---|---|---|---|
| Tufts Grants | Tufts | Undergraduates (UG); Financial Need | Need-based grant awarded as part of aid package |
| Tufts National Merit | Tufts | National Merit Finalists | $500 per semester |
| Federal Pell Grants | Federal | UG; Exceptional financial need | Award amount determined by Federal Student Aid; Eligibility is limited |
| Federal Supplemental Educational Opportunity Grant (SEOG) | Federal | UG; Exceptional financial need; Primarily for Pell recipients | Awards from $200-$4,000/yr. |
| GI Bill Yellow Ribbon Program | Federal | Eligible U.S. Veterans | $5,000 Tufts grant matched by $5,000 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 | Award amount determined by MA Office of Student Financial Assistance |
| Other State Scholarships | Various States | UG; Financial need; Meet state deadlines | Residents of CT, PA, RI, VT may be eligible |
Loans
See also Borrow Undergraduate Loans
| Awards | Source | Eligibility | Comments |
|---|---|---|---|
| Federal Direct Stafford Loans - Subsidized | Federal | Financial need | Interest rate updated annually by Federal Student Aid; 10-yr repayment; 6-mos. grace period. Eligibility is limited. |
| Tufts Loans | Tufts | Financial need | $500-$2000/yr; 5% interest; 5-yr repayment |
Work
See also Student Employment
| Awards | Source | Eligibility | Comments |
|---|---|---|---|
| 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 $2,200-$3,100. Find jobs on the job database. |
For more detailed info on Federal aid, please review the Resources page of the Federal Student Aid website.
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.