Need-Based Financial Aid

Need-based aid includes grants, gifts that you and your family do not need to repay; federal work-study, an opportunity for you to earn money; and loans, which you and your family will need to repay.

To be considered for need-based aid, you must complete a financial aid application.

Grants

Clark University grant

Federal pell grant

Federal Supplemental Educational Opportunity Grant (SEOG)

  • $2,500 maximum
  • Available if you have demonstrated exceptional financial need
  • Your need is determined by your FAFSA.
  • Priority is given to Federal Pell Grant-eligible students.

State grants (Non-Massachusetts)

  • Only some states participate in state grant programs. Grants vary, depending on the state.
  • You must be a legal resident of your home state.
  • You must be a full-time student pursuing your first bachelor's degree.
  • Your eligibility and need are usually determined by your FAFSA.
  • Important to note: You may need to file a FAFSA before Clark's deadline.
  • You will be notified of your eligibility by your state.

Massachusetts gilbert grant

  • $2,500 maximum
  • Your need is determined by your FAFSA.
  • You must be an eligible, full-time undergraduate student.
  • You must be a permanent resident of Massachusetts.
  • Funding is allocated by the Commonwealth of Massachusetts to Clark University for distribution.

Student Employment / Federal Work-Study (FWS)

  • 2,000 maximum award
  • Eligibility for FWS award determined by need level per FAFSA
  • A work-study award is not a guarantee of employment or the amount you will earn. Your award offer is the limit of your potential earnings
  • All students are able to work on campus regardless of FWS award. Students are notified in the summer when they can begin to apply for part-time employment
  • Funds earned at jobs are not deducted from the bill; they can be used for personal expenses like books, supplies or saved for future billed charges.
  • Earnings are taxable and are reported on the tax return you file
  • Please visit our Frequently Asked Questions page for more information

Loans

Federal direct Stafford Loan

By completing a FAFSA, you will be automatically considered for a Stafford Loan. Your FAFSA determines your Expected Family Contribution (EFC). If you are a new student, Clark will send your award letter by mid-March. Using your EFC, Clark University will recommend both your Stafford loan amount and type.

Your Stafford Loan amount (determined by your FAFSA):

  • First-year students: up to $3,500
  • Sophomores: up to $4,500
  • Juniors and seniors: up to $5,500

The type of Stafford Loan you will receive (subsidized or unsubsidized):

Subsidized:

  • Interest is subsidized by the federal government, meaning it is paid for you while you are in school.
  • You will assume repayment of your loan six months after you cease to be enrolled at least half-time.

Unsubsidized:

  • The federal government does not pay interest on the unsubsidized portion of the loan while you are in school.
  • You will be responsible for interest payments.
  • You can choose either to (1) make the interest payments while you are in school or (2) allow the interest to accrue and be capitalized prior to repayment.
  • Principal repayment does not begin until six months after you leave school or drop to less than half-time enrollment.

You should not borrow more than you need or will be able to repay. If you are a first-time borrower of the federal Direct Loan Program, the federal government requires you to complete entrance counseling and a Master Promissory Note.

You will be notified over the summer regarding these requirements.

Massachusetts no-interest student loan

  • Offered by the Commonwealth of Massachusetts through Clark University.
  • Undergraduate students who are residents of Massachusetts are eligible.
  • Due to limited funding, this loan generally is awarded to upperclass students with high financial need.
  • Your need is determined by your FAFSA and state funding. You must meet all eligibility criteria established by the Commonwealth.
  • Your loan amount depends on your need and Clark University's allocation from the state.
  • No interest accrues.
  • Repayment begins six months after you graduate or drop below half-time enrollment.