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At Clark University, we realize that preferences and needs for additional resources for financing your education are as individual as each student.

We encourage you to consider ways to pay for educational costs that best fit their needs. Below are some suggestions you can review to determine what fits your personal financial situation.

Monthly Payment Plan

One way to limit or reduce debt is to consider the Interest-Free Monthly Payment Option that is offered to Clark students through Nelnet Campus Commerce. Using a combination of resources to limit debt while still keeping your monthly payments affordable is what most students do to afford their education. There is a deadline to enroll in the payment plan. You can reach Nelnet at 1-800-609-8056.

Loan Options

The maximum loan amount that can be borrowed each year is up to the total cost of attendance minus any financial aid. All borrowers have the option to select a private educational loan from any lender or agency they choose. To assist you, we have created an alternative loan chart which briefly describes the components of each loan program and is a summary of our annual review of alternative lenders. We review the interest rates, repayment options, borrower benefits and customer service of the lenders.

Students may borrow from a private lender in most cases they will need a credit-worthy cosigner to apply for the loan with them. Both the interest rates and the fees may vary from program to program, often based on the borrower’s credit history and interest rates are not always fixed.   We encourage our families to do their own research to find a product that best meets their needs.

  • We recommend you borrow for the cost of the academic year.
  • Loans should be secured no later than the date the bill is due to be paid to avoid late fees, interest charges and cancelled registrations.
  • The Federal Direct Graduate PLUS Loan application is available on our Forms and Resources webpage, with the review of applications to begin in June.
  • We will beginning certifying private loans late May

Additional loan options

The Federal Direct Graduate PLUS Loan is a federal loan that may be borrowed in addition to the Federal Direct Unsubsidized Stafford Loan.  The lender is the federal government.  The interest rate and origination fee is reset each July 1st for the upcoming academic year.  The Federal Direct Graduate PLUS Loan fact sheet, instructions and application can be found on our Forms and Resources webpage.  During the 2019-2020 academic year, 13 Federal Direct Graduate PLUS Loans were borrowed with an average loan of $9,748.

The MEFA Graduate Loan is offered through the Massachusetts Educational Financing Authority.  MEFA is a non-profit state agency that lends private educational loans to credit worthy graduate students.  For more information about the MEFA Graduate Loan, please visit their website or call 1.800.449.6332.

The Citizens Bank Student Loan offers competitive rates, flexible terms and interest rate discounts.

  • Applicants must be either a U.S. citizen or a permanent resident
  • Variable or Fixed interest rates
  • Repayment Options Vary

The Sallie Mae Graduate Loan offers multiple repayment options and an interest rate reduction when monthly payments are made via auto debit.  For more information on the Sallie Mae Graduate Loan, please visit their website or call 1.877.279.7172.

Contact Information

Office of Financial Assistance

Mailing Address
  • Clark University
    Office of Financial Assistance
    950 Main Street
    Worcester, MA 01610
  • 1-508-793-7478
  • 1-508-793-8802 FAX
  • finaid[at]clarku[dot]edu
  • Office Hours (for identity verification only, due to COVID-19 guidelines):
    10 a.m. – noon Mondays, Wednesdays, and Fridays
    Noon – 2 p.m. Tuesdays and Thursdays