Financing Your Graduate Education

¹ MPH Students may be eligible for up to $33,000 in Federal Direct Unsubsidized Loan annually.

² Students must complete FAFSA, submit all required documents to the Office of Financial Aid and be:  U.S. citizens or eligible non-citizens, enrolled in degree-seeking program at least half-time, meeting standards of satisfactory academic progress, in compliance with Selective Service requirements (if male), and have no prior drug convictions during a period of enrollment for which the student was receiving Title IV aid.  In addition, borrowers must complete an online entrance interview AND complete a Master Promissory Note for each program prior to receiving funds from Federal Direct Sub/Unsub and/or GradPLUS. Net fees for the 2018-19 year are updated as of 10/01/2018.

Public Health and Professional Degree Scholarships

The Public Health Programs and Professional Degree Programs at Tufts University School of Medicine have a limited number of need-based scholarships for full-time students who are U.S. Citizens/permanent residents. Due to limited resources, financial assistance is not available for international students. In addition to scholarships, there are also teaching and research assistantships available.

In an effort to attract diverse and academically talented students, the MPH, MS in Health Communication, MS in Pain, Research, Education and Policy, and MS in Biomedical Sciences programs offer a combination of merit/need scholarships based on the strength of a candidate's application and financial need. There is no additional application process for these scholarships; based on the strength of their application all admitted students are automatically considered for scholarship aid. The Admissions Committee makes referrals to the Scholarship Committee for consideration.

Because financial need is taken into consideration, it's important that applicants complete the financial aid process as soon as possible. Students will be required to submit a Tufts Institutional Financial Aid Application, 2018-2019 FAFSA, and any supplemental documents required by the Office of Financial Aid if they wish to be considered. Please ensure that your application is submitted to the Office of Financial Aid by their noted deadline. The priority deadline for 2018-19 is February 23rd, 2018.

Scholarships are awarded for the academic year (fall/spring semesters only) during the start of the fall semester to eligible, incoming full-time students only. Scholarships are not awarded during the spring admissions cycle.

Nutrition Scholarships

For information on Scholarships, Stipends and Assistantships, visit the Friedman School Funding Options website.

The Office of Financial Aid awards institutional and federal student loans in accordance with eligibility requirements and availability of funding.

Students are responsible for completing all required paperwork with lenders to ensure the disbursement of loan proceeds to their student accounts.

Tufts University participates in the William D. Ford Direct Lending program. Students may complete the Direct Loan Master Promissory Note. Federal student loan borrowers must also ensure that they complete mandatory loan entrance interview counseling prior to their loan disbursements. Students may satisfy this requirement by going to Counseling Sessions and completing this session on-line at their convenience. From the main page, students should choose the Entrance Counseling option and from there select the Graduate Student option.

Students who are graduating, taking a Leave of Absence, withdrawing, or who will drop to less-than half-time enrollment must also complete Federal Student Loan Exit Counseling. Choose Exit Counseling from the top menu and proceed following the instructions provided. Results will be sent to Tufts School of Medicine automatically.

Annual and Aggregate Loan Limits

Masters, Nutrition, and PhD Degree Students

Master of Public Health (MPH) Students

Loan Types and Terms

Federal Direct Unsubsidized Loans

• Interest
  • For loans disbursed after July 1, 2018:
    • 6.6% fixed rate
    • Interest rates will be established each year for Direct Unsubsidized loans for disbursements that will occur between July 1 through June 30. Under the law, the index rate is determined each year as the "high yield of the 10-year Treasury note" plus a statutorily defined "add-on". The interest rate for a loan, once established, will apply for the life of the loan – that is, the loan will be a fixed-rate loan. As a result, it is likely that students will have a set of fixed-rate loans, each with a interest rate based on the year the loan was borrowed.
  • Interest accrues on Direct Unsubsidized loans immediately upon disbursement.
  • The Department of Education is no longer issuing Direct Subsidized Loans for graduate/professional level students with award years that began after July 1, 2012.
• Fees
  • Direct Unsubsidized loans have a 1.062% origination fee so, for example, if you borrowed $10,000 your disbursement would be $10,000 - ($10,000 x .01062) or $9,893. You would still be responsible to repay $10,000 plus the interest associated with the $10,000 you borrowed.
• Disbursements
  • Disbursements must be made in 2 equal payments over the length of the academic year. Borrowers should expect to receive one-half of loan proceeds at the start of the fall term and the second half at the start of the spring term.
• Repayment
  • Begins after a 6-month grace period from when you cease at least half-time enrollment.
  • Standard repayment length is 10 years from date first payment is due; can be extended for some borrowers to 25 years. The Department of Education lists the various repayment plans on its website.
• Eligibility
  • The financial aid office determines eligibility for the Direct Unsubsidized loan based on the FAFSA and the annual Cost of Attendance of the academic program. There are annual and aggregate limits for Direct Unsubsidized loans.

Federal Direct Graduate PLUS Loans

• Interest:
  • Loans disbursed after July 1, 2018:
  • Fixed interest rate of 7.6%
  • Interest rates will be established each year for Direct Graduate PLUS loans for disbursements that will occur between July 1 through June 30. Under the law, the index rate is determined each year as the "high yield of the 10-year Treasury note" plus a statutorily defined "add-on". The interest rate for a loan, once established, will apply for the life of the loan – that is, the loan will be a fixed-rate loan. As a result, it is likely that students will have a set of fixed-rate loans, each with a different interest rate based on the year the loan was borrowed.
• Fees
  • Direct Graduate PLUS loans have a 4.248% origination fee subtracted from the disbursement of loan proceeds. So, for example, if you borrowed $10,000 your disbursement would be $10,000 - ($10,000 x .04248) or $9,575. You would still be responsible to repay $10,000 plus the interest associated with the $10,000 you borrowed.
• Eligibility
  • There is a credit check associated with the Direct Graduate PLUS Loan. To qualify, borrowers must not have an adverse credit history which for the Direct Graduate PLUS loan is defined as: 90 or more days delinquent on any debt or if, within 5 years of the date of the credit report, you have been the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write-off of a Federal Student Aid debt (for example, a Direct Loan or Federal Stafford Loan). The annual Direct Graduate PLUS limit is the difference between the student's annual cost of attendance less all other annual financial assistance. There is no aggregate Direct Graduate PLUS limit.
• Disbursements
  • Disbursements must be made in 2 equal payments over the length of the academic year. Borrowers should expect to receive one-half of loan proceeds at the start of the fall term and the second half at the start of the spring term.
• Repayment
  • Begins after a 6-month grace period from when you cease at least half-time enrollment.
  • Standard repayment length is 10 years from date first payment is due; can be extended for some borrowers to 25 years. The Department of Education lists the various repayment plans on its website.

Alternative/Private Loans

Alternative/Private loan lenders use different types of financing components to determine what your interest rate will be. They may lack the deferment and forbearance options for residency that many federal loan programs offer. These loans may charge fees. Most Alternative/Private Loans have no interest rate cap, so these loans may tend to be more expensive than the Graduate PLUS loans in the long term. Alternative/private loans are not eligible to be considered part of the borrower's total educational debt in calculating eligibility for the Economic Hardship Deferment.

To make an informed decision, it is helpful to know historical trends of those rates, so we have included the links to Forecasts and Bankrates below.

• Bankrate.com: for Prime and LIBOR interest rate indexes
• Financial Forecast Center: for forecasts of future interest rates

Visit the Tufts School of Medicine Public Health website for information on assistantships & student employment.

Steps listed indicate things you must do. Steps listed in italics describe the events that will take place once you have completed each step.

1. Submit your completed financial aid application to the Office of Financial Aid by the stated deadline or priority consideration date
   The Office of Financial Aid staff will review your eligibility and send you a Financial Aid Notice (FAN) detailing the types of aid you are eligible to receive
2. Sign and return one copy of the FAN to the Office of Financial Aid within 2-3 weeks of receipt of the FAN
3. Complete Master Promissory Notes for all loans you wish to accept
   • Direct Loan Master Promissory Note (MPN)
     Upon receipt of your FAN and your completion of the MPN the Office of Financial Aid will certify your loan eligibility
   • Graduate PLUS Loan Master Promissory Note (MPN)
     Upon receipt of your FAN and your completion of the MPN the Office of Financial Aid will certify your loan eligibility
4. Complete the mandatory Direct and Graduate PLUS Entrance Interview at the same time you complete the MPN(s)
   • Your lender will disburse your semester's loan proceeds to the university on the first day of the semester based on your program's academic calendar
   • The Office of the Health Sciences Bursar will issue refund checks if your loans exceed your billed charges

2018-2019 Application Materials

• Free Application for Federal Student Aid (FAFSA)
• 2018-2019 Graduate Financial Aid Application
• 2018-2019 Graduate Aid Checklist
• Request form for Direct loan changes (current students)

Masters and PhD students

• Nutrition Programs
• Public Health and Professional Degree Programs
• Master of Public Health and MPH dual degree programs
• MS in Health Communication
• MS in Pain Research, Education & Policy
• MS in Biomedical Sciences
• Sackler School of Graduate Biomedical Sciences students *

*In general, PhD students with tuition and stipend support do not qualify for financial assistance. However, some students with extenuating circumstances may qualify for federal student loans. PhD students who believe they have extenuating circumstances should contact the Office of Financial Aid to discuss them.

All applicants

Financial aid is awarded on an academic year basis. Our priority application date for 2018-2019 is February 23rd, 2018.

Students will not be eliminated from consideration for any types of funding by applying after the priority consideration date. However, the Office of Financial Aid processes applications on a first-come, first-served basis; therefore, late applicants may experience a delay in the notification of their eligibility. Students would still be expected to meet all registration and bill payment deadlines even if they have not received financial aid award notices by those dates. Consequently, they may also cause a delay with disbursements and/or refund checks being issued.

Please be aware that loan eligibility may not be certified after the last day of classes. Students who are applying for financial aid late into the semester (within one month of the last day of classes) should contact the Office of Financial Aid to confirm that adequate time is available to process the request.

New applicants

Please do not wait until you are admitted to apply for financial assistance. Having a complete financial aid application on file when you are admitted ensures that we will be able to review your application quickly and notify you of your eligibility shortly after your admission.

Continuing applicants

The Office of Financial Aid will be in touch with you each December to notify you when application materials for the next academic year are available for download from the web.

How do I apply for aid?

Complete the applications and submit the supplemental documents listed in the application instructions.

Who may apply?

Students whose cost of attendance exceeds their family/other financial resources are encouraged to apply for financial aid. However, applicants who meet the following requirements may be eligible to receive federal financial aid if they are: 1) accepted or enrolled at Tufts University School of Medicine on at least a half-time basis, 2) meeting standards of academic standard progress, 3) a citizen of the United States or an eligible non-citizen, 4) NOT in default with prior student loans, 5) compliant with requirements of Selective Service Registration (male students) and 6) have no prior drug convictions during a period of enrollment for which the student was receiving Title IV aid.

Renewal of eligibility

Students are required to apply for financial aid each academic year and eligibility is determined for all financial aid programs available. Components of a student's aid package may vary from year to year due to changes in financial circumstances, late applications, changes in program regulations, and/or funds available.

International Students

No federal or institutional funds are available to international students. However, private loans may be secured with an eligible co-signer. The Office of Financial Aid would be happy to assist international students with questions pertaining to private loans.