Financial Aid

• Cambridge College Title IV School Code: 021829 
• Meet the Staff 
• Financial Aid Office Policy 
• Financial Aid Application Requirements 
• Tuition Cost 
• Undergraduate 
• Graduate 
• Types of Available Financial Aid Opportunities 
• Federal Family Education Loan Programs (FFELP) 
• Other Financial Aid Opportunities 
• Verification Policy and Procedure 
• Rights and Responsibilities 
• Financial Aid Office Fact Sheet 
• Tax Relief Act of 1997 
• Exit Interview 

Cambridge College Title IV School Code: 021829

Cambridge College has developed and participates in a variety of programs that provide substantial financial assistance to students. The Financial Aid Office offers workshops and individual counseling sessions to guide students through the financial aid process. During these sessions, various loan programs and financial assistance options are discussed in detail. Please feel free to contact the Financial Aid Office to schedule a one-on-one counseling session.

These web pages describe financial aid opportunities at Cambridge College, as well as sources of funding for which students may be eligible. In order to insure that financial aid requests are not delayed, students should submit all pertinent information in advance of the deadlines.

The Financial Aid programs at Cambridge College assist students in having access to a quality education. Financial aid is available for students who have limited financial resources.

Students are encouraged to come into the Financial Aid Office or contact a counselor to schedule an individual appointment. The financial aid office is open from 9 a.m. to 7 p.m., Monday through Thursday and 9 a.m. to 5 p.m. on Friday.

Cambridge College is open to all students regardless of age, color, gender, sexual orientation, race, marital status, national origin, religion, or disability, as are all benefits and services provided by the College to its students.

We welcome your questions, please contact:

Gerri Major, Ph.D., Financial Aid Director
Cambridge College
100 Massachusetts Avenue
Cambridge, MA 02138-5304
1-(800) 877-4723 or (617) 868-1000,
Extensions 137,148,149 and 151.

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Meet The Staff

Name

Position

E-Mail

Ext.

Gerri Major,Ph.D.

Director of Financial Aid

gmajor@cambridgecollege.edu

137

Jean Liu

Associate Director of Financial Aid

eanliu@cambridgecollege.edu

149

Saul Schlapik

Financial Aid Coordinator

schlapik@cambridgecollege.edu

192

Tina Johnson

Staff Assistant to the Director

tjohnson@cambridgecollege.edu

148

Deborah Spearman

Student Loan Administrator

dspearman@cambridgecollege.edu

193

Donna Dorfman

Financial Aid Advisor

ddorfman@cambridgecollege.edu

151

Amy Mardock

Financial Aid Assistant

amardock@cambridgecollege.edu

440

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Financial Aid Office Policy

Cambridge College's Financial Aid Office provides financial assistance through the Federal Student Loan Programs (within federal guidelines) for direct costs to all eligible students. Direct costs include tuition, books, supplies, and transportation. We assist students to gain access to a quality education.

We are committed to you, to ensure that you understand your rights and responsibilities as a student loan borrower and to assist you in appropriate financial planning and debt management.

Federal aid programs available at Cambridge College include: The Subsidized Stafford Loan, the Un-subsidized Stafford Loan, The Perkins Loan Program, the Federal Pell Grant, the Federal Supplemental Education Opportunity Grant, and College Work Study. The P.E.P. and other help loans are also available.

Institutional scholarships are available and, like federal loans, are based on documented need. Scholarships at Cambridge College are credited to a student's account during the final semester of the master's degree program.

With the escalating cost of living expenses and education, borrowing through the student loan program has become a necessity. Since these are loan amounts that must be paid after you leave Cambridge College, you should have a realistic picture of what your maximum level of indebtedness will be upon graduation.

You are invited to visit our office or call (617) 868-1000, Ext. 137, 148,149,151 or 192 for an individual appointment. Office hours are 9:00 a.m. until 6:30 p.m. Monday through Thursday, Friday 9:00 a.m. to 5:00 p.m. and Saturdays by appointment only or click here to ask a question or request a Financial Aid package.

The Financial Aid office is located on the first floor of our building located at 1000 Massachusetts Avenue, Cambridge, MA USA 02138.

Best wishes for a successful school year.

Gerri Major, Ph.D.

Director of Financial Aid

Jean Liu

Associate Director of Financial Aid

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Financial Aid Applicaiton Requirements

• Not owe a balance on a defaulted loan.
• Be a citizen or eligible non-citizen of the United States with a valid Social Security Number
• Have a high school diploma or a General Education Development (GED) certificate or pass an approved "ability to benefit" test.
• Enroll in a degree or eligible certificate program
• Register (or have registered) for Selective Service, if you are a male between the ages of 18-25
• Re-apply each year before June 30.
• Undergraduate students applying for state grants must have all paperwork filed by April 15.

If your financial aid file is incomplete after the add-drop deadline, you may be charged a $50 late fee. The charge will be reflected on your student account statement.

Please feel free to contact the Financial Aid Office at 1-800-877-4723 Ext. 137, 148,149,151 if you have any questions or click here to request a Financial Aid package.

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Tuition Cost

Undergraduate Programs

At Cambridge College, 6 credits is considered half-time in the undergraduate program, 9 credits is considered 3/4 time and 12 credits is considered full-time. You must be enrolled at least half-time to qualify for federal and/or state aid.

The maximum amount that an undergraduate student may qualify for, under the Stafford Loan program, is based on his or her year in school.

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Graduate Programs

Tuition cost per credit is:

Fees

• $100 Tuition deposit (required).
• $500 graduate Internship Fee can be covered by Financial Aid for students enrolled in program requiring an internship
• Degree Confirmation Fee - $110
• Library Fee
• Late Independent Learning Project Fee $400

At Cambridge College, 8 credits is considered full time in the graduate program. You must be enrolled at least half time (4 credits) to qualify for Federal Stafford loans.

The maximum amount that a graduate student may qualify for under the subsidized Stafford loan program is $8,500 per academic year; $10,000 under the Unsubsidized Stafford loan program.

Student loans at Cambridge College are awarded to eligible students for direct costs. These costs are as follows: tuition, fees, books, supplies and transportation.

$100 Tuition Deposit (required), and $500 Internship Fee are covered by Financial Aid.

Pell grants, Supplementary Educational Opportunity Grant (SEOG), and State grants are not available to graduate students.

If you have additional questions, do not hesitate to contact the Financial Aid Office at (617) 868-1000, Extensions 137, 148,149,151or click here request a Financial Aid package.

Student loans at Cambridge College are awarded to eligible students for direct costs. These costs include tuition, fees, books, supplies, and transportation. There is a $110 degree confirmation charge. The Department of Education will consider undergraduate students for Pell grants, and the Supplemental Education Opportunity Grant (SEOG). The Commonwealth of Massachusetts Scholarship Office will consider undergraduate students for State grants, Gilbert grants, and Performance Bonus.

If you have additional questions, do not hesitate to contact the Financial Aid Office at (617) 868-1000, Extensions 137, 148,149,151 or click here to request a Financial Aid package.

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Types of Available Financial Aid Opportunities

Federal Family Education Loan Programs (FFELP)

• Subsidized and Unsubsidized Federal Stafford Loans
• Federal Perkins Loans
• College Federal Work Study

Other Financial Aid Opportunities

• Cambridge College Scholarships
• Alternative Loan Programs
• Employer Reimbursement
• Veterans' Benefits
• Other Sources of Financial Aid
• Computer Loans

We urge students to become familiar with each of the programs described here. In order to ensure that financial aid requests are not delayed, we recommend that you supply all pertinent information in advance of the deadlines.

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Verification Policy and Procedure

Cambridge College students are expected to provide required documentation at the time of application for financial aid.

This policy is in compliance with federal regulations and the documentation should be submitted within one to two weeks of the request.

We recognize that sometimes it is necessary to contact outside sources for information needed, which could result in additional delays. If you can provide evidence of having made all efforts to obtain the necessary documentation, a longer period of time may be permitted; however, you must meet all other Cambridge College deadlines dates.

It should be noted that Cambridge College will verify information and documentation as required by federal regulations and that student aid is not awarded until appropriate documentation has been received.

It is our policy to give you, during the financial aid entrance interview, a clear understanding of the forms and documentation needed to complete your financial aid file.

If the submitted data fails to meet requirements, the Financial Aid Office will request additional information. After verification procedures are complete, if you are eligible for financial aid and upon your acceptance into the program, you will receive information regarding your eligibility status.

The institution is required by federal regulations to make referrals to the Department of Education and Department of Justice if it suspects that aid was requested under false pretenses. This institution takes very seriously the proper stewardship of federal funds and will cooperate with government agencies in the full prosecution of students who are found to have provided falsified information.

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Rights and Responsibilities

You have the right to:

• Know the deadlines for the financial aid programs at Cambridge College
• Receive an explanation of the types of financial aid available.
• Know how your need was determined.
• Know the satisfactory academic progress policy at Cambridge College
• Contact the Bursar's Office Ande DeLibero x326 regarding your account and the refund policy

You are responsible for:

• Submitting all required documents to the Financial Aid Office on a timely basis
• Ensuring that the College and your lender have your current address and telephone number
• Informing the registrar Cecelia Cull x120 of your plans to withdraw or take a leave of absence from school.
• Applying for Financial Aid each year if needed. Financial Aid at Cambridge College is a student-initiated process.
• Complete the exit interview process.
  

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Financial Aid Office Fact Sheet

• Cambridge College offers scholarships and/or student loans to eligible applicants.
• Participation in federal loan programs is a student-initiated process.
• Undergraduates may be eligible for a Pell Grant.
• Graduate students are not eligible for Pell Grants or Massachusetts state scholarships.
• Enrolled or prospective students with unpaid defaulted loans are not eligible for federal student loans.
• Prospective students interested in applying for financial aid must have an application for admission on file.
• A $100 tuition deposit is due prior to registering for classes.
• STUDENT LOANS AT CAMBRIDGE COLLEGE ARE AWARDED TO ELIGIBLE STUDENTS FOR DIRECT COSTS. THESE COSTS INCLUDE TUITION, FEES, BOOKS, PURCHASE OR RENTAL OF A PERSONAL COMPUTER FOR ACADEMIC PURPOSES, AND SUPPLIES.
• Cambridge College participates in the federal family education loan programs; Subsidized and Unsubsudized Stafford loans.
• For undergraduates, the maximum Subsidized Stafford Loan limit is $2625 for the first year, $3500 for the second year, $5500 for the 3rd year. The unsubsidized loan limit for first year $4,000, second year $5,000 for third year.
• For graduate students, the maximum Subsidized Stafford Loan limit is $8500 per academic year. The maximum Unsubsidized Stafford Student Loan limit is $10,000 per academic year.
• Un-subsidized Stafford Loans are also available for graduate and undergraduate students who do not qualify for the Subsidized Stafford Loan. The student may be responsible for the interest while enrolled in school.
• International students are not eligible for federal student loans.
• Graduate students must carry 4 or more credits per semester to be eligible for federal financial aid.
• Undergraduate students must carry 6 or more credits per semester to maintain federal loan eligibility.
• To maintain financial aid eligibility, students must demonstrate satisfactory academic progress by completing their course work within the time frame published by the College, not to exceed 150% of the length of the program.

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The Tax Relief Act of 1997

The Tax Relief Act of 1997 provides tax benefits to qualified taxpayers. Students may be eligible to claim Hope Scholarship Lifetime Learning Tax Credit or deduct the interest that has been paid on a student loan. Students can get more information at the website http://www.irs.ustreas.gov.

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Exit Interview

All borrowers of Federal student loans must participate in a federally mandated exit interview with the Financial Aid Office prior to graduating or dropping to less than half-time enrollment status. Exit interviews are conducted to help prepare students for repayment of their student loans. Participating in an exit interview provides an opportunity to discuss your student loan obligations and to raise questions about repayment. Failure to attend an exit interview will result in the retention of your degree, diploma and access to official transcripts. If you have questions about this interview, contact the Financial Aid Office.

Graduating students can go to the collegexit.com website to complete their exit interview form.

To schedule a counseling session, please contact:

Gerri Major, Ph.D., Financial Aid Director
Cambridge College
1000 Massachusetts Avenue
Cambridge, MA 02138-5304.
Or call (800) 877-GRAD or (617) 868-1000,
Ext. 137,148,149 and 151.

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