State Aid Programs

If you are a resident of Massachusetts, you may be eligible for a range of state grant and loan options to help you complete your financial aid plan. For students living outside of Massachusetts, we also urge you to review your state’s aid options, as states often have reciprocity agreements with Mount Ida College. These programs, along with federal, institutional and private scholarships and loans are ways to help you and your family make your private college education at Mount Ida affordable and within reach. Please note that Massachusetts has reciprocity with other state grant programs such as Vermont, Rhode Island, Connecticut and Pennsylvania that allows funding to students who are from their home state attending a Massachusetts college.

If Massachusetts is your state of legal residence and you demonstrate financial need in your filed FAFSA, you may be eligible for a state grant. You should complete the FAFSA and review requirements and deadlines set forth by your state.

Eligible students are awarded once the state identifies students for the College to review. Your tuition account is credited once your enrollment is certified after the add/drop period each semester and stabilization has occurred. 

 

If you are an undergraduate student who has been admitted to Mount Ida, and you meet the requirements listed below, you may be eligible for a grant from GEAR UP. Awards range from $800 to $1,000 per year and may be awarded to eligible students for a maximum of four years or eight semesters or the adjusted equivalent if the student is enrolled part-time. Eligible students are awarded once the state identifies students for the College to review. Your tuition account is credited after the add/drop period and stabilization has occurred each semester. See if you meet the requirements:    

  • Are under 22 years old at the time of first scholarship award
  • Participated in the Early Intervention component of GEAR UP Massachusetts
  • Have graduated from a Massachusetts public high school participating in GEAR UP Massachusetts beginning in 2005
  • Is a permanent legal resident of Massachusetts for at least one year prior to the start of the academic year
  • Is a U.S. citizen or a non-citizen eligible under Federal Title IV
  • Is enrolled full- or part-time in an eligible program at Mount Ida
  • Files FAFSA annually
  • Maintains Satisfactory Academic Progress in accordance with institutional standards
  • Is in compliance with applicable laws regarding Selective Service Registration
  • Is not in default of any federal or state student education loan for attendance at any institution or owes a refund for any previous financial aid received.

The Gilbert Grant is awarded to you if you are a full-time student whose state of legal residence is Massachusetts. Recipients of this grant are eligible based on financial need and availability of funds. Awards range from $500 to $2,500 per year. You are required to complete a FAFSA annually for consideration. Your tuition account is credited after the add/drop period and stabilization has occurred each semester.

If you are a Massachusetts resident enrolled full-time in a degree program working toward their first bachelor’s degree who demonstrates high need, you may be eligible for this loan. Determined by financial need, funded by the Commonwealth of Massachusetts and administered by Mount Ida College, Massachusetts No Interest Loans are subject to available funding and must be repaid. The minimum award is $1,000 and the maximum award amount is up to $4,000 per academic year. If you are eligible, your lifetime borrowing limit is $20,000. You will be required to sign a Promissory Note, Private Education Loan Applicant Self-Certification Form and complete a Loan Entrance Interview with a member of our Office of Student Financial Services at the start of the semester. The loan is credited to your tuition account once Mount Ida receives the loan proceeds from the Commonwealth, but no earlier than the end of add/drop period for the semester and stabilization has occured. Award amounts are estimated until final payment is approved by the Commonwealth of Massachusetts.

Massachusetts No Interest Loan Exit Interview

If you are a borrower of the Massachusetts No Interest Loan(s), you are required to complete an Exit Interview prior to ceasing enrollment on a half-time basis. The exit interview can be conducted online at Educational Computer Systems (ECS), www.ecsi.net, the state’s loan servicing company for the Massachusetts Department of Education. You will be required to provide family information and personal references. Please be sure to have this information ready when you begin the online Exit Interview. If you have questions regarding your Massachusetts No Interest Loan debt or the exit interview process, please contact a member of Mount Ida’s Office of Student Financial Services.

Massachusetts No Interest Loan Repayment

Massachusetts No Interest Loans require repayment. Failure to repay your loans will result in a defaulted status. Default means that you have failed to repay your loan according to the terms outlined in your promissory note. If you are having difficulty repaying your loans you should contact Educational Computer Systems, Inc (ECSI) immediately to review alternative repayment programs that you may qualify for.

You may be awarded this grant if you demonstrate financial need as defined by the FAFSA and availability of funds. Eligible Massachusetts residents must be enrolled full-time (12 credits, in a degree seeking, first bachelor’s degree program.) Awards range from $400 to $1,700 as determined and set by the Commonwealth of Massachusetts. Awards are estimated until final funding levels have been released by the State. The deadline to apply for this grant is May 1 (FAFSA must be filed by this date too). Files must be complete with the Office of Student Financial Services for the state certification process to occur.  You must complete the FAFSA annually for consideration. Your tuition account is credited once Mount Ida College receives proceeds from the Commonwealth, but no earlier than the add/drop period and stabilization has occurred each semester.

Campus Emergency Alert

Mount Ida College will be closed Wednesday, January 28; Classes will Resume Thursday, January 29 at 8:00 AM

All offices will be closed with the exception of essential services. Residence and dining halls will remain open, but shuttle service is suspended. For additional information, please visit the Alerts and Notifications page.