Loan Information

U.S. citizens and permanent residents are eligible for federal loan and work study programs. The Tufts University Office of Student Financial Services determines loan and work study eligibility following submission of the Free Application for Federal Student Aid (FAFSA) form. Detailed information on the loan and work study programs can be found here.

FAFSA forms should be completed by April 15 (March 15 for first-time applicants), although you are encouraged to complete your FAFSA by February 15 to allow provisional credits to be reflected on your Tufts tuition bill, which will be available electronically in early July. A financial aid letter cannot be generated until the Tufts Financial Aid office receives your FAFSA data. Even if you have not completed your tax return forms, it is strongly recommended you use estimated income/tax information in order to submit the form on time. Students interested in being considered for Work-Study funds must ensure their FAFSA has been filed and received by Student Financial Services in Dowling Hall by May 1. Matriculating students who have not completed the FAFSA, but who would like to be considered for Federal Loan Programs, may do so at any time during enrollment at Tufts. Please allow three weeks for processing.

You can complete the FAFSA on-line at fafsa.ed.gov/. To file on-line, you will need a PIN (personal identification number).  First time applicants, and those who have forgotten their PIN, can apply for a PIN at pin.ed.govThe Tufts Federal Institutional Code Number is 002219.  If you have already completed the FAFSA for graduate study, you will be able to follow the simplified FAFSA renewal process.

If you have questions about the FAFSA or the federal programs, please contact Tufts Student Financial Services at studentservices@ase.tufts.edu or at 617-627-2000. You may also contact the Federal Student Aid Information Center at 1-800-4-FEDAID (1-800-433-3243).

Federal Loans – Further Information

Federal Direct Stafford Loans

GradPLUS Loans

Alternative Loan Programs available to U.S. and International Students

The Fletcher School has a very limited pool of loan funds available for use as “loans of last resort.” After exhausting all other sources of financial support, students may apply for a loan, not to exceed $5,000. The interest rate on the loan is 5% and repayment begins six months after the student ceases to be enrolled at least half time. The maximum repayment period is ten years. Interest does not accrue while the student is enrolled in school.


Fletcher Emergency Loans

Students may apply for interest free Emergency Loans of up to $2,000 from Fletcher for short periods.  Loan repayment is within one to two months. Typically, Emergency Loans are used to cover personal expenses in the short term. Emergency Loans are not available for summer support. Please contact the Fletcher Office of Admissions and Financial Aid for details.


How Loans are Applied to your Student Account

Tufts is a Federal Direct Stafford Loan lender which means that both your Federal Direct Stafford and GradPLUS Loans will come directly from the federal government. All students who have never borrowed a Direct Loan are required to sign a Master Promissory Note (MPN). See here for more information about the MPN and loan application process. If you are a prior borrower of a Direct Loan a new Master Promissory Note will not be needed. You may review your loan history at the NSLDS site at nslds.ed.gov/nslds_SA/.

All entering graduate students, as well as first time borrowers at Tufts, must also complete Entrance Loan Counseling online.

All loans are disbursed directly to your student account in two installments – one in the Fall semester and one in the Spring semester.


Refunds after Enrollment

If you have a credit on your account once your bill has been paid, your refund will be processed through BankMobile. Full details on the refund request process are available here.

If you are seeking a refund made payable to a third party, you must submit a signed Refund Request Form to the Student Services Desk in Dowling Hall. Please note that Tufts Student Financial Services will begin processing refunds during the second week of classes.


After Graduating

Information on Exit Counseling, Loan Repayment, Debt Management and Loan Consolidation can be found here.


FAQ

I just started at Fletcher; is it too late to apply for federal loans?

No. U.S. citizens and permanent residents may apply for federal loans throughout the academic year.

How much can I borrow each year?

Fletcher students may borrow up to the cost of attendance (using the standard budget for each degree program) less any scholarship aid received.

Can I have my budget increased to allow me to borrow additional loans?

Yes. Increases are determined on a case-by-case basis. Please contact Tufts Student Financial Services in Dowling Hall for details.

Under what conditions can I have my budget increased?

There is a one time increase available for a computer purchase. In addition, students may have their budget increased for personal expenses such as child care or health expenses.

I am an international student and I need a loan. Am I eligible?

Several banks and private lenders offer educational loans for financing graduate school education. Most private lenders require a U.S. co-signer for international students.

How will my loans be disbursed to me?

All loans are disbursed directly to your student account in two installments – one in the Fall semester and one in the spring semester.

I have a credit on my student account. How do I obtain a refund?

If you have a credit on your account once your bill has been paid, you may request a refund through the “Manage eRefund” link located on the Bills & Balances tab in SIS. Full details on the refund request process are available here.

I am expecting money from my parents next month, but need to pay rent next week. What can I do?

The Fletcher School offers short-term, interest-free emergency loans of up to $2,000 to students. Loan repayment is within one to two months. Emergency Loans are not available for summer support. Please contact the Fletcher Office of Admissions and Financial Aid for details.