Financial Aid Information

The University offers a program of financial assistance through scholarships, grants, federal work study, and loans.

Prospective students must be officially accepted into a degree program at the University before their applications for financial assistance will be considered. Undergraduate students must be enrolled for at least 6 credits for each semester in order to receive aid (except for the Pell Grant, which may be received with only 3 credits as long as the student meets eligibility requirements). 

Students applying for any federal, institutional, or state aid must submit the Free Application for Federal Student Aid (FAFSA) for processing as soon as possible after January 1. You should complete and submit the FAFSA online at A helpful tutorial can be found at  The Title IV code for Western New England University is 002226. Please make sure to opt into using the IRS Data Retrieval process when completing the FAFSA. If filing the FAFSA before federal income tax returns are complete, you will need to update the FAFSA using the corrections process after your tax returns are filed.

NOTE: There is no additional institutional financial aid application.

All students must re-apply for need-based financial aid each year, and aid in any year does not guarantee aid in subsequent years. Effort is made to renew each student’s financial aid, but aid in subsequent years could be influenced by changes in a family’s financial circumstances, poor academic performance, the availability of state or federal funds, and applying on time. The FAFSA for returning students must be received by Western New England University before April 15, and the IRS Data Retrieval completed by May 1, in order to receive priority consideration. Late applicants may be considered for financial aid if sufficient funds are available.

The financial aid staff is part of the Student Administrative Services Office (SAS). The office can be contacted at:

 Student Administrative Services
1215 Wilbraham Rd.
Springfield, MA 01119-2684
Phone: 413-796-2080 or 800-325-1122 ext. 2080
Fax: 413-796-2081

The sources of financial aid that may be awarded are:

Aid Not Based on Financial Need

Merit Aid
Merit-based scholarships and grants are awarded based on high school or college academic achievement. All students are automatically considered for merit aid during the admissions process. See Merit Aid. 

International Students
A limited number of scholarships ranging from $9,000 to $17,000 per year are available. See Merit Aid. 

Sibling Discount
A $1000/year discount is available to each sibling when a family has more than one full-time undergraduate child attending Western New England University. Please notify SAS each year, if qualified. 

Aid Based on Financial Need  

Gift Aid that does not have to be repaid:

Need-Based Western New England University Aid
Western New England University scholarships and grants, which are based on financial need, are awarded annually. All students are automatically considered for these when they apply for financial aid.  

Federal Pell Grants
Federal Pell Grants are awarded to undergraduate students demonstrating financial need. Eligible students may receive up to $5,815 each year.

Federal Supplemental Educational Opportunity Grants
Supplemental Educational Opportunity Grants are awarded to a limited number of undergraduate students with extreme financial need. These grants range from $200 to $4,000 each year.

State Scholarships
Several states award scholarships and grants which can assist students attending Western New England University. These states include Massachusetts, Connecticut, Pennsylvania, Rhode Island, and Vermont. Information about the programs is provided annually by each state.

Student Employment:

Federal Work-Study/Campus Employment
A limited number of Federal Work-Study jobs, which are based on financial need, are offered as part of the financial aid award. The University also funds student employment, which is not based on need, through its institutional student employment program. The money earned by participating in a work program does not need to be repaid, and students are paid from the University every two weeks for the hours worked. Job fairs are held each September, and the Career Center helps students identify the most suitable campus employment. Normally, annual work awards range from $800 to $2,400 and require 7-15 work hours per week. Positions are available to accommodate student schedules during the daytime, evenings, and weekends. It is the student’s responsibility to seek out and obtain a position.

The hourly wages are based on the level of responsibility set forth in each position’s job description. Click here for an idea of how many hours per week you might work with different awards and pay rates. For the Federal Work-Study payroll periods and paydays, click here.



Federal Perkins
The University has established and administers a Perkins Student Loan Fund. Funds are limited, and the loan cannot be offered to all eligible students. Students may borrow amounts not exceeding $6,000 aggregate for pre-baccalaureate, and $12,000 aggregate for all undergraduate and graduate years.  Due to a change in federal regulations, the Perkins program will end on September 30, 2017.

Federal Direct Student Loans
Eligibility for a Subsidized loan is based on financial need, as determined by the FAFSA, and the interest that accrues during periods of enrollment for a subsidized loan is paid by the federal government. If a student does not qualify for a need-based Subsidized loan, he/she automatically qualifies for the same loan limit through the Unsubsidized loan; the interest that accrues during periods of enrollment for an Unsubsidized loan is added to the principle. The loan limits are $3,500 per year for freshmen, $4,500 per year for sophomores, and $5,500 per year for juniors and seniors.  All students can opt to borrow up to $2,000 as an Unsubsidized loan in addition to the initial need-assessed award. The total amount that undergraduates may borrow is $31,000. Beginning July 1, the rate for both the Subsidized and Unsubsidized loans is a fixed 4.29%. Please note that there is a 1.07% origination fee that the government withholds upon loan disbursement.

Additional Options:


External Scholarships                                                                                                                                                                                                                                                                        Many scholarship and financial assistance programs are available to deserving students through local and state civic groups, clubs, and organizations. Students are urged to seek out such programs in their local areas. You can access a variety of scholarship search sites as well. Many sites discuss the financial aid process and federal funding in detail. Please forward copies of all letters or notices confirming external scholarships to the Student Administrative Services office as required financial aid information.

Payment Plans
Families should consider what they can afford to pay out of pocket prior to borrowing the remaining educational costs. This helps minimize the debt burden on students and parents. The University offers two payment plans. Information and applications for these plans are available by clicking here.

Parent Loans
There are several high quality parent loan products from which to choose, including the federal Direct PLUS Loan for parents, and the University does not endorse any individual lender. Private student loans, discussed below, using a cosigner with good to excellent credit can result in fixed and variable rates lower than the federal Direct PLUS Loan. Families are encouraged to compare attributes of any loans to pick the one that is right for them.

Visit ELM Select for more details regarding private loans. Many loan sites provide repayment calculators with various options from which to choose. These can be very helpful when deciding what type of loan and repayment is best for your family.

Plan ahead; apply early for any parent or student loans to give yourself time to resolve any issues. 

Federal Direct PLUS Loan for Parents

The website for completing the Direct PLUS Loan application and simultaneously signing the Master Promissory Note is

With this loan option, parents of dependent undergraduate students may borrow up to the cost of attendance, minus any other financial aid resources. The interest rate for the PLUS Loan is a fixed 6.84%, and eligibility depends on a modest credit check. It is important to account for a 4.29% origination fee that the government withholds upon loan disbursement. Increase the requested amount by at least 4.3% in order to cover any anticipated balance. Repayment begins 60 days after the loan is disbursed, but parents can choose to defer repayment until 6 months after the student departs school. Be aware that deferring payments increases the total cost of the loan. 

If the parent's application is denied, he or she can add an endorser who does not have an adverse credit history. If a PLUS application is denied, the student is eligible to borrow an additional $4,000-$5,000 through the Unsubsidized Direct Student Loan by completing a form at the SAS Office.

Note: The University requires a completed FAFSA in order to secure a PLUS loan.

Student Private Loans   
There are many high quality student loan products from which to choose. The University does not endorse any preferred lender. Student loans using a cosigner with good to excellent credit can result in fixed and variable rates lower than the federal Direct PLUS Loan for parents. Payments are deferrable until after graduation, but deferring payments does raise the cost as interest accrues. Many loans give an option for immediate repayment of principal and interest, or just interest. Freshmen are almost always required to use a cosigner, while all others may be eligible without one. However, the cost of the loan is always lower with a cosigner.

The private loan application process requires several e-signed disclosure confirmations, and the interval from application to disbursement takes several weeks. For the "self-certification" step, you will need to utilize the "Cost of Attendance" and "Total Financial Aid" figures, found on the Award Letter enclosure.  The "Cost of Attendance" is also found on our website under 'Tuition and Fees'.

Visit ELM Select for more details regarding private loans. Many loan sites provide repayment calculators with various options from which to choose. These can be very helpful when deciding what type of loan and repayment is best for your family. 

Net Price Calculator

This undergraduate financial aid estimator was designed to help you, a prospective student, estimate your need-based financial aid options, any available merit scholarships or grants, and the cost of attendance. Specific questions about your family's income and assets will be asked. Therefore, the calculator will probably need to be completed by your parents. If you only want to estimate your merit aid amount, you should use the Merit Aid menu option on the Admissions website. Detailed information on the costs can be found on the Tuition Costs menu option.

Please read the following before you use the financial aid calculator.  Once you begin, please also read the buttons with a question mark for additional information.

Please remember that this information is preliminary, based on the information that you supply, and is for estimating purposes only. Your official financial aid award will be sent to you after you have been accepted to Western New England University and the results of the Free Application for Federal Student Aid (FAFSA) have been reviewed.

Understanding your results:

  1. As you are aware, there are indirect costs associated with attending college. We have estimated items such as books, personal expenses, and transportation.  These are NOT University charges. Therefore, the “Total Estimated Cost” figure is higher than the amount which would be paid to the University in tuition, fees, room, and meals.
  2. The results may indicate your eligibility for Work Study (student employment). Many students receive an award that allows them to earn up to $2,400. The results may also include an opportunity to borrow funds at a very low interest rate. This could be under the Perkins Loan and/or Subsidized Direct Ford Loan programs (repayment begins after graduation), and/or the Unsubsidized Direct Ford Loan program (interest accrues but no repayment is made until after graduation).
  3. Financial aid may not cover all the University's charges and other costs. Many families choose to finance part or all of the costs which may remain after student financial aid. While there are a variety of options and we can provide assistance in evaluating them, many parents choose to apply for a Federal Plus (Parent) Loan. This is a low interest, credit-based loan; repayment can be deferred until after graduation. 

The last part of the financial aid estimator will request the student's name and an email address so that you can receive the results. Additional information will be provided in that email.


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