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Financial Aid

Grants

 

ATHLETIC SCHOLARSHIPS: Recipients are selected by the Merrimack Department of Athletics. All questions regarding this type of aid should be directed to the Coach and the Assistant Athletic Director of Compliance.

ENDOWED/RESTRICTED SCHOLARSHIPS: A number of individuals, foundations and corporations have donated money to establish nearly 250 endowed/restricted scholarships to Merrimack College.  These scholarships vary in character and purpose.  Some support study in a particular field, others provide assistance to students from designated geographic areas.

Endowment/Restricted scholarships are based on merit, leadership capability and financial need. Endowment Scholarship awards will be made during the academic year by the Office of Financial Aid. Scholarships designated for entering students do not require a separate application.

If you are selected as a recipient, you will be notified of the award name and to whom a letter of thanks must be addressed. Your acceptance of these funds implies permission for the College to publicize the award.

FAMILY SCHOLARSHIP: If two children are enrolled at Merrimack College in a full-time, day degree program, each child receives a 10% reduction in tuition.  Three children receive 13 1/3% and four children receive 15% (reduction is taken after institutional aid is applied).

FEDERAL PELL GRANT: Pell Grants are awarded to students who have filed the FAFSA and whose Expected Family Contribution falls within federal guidelines. Award amounts for full-time students in 2014-2015 range from $600 to $5,730 per year.

FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT:
Supplemental Educational Opportunity Grants (SEOG) are awarded on a very limited basis first to Pell Grant recipients with the lowest Expected Family Contribution (EFC), pending federal funding.  We have a limited amount of SEOG funds, so not all Pell Grant recipients will receive SEOG funds. The priority deadline to be considered is February 15 for freshmen and April 1 for returning students, after which, funds will be awarded based on Pell Grant recipients and their corresponding unmet need.

GILBERT GRANT: Gilbert Grants are one-year grants made available by the Commonwealth of Massachusetts to eligible Massachusetts residents.  Awards are determined annually pending state funding. 

MASSGRANT: Massachusetts provides educational grants to qualified students who have completed the FAFSA. Eligibility is based on residency, financial need according to the Expected Family Contribution (EFC) and enrollment status. For the 2014-2015 academic year, MASSGrant awards range from $300 to $1,700. The MASSGrant is not automatically renewed as students must file the FAFSA before May 1 each year to determine eligibility.

If you have received state notification you may deduct the state scholarship from your bill only with the understanding that you are responsible for any balance due if the state subsequently adjusts or cancels your award.

MERIT SCHOLARSHIPS: Scholarships are renewable for four years or eight semesters as long as the student maintains good academic standing as defined in the Merrimack College catalog.

MERRIMACK NEED-BASED GRANT: In order to qualify for need-based aid, a student must file the FAFSA and demonstrate financial need.  The award amount in subsequent years will be determined by the demonstrated level of financial need.

OTHER STATE GRANTS:  Your state agency will notify you directly of your tentative award.  Your state will also notify Merrimack once they have confirmed your award for the academic year. States which have reciprocal agreements with the Commonwealth are: Connecticut, Maine, Maryland, New Hampshire, Pennsylvania, Rhode Island, Vermont and the District of Columbia. Available program funding each year is determined by your state.

If you have received state notification you may deduct the state scholarship from your bill only with the understanding that you are responsible for any balance due if the state subsequently adjusts or cancels your award.

Connecticut: http://www.ctohe.org/sfa/
Maine:http://www.famemaine.com/files/Pages/education/student_and_families/Maine_Financial_Aid.aspx
Massachusetts: http://www.osfa.mass.edu/default.asp
New Hampshire  http://www.nhheaf.org/
Pennsylvania: http://www.pheaa.org/
Rhode Island: http://www.riheaa.org/
Vermont: http://services.vsac.org/wps/wcm/connect/vsac/VSAC

TUITION EXCHANGE: This is a scholarship based on parental employment at another participating institution.  For additional information, contact the Tuition Exchange liaison at your college.