Dean College is committed to providing quality education at a reasonable cost.
Financial Aid Options
Many types of financial aid are available to you to make your college dream a reality. Our financial aid counselors are available to answer any questions or to walk you through any option.
Step 1: Scholarships
Dean College awards more than $25 million in scholarships and grants annually to assist students in funding their educations. An astonishing 95 percent of Dean students receive some form of merit-based aid with an average amount of $19,000. Dean College believes in making a private college education as affordable as possible, therefore most awards are renewable yearly provided the student maintains satisfactory academic progress towards a degree.
Dean College encourages students to seek outside scholarships through various resources. At Dean, we always apply your outside scholarship to your unmet need. If your need is already met, we pledge to use additional resources to reduce loans first, and then self-help awards like work-study, before reducing institutional funding.
You may also want to contact your town or city hall, high school guidance office, public library and local civic organizations to find out about scholarships or grants for which you may be eligible to apply.
The College Scholarship Fraud Prevention Act of 2000 was passed to protect against fraud in student financial aid. We recommend you read our statement on preventing scholarship fraud so you know what to be aware of during the search process.
Step 2: Need-Based Grants
State grants are based on information provided on your FAFSA and may be offered to eligible students. The Department of Education in each state determines a student's eligibility. Many states have application deadlines which can be found on the FAFSA website. The State of Massachusetts awards grants to eligible students who meet residency and financial criteria. Students must also have a valid FAFSA on file by May 1 of each year.
The Massachusetts Gilbert Grant is awarded to full-time students who meet the criteria of the Massachusetts State Grant. Award amounts range from $1000-$1500 per academic year. The Gilbert Grant is contingent upon fund availability.
Additionally, Vermont and Pennsylvania currently allows students to use state grant funds from their home state to attend schools in Massachusetts. We recommend you contact your state agency for more information.
Federal Pell Grants
Awards up to $6,195 per academic year for exceptionally needy applicants. The Pell Grant is funded by the federal government and is determined based on the information provided on the FAFSA and enrollment status.
Federal Supplemental Educational Opportunity Grant (SEOG)
Awards ranging from $1,000 to $1,500 are awarded to high need students. The SEOG grant is federally funded and is determined based on the information provided on the FAFSA and availability of funds.
Domestic students who apply and are accepted to the college are reviewed for merit scholarships. All students who successfully complete the FAFSA will be considered for need-based institutional grants.
Step 3: Educational Loans
If your financial aid package and family resources are not enough to cover your costs of attending Dean College, education loans may be a viable option to supplement your resources. Both the federal government and many private lenders provide supplemental loans. It is the lenders who establish eligibility criteria which will include a review of the borrower’s credit score.
Students and parents may borrow private loans to cover their entire cost of attendance (less any other aid received). A student's cost of attendance includes tuition and fees, as well as average travel, books and personal expenses. Once you have determined the cost of attendance, subtract any aid the student will be receiving including all federal, state, private, and institutional grants and scholarships. The amount left over is the maximum that you can borrow for an academic year.
Federal Direct Student Loans
Federal Direct Student Loans are long-term, fixed-interest rate federal student loans awarded based on a review of your FAFSA, Satisfactory Academic Progress (SAP), and your enrollment status. First-time borrowers must complete a Master Promissory Note (MPN) and an Entrance Counseling session online at https://studentloans.gov
Repayment of Student Loans begins six months after you graduate, withdraw, or drop below half-time enrollment status (six credits). See the current interest rate. There are two types of Student Loans:
- Subsidized: No interest accrues until you graduate, withdraw, or drop below half-time enrollment status.
- Unsubsidized: Interest begins to accrue immediately.
There are also limitations on the number of semesters you can receive Federal Student Loans. Please review the following link for more information: Time Limitation on Direct Subsidized Loan Eligibility for First-Time Borrowers.
For more information regarding Federal Student Loans can be found at https://studentloans.gov. We also recommend all students read the Federal Student Basics to understand the terms and repayment options of their Federal Student Loans.
Private Parent and Student Loans
If your financial aid package and family resources are not enough to cover your costs of attending Dean College, education loans may be a viable option to supplement your resources. Both the federal government and many private lenders provide supplement loans. Learn more about Payment Plans and Loans.
Step 4: Work Study
Federal Work-Study is awarded to high need students at Dean College. Students may also choose to work in one of our community service positions. Most students work between 6 and 8 hours a week and their earnings are intended to cover personal or educational related expenses.
At Dean College, we have designed on-campus employment opportunities that not only help you earn some additional money, but also help you grow personally and professionally.
Eligibility for Work-Study is determined after completing the FAFSA and in conjunction with other financial aid programs. Students are paid biweekly for work performed, so it is a great way to offset day-to-day living expenses.
If you are a current student, you can see available positions via DEAN CareerLink.
Students who do not qualify for Work-Study may still find employment on-campus. Some campus offices employ non-Work-Study students in a variety of roles. In addition, many local businesses employ Dean College students.
Step 5: Veterans Benefits
Eligible Students must first apply for their educational benefits by applying with the Veterans Administration. It is strongly advised to apply online at www.gibill.va.gov as processing tends to be quicker by this method, however, you may be complete the PDF application. If you have more specific questions, please contact our office at 508-541-1518 or the Veteran’s Administration at 800-827-1000 for further assistance. A Certificate of Eligibility will be mailed to you 4-6 weeks after submitting the application and should then be sent to the Veteran’s Certifying Official in our office for review. Parents may be able to transfer their benefits to a spouse, one or more children, or a combination of spouse and child.
Yellow Ribbon Program
Dean College is also a proud participant in the Post 9/11 GI Bill Yellow Ribbon Program. Only veterans entitled to the maximum benefit rate (based on service requirements under the Post-9/11 GI Bill) or their designated transferees may receive funding under the Yellow Ribbon program. Active duty service members and their spouses are not eligible for the program. While Dean College does participate in this program, there is a maximum number of individuals to whom the school is able to award funding under this program each year.
Therefore, you may be eligible if:
- You served an aggregate period of active duty after September 10, 2001, of at least 36 months;
- You were honorably discharged from active duty for a service-connected disability and you served 30 continuous days after September 10, 2001; and/or
- You are a dependent eligible for Transfer of Entitlement under the Post-9/11 GI Bill based on a veteran's service meeting the criteria listed above.
More information on educational benefits may be obtained on the U.S. Department of Veteran Affairs official website: www.gibill.va.gov.