OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

University of Massachusetts-Lowell Financial Aid and Scholarships 2022

University of Massachusetts-Lowell, which is located in Lowell, MA is a public university. University of Massachusetts-Lowell covers an area of 150 acres. In 1894, University of Massachusetts-Lowell was founded by Joseph Conti. Notably, the official colors of the university are blue and black. Out of total 18,338 (2019) students enrolled at UML, 14,170 belong to undergraduate courses while 4,182 are postgraduate students. At University of Massachusetts-Lowell, around 78% of the students are 2

University of Massachusetts-Lowell Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$72.054M

Financial Aid Official Website

www.uml.edu/thesolutioncenter/financial-aid

Such schemes include Academic Achievement Scholarship, Academic Council Scholarship, Bank of America Scholarship Fund, and Chancellor's Merit Scholarship. As many as 90% of the students at UML get some sort of financial aid, and the total amount of assistance/loans provided is more than $52,227,020 in a year. For additional information about financial assistance schemes, one can head over to UML’s financial aid page at http://www.uml.edu/thesolutioncenter/financial-aid. The total percentage of candidates applying to University of Massachusetts-Lowell who receive the Federal Grant is 33%. Meanwhile, 78% of the applicants receive the Student Grant and 77% are awarded the Institution Grant, while 33% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,264, and the same stands at $1,987 for State Grant awardees and $8,460 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,389. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 70% of the applicants to University of Massachusetts-Lowell opt for student loans.

Minumum Credit Score	Apply in as little as	Variable APR	Fixed APR
Not Available	15 minutes or less	2.95	4.74	View disclosures
620	2 minutes	5.38%-16.99%¹	4.43%-16.99%¹	View disclosures
Not Available	15 minutes	1.13% - 11.23%¹ (with autopay)	3.50% - 12.60%¹ (with autopay)	View disclosures

Minumum Credit Score

Apply in as little as

Variable APR

Fixed APR

Not Available

15 minutes or less

2.95

4.74

View disclosures

620

2 minutes

5.38%-16.99%¹

4.43%-16.99%¹

View disclosures

Not Available

15 minutes

1.13% - 11.23%¹ (with autopay)

3.50% - 12.60%¹ (with autopay)

View disclosures

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