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Everything You Need to Know About Tufts Financial Aid
Financial aid packages are comprised of a combination of grants, loans, and work-study.
GRANTS
Grants are awards that do not have to be repaid, and Tufts grants are always the largest source of grant aid received by Tufts undergraduates. Tufts Grants exceeded $70 million in 2015-16 and were by far the largest source of grant aid received by Tufts undergraduates. The amount of Tufts Grants ranged from $1000 to more than $60,000. Tufts students also receive grant funds from federal and state programs such as Pell and SEOG grants, ROTC scholarships, as well as funding from a variety of private sources. Over 34 percent of last year’s entering class received more than $18 million in Tufts grant aid.
STUDENT LOANS
Students with total family incomes of less than $60,000 will typically receive a financial aid package that includes no student loans. Their full need will be met with grant funds and work study. All other financial aid recipients will be awarded student loans as a part of their financial aid package. The standard freshman loan amount is $5,000, but individual loan amounts may range from $500 to $7,000 (maximum). No interest accrues on these loans and no payments are due until after the student graduates or leaves school.
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