Links and Contacts

Financial Aid FAQs

  1. What happens to my financial aid award if I change my residency status?
  2. What should I do if my family's financial circumstances change or if I have special circumstances
    that are not reflected on the FAFSA?
  3. How do I appeal a financial aid decision? 
  4. What if I drop below the required GPA for my merit scholarship?
  5. What happens to my financial aid award if I drop below full-time enrollment or withdraw from the College?
  6. Is there financial aid for graduate students and whom do I contact?
  7. How do private scholarships affect my financial aid?
  8. How do I apply for the scholarships that I see listed on Endicott's web page?
  9. Do you have a payment plan available at Endicott?
  10. Can I consolidate my loan repayment into one payment?
  11. Do I need to be admitted to Endicott before I can apply for financial aid?
  12. Can I still receive financial aid after the priority deadline of March 15th?

FOR ALL STUDENT FINANCIAL ACCOUNTS QUESTIONS, PLEASE VISIT THE BURSAR'S FREQUENTLY ASKED QUESTIONS WEB PAGE .


1. What happens to my financial aid award if I change my residency status?  

Changes in residency status require a recalculation of your cost of attendance. A standardized set of budgets is used as the basis for determining the cost of attendance at Endicott. The budgets vary based on the student's living arrangements while in college (living on-campus, living off-campus in an apartment, living with parents or relatives).  These budgets are used to determine a student's eligibility for financial aid.  Changes in residency status will affect the amount of financial aid offered. Students changing from on-campus residency to living in an apartment (with a lease) will receive 75% of the Endicott need-based grant and 80% of any Endicott merit-based scholarships that they would have received if they were a resident student. Students living with parents or relatives will receive 50% of the Endicott need-based grant and 60% of any Endicott merit-based scholarships that they would have received as an on-campus student.

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2. What should I do if my family's financial circumstances change or if I have special circumstances that are not reflected on the FAFSA?

 If your family experiences a change in financial circumstances, you should complete a Special Circumstance Form and write a Special Circumstance Letter explaining the details.  Special circumstances include but are not limited to a loss of job or reduction in income, unusual medical or dental expenses, or one-time sources of income that were included on the FAFSA but will not be repeated. Students will be asked to submit a detailed letter describing the circumstance. Students will be asked to submit additional documentation including verification forms such as IRS Tax Transcripts of the most recent federal tax returns, W-2 forms, paystubs, proof of other sources of income and other documentation as requested by the Financial Aid Office.

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3. How do I appeal a financial aid decision? 

To appeal a need-based Endicott Grant, you must submit a letter of appeal requesting reconsideration of your current aid decision to the Financial Aid Office. Provide specific information about any change in your family's financial situation or extenuating circumstances.  If you are appealing based upon financial aid offers from another institution, you must include a copy of that college's financial aid award letter. The Endicott Appeals Committee will review your request and will send you a written response.

Eligibility for a merit-based Presidential Academic, Presidential Art or Health Science Scholarship is determined by the Admission Office based upon a student's SAT/ACT scores, rank in class, GPA and other outstanding qualities. To appeal a merit-based scholarship decision, contact the Admission Office directly.

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4. What if I drop below the required GPA for my merit scholarship?

Students must maintain a minimum cumulative GPA of 3.0 to be eligible for the Presidential Academic Scholarship and Presidential Art Scholarship or a minimum cumulative GPA of 2.5 for the Health Science Scholarship. Eligibility is reviewed on an semester basis.  Presidential Academic and Presidential Art Scholarship recipients with a cumulative GPA between 2.9 and 2.99 are granted one semester of probation in order to bring their cumulative GPA up to the required 3.0. Health Science Scholarship recipients with a cumulative GPA between 2.4 and 2.49 are granted one semester of probation in order to bring their cumulative GPA up to the required 2.5. Students who fail to achieve the minimum required cumulative GPA by the end of the probationary semester will not receive the merit-based scholarships for future semesters until they achieve the minimum cumulative GPA required and notify the Financial Aid Office.

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5. What happens to my financial aid award if I drop below full-time enrollment or withdraw from the College?

Only full-time, undergraduate students are eligible for Endicott grants or scholarships. Changes to a student's financial aid eligibility depend on when the student changes his or her enrollment status. Students who drop below full-time status (12 credits or more per semester at the undergraduate level and 9 credits or more at the graduate level) or withdraw during the semester may be subject to Endicott's refund policy based upon their official date of withdrawal. In the case of a withdrawal, any financial aid for future semesters will be cancelled and in the case of loan borrowers, the lender will be notified.

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6. Is there financial aid for graduate students and whom do I contact?

Students enrolled in Endicott's graduate programs may be eligible for student loans through federal and private loan programs. For additional information, please review the GPS Financial Aid web page or contact Joanne Rakoc at (978) 998-7715 or via email at jrakoc@endicott.edu.

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7. How do private scholarships affect my financial aid?

 Endicott strongly believes that you have earned those scholarships and as a result, we will not adjust any Endicott grants or scholarships that you were offered. In some cases, these additional scholarship funds may impact your eligibility for federal or state financial aid if they cause you to be awarded beyond your financial need.  When that happens, we will revise your eligibility for federal student loans first.

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8. How do I apply for the scholarships that I see listed on Endicott's web page?

Students who complete the FAFSA and Endicott Financial Aid Application are considered for Endicott's need-based grants. The Admission Office determines eligibility for the merit-based Presidential Academic and Health Science Scholarships at the time of Admission. In addition, some of the other grants and scholarships listed on the web page will be selected by our Scholarship Committee and no application is required.  For others, the applications will be posted to our Scholarship Bulletin Board web page which is updated regularly.

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9. Do you have a payment plan available at Endicott?

Yes, Endicott College offers a monthly, interest-free payment plan through Tuition Management Services (TMS).  Undergraduate students and families may use this plan to pay all or a portion of the annual balance due to the College.  For additional information, please click on the Payment Plan option on the left-hand menu.

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10. Can I consolidate my loan repayment into one payment?

You may be eligible to consolidate your Federal Stafford and Perkins Loans through the Federal Direct Consolidation Loan Program. For additional information, you should contact your current loan servicer.  Information about who currently services your federal loans may be found on the National Student Loan Data System (NSLDS) at www.nslds.ed.gov.

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11. Do I need to be admitted to Endicott before I can apply for financial aid?

No, you do not need to be admitted to the College before applying for financial aid but we cannot offer you a financial aid package until you are offered admission. The Financial Aid Office encourages applicants to the College to apply for financial aid as early as possible to ensure that all financial aid deadlines have been met.  If you are applying early in the calendar year and you and your parents (if required) have not yet filed tax returns, you may use estimated income information. You should update the tax information as soon as the tax returns are completed.

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12. Can I still receive financial aid after the priority deadline of March 15th?

Yes, students will still be considered for financial aid if they apply after the priority deadline but it will be on a funds available basis. Many types of financial aid have limited availability and funds may become exhausted.

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