by our College Data Analytics TeamA lot of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to University of Massachusetts-Boston can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will UMass Boston offer, and what will you qualify for? Read on for more information. Keep reading to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from University of Massachusetts-Boston.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at University of Massachusetts-Boston, 92% of new full-time first-years were awarded at least some aid some 2217 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $14,042 |
| Institutional grants & scholarships | 87% | $7,985 |
| Federal Pell grants | 49% | $5,804 |
| State/local grants | 49% | $4,875 |
| Federal student loans | 56% | $5,002 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at UMass Boston, about 73% of undergraduates were awarded grant or scholarship aid averaging $13,531 (covering around 9024 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $13,531 |
| Federal Pell grants | 42% | $5,444 |
| Federal student loans | 51% | $6,454 |
On-campus students receiving title-IV aid were awarded grants averaging $12,837.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,540 |
| $30,001 – $75,000 | $15,933 |
| Over $75,000 | $24,167 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,707 |
| Off-campus title-IV students | $18,282 |
To get a personalized net price estimate, try UMass Boston’s net price tool: umb.studentaidcalculator.com/survey.aspx.
The middle student in the debt distribution at UMass Boston owes $15,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $21,974 |
| Typical 10-year monthly payment (graduates) | $232.96/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at UMass Boston.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $7,000 |
| 75th percentile | $26,407 |
| 90th percentile (highest-debt students) | $35,324 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $15,250 |
| Middle income | $15,409 |
| High income | $13,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $14,884 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,750 |
| Independent students | $21,499 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. UMass Boston.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at UMass Boston:
| Metric | Value |
|---|---|
| Stafford loan recipients | 47096 |
| Total Stafford loan amount | $960,871,074 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 569 |
| Total GI Bill amount | $3,543,121 |
| Average GI Bill amount per recipient | $6,227 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 12 |
| Total DoD amount | $24,535 |
| Average DoD amount per recipient | $2,045 |
References
More about our data sources and methodologies.