The Massachusetts No-Interest Loan is an interest-free student loan from the Commonwealth of Massachusetts awarded to full-time undergraduate students who are Massachusetts residents.
Eligibility is determined by the Office of Student Financial Services and is based on the information you provide on the Free Application for Federal Student Aid (FAFSA). This loan is awarded to students with significant financial need and is limited by the availability of program funds. If you are eligible for this loan, it will appear on your award letter.
| Interest Rate | 0% |
| Minimum Undergraduate Annual Loan Amount |
$1,000 |
| Maximum Undergraduate Annual Loan Amount |
$4,000 |
| Maximum Undergraduate Aggregate Amount | $20,000 |
| Repayment Period | 10 years |
| Interest Charged While Enrolled at Least Half-time | No |
| Repayment Begins | Six months after no longer enrolled at least half-time |
| Servicer |
ECSI ecsi.net 1-800-549-3274 |
| To learn more, visit: | osfa.mass.edu |
If you've been awarded a Massachusetts No-Interest Loan, all borrowers at Emmanuel College must complete and sign:
Borrowers will be notified via e-mail from the Office of Student Financial Services when these documents are available. Funds will be credited to the student's account only after the completion of the required documents.
All students are required to complete an exit counseling prior to withdrawing, dropping below half-time status or graduating. You may complete this requirement online with ECSI.
Growing up in a suburban town outside of Boston, going to college in the city had always been a goal for Jake. After touring Emmanuel's campus he felt it had the perfect mixture of “small campus feel and big city appeal.”
Michael chose Emmanuel because of its location in Boston and its proximity to the city's "big players," specifically its leading names in the financial industry.
What began as an on-campus job in Emmanuel's student center transformed into a new career path for Jessie, one that brought her to Harvard University as a master's candidate in higher education administration.
Chemistry graduate Jennifer Scarborough '17 has found a way to combine her love for science and education. She shares her enthusiasm for the subjects as an education associate in the Hall of Human Life exhibit at Museum of Science Boston—one of the top science museums in the country (according to National Geographic).
At Emmanuel, management major Juan Sebastian Levy '14 prepared to succeed in an increasingly global society, experience that has taken him to Wayfair's offices in Berlin and back to Reebok's international headquarters in Boston.
As a high school student Benjamin Craig's motto was, "Here's my plate, load it on." He brought that mentality with him to Emmanuel, where he has always been ready to take on a new opportunity.
Kylia visited Emmanuel's Career Center for the first time during her freshman year and made key connections that would eventually lead her to a full-time position in research administration at Harvard University.
One of Jannet Desvira's goals early in her Emmanuel career was to become president of the Business Leaders of Emmanuel Club. She has achieved that and more—and is poised to become a business leader in the real world.
On campus and off, Jaxell Negron is all about building community. As an RA, he creates a strong, safe sense of rapport within his residence hall. Through the on-campus boxing club he co-founded, he gave students a new way to work out and relieve stress.
During her time at Emmanuel, Michelle Church has aimed to be well-rounded-in her academics, in her co-curricular activities and in her approach to finding the right fit for her career aspirations.
Just a few short weeks after graduating in May 2018, Kevin began working to make one of the country's fastest growing tech companies ever bigger.
Greater Boston is home to thriving startups, storied financial firms, major media markets, world-class medical centers, leading universities and game-changing non-profits. How is Boston able to continually attract top talent and incubate innovative organizations?
Emmanuel is a place where students broaden their sense of what’s possible and prepare for inspiring careers in an ever-changing world. Be here.
Questions?
617-735-9715
