Graduate

Types of Aid

Northeastern offers a full compliment of financial assistance to eligible graduate students including; assistantships, scholarships, loans, and work awards from both federal and institutional sources. Grants and scholarships are considered gift aid, and do not have to be repaid; loans must 
be repaid. Grants, scholarships, and loans are applied directly to tuition bills. Earnings from work awards are distributed through weekly pay and are generally intended to help students with expenses during the academic year.

To be eligible for federal assistance, students must be U.S. Citizens or eligible non-citizens. International students are not eligible for federal financial aid but may qualify for alternative loan financing. Additionally, graduate assistantships may be available to qualified applicants. Students interested in assistantships should contact the graduate office to which they are applying for admission.

Assistantships

These positions and awards are offered directly by the individual graduate schools or academic departments. Students seeking such assistance should contact their graduate school for an application and eligibility criteria. Any tuition remission, stipend award and/or housing compensation will be incorporated into the student’s financial aid package as a resource. Students who receive these forms of assistance may have reduced eligibility for need-based aid. More specific information about each type of position is listed below:

  • Graduate School Scholarships (GSS) are non-taxable scholarships provided by academic departments to cover up to 9 credit hours per semester. Applications can be made to the department.
  • Northeastern University Graduate Assistantships (GA) offer a taxable stipend in return for service, plus a non-taxable partial or full tuition scholarship. Graduate assistantships include teaching and research appointments, each requiring a time commitment to provide various types of assistance to an assigned department or project each week.

Graduate Assistantship Recipients

Unlike most financial aid awards that are offered for the entire academic year, these assistantships are only awarded one semester at a time. Receipt during a particular semester does not guarantee an award for the same amount during subsequent terms. The scholarship portion of these awards will not actually post to your account until later classes begin, so your initial billing statement will not reflect this award. This stipend is subject to federal and state taxes and will be paid on bi-weekly basis. Please visit our Student Employment page for more information regarding stipends and other employment-related matters.

Scholarships

Double Husky Scholarship

The Double Husky Scholarship, available to alumni who have graduated with a Northeastern University degree, provides a tuition discount of up to 25 percent on eligible graduate degree or certificate program. Learn more about the Double Husky Scholarship and eligible programs.

Parent and Family Scholarship

Available to parents and siblings of full-time Undergraduate Day students, the Parent and Family Scholarship provides a tuition discount of 25 percent on more than 110 eligible graduate programs. Learn more.

Graduate Dean’s Scholarship

The Dean’s Scholarships are awarded to the incoming professional masters students based upon academic achievement. To be eligible for consideration, a student must be in the top one third of their program’s incoming class. No separate application is required beyond the admissions application materials. Students selected for the Dean’s Scholarship will be notified by their academic department or Dean’s Office. Students who receive these forms of assistance may have reduced eligibility for need-based aid.

Diversity Fellowship

Each year a limited number of fellowships are awarded to graduate students in an effort to help the university achieve a more diverse graduate student body. A variety of factors may be used for the purpose of increasing diversity at the university including gender, race, ethnicity, national origin, sexual orientation, disability or other protected classification consistent with the university nondiscrimination policy.

These awards are recommended by the student’s academic department or college. They provide tuition support only and there is no work requirement associated with them.

Martin Luther King Jr. Graduate Fellowship

The MLK Jr. Graduate Fellowships are administered through the African-American Institute. These awards are offered annually to African-American students in full-time graduate programs as long as the student demonstrates satisfactory academic progress and financial need as determined by Student Financial Services. Applicants must complete the financial aid process, as well as an application available from the African-American Institute.

Outside Scholarships

Your Local Library

A trip to your local library will find many scholarship books available that contain the addresses of scholarship programs. It requires some work on your part (applications, essays, etc.), but a few hours of your time could yield valuable information and lead to additional funding for your education. Locally, the ASA College Planning Center, located in the basement of the Boston Public Library in Copley Square, has numerous resources available to help you find outside aid, including a computerized database of scholarships.

Scholarship Search Databases

U.S. Department of Labor Career One Stop Scholarship Search
Peterson’s Scholarship Search
CollegeNET Scholarship Search
Collegescholarships.org
College Scholarship Search
DiscoverNursing.com

Don’t get scammed

Remember that all scholarship information is available to you free of charge! Be extremely wary of any organization or company that asks you for a “finder’s fee” or “guarantees” that they can find you aid. Any reputable scholarship organization will not charge you a penny for this information.

The above list is provided to you as a reference tool. It should not be construed as an endorsement by Northeastern University of any of the organizations listed.

Loans

Federal Direct Loan

Students who have completed the FAFSA, will automatically be considered for the Federal Direct Unsubsidized Loan. Interest on this loan accrues while you are in school. For information regarding the amount you may be eligible to receive, please see the chart below.

The interest rate for loans first disbursed on or after July 1, 2017 and before July 1, 2018 is 6.00%.

An origination fee of 1.069% is deducted from loans with a first disbursement on or after October 1, 2016 and before October 1, 2017. For loans with a first disbursement on or after October 1, 2017 and before October 1, 2018, the origination fee is 1.066%. Learn more

Student Type Annual Amount
Graduate or Professional $20,500 Unsubsidized
6th Year students in PharmD $37,167 Unsubsidized
Total Lifetime Eligibility $138,500 for graduate or professional students — No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.

Health Professions Student Loan and Nursing Student Loan

These federal loan programs carry a 5% interest rate during repayment. You must demonstrate financial need and meet Northeastern’s priority filing date for consideration, as funds are limited.

For Nursing Loans, there is a 9-month grace period prior to repayment following graduation, withdrawal, or a drop below half-time status. The grace period is 12-months for Health Professions Student Loans. Repayment on the loan is for a period of up to ten years with a minimum $40 monthly payment. The loan may be prepaid at any time without penalty.

To be eligible for the Health Professions Loan Program, applicants must be enrolled full-time in the PharmD program through the Bouvé College of Health Sciences. To be eligible for the Federal Nursing Student Loan, students must be enrolled at least half-time. To receive a Health Professions or Nursing Loan, you must complete a Self-Certification Form and return it to Student Loan Collections, 315 Richards Hall.

Physician Assistant Loan

The Physician Assistant Loan is awarded to full-time students in the graduate Physician Assistant program, who demonstrate financial need after filing the Free Application for Federal Student Aid (FAFSA). The interest rate is fixed at 7%. Northeastern University is the lender, and repayment is made directly to Northeastern. Eligible students may be awarded up to $3,000 per academic year, depending upon the student’s financial need. Repayment begins one month after the student ceases to be enrolled full-time at Northeastern University.

If awarded the Physician Assistant Loan, the student must accept the loan via the MyNEU/Self Service/Apply Online tab, and submit a Self Certification Form to Student Loan Collections. Student Loan Collections will then mail the disclosure forms, promissory note, and data sheets directly to the student. The loan will not disburse until all documents have been completed with Student Loan Collections.

Work

Federal Work Study is a need-based federally subsidized program that provides part-time employment to undergraduate students. To be eligible, students must demonstrate financial need, as determined by the FAFSA. For students who would like to be considered for Federal Work Study, it is important to ensure your FAFSA is submitted prior to the priority filing deadline date, as this is a limited fund.  Students who secure a work study position are typically paid through direct deposit and may use their earnings to help with expenses during the academic year.

There are also a number of general student employment opportunities available for eligible students. The amount you earn will be determined by your pay rate and hours worked.

View additional information about student employment.