Types of Aid
Extended Payment Plan
Under this plan, the full tuition may be equally divided and paid in five equal payments as specified in the registration materials. The application for the extended payment plan is provided with the registration materials and should be submitted with the registration form. The student submits five post-dated checks representing the five calculated payments. There is a $75.00 fee for this service, paid at the time of registration.
A limited number of on-campus assistantships are available and granted on the basis of need and the ability to perform the tasks of a specific assistantship. Under special circumstances, an assistantship may be given to a student with a skill useful to the operation of the school. Generally, assistantships are not available to first year students. The assistantship is considered a loan and un-worked hours will be billed to the students account. Please contact the Dean, Dr. Lynn Perlman, and the Director of Financial Aid, Ms. Stephanie Woolbert, for more information.
Students are encouraged to seek outside scholarships. The following websites have information for students looking for help to finance their education.
BGSP need-based scholarships are sometimes available. A need-based scholarship is granted on the basis of financial need. To determine financial need, BGSP uses the Expected Family Contribution (EFC) determination from the FAFSA, and subtracts this from your estimated Cost of Attendance for the year.
The Graduate School offers institutional financial support to students who meet certain eligibility criteria. Below are descriptions of the types of financial support offered, and the eligibility requirements:
- Pioneer Scholarship for Social Justice:
Students entering the first class of the M.A. program in Social Justice and Human Rights are eligible for the Pioneer Scholarship for Social Justice. Award amounts will be up to 50% of course tuition, renewable for up to three additional semesters (2 years total). Eligible candidates include students who have applied and been accepted into the MA in Social Justice and Human Rights program at BGSP who plan to begin enrollment during the 2017-18 academic year. Scholarship application deadline is August 15th for Fall 2017 and January 16th for Spring 2018. Click here for a copy of BGSP’s Application for Institutional Financial Aid. Please contact firstname.lastname@example.org or 617-277-3915 with any questions.
- Tuition Support for Advanced Candidates:
For students in the Doctor of Psychoanalysis program who have completed their Level B coursework, passed their clinical presentation, and received approval from the Dean. Eligible students receive a 50% discount on the per-credit course rate, for courses only (not Directed Research, supervision, Therapy Center fees, or other fees).
- School-Based Program:
BGSP School-Based Interns have tuition waived for the EX 214 supervision.
- Therapy Center Fee Support:
For students accepted as Therapy Center Fellows. Eligible students receive waiver of the Therapy Center semester fee. Awards will be verified each semester with the Director of the Therapy Center.
- Faculty Family Member Scholarship:
For students who are children of a faculty member at BGSP. Eligible students receive an 80% discount (if faculty service is greater than 5 years) or 50% discount (if faculty service is less than 5 years) on the per-credit course rate, for courses only (not Directed Research, Supervision, Therapy Center fees, or other fees).
- BGSP Employees:
For part- or full-time BGSP employees who decide to enroll. This does not include students who hold on-campus assistantships. Employees may be offered tuition support as part of their salary or benefits. Awards will be verified each semester with the Controller.
Federal Student Loans
BGSP students are eligible to apply for Title IV Federal Student Loans through the William D. Ford Direct Loan Program (Direct Loans). See the eligibility section below for full eligibility rules. Under the Direct Loan Program, students borrow loan funds directly from the US Department of Education. Students may apply for loans in the Stafford Loan Program and/or the Graduate PLUS Loan Program. The Stafford Loan Program carries a lower interest rate and it is recommended that students exhaust their Stafford Loan eligibility before borrowing in the Graduate PLUS Loan Program. Both programs carry a fixed interest rate. The interest rates as of July 1, 2016 are listed below for the 2016-17 award year.
As of the 2015-16 academic year, the average student loan debt for those graduates who borrow is $85,752. For more information on tuition and fees, click here. Cost of Attendance information is available here for students to help determine their yearly costs, including living expenses, while attending BGSP.
- Stafford Loan Program (5.31% fixed interest rate)
- Annual limit of $20,500 unsubsidized (you pay all the interest, although you can have the payments deferred until after graduation). Aggregate loan limit is $138,500.00 for graduate students.
- You may pay interest-only while in school (to avoid compounded interest). You may make a payment at any time without penalty.
- You may defer repayment until 6 months after graduation.
- Graduate PLUS Loan Program (6.31% fixed interest rate)
- Does not affect your aggregate loan limit.
- You may pay interest-only while in school, or may make a payment at any time without penalty.
- Goes into immediate repayment unless the student defers repayment until after graduation.
- Additional eligibility information: A credit check is required, and only credit-worthy students will be approved. Students may have a US citizen co-sign the loan.
- U.S. citizen or eligible non-citizen (i.e. non-resident alien, citizen of U.S. Territory)
- Enrolled in an eligible program. All degree programs at BGSP are eligible.
- Registered at least half-time (4+ credits, 6+ credits for counseling students). Students that have completed all coursework and are working on their thesis or final paper are considered half time if they are registered for at least 2 credits of directed research. For financial aid purposes only, the limit for directed research only status is 3 semesters for Master's students and 8 semesters for Certificate and Doctoral students (actual time to finish paper may be longer or shorter).
- Good academic standing (Satisfactory Academic Progress): Students are required to make Satisfactory Academic Progress in their program of study to maintain eligibility for Federal Student Aid. To achieve this, students must be in good academic standing, meaning they are progressing through the program, earning passing grades and making up any incomplete grades by the deadline. Students are considered to have fallen out of good academic standing if they are not progressing at the minimum completion pace of 67% or if they are placed on probation. For information about the criteria for being placed on probation, please refer to the Student Handbook. Students that do not meet this requirement are not eligible to receive financial aid and may go into repayment until they are once again in good standing.
- Completing the program within the financial aid time limit: Students are required to complete the program within 1½ times the published program length.
Private Education Loans
In addition to federal student loans, private student loans are also available. BGSP does not maintain preferred lender agreements with any private education lender. When researching your loan options, we recommend that you exhaust any US Federal Student Aid eligibility first. Generally, the terms for Federal Student Loans are more favorable than private loans. Additionally, you are strongly encouraged to compare and understand all repayment conditions before applying for a private education loan. Here are some components to consider when choosing a loan product:
- Fees: Does the lender pay all or a portion of the loan origination fees? The default fee (guarantor fee)?
- Benefits during repayment: Does the lender provide an interest rate deduction for scheduling automatic payments? Is there any benefit for making consecutive on time payments?
- Customer service: Who will be servicing your loan when it goes into repayment (i.e. who will you be making payments to)? Is there a toll free customer service number? Will all of your loans be combined into one monthly bill? Is there an online interface?
- Convenience: Do you already have loans with a particular lender?
Veterans Education Benefits
The Brookline campus is approved by the Department of Veteran’s Affairs for students to claim their Veteran’s Education Benefits.
For more information, please click the links below or contact the Financial Aid Office.