Types of Aid
From scholarships to federal loans to grants for Massachusetts residents, the Boston Architectural College offers a number of ways in which we can help you to finance your BAC education.
Scholarships and Awards
To help make paying for college easier, the BAC offers students many different options for scholarships, honors, and awards.
Loans
The Boston Architectural College's two year cohort default rate on Direct Loans is 7.1% which is below the national average of 9.1%.
Need-based loan awarded to undergraduate students with financial need, as determined by the FAFSA. The interest on the Subsidized Stafford Loan is paid for by the U.S. Government while a student is enrolled at least part-time in a degree-granting program.
Awarded to undergraduate and graduate students. Interest on the Unsubsidized Stafford Loan accrues regardless of a student’s enrollment in a degree-bearing program. The accrued interest is added to the principal balance if the student chooses not to pay it on a monthly basis.
Available to parents of dependent students, as well as graduate students. Approval of the Federal Direct PLUS Loans is based on the borrower's credit. The Federal Direct PLUS loan is an unsubsidized loan, therefore interest will start accruing once the first disbursement is made onto the students account.
Grants
The Pell Grant provides awards to eligible undergraduate students with the greatest financial need as determined by the FAFSA. Eligible students who are less than full-time may be able to receive a prorated Federal Pell Grant based on their enrollment. Learn more
FSEOG is a federally funded program awarded to eligible undergraduate dependent and independent students with the greatest financial need as determined by the FAFSA. Funsd are limited, therefore first consideration is given to those students who complete the FAFSA by the April 15 priority deadline. Learn more
- MASSGrant: for undergraduate students with exceptional financial need. Students must be enrolled in at least 12 credits per semester in order to be eligible for a MASSGrant. Only Massachusetts legal residents are qualified to receive the MASSGrant. The priority deadline for the MASSGrant is May 1.
- Part-Time Grants: for undergraduate students with exceptional financial need who are enrolled in at least 6 credits and less than 12 credits each semester. The availability of Part-Time Grant funding is limited. Awards are generally made to those students who completed their FAFSA by the state priority deadline.
- Massachusetts Gilbert Grants: for dependent undergraduate students with exceptional financial need. Students must be enrolled in at least 12 credits per semester in order to be eligible for this grant. First consideration will be given to those students who meet the BAC scholarship deadline.
Federal Work-Study (FWS) Program
The Federal Work-Study (FWS) initiative is designed to provide eligible students with part-time employment. Participating students benefit by enhancing their resumes, obtaining references, fostering connections within BAC’s community, and earning additional funds to cover expenses while pursuing their education.
Other Aid
Eligible students can receive VA benefits for all BAC undergraduate, graduate, and certificate programs. The BAC also participates in the Yellow Ribbon Program.
Private loans are available to assist students with their educational expenses after federal and/or state financial aid. Eligibility for a private loan is based on the private lender's criteria. In most cases, a co-signer is required. The interest rate and repayment options vary according to the lender. Students do not have to complete a FAFSA to apply for private loans, but we recommend applying for federal and/or state financial aid first. Suggested lenders and information can be found on ELM Select. Students are not limited to the suggested lenders and can use any lender of the student's choice.