Repayment of Massachusetts Funds

Repayment/Refund Policy

The amount of aid earned during the term before you withdrew is calculated by applying the federal formula for the return of Title IV funds:

• If you received federal Title IV aid this term, the percentage of Massachusetts aid earned matches that of Title IV aid.
• If you didn't receive Title IV funds, the College applies the federal formula for the return of Title IV funds to determine the percentage of Massachusetts aid earned.

The following are then applied to your tuition fees:

• The amount of state and federal aid earned (see above).
• All other sources of financial aid.
• All scheduled cash payments.
• The unearned portion of state financial aid.

The result is your remaining unpaid balance of tuition charges and mandatory fees.

Note: Cambridge College cannot make unauthorized post-withdrawal awards or disbursement of state financial aid to cover this balance.

Your Disbursement or Repayment Owed

• If the remaining balance equals or exceeds unearned state aid, a student can 'earn' additional state aid equal to 100% of unearned state aid.
• If unearned state aid surpasses the unpaid balance, additional earned state aid must equal the remaining balance value.

You'll receive a bill for outstanding amounts owed to Massachusetts financial aid programs and Cambridge College, stemming from the return of Massachusetts funds covering College charges.

Massachusetts Financial Aid Programs

Cambridge College will return any remaining unearned state aid to Massachusetts financial aid programs as law requires.

• Tuition waiver (need-based and categorical)
• Massachusetts No Interest Loan
• Tomorrow’s Teachers Scholarship
• Commonwealth Futures Grant
• General Scholarship (Mass Grant)
• Performance Bonus
• Christian Herter Memorial Scholarship
• Gilbert Grant
• Public Service Scholarship
• Cash Grant (Access Grant Scholarship)
• Part-Time Grant

Learn More About Financial Aid

Excess Funds

Per federal regulations, excess funds from federal financial aid, over and above current charges, cannot be held without written authorization from the student.