HOW TO APPLY FOR FINANCIAL AID
To apply for financial aid, you must complete both the NBSS financial aid application and a Free Application for Federal Student Aid (FAFSA). If additional documents are required, the financial aid office will contact you after we have received your NBSS financial aid application and FAFSA results. Financial aid consideration cannot be completed until all requested documents have been provided.
Download an NBSS financial aid application here (PDF).
To complete the FAFSA application please go to www.fafsa.gov
The NBSS FAFSA school code is: 015527
To complete a FAFSA, make changes to an existing FAFSA, or renew your FAFSA for a new academic year you will login using your FSA ID. The FSA ID, which consists of a username and password, replaced the PIN as of May 2015.
For assistance completing your FAFSA, or with the FAFSA website, please call: 800-433-3243
Important note when completing the FAFSA form
When answering this question on the FAFSA form "When you begin the 2015-2016 school year, what will be your grade level?" Please answer this question according to your year of enrollment at NBSS. Note that enrollment at North Bennet Street School (NBSS) is considered undergraduate enrollment, whether or not you already posses a bachelor’s degree.
- First year students please select: Never attended college/1st year or attended college before/1st year.
- Second year students (BB, CFM, JM, PC, VM) please select: 2nd yr./sophomore
- Third year students (violin only) please select: 3rd yr./junior
Although Advanced Piano Technology (APT) students have typically matriculated through the Basic Piano Technology program, APT is a separate one-year program. Therefore, APT students should answer this question as first year students. Please contact the financial aid office if you have questions about your FAFSA grade level at NBSS.
DATES AND DEADLINES
For September enrollment, the Financial Aid Office encourages all students to submit their financial aid application by April 1st. Because our institutional funds are limited, this guideline affords applicants the best opportunity to receive need based grants and scholarships through NBSS. Meeting the April 1st submission guideline, however, does not guarantee an NBSS grant or scholarship because our institutional funds are limited. For students joining a program with a February start date, the suggested application date is September 1st. As with September enrollment, awards for February will be made as applications are received and available funds allow. Consideration for NBSS grants and scholarships will be given to applications received after the suggested submission dates based on available funds.
For Massachusetts residents: FAFSA applications must be completed by May 1 to determine MassGrant eligibility for the next school year. For more information on the MassGrant, please go to:
Financial aid may be awarded at anytime during a student’s enrollment period. However, because additional information may be required to complete a financial aid application, students are encouraged to apply no later than one month prior to the end of their enrollment period, or May 3, 2016 for the 2015-2016 school year. If you have not yet applied for financial aid and wish to do so, or if you are concerned about the status of a previously submitted financial aid application, please contact the financial aid office as soon as possible.
Financial aid is awarded for one year only. New FAFSA and NBSS financial aid applications must be completed for each year of enrollment to be considered for financial aid for that academic year.
GRANTS AND SCHOLARSHIPS
NBSS scholarships range between $1000 and $6,000. These one-year awards are based on financial need, as determined by the FAFSA. If you submit a FAFSA and an NBSS financial-aid application, you will be considered for an NBSS scholarship.
Federal Pell Grants and MassGrants
The Federal Pell Grants and the MassGrants for Massachusetts residents are also based on your FAFSA results. For students with a calculated EFC (Expected Family Contribution) up to $5,198, Pell grants range from $626 to $5,775. For more information on the Pell Grant, please visit:http://studentaid.ed.gov/PORTALSWebApp/students/english/PellGrants.jsp?tab=funding
We encourage you to pursue private scholarship awards. Although an investment of your time is required to pursue private scholarships, they can be valuable components of your educational financing plan. Many resources exist for identifying and applying for private scholarships on both the local and national level, including high schools and local libraries, employment and community organizations, and parents' places of employment. Today, the Internet is one of the best resources for identifying and applying for private scholarships, however, we caution you to be wary of fee based scholarship search services (they are rarely more effective than your own search).
It is common for students to wonder how private scholarship support impacts financial aid awards. In most cases, private scholarships are added to your financial aid package, and do not result in a reduction of existing financial aid. The rare adjustment in need-based aid is required only if the total need-based aid awarded exceeds calculated need. Self-help aid, such as student loans, will be reduced before adjusting the grant portion of your financial package. In all cases, total awards cannot exceed the calculated annual costs related to your education.
Notification letters from private scholarship donors should be submitted to: NBSS Office of Financial Aid, 150 North St., Boston MA 02109
Federal and state student loan programs are described below. They include Federal Direct Stafford Loans (subsidized and unsubsidized) and The Massachusetts No Interest Loan (MNIL).
Federal Direct Stafford Loans
Federal Direct Stafford Loans are awarded to NBSS students at the amounts and rates of the undergraduate loan program. Subsidized loans are available to students demonstrating financial need as determined by the FAFSA application. Unsubsidized loans are available to those students who do not qualify for need-based loans. Direct Loan amounts have been established by the United States Department of Education (DOE) at the following levels
Direct Stafford Loan
* applies to violin students only
For financial aid purposes, students are considered dependent until the age of 24, unless they meet certain other criteria. If you are under the age of 24, you can determine your dependency status by visiting the FAFSA website.
Direct Stafford Loan terms and conditions
The terms and conditions of Federal Stafford loans are set by the federal government. Current Direct Loan interest rates and fees are as follows:
2015-2016 Academic Year:
Undergraduate Subsidized: 4.29% interest rate, 1.073% origination fee
Undergraduate Unsubsidized: 4.29% interest rate, 1.073% origination fee
2014-2015 Academic Year:
2013-2014 Academic Year:
Undergraduate Subsidized: 3.86% interest rate, 1.051% origination fee
Undergraduate Unsubsidized: 3.86% interest rate, 1.051% origination fee
Undergraduate Subsidized: 4.66% interest rate, 1.072% origination fee
Undergraduate Unsubsidized: 4.66% interest rate, 1.072% origination fee
Interest payments: The Federal government pays the accruing interest on a subsidized loan during your in-school, deferment, and grace periods. The interest that accrues on unsubsidized loans during these periods is the responsibility of the borrower. Borrowers may choose to make voluntary interest payments while in school to reduce the overall cost of the loan or defer the interest payments until they enter repayment. Interest will be billed quarterly, and we recommend that unsubsidized borrowers pay the interest at this time. Otherwise, unpaid interest on unsubsidized loans will be capitalized (added to the principal balance) at the end of the grace period.
For more information Direct Loan terms and conditions, and eligibility, please visit:http://studentaid.ed.gov/PORTALSWebApp/students/english/studentloans.jsp
The steps to completing the Direct Stafford Loan process
All first time student loan borrowers at NBSS, must complete a Direct Loan Master Promissory Note (MPN) as well as student loan entrance counseling before student loan funds can be disbursed. Below you will find instructions for completing your Direct Loan MPN and entrance interview.
Step 1 - Complete the Master Promissory Note
If you have not previously borrowed a Federal Direct Stafford Loan, or if you have not borrowed within the last ten years, you must complete a Master Promissory Note (MPN). The MPN is an agreement between you and the federal government that you understand your responsibilities as a Federal Direct Stafford Loan borrower.
To complete your MPN on-line, please go to the following website:http://www.studentloans.gov/ and sign in using your FSA ID. Upon signing in, you will see the “Welcome to StudentLoans.gov” page. On that page, please select “Complete Master Promissory Note.” Then select your loan type, which is “Subsidized/Unsubsidized.”
The entire MPN process must be completed in a single session, so be sure you have enough time before you start. Each MPN generally takes approximately 30 minutes to complete.
Step 2 - Complete Loan Entrance Counseling
If you have not previously borrowed a Federal Direct Stafford Loan at North Bennet Street School, you must also complete Direct Loan Entrance Counseling, which explains your rights and responsibilities as a Federal Direct Loan borrower.
To complete your entrance counseling on-line, please go to the following website:http://www.studentloans.gov/ and sign in using your FSA ID. Upon signing in, you will see the “Welcome to StudentLoans.gov” page. On that page, please select “Complete Entrance Counseling.” On the next page, select “Complete Entrance Counseling” again, and then select counseling as an undergraduate student. It should take 20 to 30 minutes to complete the entrance counseling session.
For assistance completing your Direct Loan MPN or entrance counseling on-line, please contact the DOE Applicant Services help desk at 800-557-7394. Your student loans cannot be disbursed until you have completed your entrance requirements.
Direct Stafford Loan Exit Counseling
Prior to graduating or leaving school, direct loan borrowers must complete Exit Counseling. Direct Loan (DL) exit counseling will explain your rights and responsibilities as a Direct Loan borrower. To complete your exit counseling on-line, please go to the following website: http://www.studentloans.gov/ and sign in using your FSA ID.
Upon signing in, you will see the “Welcome to StudentLoans.gov” page. On that page, place your cursor on the “Tools and Resources” button found on the toolbar at the top of the page and select “Exit Counseling” from the drop down menu that appears. Upon selecting exit counseling, you will be directed to the National Student Loan Data System (NSLDS) student access page. Once on the NSLDS student access page, click “Exit Counseling” at the bottom of the page and follow the steps to complete your exit counseling. For assistance completing your DL exit counseling on-line, please contact the DOE Applicant Services help desk at 800-557-7394. The NBSS Financial Aid Office will be notified that you have completed your exit counseling.
The Massachusetts No Interest Loan
The Massachusetts No Interest Loan (MNIL) is available to qualified Massachusetts residents up to $4,000 annually. The NBSS office of financial aid will notify you if you are eligible for the MNIL. For more information on MNIL eligibility please visit:http://www.osfa.mass.edu/default.asp?page=nil.
THE FEDERAL DIRECT PARENT PLUS LOAN
Under the Federal Direct Parent Plus Loan program, parents of dependent students may borrow up to the difference between the annual cost of attendance and any other financial aid received. The NBSS Financial Aid Office will anticipate parent Plus Loan eligibility for dependent students. However, this eligibility is dependent upon credit approval by the Direct Loan Servicing Center. For assistance with a credit decision, please contact the Direct Loan Servicing Center at 800-848-0979, or visit:https://www.dl.ed.gov/borrower/BorrowerWelcomePage.jsp
If the parent of a dependent student is denied a Plus loan for any reason, the student will become eligible to receive Direct Stafford Loans as an independent student. The interest rate on new Plus Loans is currently fixed at 6.84%. The rate is set every July 1st, for the upcoming year. An origination fee of 4.292% applies to all Parent Plus loans originating after July 1st, 2015.
Plus Loan terms and conditions
Repayment begins 60 days after the funds are fully disbursed, and the repayment term is up to 10 years. Parents have the option to defer payments on the Parent PLUS loan while the undergraduate student on whose behalf they borrowed the PLUS loan is in-school and for a six-month grace period after the student graduates or drops below full-time enrollment. (Payments can also be deferred if the parents are themselves enrolled in college. They will need to submit an application for an in-school deferment.) Since the interest on the PLUS loan is not subsidized, it continues to accrue while deferred and is capitalized when the loan enters repayment. To request Parent PLUS Loan deferment, please call the Direct Loan Servicing Center at 800-557-7394.
Request a Parent PLUS Loan
To request a Parent Plus loan, please complete the “Federal Direct Parent PLUS Loan Pre-Approval Request Form” and return it to the NBSS Office of Financial Aid. We will include this form with your child’s financial aid award packet. It is also available for download on the financial aid page of the NBSS website at: www.nbss.edu. If preferred, you may submit your Plus loan application directly to the U.S. Department of Education (DOE) by following the instructions included in the above form or by visiting www.studentloans.gov.
All first time Parent PLUS Loan borrowers at North Bennet Street School must complete a Plus loan Master Promissory Note (MPN) in order to receive their loan. Your parent can complete the Plus loan MPN by signing into the www.studentloans.gov website using their FSA ID. Upon signing in, your parent should select “Complete Master Promissory Note,” then select their loan type, which is “Parent PLUS.”
For assistance completing the Plus loan MPN, please contact the DOE Applicant Services help desk at 800-557-7394.
The North Bennet Street School Office of Financial Aid is happy to work with students seeking alternative financing up to the cost of attendance. For more information on alternative financing, or processing an alternative loan, please contact the Financial Aid Office at 617-227-0155 ext. 115, or email@example.com.
International students attend NBSS on the M-1 student visa issued by the United States Department of Citizenship and Immigration Services (USCIS). The NBSS Financial Aid Office will assist international students seeking the M-1 Visa by certifying the International Student Certificate of Finances (certificate of finances) Form and the USCIS Form I-20.
The Certificate of Finances form is used to confirm your ability to meet the educational expenses of your program at NBSS, and is required to qualify for the M-1 student visa. Please download the Certificate of Finances form for your program by clicking on the PDF link provided below. Please return the completed form to the NBSS Financial Aid Office at 150 North Street, Boston, MA 02109. At that time, the Financial Aid Office will certify the form and use it to create a USCIS form I-20 form for you. Both the certificate of finances and the form I-20 will be returned to you for use with your visa application.
Certificate of Finances forms by program
Cabinet & Furniture Making
Jewelry Making & Repair
Locksmithing & Security Technology
Basic Piano Technology
Advanced Piano Technology
Violin Making & Repair
For more information on the visa application process, please contact the USCIS service center at 800-375-5283.
To contact the NBSS Admissions or Financial Aid offices, please call 617-227-0155 or email firstname.lastname@example.org and/or email@example.com.
The M-1 student visa is valid for a maximum of twelve months at a time. If you are attending a two or three year program at NBSS, you will need to request a program extension for each year of enrollment. The NBSS Financial Aid Office can request your program extension on-line not more than 60 days from your program end date, and not less than 15 days from your program end date. For the 2016-2017 school year this window of opportunity corresponds to the following dates for all programs except Violin Making and Repair: Monday, April 3, 2017 through Thursday, May 18, 2017. For the Violin Making and Repair program, the dates are: Monday, May 1, 2017 through Thursday, June 15, 2017. Please come to the NBSS Financial Aid Office during this time period to request program extension of your visa. At that time, the Financial Aid Office will provide you with a new I-20 form. Students must submit the updated I-20 form, along with a completed form I-539, and a check for $290 to the USCIS to complete their request for program extension.
For more information on program extension, please contact the NBSS Financial Aid Office, or the USCIS service center at 800-375-5283.
Optional Practical Training
NBSS with an M-1 visa may wish to apply for Optional Practical Training (OPT) upon the conclusion of their academic program. OPT allows students to work in the United States for a qualified period of time following the conclusion of their academic program. The NBSS Financial Aid Office can request your OPT extension on-line not more than 90 days from your program end date, and not less than 15 days from your program end date. For the 2016-2017 school year this window of opportunity corresponds to the following dates for all programs except Violin Making and Repair: Saturday, March 4, 2017 through Thursday, May 18, 2017. For the Violin Making and Repair program, the dates are: Saturday, April 1, 2017 through Thursday, June 15, 2017. Please come to the NBSS Financial Aid Office during this time period to request an OPT extension of your visa. At that time, the Financial Aid Office will provide you with a new I-20 form. Students must submit the updated I-20 form, along with a completed I-539 form and a completed I-765 form, and a check for $670 to the USCIS to complete their request for OPT (the fee for the I-539 is $290 and the fee for the I-765 is $380).
For more information on OPT, please contact the NBSS Financial Aid Office, or the USCIS service center at 800-375-5283. For instructions on completing form I-539 and to download the form, please go to the following USCIS website. For instructions on completing form I-765 and to download the form, please go to the following USCISwebsite.
Special information for students from Canada
Canadian citizens may qualify for student financial aid through their home province to study at NBSS. Please visit the Canadian government's CanLearn website at
to learn about student loans and grants, and to see if NBSS is an approved institution in your province. The NBSS CanLearn school code is MPTU.
All full-time courses at North Bennet Street School qualify for veterans’ educational benefits through the Montgomery G.I. Bill, Chapter 30 and the Post-9/11 G.I. Bill, Chapter 33. To begin receiving your benefits, please forward a copy of your Veterans Administration (VA) Certificate of Eligibility to the NBSS Financial Aid Office. To apply for veterans education benefits, please complete the VONAPP (Veterans On-line Application), or call the VA at 888-442-4551.