Northeastern University

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Student Financial Services

College of Professional Studies Students

New to CPS?  Check out our CPS Financing Brochure!

Federal Aid Eligibility

Students in the College of Professional Studies must meet the following criteria to be eligible for federal financial aid:

  • be citizens or eligible non-citizens of the United States,
  • be matriculated in a degree-granting program,
  • have received their high school diploma or G.E.D.,
  • be registered with Selective Service if required,
  • not be convicted of a drug related crime in the last year,
  • not be in default from previous student loans,
  • maintain satisfactory academic progress, and
  • be enrolled in at least 6 quarter hours per term for federal loans.

How to Apply

Students must complete and file the Free Application for Federal Student Aid (FAFSA). Northeastern’s FAFSA school code is 002199. Full time students who are Massachusetts residents and are interested in the MASSGrant need to apply by May 1.

Awarding Timelines

The financial aid process for the 13-14 academic year (summer 2013 - spring 2014) will begin in June.  Returning and new students admitted to summer 2013 will begin to be contacted mid-June with their award information. New students admitted to the fall 2013 quarter will be awarded in July.  After the awarding process has begun for the 13-14 year, students will be awarded 1-2 weeks after we have received all required financial aid application materials.

Award Notifications

Starting in summer 2013, award notifications will be sent to students electronically. Returning students will be sent an email to their address. New students will be contacted at the email address provided on their admissions application. Students should pay particular attention to the number of credits listed in the notification email. If you have been awarded financial aid based on an enrollment status that is different from your actual enrollment, it is your responsibility to contact the Office of Student Financial Services to update the discrepancy. Failure to do so may result in a decrease or complete refund of your financial aid during an academic term. For more information about award notifications, please click here.


The office of Student Financial Services does not provide institutional scholarship assistance for students in the College of Professional Studies. CPS students should visit the CPS scholarship website for information on applying for scholarships.

Undergraduate Student Federal Grants

Eligibility for federal grant aid is based on financial need as determined by the information on the FAFSA.

Federal Loans

All students who complete a FAFSA are awarded an unsubsidized Federal Stafford Loan. Eligibility for a need-based subsidized Stafford Loan is determined by the information on the FAFSA. Students must be registered at least 6 credits in a term to be eligible for a federal loan. Additionally, a minimum of 6 credits must count towards their current degree for students to be eligible for a federal loan.  

Supplemental Loans

For those who qualify, there are federal, state and private educational loan programs which can be used to finance costs in excess of your awarded financial aid.

Satisfactory Academic Progress

Federal law requires that all students who receive financial aid have their records reviewed at least once a year to ensure that they are making satisfactory academic progress. Northeastern University is required to conduct a Qualitative and a Quantitative review of students’ records.  For the Qualitative review, satisfactory academic progress is defined as maintaining a minimum cumulative grade point average (GPA) of 2.0 or better for Undergraduate and 3.0 for Graduate students. Additionally, Student Financial Services measures students’ Quantitative standards by reviewing completed credits as a percentage of their attempted credits after each academic year.  Transfer credits earned by students from other institutions and accepted by Northeastern University are included in the determination of a student’s percentage of completed classes.

Frequently Asked Questions

  • For frequently asked questions, click here.

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