For Online Students

General Financial Aid Information

For the Nursing@Simmons, SW@Simmons, and Enterprise@Simmons online programs, we process financial aid on what is called a Borrower-Based Academic Year (BBAY). This means that a financial aid year for the online programs equals two terms.

To be eligible for federal financial aid, you must meet all these requirements:

  • You must have been accepted to a degree-seeking program
  • You are enrolled at least half-time per semester as defined by the Office of the Registrar, which means taking a minimum of 5 credits per term
  • You must not be in default on a Federal Direct Stafford, PLUS, or Perkins Loan or need to pay a federal grant overpayment
  • You are a U.S. citizen or eligible non-citizen
  • You are within your aggregate limit of Direct Stafford Loan borrowing. The aggregate a graduate student can receive is $138,500 in the Direct Stafford Loan.

As a graduate student, you may qualify for up to $20,500 in the Direct Unsubsidized Stafford Loan per borrower-based year through the federal government. This amount would be split in half between two terms at $10,250 per term.

Essentially, whether you are on the full-time or part-time track, you should be eligible for up to $10,250 per term in the Direct Unsubsidized Stafford Loan.

How to Apply

To apply for federal aid, you must complete the following every two terms:

The FAFSA is completed online at The school code for Simmons College is 002208.

*Note: You must include your SSN or alien registration number on your application for admission in order for Simmons to receive your FAFSA. If you did not include it in your application, please contact our front desk by phone at 617-521-2001 to verbally provide your SNN or securely send us a copy of your SSN card.

Bridge Students in Nursing@Simmons (not applicable to Enterprise or SW Programs)

Please note that if you are required to take the 2-credit Biology course before starting the Nursing@Simmons program, you will be considered in the Bridge term. For this particular term, because you will be taking 2 credits, you will not meet the half-time enrollment requirement and therefore you will not eligible for federal aid. For Bridge students, financing options include setting up a payment plan or alternative loans (i.e. private loans).

Veterans Benefits

If you qualify for educational benefits through the Veterans Affairs Office, visit this section of our website for more information.


The Office of Student Financial Services encourages financial aid applicants to explore all possible sources of assistance. To find out about outside scholarships, visit this useful page of our website:

NOTE: We strongly advise you NOT to pay any scholarship search firm. It is more than likely that if an organization is asking for a payment to help you search for scholarships, they are not providing a legitimate service.