Financial aid for students

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Financial Aid for Students

Financial aid for student programs

Assistance from knowledgeable and proactive staff

NGS financial aid staff actively assists students with financial strategies for achieving an online* degree or certificate. NGS staff can guide you in fully utilizing your tuition assistance, veteran’s benefits and corporate reimbursement programs. Call NGS now to speak to a financial aid counselor or email the Financial Aid Office today. Don’t Wait!

Students benefit by applying for financial aid early

Even before you apply to grad school, you can apply for financial aid. You could begin your studies with no out of pocket expenses. Calculate your cost of attendance. (note this is an excel worksheet)

Federal Stafford Student Loan(s)

NGS is proud to offer, to those students who qualify, the Federal Stafford Loan Program for the DBAQSM, MSQSM, and BSQSM programs. Stafford loans are not available to Massachusetts residents for the BS, DBA, and NGS online degree programs. Please note that Stafford loans, both subsidized and unsubsidized, have an origination fee of 0.01072%  of the principal amount of the loan.

Award Year 2013-2014

The following applies for the DBA and Master’s students for 2013-2014:

Unubsidized:      Maximum award is $20,500 (if you qualify)
Fixed interest rate of 5.41% – interest is charged from the date the loan is disbursed
Up to 10 years to repay the loan under the standard repayment plan
No prepayment penalties

The following applies to the BS Degree Completion Program students (there are two portions to this loan for a total of $12,500 with no more than $5,500 of this amount in subsidized loans (based on need):

Subsidized:           Maximum award is $5,500 (if you qualify)
Fixed interest rate of 3.86% – interest is paid by the Department of Education while you are in-school at least half-time; if you drop below half-time you then will be charged interest
Up to 10 years to repay the loan under the standard repayment plan
No prepayment penalties

Unsubsidized:     Maximum award is $7,000 (if you qualify)
Fixed interest rate of 3.86% – interest is charged from the date the loan is disbursed
Up to 10 years to repay the loan under the standard repayment plan
No prepayment penalties

The DBA and the MS loan programs are at a fixed interest rate of 5.41%.  These loans have a maximum award of $20,500 per academic year to Graduate students.  Expected amount of debt upon graduation for a DBA student after the two year program is approximately $43,350.36 with an estimated 10-year standard monthly payment of $468.53 for students borrowing the full amount of the loan of ($20,500) per year for two years.  Expected amount of debt upon graduation for a MS student after the one year program is approximately $21,105.69 with an estimated 10-year standard monthly payment of $228.11 for students borrowing the full amount of the loan of ($20,500) for the one year program.

The unsubsidized portion of the BS Degree Completion Program is at a fixed interest rate of 3.86%.  The subsidized portion of the BS Degree Completion Program is at a fixed interest rate of 3.86% for academic year 2013-2014.  The undergraduate loans have a maximum award limit of $12,500 per academic year for the BS Degree Completion Program students.  Expected amount of debt upon graduation for a BS Degree Completion Program student after the one year program is approximately $12,762.89 with an estimated 10-year standard monthly payment of $128.37 for students borrowing the full amount of the loan of ($12,500) for the one year program.

Federal Stafford Loans are automatically placed in the standard 10-year repayment plan but there are repayment plan options for income-based or contingent, graduate, or extended repayment up to 25 years.  Students receiving federal loan money are responsible for the terms and conditions of the loan.  NGS will notify the lender when a student ceases to make satisfactory progress, when there is a change to less than half time enrollment, or when a student withdraws from the program.

For more information, visit our website at http://ngs.edu or contact Lisa Melchiorri at 800-838-2580 Ext #166; e-mail financialaid@ngs.edu.

Applying is free

The Free Application for Federal Student Aid (FAFSA) is your key to initiating the loan process. The FAFSA is used by the government to determine your eligibility and EFC (Expected Family Contribution) for these loans. To start the loan process, click on the links below to download and print a step-by-step instructions page and two additional forms that are required to be submitted as originals:

  1. www.studentloans.gov
  2. Apply for PIN
  3. Complete FAFSA
  4. Complete Online Entrance Counseling
  5. Wait 24 hours after receiving PIN number and complete the Master Promissory Note
  6. Complete Verification Worksheet

Online counseling

The entrance/exit counseling is meant to educate the borrower on the lending process. Please complete your required entrance and exit counseling online for your Stafford loan.

NGS is a Military-Friendly School

Tuition assistance for Government and military personnel

The Armed Forces Tuition Assistance (TA) Program is a benefit paid to eligible members of the Army, Navy, Marines, Air Force, and Coast Guard. Congress has given each service the ability to pay up to 100% for the Tuition Expenses of its members. Each branch of the Service has its own criteria for eligibility, obligated service, application process and restrictions. This money is usually paid directly to the institution by the individual service. Although the program is one year, military students typically are eligible for up to two fiscal years of reimbursement.

Additionally, active duty members may elect to use the MGIB “Top-Up” in addition to their service provided TA to cover high cost courses.

TA is not a loan; it should be seen as money you have earned just like your base pay! When combined with a Stafford Loan, you could start the graduate program with no out-of-pocket expenses. Call to talk to a Financial Aid Officer today.

Interested students should meet with their local Education Service Officer to determine their benefit. In some cases job training funds may be applied. It is the responsibility of the student to obtain the appropriate tuition assistance forms and send them to Michelle Disher (bursar@ngs.edu) at the Bursar’s office:

Michelle Disher
The National Graduate School
500 Victory Road, 2nd Floor
North Quincy, MA 02171
Phone: (800) 838-2580 x509
Fax: (617) 847-6316

The Bursar’s Office will invoice the government once the approved TA form is submitted. The student is responsible for submitting his/her grades to their education office.

Veterans benefits

NGS programs approved for Veteran’s Benefits/GI Bill are available.  Contact the NGS Certifying Officials/Campus Directors listed below or Maureen Reardon at VABenefits@ngs.edu or 800-838-2580×111 for information on the approval status of your class location and specific NGS programs approved for your class location.

Veterans are held to the same academic standards as non-veteran students and to all policies contained within the Handbook, including those standards of conduct, academic progress and attendance. NGS will notify the DVA when a veteran ceases to make satisfactory progress, when there is a change to less than half time enrollment, or when a veteran withdraws from the program.

Students receiving Veteran Educational Benefits do not have the “option” of having prior credit reviewed.  All previous education and training must be provided to the school for review.  This will include all credits from postsecondary institutions and military credits.

Applying for Veterans benefits

Eligible students should contact their local Veterans Administration Educational Benefits Representative to determine their eligibility.  Under the Post 9/11 and if eligible the Montgomery GI Bill (MGIB), the Army, Navy, Air Force, Marine Corps, United States Coast Guard, their reserves and the National Guard provide up to 36 months of educational benefits to eligible veterans.  If you are receiving Tuition Assistance from your branch of service, you may be eligible to use MGIB to supplement or “Top-Up” your tuition assistance.  For more information to determine your best Veteran benefit and paperwork required for Veterans applications, call 1-888-GIBILL-1 (1-888-442-4551) or log in to the GI Bill Website.  The student must apply (with paper Form 22-1990 or the VONAPP Veterans Online Applications website) and complete the enrollment form. Dependents should complete VA Form 22-5490 or VA Form 22-1990e for Chapter 33 after transfer of benefits has been approved by the Department of Defense.  Once accepted, the VA will physically mail to the student their Certificate of Eligibility (CoE).

Student submission requirements

The student then submits the following to NGS Main Campus Administration (VABenefits@ngs.edu), NGS Certifying Official, or local Campus Director for processing:

  • Certification of Eligibility (CoE)
  • Request which specific courses (or all) to be certified for VA education benefits
  • Report any aid or assistance that is designated for the sole purpose of reducing the student’s tuition and fee cost, such as, any scholarships, grants, Federal, State, or employer-based aid or military tuition assistance (excluding loans and title IV funds)
  • Indication of intent (or not) to attend optional on-site sessions designed to enrich online courses if offered for the chosen degree program and specific course
  • Students who have received VA benefits for enrollment at a previous institution must file a Request for Change of Program or Place of Training (VA Form 22-1995)

Enrollment certification

Once the Certificate of Eligibility and information listed above is received from the student, the VA enrollment certification is completed by the NGS Certifying Official/Campus Director at the following campus locations below.  The NGS Virginia Campus Certifying Official currently serves NGS online cohort Veteran students.  The NGS Certifying Officials also inform the VA of any changes in the student’s enrollment.  Only students fully accepted as degree seeking students/matriculated can be certified for education benefits beyond the second semester.

Student responsibilities

It is the student’s responsibility to continue to make satisfactory progress toward program completion and to notify the institution’s certifying official of any withdrawal, change in enrollment status, or change in place or program of study.  Veteran students should also notify the institution’s certifying officials of any change to address, phone, or email.

Students receiving Chapter 30, 1606, and 1607 must verify their enrollment monthly by Web Automated Verification of Enrollment (WAVE) or by Interactive Voice Response (IVR).  Currently, the monthly verification of enrollment has not been added to WAVE for Chapter 33 and Chapter 35.  WAVE allows students to verify their enrollment on the Internet.  WAVE is on the Education Service website at www.gibill.va.gov/wave/index.do.  Chapter 30, 1606 and 1607 can also use the WAVE system to update address information, report a change in enrollment, view remaining entitlement, etc.

Benefit processing

It is at the Veteran’s Administration’s discretion to adjust your benefit in accord with their certification policy, your eligibility, and remaining entitlement.  Chapter 33 tuition benefits are sent directly to the institution.  MGIB benefits are sent to the students obliging the student to submit invoice payments directly to the School.  The Department of Education recommends Veteran students complete the FAFSA application to qualify for Federal Satafford loan programs to supplement limitations of entitlement (see below for the FAFSA process).

In-Residence vs. distance training defined

Department of Veterans Affairs enrollment certification rules require enrollment to be designated In-Residence verses Distance courses defined as:

In-Residence training for undergraduate students consists of regularly scheduled standard class sessions (at least once every two weeks).  The total number of hours of classroom instruction (based on 50 minutes of instruction per hour) must equal, or be greater than, the number of credit hours awarded for the course multiplied by the number of weeks in the term.  In-Residence training for graduate students consists of at least two regularly scheduled standard class sessions, research (either on or off campus), or a combination of both.  Distance Learning consists of interaction between the student and the instructor (who is physically separated from the student) through the use of communications technology instead of regularly scheduled, conventional classroom or laboratory sessions.  Communications technology includes mail, telephone, audio or videoconferencing, computer technology (on-line internet courses or email), or other electronic means such as one-way and two-way transmissions through open broadcast, closed circuit, cable, microwave, broadband lines, fiber, optics, satellite, or wireless communications devices.

If a course does not meet the VA definition of residence training, it is considered distance training.  This distinction can determine how much housing allowance a student is entitled to receive.

Veteran students should note: there is an official roster where students must sign-in and sign-out when attending optional on-site sessions available to all enrolled program students designed to enrich online courses. It is at the Veteran Administration’s discretion to adjust your benefit in accord with their policy for in-residence certifications.

The School revised policy March 15, 2013 as follows:

NGS will not hold on-site meetings for online students and online courses to facilitate housing allowance benefits for cohorts that launch March/April 2013 and onward. Therefore, Spring 2013 cohort students will not be permitted to attend those meetings (P/911) held for grandfathered members of the student body. Special permissions will not be taken into consideration for individual students with regard to the March/April 2013 cohort cut-off date. NGS will still certify enrollment for March/April 2013 online cohort students and online courses according to regulations for distance learning benefits.  NGS students enrolled in cohorts that launched prior to and including January 2013 will continue to be offered to attend on-site meetings for online students and online courses to facilitate housing allowance benefits. Veteran students should note: there is an official roster where students must sign-in and sign-out for each of these class meetings (P/911). It is at the Veteran Administration’s discretion to adjust your benefit in accord with their policy for in-residence certifications

The School revised policy as of April 2014 regarding the March 15, 2013 policy for temporarily grandfathered cohorts as follows:

NGS will not hold on-site meetings for on-line students and on-line courses to facilitate housing allowance benefits (P/911) for previously grandfathered cohorts (those that launched prior to and including January 2013).  NGS will still certify enrollment for on-line cohort students and on-line courses according to regulations for distance learning benefits.

Veteran students should note: there is an official roster where students must sign-in and sign-out when attending optional on-site sessions available to all enrolled program students designed to enrich online courses. Attendance at two optional on-site sessions for graduate students is required as defined by Department of Veteran Affairs.  It is at the Veteran Administration’s discretion to adjust your benefit in accord with their policy for in-residence certifications, your eligibility, and remaining entitlement.

NGS Veteran Certifying Officials

NGS Main Campus Administration:
Maureen Reardon
Monday – Friday 8am – 5pm
The National Graduate School of Quality Management
186 Jones Road
Falmouth, MA  02540
Phone 800-838-2580 x111, facsimile 800-838-2581
Email VABenefits@ngs.edu, or mreardon@ngs.edu

Robert Wilwayco
Campus Director, California
Monday 1:30pm – 5:30pm, Tuesday 1:30pm – 4:30pm, Thursday and Friday 10am – 2pm
Loechler Building, 2121 5th Ave. Suite 205, San Diego, CA 92101
Phone 503-502-7591 or 800-838-2580 x106, facsimile 503-502-7591
email rwilwayco@ngs.edu

Federal Stafford Loan Process
The Federal Stafford Loan Process is provided here for students to supplement limitations of entitlement. The Free Application for Federal Student Aid (FAFSA) is used by the government to determine your eligibility and Expected Family Contribution (EFC) for Federal loans. To start the loan process, click on the links below to download and print a step-by-step instructions page and two additional forms that are required to be submitted as originals:
1. www.studentloans.gov
2. Apply for PIN
3. Complete FAFSA
4. Complete Online Entrance Counseling
5. Wait 24 hours after receiving PIN number and complete the Master Promissory Note
6. Complete Verification Worksheet

For more information on the loans, contact Lisa Melchiorri at 800-838-2580×166 or email financialaid@ngs.edu.

Tuition reimbursement/company sponsorship/vouchers

NGS staff understands the corporate tuition reimbursement process and can easily work with your employee benefit plan. Typically, NGS invoices the employer directly. If employed by a company, contact your Human Resources Department regarding funds available for degree and certificate candidates. NGS will accept company vouchers and bill companies directly to minimize out of pocket expenses. Students must submit a letter from their company guaranteeing payment before the first course. Students whose companies pay by pre-approved voucher must submit that voucher prior to registration. Otherwise, students are expected to make payment to the School and then be reimbursed by their company.

Treatment of Stafford Loan Funds in the case of student withdrawal

Click here for treatment of your loan funds for withdrawal from the program

NGS Financial Aid Student Handbook 2010-2011

Questions?
If you have questions regarding your financial aid options, please contact one of our financial aid counselors either by email or phone at:

  • Federal Stafford Loans: Lisa Melchiorri, 800-838-2580 x166, financialaid@ngs.edu
  • Tuition Assistance and Tuition Account Statements: Michelle Disher, 800-838-2580 x509 or facsimile 617 847-6316, bursar@ngs.edu
  • Veteran Benefits: Maureen Reardon, 800-838-2580 x111, VABenefits@ngs.edu

*Not available in Massachusetts. Not available to Massachusetts residents.