« Student Financial Services

FAQs

How do I apply for GCTS Scholarships?

GCTS Scholarship opportunities will vary depending on the campus. Feel free to view our “Scholarships & Grants” page on our website or contact the Admissions Office for more details and deadline information. Please note that students may not receive both a merit and a ministry scholarship at the same time.

For information regarding the Partnership Scholarship, please visit the “Partnership Program” page for more information or contact the Partnership Program Director at (978) 646-4027.

How do I apply for Financial Aid?

If you are interested or have been matriculated into one of our Master degree programs and would like to apply for financial aid, you will need to complete the FAFSA for the current academic year along with submitting the GCTS financial aid application. For assistance, please review our suggested steps, “How Do I Apply For Financial Aid?”. Please note that students in the diploma, certificate, or DMIN program are not eligible for federal financial aid.

What is the deadline to apply for financial aid?

Priority deadline is May 1st and we will continue to process and review your application on a rolling basis after that date. We strongly encourage you to complete this as soon as possible to allow yourself plenty of time to budget and decide on a financing option(s).

When will I receive my financial aid offer?

We aim to email financial aid award letters beginning mid May for those who’ve completed their financial aid file by the priority deadline. Similar to our review process, we will email award letters on a rolling basis for those who’ve completed their financial aid file after May 1st. Please note, failure to submit requested documents will delay our review process and financial aid awarding.

Will my financial aid award cover my summer term?

Our policy is to award loans for the fall and spring terms only. However, if you anticipate a need for a summer loan, please contact our office to discuss your options. We will begin accepting summer loan applications will be starting mid April.

Will my financial aid be renewed?

You will need to reapply each year and complete a new FAFSA along with the GCTS financial aid application. Your eligibility for federal aid is also contingent upon your Satisfactory Academic Progress. This means you will need to have maintain the GPA required for your degree program and successfully complete at least 67% of your attempted credits.

However, your GCTS merit scholarship eligibility will be automatically renewed as long as you have met the terms of your scholarship agreement. No action is required unless otherwise instructed.

Do I need to complete the Loan Entrance Counseling and Master Promissory Note (MPN) each year?

No. If you are borrowing a federal loan for the first time at GCTS, you will only need to complete the Loan Entrance Counseling and MPN once. However, the MPN is usually good for a few years but if at any time your MPN is expired we will let you know so that a new one can be completed. Please note, we are unable to disburse your federal loan without the confirmation of a completed Loan Entrance Counseling and/or an active MPN.

What happens to my financial aid if I do not pass all of my classes? What if I drop a class?

In the event that you are unable to complete all of your classes or are thinking about dropping a course, your eligibility for federal aid can be at risk. Please contact our office immediately so that we can inform and discuss some options with you to help you decide on the best course of action.

How do I know how much I should borrow?

We strongly encourage you to borrow what you need. Remember, loans are funds that you have to pay back with interest. To assist you with budgeting and planning, please use our “Financial Planning Worksheet” to help determine your financial needs.

How do I cancel or reduce my student loan(s)?

If at any time during the current term you would like to cancel or reduce your loan, email our office from your GCTS issued email account to request the adjustment. We will send that portion of your loan back to your lender on your behalf. However, once the term is over you will need to submit a payment directly to your lender to cancel or reduce your loan for that particular term.

What if I declined my loan but now I need to borrow them?

If you initially decline the loan that was offered to you, you may still be eligible to borrow the loan. Please note, that we cannot disburse a loan after the term has ended. It is imperative that you contact our office to request the loan as soon as possible.

If I have questions about my bill and/or payment plan options, who can I speak with?

For questions about your bill and/or payment plan options, please contact Student Accounts at (978) 646-4049 or [email protected]

I don’t have enough financial aid to pay my bill, are there other options?

If after accepting your loan in full and you do not have enough to cover your balance or pay for other school related expenses, you may want to consider a Grad PLUS loan or a private student loan from a lender of your choosing. You may also set up a payment plan with Student Accounts for the remaining balance.

How do I pay my bill using my financial aid?

Your GCTS scholarship will be automatically applied to your account after the add/drop period. Similarly, your student loans will be disbursed 3 weeks after classes have started. This is to allow us time to confirm your enrollment and eligibility after the add/drop period. Please note that you will need to be enrolled at least half-time to receive your loan.

What do I do if I have a credit on my account after my aid is applied to my ledger?

If you have a credit on your account after all of your aid is applied you can chose to “Withdraw the Excess Funds” to help pay other school related expenses or have your credit balance remain in your account to pay towards the next upcoming term, as long as it is within the same academic year. If at the end of the academic year you still have a remaining credit balance, Student Accounts is then required to send you the remaining credit balance by June 30th.

Is my scholarship or grant taxable?

If your scholarship or grant funds exceeds your tuition and fees, please review Publication 970, “Tax Benefits for Education”, published by the IRS by visiting the IRS website or by consulting your accountant or tax advisor for clarification.

Where can I check on my overall federal student loan debt?

To review your federal student loan debt and obtain information regarding your lender(s), please login to your Federal Student Aid account at studentaid.gov

How do I repay my federal student loans?

You are not required to make payments on your student loan while you are enrolled at least half time. If you wish to make payments on your student loan while you’re in school, please make payment arrangements directly with your lender. Please note, students are given a 6 months grace period before going into active repayment after they have graduated, withdrawn, or have taken a leave of absence. In this case, a student is then required to complete Exit Counseling which can be done at studentaid.gov

What is federal work-study and how do I find a federal work-study job?

Federal Work-Study is a need-based federal financial aid program that assists students with part-time employment on campus or near campus. Federal Work-Study is intended to help students meet educational expenses and unlike other forms of financial assistance, it will not be applied as a credit towards the student’s account. Please note that if you have been awarded Federal Work-Study, you are not required to work. However, please take into consideration that available positions are limited and we cannot guarantee that each student will secure a position.

I didn’t qualify for federal work-study, can I still work on campus?

Federal Work-Study is a need-based federal financial aid program that assists students with part-time employment on campus or near campus. Federal Work-Study is intended to help students meet educational expenses and unlike other forms of financial assistance, it will not be applied as a credit towards the student’s account. Please note that if you have been awarded Federal Work-Study, you are not required to work. However, please take into consideration that available positions are limited and we cannot guarantee that each student will secure a position.

How do I apply for GCTS Scholarships?

GCTS Scholarship opportunities will vary depending on the campus. Feel free to view our “Scholarships & Grants” page on our website or contact the Admissions Office for more details and deadline information. Please note that students may not receive both a merit and a ministry scholarship at the same time.

For information regarding the Partnership Scholarship, please visit the “Partnership Program” page for more information or contact the Partnership Program Director at (978) 646-4027.

How do I apply for Financial Aid?

If you are interested or have been matriculated into one of our Master degree programs and would like to apply for financial aid, you will need to complete the FAFSA for the current academic year along with submitting the GCTS financial aid application. For assistance, please review our suggested steps, “How Do I Apply For Financial Aid?”. Please not that students in the diploma, certificate, or DMIN program are not eligible for federal financial aid.

What is the deadline to apply for financial aid?

Priority deadline is May 1st and we will continue to process and review your application on a rolling basis after that date. We strongly encourage you to complete this as soon as possible to allow yourself plenty of time to budget and decide on a financing option(s).

When will I receive my financial aid offer?

We aim to email financial aid award letters beginning mid May for those who’ve completed their financial aid file by the priority deadline. Similar to our review process, we will email award letters on a rolling basis for those who’ve completed their financial aid file after May 1st. Please note, failure to submit requested documents will delay our review process and financial aid awarding.

Will my financial aid award cover my summer term?

Our policy is to award loans for the fall and spring terms only. However, if you anticipate a need for a summer loan, please contact our office to discuss your options. We will begin accepting summer loan applications will be starting mid April.

Will my financial aid be renewed?

You will need to reapply each year and complete a new FAFSA along with the GCTS financial aid application. Your eligibility for federal aid is also contingent upon your Satisfactory Academic Progress. This means you will need to have maintain the GPA required for your degree program and successfully complete at least 67% of your attempted credits.

However, your GCTS merit scholarship eligibility will be automatically renewed as long as you have met the terms of your scholarship agreement. No action is required unless otherwise instructed

Do I need to complete the Loan Entrance Counseling and Master Promissory Note (MPN) each year?

No. If you are borrowing a federal loan for the first time at GCTS, you will only need to complete the Loan Entrance Counseling and MPN once. However, the MPN is usually good for a few years but if at any time your MPN is expired we will let you know so that a new one can be completed. Please note, we are unable to disburse your federal loan without the confirmation of a completed Loan Entrance Counseling and/or an active MPN.

What happens to my financial aid if I do not pass all of my classes? What if I drop a class?

In the event that you are unable to complete all of your classes or are thinking about dropping a course, your eligibility for federal aid can be at risk. Please contact our office immediately so that we can inform and discuss some options with you to help you decide on the best course of action.

How do I know how much I should borrow?

We strongly encourage you to borrow what you need. Remember, loans are funds that you have to pay back with interest. To assist you with budgeting and planning, please use our “Financial Planning Worksheet” to help determine your financial needs.

How do I cancel or reduce my student loan(s)?

If at any time during the current term you would like to cancel or reduce your loan, email our office from your GCTS issued email account to request the adjustment. We will send that portion of your loan back to your lender on your behalf. However, once the term is over you will need to submit a payment directly to your lender to cancel or reduce your loan for that particular term.

What if I declined my loan but now I need to borrow them?

If you initially decline the loan that was offered to you, you may still be eligible to borrow the loan. Please note, that we cannot disburse a loan after the term has ended. It is imperative that you contact our office to request the loan as soon as possible.

If I have questions about my bill and/or payment plan options, who can I speak with?

For questions about your bill and/or payment plan options, please contact Student Accounts at (978) 646-4049 or [email protected]

I don’t have enough financial aid to pay my bill, are there other options?

If after accepting your loan in full and you do not have enough to cover your balance or pay for other school related expenses, you may want to consider a Grad PLUS loan or a private student loan from a lender of your choosing. You may also set up a payment plan with Student Accounts for the remaining balance.

How do I pay my bill using my financial aid?

Your GCTS scholarship will be automatically applied to your account after the add/drop period. Similarly, your student loans will be disbursed 3 weeks after classes have started. This is to allow us time to confirm your enrollment and eligibility after the add/drop period. Please note that you will need to be enrolled at least half-time to receive your loan.

What do I do if I have a credit on my account after my aid is applied to my ledger?

If you have a credit on your account after all of your aid is applied you can chose to “Withdraw the Excess Funds” to help pay other school related expenses or have your credit balance remain in your account to pay towards the next upcoming term, as long as it is within the same academic year. If at the end of the academic year you still have a remaining credit balance, Student Accounts is then required to send you the remaining credit balance by June 30th.

Is my scholarship or grant taxable?

If your scholarship or grant funds exceeds your tuition and fees, please review Publication 970, “Tax Benefits for Education”, published by the IRS by visiting the IRS website or by consulting your accountant or tax advisor for clarification.

Where can I check on my overall federal student loan debt?

To review your federal student loan debt and obtain information regarding your lender(s), please login to your Federal Student Aid account at studentaid.gov

How do I repay my federal student loans?

You are not required to make payments on your student loan while you are enrolled at least half time. If you wish to make payments on your student loan while you’re in school, please make payment arrangements directly with your lender. Please note, students are given a 6 months grace period before going into active repayment after they have graduated, withdrawn, or have taken a leave of absence. In this case, a student is then required to complete Exit Counseling which can be done at studentaid.gov

What is federal work-study and how do I find a federal work-study job?

Federal Work-Study is a need-based federal financial aid program that assists students with part-time employment on campus or near campus. Federal Work-Study is intended to help students meet educational expenses and unlike other forms of financial assistance, it will not be applied as a credit towards the student’s account. Please note that if you have been awarded Federal Work-Study, you are not required to work. However, please take into consideration that available positions are limited and we cannot guarantee that each student will secure a position.

I didn’t qualify for federal work-study, can I still work on campus?

On campus jobs are open to all students and you do not need to qualify for federal work study to apply for an on campus jobs.

How do I apply for GCTS Scholarships?

GCTS Scholarship opportunities will vary depending on the campus. Feel free to view our “Scholarships & Grants” page on our website or contact the Admissions Office for more details and deadline information. Please note that students may not receive both a merit and a ministry scholarship at the same time.

For information regarding the Partnership Scholarship, please visit the “Partnership Program” page for more information or contact the Partnership Program Director at (978) 646-4027.

How do I apply for Financial Aid?

If you are interested or have been matriculated into one of our Master degree programs and would like to apply for financial aid, you will need to complete the FAFSA for the current academic year along with submitting the GCTS financial aid application. For assistance, please review our suggested steps, “How Do I Apply For Financial Aid?”. Please not that students in the diploma, certificate, or DMIN program are not eligible for federal financial aid.

What is the deadline to apply for financial aid?

Priority deadline is May 1st and we will continue to process and review your application on a rolling basis after that date. We strongly encourage you to complete this as soon as possible to allow yourself plenty of time to budget and decide on a financing option(s).

When will I receive my financial aid offer?

We aim to email financial aid award letters beginning mid May for those who’ve completed their financial aid file by the priority deadline. Similar to our review process, we will email award letters on a rolling basis for those who’ve completed their financial aid file after May 1st. Please note, failure to submit requested documents will delay our review process and financial aid awarding.

Will my financial aid award cover my summer term?

Our policy is to award loans for the fall and spring terms only. However, if you anticipate a need for a summer loan, please contact our office to discuss your options. We will begin accepting summer loan applications will be starting mid April.

Will my financial aid be renewed?

You will need to reapply each year and complete a new FAFSA along with the GCTS financial aid application. Your eligibility for federal aid is also contingent upon your Satisfactory Academic Progress. This means you will need to have maintain the GPA required for your degree program and successfully complete at least 67% of your attempted credits.

However, your GCTS merit scholarship eligibility will be automatically renewed as long as you have met the terms of your scholarship agreement. No action is required unless otherwise instructed

Do I need to complete the Loan Entrance Counseling and Master Promissory Note (MPN) each year?

No. If you are borrowing a federal loan for the first time at GCTS, you will only need to complete the Loan Entrance Counseling and MPN once. However, the MPN is usually good for a few years but if at any time your MPN is expired we will let you know so that a new one can be completed. Please note, we are unable to disburse your federal loan without the confirmation of a completed Loan Entrance Counseling and/or an active MPN.

What happens to my financial aid if I do not pass all of my classes? What if I drop a class?

In the event that you are unable to complete all of your classes or are thinking about dropping a course, your eligibility for federal aid can be at risk. Please contact our office immediately so that we can inform and discuss some options with you to help you decide on the best course of action.

How do I know how much I should borrow?

We strongly encourage you to borrow what you need. Remember, loans are funds that you have to pay back with interest. To assist you with budgeting and planning, please use our “Financial Planning Worksheet” to help determine your financial needs.

How do I cancel or reduce my student loan(s)?

If at any time during the current term you would like to cancel or reduce your loan, email our office from your GCTS issued email account to request the adjustment. We will send that portion of your loan back to your lender on your behalf. However, once the term is over you will need to submit a payment directly to your lender to cancel or reduce your loan for that particular term.

What if I declined my loan but now I need to borrow them?

If you initially decline the loan that was offered to you, you may still be eligible to borrow the loan. Please note, that we cannot disburse a loan after the term has ended. It is imperative that you contact our office to request the loan as soon as possible.

If I have questions about my bill and/or payment plan options, who can I speak with?

For questions about your bill and/or payment plan options, please contact Student Accounts at (978) 646-4049 or [email protected]

I don’t have enough financial aid to pay my bill, are there other options?

If after accepting your loan in full and you do not have enough to cover your balance or pay for other school related expenses, you may want to consider a Grad PLUS loan or a private student loan from a lender of your choosing. You may also set up a payment plan with Student Accounts for the remaining balance.

How do I pay my bill using my financial aid?

Your GCTS scholarship will be automatically applied to your account after the add/drop period. Similarly, your student loans will be disbursed 3 weeks after classes have started. This is to allow us time to confirm your enrollment and eligibility after the add/drop period. Please note that you will need to be enrolled at least half-time to receive your loan.

What do I do if I have a credit on my account after my aid is applied to my ledger?

If you have a credit on your account after all of your aid is applied you can chose to “Withdraw the Excess Funds” to help pay other school related expenses or have your credit balance remain in your account to pay towards the next upcoming term, as long as it is within the same academic year. If at the end of the academic year you still have a remaining credit balance, Student Accounts is then required to send you the remaining credit balance by June 30th.

Is my scholarship or grant taxable?

If your scholarship or grant funds exceeds your tuition and fees, please review Publication 970, “Tax Benefits for Education”, published by the IRS by visiting the IRS website or by consulting your accountant or tax advisor for clarification.

Where can I check on my overall federal student loan debt?

To review your federal student loan debt and obtain information regarding your lender(s), please login to your Federal Student Aid account at studentaid.gov

How do I repay my federal student loans?

You are not required to make payments on your student loan while you are enrolled at least half time. If you wish to make payments on your student loan while you’re in school, please make payment arrangements directly with your lender. Please note, students are given a 6 months grace period before going into active repayment after they have graduated, withdrawn, or have taken a leave of absence. In this case, a student is then required to complete Exit Counseling which can be done at studentaid.gov

What is federal work-study and how do I find a federal work-study job?

Federal Work-Study is a need-based federal financial aid program that assists students with part-time employment on campus or near campus. Federal Work-Study is intended to help students meet educational expenses and unlike other forms of financial assistance, it will not be applied as a credit towards the student’s account. Please note that if you have been awarded Federal Work-Study, you are not required to work. However, please take into consideration that available positions are limited and we cannot guarantee that each student will secure a position.

I didn’t qualify for federal work-study, can I still work on campus?

On campus jobs are open to all students and you do not need to qualify for federal work study to apply for an on campus jobs.

How do I apply for GCTS Scholarships?

GCTS Scholarship opportunities will vary depending on the campus. Feel free to view our “Scholarships & Grants” page on our website or contact the Admissions Office for more details and deadline information. Please note that students may not receive both a merit and a ministry scholarship at the same time.

For information regarding the Partnership Scholarship, please visit the “Partnership Program” page for more information or contact the Partnership Program Director at (978) 646-4027.

How do I apply for Financial Aid?

If you are interested or have been matriculated into one of our Master degree programs and would like to apply for financial aid, you will need to complete the FAFSA for the current academic year along with submitting the GCTS financial aid application. For assistance, please review our suggested steps, “How Do I Apply For Financial Aid?”. Please not that students in the diploma, certificate, or DMIN program are not eligible for federal financial aid.

What is the deadline to apply for financial aid?

Priority deadline is May 1st and we will continue to process and review your application on a rolling basis after that date. We strongly encourage you to complete this as soon as possible to allow yourself plenty of time to budget and decide on a financing option(s).

When will I receive my financial aid offer?

We aim to email financial aid award letters beginning mid May for those who’ve completed their financial aid file by the priority deadline. Similar to our review process, we will email award letters on a rolling basis for those who’ve completed their financial aid file after May 1st. Please note, failure to submit requested documents will delay our review process and financial aid awarding.

Will my financial aid award cover my summer term?

Our policy is to award loans for the fall and spring terms only. However, if you anticipate a need for a summer loan, please contact our office to discuss your options. We will begin accepting summer loan applications will be starting mid April.

Will my financial aid be renewed?

You will need to reapply each year and complete a new FAFSA along with the GCTS financial aid application. Your eligibility for federal aid is also contingent upon your Satisfactory Academic Progress. This means you will need to have maintain the GPA required for your degree program and successfully complete at least 67% of your attempted credits.

However, your GCTS merit scholarship eligibility will be automatically renewed as long as you have met the terms of your scholarship agreement. No action is required unless otherwise instructed

Do I need to complete the Loan Entrance Counseling and Master Promissory Note (MPN) each year?

No. If you are borrowing a federal loan for the first time at GCTS, you will only need to complete the Loan Entrance Counseling and MPN once. However, the MPN is usually good for a few years but if at any time your MPN is expired we will let you know so that a new one can be completed. Please note, we are unable to disburse your federal loan without the confirmation of a completed Loan Entrance Counseling and/or an active MPN.

What happens to my financial aid if I do not pass all of my classes? What if I drop a class?

In the event that you are unable to complete all of your classes or are thinking about dropping a course, your eligibility for federal aid can be at risk. Please contact our office immediately so that we can inform and discuss some options with you to help you decide on the best course of action.

How do I know how much I should borrow?

We strongly encourage you to borrow what you need. Remember, loans are funds that you have to pay back with interest. To assist you with budgeting and planning, please use our “Financial Planning Worksheet” to help determine your financial needs.

How do I cancel or reduce my student loan(s)?

If at any time during the current term you would like to cancel or reduce your loan, email our office from your GCTS issued email account to request the adjustment. We will send that portion of your loan back to your lender on your behalf. However, once the term is over you will need to submit a payment directly to your lender to cancel or reduce your loan for that particular term.

What if I declined my loan but now I need to borrow them?

If you initially decline the loan that was offered to you, you may still be eligible to borrow the loan. Please note, that we cannot disburse a loan after the term has ended. It is imperative that you contact our office to request the loan as soon as possible.

If I have questions about my bill and/or payment plan options, who can I speak with?

For questions about your bill and/or payment plan options, please contact Student Accounts at (978) 646-4049 or [email protected]

I don’t have enough financial aid to pay my bill, are there other options?

If after accepting your loan in full and you do not have enough to cover your balance or pay for other school related expenses, you may want to consider a Grad PLUS loan or a private student loan from a lender of your choosing. You may also set up a payment plan with Student Accounts for the remaining balance.

How do I pay my bill using my financial aid?

Your GCTS scholarship will be automatically applied to your account after the add/drop period. Similarly, your student loans will be disbursed 3 weeks after classes have started. This is to allow us time to confirm your enrollment and eligibility after the add/drop period. Please note that you will need to be enrolled at least half-time to receive your loan.

What do I do if I have a credit on my account after my aid is applied to my ledger?

If you have a credit on your account after all of your aid is applied you can chose to “Withdraw the Excess Funds” to help pay other school related expenses or have your credit balance remain in your account to pay towards the next upcoming term, as long as it is within the same academic year. If at the end of the academic year you still have a remaining credit balance, Student Accounts is then required to send you the remaining credit balance by June 30th.

Is my scholarship or grant taxable?

If your scholarship or grant funds exceeds your tuition and fees, please review Publication 970, “Tax Benefits for Education”, published by the IRS by visiting the IRS website or by consulting your accountant or tax advisor for clarification.

Where can I check on my overall federal student loan debt?

To review your federal student loan debt and obtain information regarding your lender(s), please login to your Federal Student Aid account at studentaid.gov

How do I repay my federal student loans?

You are not required to make payments on your student loan while you are enrolled at least half time. If you wish to make payments on your student loan while you’re in school, please make payment arrangements directly with your lender. Please note, students are given a 6 months grace period before going into active repayment after they have graduated, withdrawn, or have taken a leave of absence. In this case, a student is then required to complete Exit Counseling which can be done at studentaid.gov

What is federal work-study and how do I find a federal work-study job?

Federal Work-Study is a need-based federal financial aid program that assists students with part-time employment on campus or near campus. Federal Work-Study is intended to help students meet educational expenses and unlike other forms of financial assistance, it will not be applied as a credit towards the student’s account. Please note that if you have been awarded Federal Work-Study, you are not required to work. However, please take into consideration that available positions are limited and we cannot guarantee that each student will secure a position.

I didn’t qualify for federal work-study, can I still work on campus?

On campus jobs are open to all students and you do not need to qualify for federal work study to apply for an on campus jobs.

What If I Still Have Questions?

Our office can be reached via email at [email protected] or by phone at (978) 646-4018 M-F from 8:00am to 4:30 pm.

Please note: This information is subject to change. Due to the sensitivity of financial aid information exchanged, we ask that all communication to and from our office be sent via your GCTS email account once it is assigned.

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