Financial Aid

(See also Scholarships)

Understanding the Financial Aid Process

Every state receives federal funds to educate families on financing higher education.  In the Bay State, those funds are managed by the Massachusetts Education Financing Authority.  MEFA's Guide to College Financing walks you through the process step by step.  You will discover:

  • The different types of financial aid
  • Who should apply
  • The difference between need- and merit-based financial aid
  • What a family is expected to contribute
  • The impact of assets and income
  • How to fill out the application
  • How to understand the award letter
  • ... and more.

We have hard copies of the MEFA guide in the Guidance Department as well, so feel free to stop by for one or set up an appointment to speak with your counselor as questions arise.  We are here to help you through this process.

MEFA representatives also visit Ashland High School in October to meet with seniors before financial aid forms are due.  Feel free to browse the MEFA web site for additional information.

When Should We Begin?

Start learning what financial aid entails now, so you can have your finances well-positioned by senior year when you need to submit your financial aid forms.  Your family's tax forms from junior and/or sophomore years may come into play in determining your financial eligibility.  Learn more by scanning the MEFA guide and speaking with your counselor early on so you can be as prepared as possible.

MEFA helps families at every step of the way, with innovative college savings plans for parents of young children preparing for future education expenses, low-cost loan programs for those with more immediate funding needs and college planning information to assist families of students at all stages of their educational pursuit.