Financial Assistance

Our financial assistance staff is committed to providing students who demonstrate financial need with the resources needed to finance a Nichols College education. Last year, 98% of our incoming students received financial assistance, and more than 95% of our student body received grants directly from Nichols. When looking at all funding sources, the average financial assistance package for a full time student is over $30,155 per year.

What you need to know

  • Nichols requires only one financial assistance form: The Free Application for Federal Student Aid (FAFSA). FAFSA information determines your eligibility for all federal, state and institutional need-based financial assistance.
  • You can file your FAFSA anytime after January 1. Our priority deadline is March 1. You may file online or obtain a paper form by calling the Department of Education at 1-800-4-FED-AID. Be sure to include the school code for Nichols College (002197-00). This code ensures that we receive a summary of your information and can process an award.
  • Filing your FAFSA after March 1 can affect the amount of financial assistance you receive. Late applicants may miss opportunities for certain sources of aid.
  • Nichols College participates exclusively in the William D. Ford Direct Loan program. Federal Stafford, Federal PLUS and Federal Grad PLUS loans are now processed through the Direct Loan program.
  • Students must complete all financial assistance application requirements to receive financial assistance. Also, students must be enrolled at least half time and maintain satisfactory academic progress including a cumulative G.P.A of 2.0 or higher.
  • Students must apply for financial assistance annually by renewing their FAFSA.
  • Your financial assistance award may include a combination of financial options, including:
    • Need-based and merit scholarships
    • Need-based grants
    • Work study awards
    • Student and parent loans

Financial Assistance Resources

Quick Links

Printable Forms

For questions about the financial aid process, please contact us at finaid@nichols.edu.