News About Loans

Loan Program Updates

Merrimack College has some very positive news for students and families who are considering loans for 2009-2010.

Our webpages have been updated to include the most recent information for student and parent loans.  An email was sent to incoming students (July 2nd) and returning students (July 7th) explaining the various types of loans a student and their family may seek to secure for 2009-2010 tuition bills.

Here are the links to the emails that were sent:
incoming students
returning students

Banks have a strong desire to work with Merrimack College because our student loan default rate is very, very low, and is significantly lower than the national average.   Merrimack’s default rate is 1.7% while the national default rate is 5.2%. 

This puts Merrimack College in a better position to have loans approved because of our borrowers’ excellent repayment history.   It means that students and families can expect a quick turnaround on their applications with funds approved and released by the start of the academic year.

We are extremely confident that lenders will continue to work with Merrimack College well into the future.

For More Information

Please contact the Office of Financial Aid via:
email: Financialaid@merrimack.edu
telephone: 978-837-5186