UMass undergrads’ financial need mostly met

BOSTON – The University of Massachusetts says it’s meeting 93 percent of the demonstrated financial need of its in-state, undergraduate students. That’s up slightly from last year’s 92 percent and considerably higher than the percentage of need met at other public universities.
According to a report provided to the university’s board of trustees’ Committee on Administration and Finance, the average net cost of attendance for an in-state, undergraduate student this year is $13,293, based on a tuition, fees and room and board price of $20,302.
The financial-aid report shows that 23,503 of the university’s 41,509 in-state, undergraduate students – or 57 percent of resident undergraduates – are receiving at least some need-based aid this year. Last year, 51 percent of undergraduates received need aid.
With graduate students factored in, UMass students are receiving $642 million in all forms of financial aid this year, up from $528 million last year. •