NEW YORK TECH CATALOG 2024–2025
Veterans may qualify for additional benefits, including the Yellow Ribbon Program. Students must achieve Satisfactory Academic Progress in order to receive Veteran Benefits. For more information, contact the following agencies:
The combined tuition benefits available to a student cannot exceed the student's total tuition costs. Tuition payments received by a student under the Post-9/11 GI BILL® (Chapter 33 veteran benefits) and Yellow Ribbon Program are considered duplicative of any VTA and/or TAP award. Students receiving tuition assistance through these programs may, and in most cases will, have their state VTA and/or TAP payment reduced or denied due to these other benefits. However, payments received under the Montgomery GI BILL® do not duplicate the purpose of the VTA and/or TAP.
Section 103 – VA Pending Payment Compliance
In accordance with Title 38 Code 3679 subsection (e), this school adopts the following additional provisions for any students using U.S. Department of Veterans Affairs (VA) Post-9/11 GI BILL® (Ch. 33) or Vocational Rehabilitation and Employment (Ch. 31) benefits while payment to the institution is pending from the VA.
This school will not:
However, to qualify for this provision, such students may be required to:
New York Institute of Technology is committed to helping students afford the opportunity for a valuable education. In order for the college to determine eligibility for financial aid, all students (except international students) must complete the Free Application for Federal Student Aid (FAFSA) at studentaid.gov. Financial aid is provided through various sources (e.g., college, state, and federal funds). This aid is offered in the form of scholarships, grants, loans, and employment opportunities. Aid offers are designed to recognize scholastic achievement, service, and/or demonstrated financial need. The variety of financial aid programs available allows many students to greatly reduce their educational costs while attending New York Institute of Technology.
Financial aid offers are not guaranteed and are subject to any and all revisions in federal, state, and institutional policies, availability of funds, changes in enrollment, minimum grade requirements, housing status, and timely submission of all required documentation, including official transcripts, as well as adjustment of any miscalculation of awards. Student's financial aid eligibility requires registration in appropriate program level courses. (It is the student's responsibility to request, complete, and submit all forms with necessary documentation for all financial aid programs, including scholarships, in a timely manner. Awards are not granted retroactively and are subject to funds availability.) All students must meet Satisfactory Academic Progress (SAP) requirements at all times in order to receive and retain financial aid. New York Institute of Technology reserves all rights to review and/or modify its financial aid programs. All programs are subject to change due to revisions in federal or state government or institutional policies. Additional criteria and information may be obtained from the Office of Financial Aid. Students are responsible for reading Financial Aid Disclosures before deciding to accept or decline their financial aid.
It is the student's responsibility to be aware of all filing deadlines for financial aid and to notify the Office of Financial Aid of any changes in enrollment, housing status, and dependency status. Students should be aware that in the event of an over-award, a situation that occurs when the amount of aid exceeds the student's financial need or cost of attendance, federal regulations require that the aid be reduced to within the student's established educational cost of attendance.
The following guidance provides eligible students with general information about the Family Educational Rights and Privacy Act (FERPA) …
To be considered an independent student for any federal financial aid program, students must meet the following criteria …
For maximum consideration for all types of scholarships and awards, students must file the Free Application for Federal Student Aid (FAFSA) by the February 14 priority date. Additional information on program-specific awards and availability can be found by visiting the Office of Financial Aid.
Veterans may qualify for additional benefits, including the Yellow Ribbon Program. For more information, contact the following agencies:
New York Institute of Technology's study abroad programs offer exciting and effective ways to learn about the rapidly changing world and offer students opportunities to experience different cultures. New York Institute of Technology has several study abroad programs administered by various academic departments that enable students to earn credits toward an academic degree …
New York Tech students who want to attend other institutions in the United States or abroad for a semester may be able to use federal financial aid under a consortium agreement. Students must be approved by their respective academic department prior to attending another institution for the semester(s) …
New York Tech students who want to attend other non-Title IV-eligible institutions in the United States or abroad for a semester may be able to use federal financial aid under a contractual agreement. Students must be approved by their respective academic department prior to attending the semester(s) …
The Cooperative Tuition Certificate is an award that recognizes cooperating professionals/clinical instructors for mentoring New York Tech students. This certificate is granted in recognition of service rendered to the university via the Cooperating Professional or Clinical Instructor programs …
If you enroll in higher education for the first time on or after July 1, 2012, in order to be eligible for federal student aid, you must have either a high school diploma or a recognized equivalent, as defined by state law …
All students transferring from other institutions will have their credits evaluated by the Transfer Credit Evaluation department once admitted to New York Institute of Technology. The final number of transferred credits will be posted to the system of record only after the student is enrolled and all final official transcripts and relevant test scores have been received …
Students enrolled in a combined undergraduate/graduate program are considered undergraduate for the first 90 credits for the purposes of awarding federal student aid excluding students enrolled in the B.S./D.O. program. Upon satisfactory completion of 90 undergraduate credits, they become eligible to receive federal student loans at the graduate level …
A student in an undergraduate degree program is not eligible for graduate loans based on taking graduate coursework as a part of the undergraduate program. An undergraduate student who elects to enroll in graduate coursework must obtain approval from both their academic department and the Office of the Registrar …
GI BILL® is a registered trademark of the US Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official US government website at http://www.benefits.va.gov/gibill.
Students (not international students) who wish to apply for scholarships, grants, and/or student loans are required to complete the Free Application for Federal Student Aid (FAFSA). The college code to be used on the FAFSA is 002782. The FAFSA is available online at studentaid.gov in December each year. For maximum consideration for all types of financial aid, students should file the FAFSA applications as early as possible in their application process.
In order to qualify for federal student aid, students:
Federal Requirements for Determining Unusual Enrollment History
The Office of Financial Aid must adhere to the U.S. Department of Education's efforts to prevent fraud and abuse in the Federal Pell Grant Program and other federal financial aid programs by identifying students with unusual enrollment histories. An "unusual enrollment history" flag will be included on FAFSA results received from the U.S. Department of Education and will indicate, where applicable, that a student has an unusual enrollment history with regard to the receipt of Federal Pell Grant or Federal Direct Loan funds. The indicator is intended to address possible fraud and abuse in the Title IV student aid programs. For example, one specific enrollment pattern is where a student attends an institution long enough to receive Title IV credit balance funds, leaves without completing the enrollment period, enrolls at another institution, and repeats the pattern of remaining just long enough to collect another Title IV credit balance without having earned any academic credit. The Office of Financial Aid may request additional information from students with an "unusual enrollment history" flag on FAFSA results, and the final receipt of federal and institutional aid is dependent upon satisfactory resolution.
There is a process for verifying a student's Free Application for Federal Student Aid (FAFSA) and making corrections because students sometimes make errors on their application. Verification is a process by which a school collects information to ensure that the FAFSA has been completed correctly. The FAFSA Processing System (FPS) of the Department of Education selects applicants to be verified. The university also reserves the right to select applications for verification.
If a student's application is selected for verification, either by the FPS or by the institution, verification is required to be performed by the school. Each year, the Department of Education will determine which items on the FAFSA must be verified. The Office of Financial Aid is responsible for clarifying any conflicting information found on a student's FAFSA and may ask for documentation to verify and resolve any conflicting information.
For the 2024–2025 academic year, students who are selected for verification will be placed in one of the following three verification groups. The verification group determines which FAFSA information must be verified. The student must submit the New York Institute of Technology Verification Worksheet that corresponds with the Verification Group. Worksheets are available for download, or directly from the Office of Financial Aid.
Applicants selected for verification will be notified on the Student Aid Report (SAR). In addition, upon receipt of the Institutional Student Information Record (ISIR), the Office of Financial Aid will send a missing information letter to the student informing them if their application has been selected for verification and which documents must be submitted. The verification results of identity and high school completion status for students whose 2024–2025 ISIR had a Verification Tracking Group of V4 or V5 must be reported to the Department of Education in a timely manner. As such, students whose 2024–2025 FAFSA has been selected for V4 or V5 verification must submit the required documents to the Office of Financial Aid within 14 days of the request for information.
In accordance with federal guidelines, verification must be completed no later than 120 days after the last day of the student's enrollment. Students may receive an estimated financial aid package prior to the completion of the verification process; however, New York Institute of Technology does not disburse any federal financial aid funds until the verification process is completed. The university reserves the right to withhold some institutional aid funds until the verification process is completed. Students who fail to submit the required verification documents will not receive federal aid.
Reference: 2023–2024 FSA Handbook Volume 1, Chapter 4
To be considered an independent student for any federal financial aid program, students must meet one of the following criteria:
The determination of dependency status is derived from the answers to the dependency status questions on the Free Application for Federal Student Aid (FAFSA). Further information regarding dependency status questions can be found at the Federal Student Aid website.
Students who do not meet the federal definition of an independent student, and who have extenuating circumstances, may request consideration for a Dependency Override. In such cases, the Office of Financial Aid will require additional certification and documentation to determine that a student is independent for purposes of federal financial aid programs. A determination of independent student status for federal student aid purposes does not automatically translate to the same determination for state aid programs and vice versa, nor does this determination guarantee that an applicant will receive additional financial aid that is sufficient to meet the cost of attendance.
Through the generosity of trustees, alumni, faculty, staff, and friends, New York Institute of Technology provides academic scholarships and grants on the basis of academic achievement, high scholastic potential, and demonstrated need and/or ability.
Most scholarships and grants are renewable each fall and spring semester and based on eligibility and funding availability. Students must be full-time, and satisfactorily attempt to complete 12 credits within their program each semester to be eligible for awards the following semester. Students must also maintain satisfactory academic progress (SAP) and the minimum cumulative GPA each semester as required by the scholarship and/or grant requirements effective at the time of admission to the university. Scholarships and grants are for tuition only and are divided equally between fall and spring semesters. They are not applicable to any summer session attendance. Institutional aid is credited to a student's account after the end of the add/drop period. Any designated "tuition-only" awards cannot exceed the cost of tuition and will be reduced accordingly.
It is the student's responsibility to notify the Office of Financial Aid of any outside scholarships, grants, or loans. Receipt of outside aid may affect currently offered aid. Students should contact the Office of Financial Aid for more information on the availability of scholarships and grants. Very limited scholarships and grants may be available based on funding for part-time study. Students may receive two or more merit-based academic scholarships concurrently if, at the time of admission, the Office of Admissions offers to new students any additional renewable or non-renewable recognition and/or enrichment awards.
The university reserves the right to revise its financial aid programs. All programs are subject to change due to modifications in government or institutional policies. Additional criteria and information may be obtained from the Office of Financial Aid. Students are responsible for reading Financial Aid Disclosures before deciding to accept or reject their financial aid.
Eligibility for institutional scholarships, assistantships, and grants are limited to students whose campus location is Long Island, New York City, or Online. To qualify, a student:
* Transfer scholarships are not to exceed a maximum of three years or six semesters of continuous full-time enrollment, unless enrolled in an approved undergraduate five-year program. All renewal criteria must be met.
Students who qualify for special discounted tuition packages may not qualify for other university scholarships, or may have scholarships or discounted tuition packages reduced accordingly. In the case of a tuition discount (e.g., tuition remission), scholarships received for credits taken in excess of maximum allowable discounted tuition will be prorated accordingly based on standard remaining credit ranges. In addition, students may only qualify for one discounted tuition program at a time. Any combination of scholarships and tuition credit awards cannot exceed tuition charges.
Students may receive a prorated scholarship, if they are enrolled for less than 12 credits within their program in their final semester of enrollment, provided all other scholarship renewal criteria are met. Scholarships and grants are only available for fall and spring semesters and cannot be used for attendance during summer periods of attendance.
This policy is effective for scholarships and grants earned for the Fall 2020 semester, and for all subsequent semesters. This complies with updated federal regulations in the Federal Student Aid Handbook, published December 7, 2022.
Eligible students entering their first year at New York Institute of Technology may qualify for a scholarship based on high school cumulative GPA. Scholarships are based on continued funding and may be renewed each semester, provided that the student enrolls full-time within their program, maintains sufficient levels of performance, and the cumulative GPA requirement specific to their scholarship. Additional details may be obtained from the Office of Admissions. Eligibility for all institutional scholarships and grants are limited to students whose campus location is Long Island, New York City, or online. Scholarships and grants are for tuition only and divided equally between fall and spring semesters.
View a list of all institutional scholarships offered to first-year students
First-year students are considered for scholarships based on the strength of their applications, including GPA and average. Students who apply to the university without SAT/ACT scores may be eligible for scholarships. Students may be awarded the President's Scholarship, Theodore K. Steele Memorial Scholarship, NYIT Scholarship, and Academic Achievement Awards.
To qualify:
To qualify:
To qualify:
To qualify:
Renewal Criteria (for all first-year awards listed above)
You will be eligible to receive this scholarship for a maximum of four years (or eight semesters) of continuous full-time undergraduate enrollment at New York Institute of Technology. Students matriculated in an approved five-year undergraduate program may receive up to ten semesters of eligibility. You must satisfactorily attempt to complete 12 credits each semester. You must also maintain satisfactory academic progress (SAP) and a 2.8 minimum cumulative GPA. Undergraduate students in their sophomore or junior year, who do not meet the minimum GPA requirements for scholarship renewal, may have an opportunity to maintain their scholarship by successfully completing the Achieving College Excellence (ACE) program. Eligible students will be invited to participate. ACE program participation is limited to four semesters. University scholarships and grants are for tuition only, divided equally between fall and spring semesters. They are not applicable to summer session attendance.
To qualify:
This award acknowledges New York Tech students with parents or legal guardians who are active, fully employed (non-volunteer) within the tristate region (NY, NJ, CT) in certain professional service positions serving their community. The award will cover up to 50 percent of a student's flat-rate full-time tuition (12–18 credits) for no more than eight continuous full-time semesters of enrollment (six semesters for transfers, ten for an approved undergraduate five-year program). If a student has been awarded other "tuition-only" awards (including state grants, merit scholarships, and New York Tech Grants), the Children of Police Officers, Firefighters, EMT, and K–12 Teachers Award will supplement up to 50 percent of tuition. Only credits/courses for full-time enrollment within the student's program of study are eligible. The award applies to fall and spring semesters only. Students who qualify for special discounted tuition packages or have specific program scholarships (e.g., HEOP, an athletic award, tuition remission, tuition exchange) are disqualified, as students may only qualify for one discounted tuition program at a time.
To qualify:
Submit the Children of Police Officers, Firefighters, EMT, and K–12 Teachers Award form to the Office of Financial Aid once per application year by the deadline.
In collaboration with FIRST, New York Tech offers two $500 merit-based scholarships to high school seniors who have been actively involved on a FIRST team and would like to attend New York Tech. This scholarship may be used for a student in any undergraduate program offered in NYIT College of Engineering and Computing Sciences. This scholarship is a one-time award and is in addition to any other scholarship from the university for which students may qualify. Each recipient must meet the regular academic requirements for admission to the college. Complete the application. All applications must be received by May 15.
To qualify:
You do not need to have already been admitted at the time you apply for this scholarship.
Apply by May 15:
Create your profile on Raise and get matched to New York Tech scholarships while you are in high school.
Additional information and criteria can be viewed at Financial Aid – New York Tech Scholarships.
This policy is effective for scholarships and grants earned for the Fall 2020 semester, and for all subsequent semesters. This complies with updated federal regulations in the Federal Student Aid Handbook, published December 7, 2022.
Limited scholarships are available to graduates of accredited two-year colleges, and transfer students from four-year colleges who completed a minimum of 24 credits from the prior school and who wish to complete their bachelor's degree at New York Institute of Technology. The minimum required cumulative GPA ranges from 2.5 to 3.75, and award amounts vary accordingly. Transfer scholarships will be granted for a maximum of three years or six semesters of continuous full-time enrollment unless the student is enrolled in an approved undergraduate five-year program. For approved undergraduate five-year programs, transfer scholarships will be granted for a maximum of four years or eight semesters of continuous full-time enrollment. All renewal criteria below must be met.
If you receive this scholarship, you are eligible for a maximum of three years (six semesters) of continuous full-time undergraduate enrollment at New York Tech.
To qualify, students must:
You may qualify for a transfer award based on your cumulative GPA (estimated below) and prior coursework.
| Cumulative GPA | Award |
|---|---|
| 3.75 – 4.0 | $20,000 |
| 3.35 – 3.749 | $18,000 |
| 3.15 – 3.349 | $17,000 |
| 2.95 – 3.149 | $16,000 |
| 2.75 – 2.949 | $12,000 |
| 2.5 – 2.749 | $9,000 |
| 0 – 2.499* | $6,000 |
| * If you have a GPA below 2.5 and you have a completed associate's degree, you may be eligible for a Community College Scholarship of $6,000. | |
A transfer scholarship will be renewed each semester provided you maintain continuous full-time enrollment (minimum 12 credits) and meet satisfactory academic progress (SAP) requirements. Students must also maintain the required 2.8 cumulative GPA for a New York Tech Transfer scholarship renewal.
The Office of Admissions selects four transfer student applicants per year to receive this $2,500 scholarship. Students must have been members of the Phi Theta Kappa Honor Society at their prior college.
To qualify, students must:
To qualify, students must:
The Legacy Award will be renewed each semester provided the student maintains continuous full-time enrollment (minimum 12 credits) and meets satisfactory academic progress (SAP) requirements.
This award acknowledges students with parents or legal guardians who are active, fully employed (non-volunteer) within the tristate region (NY, NJ, CT) in certain professional service positions serving their community. The award will cover up to 50 percent of a student's flat-rate full-time tuition (12–18 credits) for no more than eight continuous full-time semesters of enrollment (six semesters for transfers, 10 semesters for an approved undergraduate five-year program). If a student has been awarded other "tuition only" awards (including state grants, merit scholarships, and New York Tech grants), the Children of Police Officers, Firefighters, EMT, and K–12 Teachers Award will supplement up to 50 percent of tuition. Only credits/courses for full-time enrollment within the student's program of study are eligible. The award applies to fall and spring semesters only. Students who qualify for special discounted tuition packages or have specific program scholarships (e.g., HEOP, an athletic award, tuition remission, tuition exchange) are disqualified, as students may only qualify for one discounted tuition program at a time.
To qualify, students must:
Submit the Children of Police Officers, Firefighters, EMT, and K–12 Teachers Award form to the Office of Financial Aid once per application year by the deadline.
Create your profile on Raise and get matched to institutional scholarships before you transfer.
Additional information and criteria can be viewed at Financial Aid – New York Tech Scholarships.
This policy is effective for scholarships and grants earned for the fall 2020 semester, and for all subsequent semesters. This complies with updated federal regulations in the Federal Student Aid Handbook, published December 7, 2022.
New York Institute of Technology has established awards to recognize full-time (12 or more credits) undergraduate students who have demonstrated their commitment to the college and have achieved academic success after earning credits at the university. Awards will be granted each semester, based on full-time attendance in the previous term and a minimum cumulative GPA. Earned credits must be applicable to the student's degree program of study. Scholarships are not offered in the summer term.
This award is for full-time undergraduate students who were not awarded any other university academic scholarship upon admittance. If you have demonstrated your commitment to New York Tech and have achieved academic success after earning 30–59 credits at the university, then you may be awarded between $3,000 and $4,000.
Awards will be granted each semester. You cannot receive two merit-based academic scholarships concurrently. In the event that you qualify for more than one scholarship, the one with the highest dollar value will be awarded.
If you qualify, you will receive this award for a maximum of three years (six semesters) of continuous enrollment in a four-year program.
To qualify, students must:
This program recognizes and honors undergraduate students who have demonstrated a commitment to New York Tech. This award is for full-time undergraduate students who were not awarded any other university academic scholarship upon admittance. You may receive an award if you have shown consistent academic success after earning 60 or more credits applicable toward your degree. If you qualify, you will receive this award for a maximum of two years (four semesters).
You cannot receive two merit-based academic scholarships concurrently. In the event that you qualify for more than one scholarship, the one with the highest dollar value will be awarded.
To qualify, students must:
This grant is awarded to a limited number of current undergraduate students based upon financial need as determined, in part, by the results of your completed Free Application for Federal Student Aid (FAFSA). This grant is not renewable; amounts may vary each year. New York Tech Grants are for tuition only and are divided equally between fall and spring semesters. Eligibility for institutional scholarships and grants is limited to students whose Office of Admissions-assigned campus location is New York City, Long Island, or Online. The New York Tech Grant cannot be used for summer or intersession-only periods of attendance. Students who receive full-tuition awards such as tuition remission or tuition exchange, as well as discounted tuition rates and other institutional grants (e.g., Athletics Service to School award or Athletics Grant-in-Aid award), may be ineligible for the New York Tech Grant.
To qualify, students must:
This grant is awarded to a limited number of undergraduate students based upon financial need as determined, in part, by the results of your completed Free Application for Federal Student Aid (FAFSA), and on-campus housing and food costs. The New York Tech Resident Hall Grant amount may vary each year. It is for on-campus housing and food costs only and is divided equally between fall and spring semesters; this grant is not applied towards tuition. Eligibility for the New York Tech Resident Hall Grant is limited to students whose Office of Admissions-assigned campus location is Long Island or New York City. The New York Tech Resident Hall Grant cannot be used for summer or intersession-only periods of attendance. Students who receive full-tuition awards such as tuition remission or tuition exchange, as well as discounted tuition rates and other institutional grants (e.g., Athletics Service to School award or Athletics Grant-in-Aid award), may be ineligible for the New York Tech Resident Hall Grant.
To qualify, students must:
Created in memory of Dr. Martin Luther King Jr., and in recognition of his beliefs, this scholarship is granted to low-income minority undergraduate and graduate students with high levels of academic achievement, leadership ability, and outstanding character. Application requirements and awards are determined on a semester-by-semester basis.
To qualify, students must:
This award acknowledges New York Tech students with parents or legal guardians who are active, fully employed (non-volunteer) within the tri-state region (NY, NJ, CT) in certain professional service positions serving their community. The award will cover up to 50 percent of a students' flat-rate full-time tuition (12–18 credits) for no more than eight continuous full-time semesters of enrollment (six semesters for transfers, 10 semesters for an approved five-year program). If a student has been awarded other "tuition only" awards (including state grants, merit scholarships, and university grants), the Children of Police Officers, Firefighters, EMT, and K–12 Teachers Award will supplement up to 50 percent of tuition. Only credits/courses for full-time enrollment within the student's program of study are eligible. The award applies to fall and spring semesters only. Students who qualify for special discounted tuition packages or have specific program scholarships (e.g., HEOP, an athletic award, tuition remission, tuition exchange) are disqualified, as students may only qualify for one discounted tuition program at a time.
To qualify, students must:
Additional information and criteria can be viewed at Financial Aid – New York Tech Scholarships.
The Federal Pell Grant is for undergraduate, matriculated students who are enrolled in at least one credit and meet the financial need guidelines of the program. Eligibility for the Federal Pell Grant is limited to students who have not received their first bachelor's degree, or who are enrolled in certain post-baccalaureate programs that lead to certain certification or licensure, as well as to those who demonstrate financial need, according to the results of the Free Application for Federal Student Aid (FAFSA) and meet all other eligibility requirements.
Students are required to file the Free Application for Federal Student Aid (FAFSA) and will then receive the results of their FAFSA directly from the Federal Processing Center. Shortly thereafter, the Office of Financial Aid receives the same information electronically. Awards are based on the Expected Family Contribution (EFC) as determined by a federal methodology, the cost of attendance, the number of credits attempted in a given semester, and the federal appropriation for the program, as determined by Congress. To maintain eligibility for the Federal Pell Grant, students must apply by submitting the FAFSA annually, continue to meet the financial need guidelines and eligibility rules, and maintain the minimum satisfactory academic progress standards as established by New York Institute of Technology. Students must also not be in default on any student loan or owe a repayment of Federal Pell Grant funds for attendance in a prior period. Students may not receive a Federal Pell Grant from more than one institution at a time.
Effective as of the 2012–2013 Award Year, the U.S. Department of Education has established regulations for the duration of a student's eligibility to receive a Federal Pell Grant. A student may receive up to 12 full-time semesters (six years or its equivalent) of a Federal Pell Grant. This regulation applies to all students eligible for Federal Pell Grants HEA section 401(c)(5) and Title 34 CFR 690. If the institution receives notification from the U.S. Department of Education that a Federal Pell Grant applicant has reached, or is close to, the maximum lifetime award, the institution and the U.S. Department of Education will notify the student, and the Office of Financial Aid will adjust all awards as necessary.
Reference: 2023–2024 FSA Student Handbook, Volume 7, Chapter 8, p. 46
Federal Pell Grants are offered during the fall and spring semester for eligible students. Effective beginning with the 2017–2018 award year, students may be eligible for Federal Pell Grant funds for up to 150 percent of the Federal Pell Grant Scheduled Award for an award year. This provision of Section 401(b)(8) of the Higher Education Act of 1965 (HEA) as added by section 310 of the Department of Education Appropriations Act, 2017 allows students to receive a Federal Pell Grant during a summer period of enrollment if certain conditions are met.
To be eligible for additional grant funds during a summer period of enrollment, a student must be otherwise eligible to receive the Federal Pell Grant for the payment period and must be enrolled at least half-time in the payment periods for which the additional grant funds in excess of 100 percent of the student's Pell Grant Scheduled Award are received.
Any additional grant funds received will be included in determining the student's Federal Pell Grant duration of eligibility and Lifetime Eligibility Used (LEU).
Reference: 2023–2024 FSA Student Handbook, Volume 7, Chapter 5, p. 30
The Federal Supplemental Educational Opportunity Grant (FSEOG) program provides need-based grants to help low-income undergraduate students finance the costs of postsecondary education, and may be available to students who are eligible for Federal Pell Grants. Federal funds are limited for this program—only applicants who demonstrate the greatest financial need are considered for FSEOG. These limited campus-based funds are awarded by the Office of Financial Aid in amounts ranging from $100 to $4,000 per year. Award amounts are dependent upon many factors including, but not limited to: financial need, the time at which the student applies for federal financial aid, amount of other aid a student receives, and availability of funds. Students must file a Free Application for Federal Student Aid (FAFSA) each year as part of the application process for an FSEOG. Eligibility is determined annually based on results from the FAFSA and students must maintain satisfactory academic progress as determined by the applicable New York Institute of Technology degree program rules.
New York Institute of Technology participates in the federally sponsored Federal College Work-Study Program (FCWS). This program provides part-time jobs to students with financial need while enrolled at the university. A Federal Work Study job is different from other jobs for the following two reasons:
Students should complete the Free Application for Federal Student Aid (FAFSA) as early as possible in their application process and indicate a desire to participate in the Federal College Work Study Program on the FAFSA application. The Office of Financial Aid will determine a student's eligibility based on demonstrated financial need and availability of federal funds.
If a student is eligible and would like to participate in the Federal College Work-Study Program, they must accept the offer of assistance via their online Student Service HUB self-service portal. If a student fails to contact the Office of Student Employment by the first week in October for the fall semester, or the first week in February for the spring semester, there is a risk that the college work-study offer may be canceled. Funds are limited and there is usually a waiting list of students who would like to obtain positions. Jobs are available both on and off campus and could include community service work. Once students are assigned a job, they will receive a paycheck for the hours they've worked. If a student does not work enough hours, they may not earn all of the funds that have been offered.
Please be aware that the amount of Federal College Work Study indicated on the Financial Assistance Plan is not deducted from the student's tuition bill, but rather reflects the amount of money available for the student to earn under the program. It is the student's responsibility to obtain a job through the Office of Student Employment. Renewal is dependent upon continued demonstration of financial need, availability of federal funds, and maintenance of the minimum academic standards established by New York Institute of Technology. Students are required to file the FAFSA and indicate a desire to participate each year for continued determination of eligibility.
If you have been offered Federal Work Study (FWS) for the 2024–2025 academic year, and have accepted your FWS offer, the next step is to find a part-time job on or off campus.
During the school year, you are able to work up to 20 hours per week. During school breaks and summer, you are able to work up to 35 hours per week. You will be eligible to work from July 1, 2024 – June 30, 2025. Once you have earned all the money you have been offered, you must stop working.
NYIT TAP CODE – 2120
The following information is taken from the New York State Higher Education Services Corporation (HESC) website at hesc.ny.gov. Please contact the Office of the Registrar for specific program eligibility requirements.
The New York State Tuition Assistance Program (TAP) helps eligible New York State residents pay tuition at approved schools in New York State. Depending upon the academic year in which you begin study, an annual TAP award currently has a maximum eligibility of $5,665. TAP is a grant from the state. It does not have to be paid back.
To be eligible for TAP, you must:
* Credit-bearing courses in the student's minimum full-time course load (12 semester hours or the equivalent) must consist of courses applicable to the student's program of study as a general education requirement, major requirement, or elective.
Students who do not meet all of the New York State residency and/or United States citizenship eligibility requirements for the TAP Grant may apply under the the Senator Jose Peralta New York State DREAM Act. For eligibility requirements and application information, visit the NYS HESC website.
TAP Certification Process: Each semester, the Office of the Registrar must certify the TAP award based on eligibility guidelines listed above. TAP certification begins after the end of the add/drop period and continues throughout the academic year.
What Determines the Amount of the TAP Award?
The award amount is determined by:
How to maintain eligibility for TAP
To remain eligible for New York State student financial assistance, you must remain in good academic standing. Two elements make up good academic standing: making satisfactory academic progress toward a degree and pursuing the program of study. See Satisfactory Academic Progress for TAP and Four- and Five-Year Baccalaureate Programs at hesc.ny.gov.
How to apply for TAP
To apply for TAP, you and your parents (if dependent) must first create a FSA ID. The student logs onto Free Application for Federal Student Aid (FAFSA) with their FSA ID, and both the parent and student sign the FAFSA using their FSA ID and submit it to the federal government.
If you are eligible to receive federal student aid (also known as Title IV aid), you must complete both the FAFSA and the NYS TAP application. If you are not eligible to receive federal student aid (also known as Title IV aid), you must simply complete the NYS TAP application under the provisions of the NYS DREAM Act (see eligibility criteria for NYS TAP through the NYS DREAM Act).
If you are a New York State resident and did not complete the NYS TAP application after filing your FAFSA, you will receive an email from HESC—usually within three to four days of completing the FAFSA—with instructions on how to complete the TAP on the web application, provided you selected at least one NYS college on the FAFSA.
At the beginning of the online TAP application on HESC, you will be prompted to create a HESC-specific user name and personal identification number called a HescPIN. You will use your HescPIN when electronically signing your TAP application and when accessing your HESC account information in the future. The NYS TAP school code: 4 Years Undergraduate – 2120.
If you are a qualifying New York State resident, you should complete the TAP application online using the New York State link on the FAFSA Submission Confirmation page, or by going to hesc.ny.gov.
The application deadline for TAP is June 30 of the academic year for which the aid is sought.
The Aid for Part-Time Study (APTS) program provides grant assistance for eligible part-time students enrolled in approved undergraduate studies.
This New York State grant program provides aid amounts up to $2,000 per year ($1,000 per semester) for eligible part-time students enrolled in at least three (3) but fewer than twelve (12) credit hours per semester. An APTS award cannot exceed tuition charges. Students must be enrolled for the entire 15 weeks of the semester for which they are seeking APTS.
To be considered for an APTS award, you must:
* Private pension and annuity amounts are to be included in the calculation of income used for determining APTS award eligibility.
Note: Net Taxable Income refers to that portion of income on which tax is payable after relevant exemptions and deductions have been taken into consideration, as reported on the appropriate New York State Income Tax Return. Individuals are required to report income, including income earned from outside NYS, on their APTS application regardless of whether they filed federal or state taxes, unless the income is not considered taxable by NYS law.
Funding is limited and students are strongly urged to apply early by completing the Aid for Part-Time Study application and submitting it to the Office of Financial Aid along with a copy of the appropriate year NYS Tax Return form for the student, spouse, and/or parents (if applicable). Students must submit all required documentation to the Office of Financial Aid as soon as requested.
NYIT TAP CODE – 2120
Part-Time TAP helps eligible New York residents attending in-state postsecondary institutions on a part-time basis pay for tuition. Part-Time TAP is a grant and does not have to be paid back.
To be eligible for Part-Time TAP, you must meet all of the eligibility requirements for TAP. Additionally, students must be taking at least six (6) but fewer than twelve (12) credits per semester to qualify for Part-Time TAP. The Office of the Registrar will review students' academic records for Part-Time TAP eligibility.
To apply for Part-Time TAP, complete the NYS HESC TAP application after completion of your Free Application for Federal Student Aid (FAFSA) or at hesc.ny.gov.
Part-Time TAP is not the same as Aid for Part-Time Study. Students may qualify for both Part-Time TAP and Aid for Part-Time Study in one semester, provided they meet eligibility criteria.
Veterans Tuition Awards (VTA) are awards for full-time and part-time study for eligible veterans matriculated in an approved program at an undergraduate or graduate degree-granting institution or in an approved vocational training program in New York State.
Note: Students previously approved for this award must apply for payment each year. Those students who are attending an approved undergraduate or graduate program may apply for payment for the current academic year by completing the Free Application for Federal Student Aid (FAFSA) and then linking to the TAP on the web application. See How to Apply for Payment below for additional details.
Award Amounts
Duplicative Benefits
The combined tuition benefits available to a student cannot exceed the student's total tuition costs. Tuition payments received by a student under the Post-9/11 GI BILL® (Chapter 33 veteran benefits) and Yellow Ribbon Program are considered duplicative of any VTA and/or TAP award. Students receiving tuition assistance through these programs may, and in most cases will, have their state VTA and/or TAP payment reduced or denied due to these other benefits; however, payments received under the Montgomery GI BILL® do not duplicate the purpose of the VTA and/or TAP.
Note: Students attending high tuition schools may be eligible to receive both the federal and state benefits. Additionally, students with a "Percentage of Maximum Benefit Payable" under the Post-9/11 GI BILL® (Chapter 33 veteran benefits) Program of less than 100 percent and those continuing to receive benefits under the Montgomery GI BILL® may also receive both federal and state benefits.
Full-time Study
Part-time Study
Approved programs are defined as undergraduate degree, graduate degree, diploma, and certificate programs at degree-granting institutions, or non-credit vocational training programs of at least 320 clock hours specifically approved by the New York State Education Department Office of College and University Evaluation.
Eligible Veterans
Eligible students are those who are New York State residents discharged under honorable conditions from the U.S. Armed Forces and who are:
Students must also:
How to Establish Eligibility
Complete the New York State Veterans Tuition Award Supplement or contact HESC. Questions regarding eligible service or how to document service should be directed to the HESC Scholarship Unit.
How to Apply for Payment
Once you have established your eligibility, you must apply for payment. While you need only establish your eligibility once, you must apply for payment each year.
For undergraduate and graduate, full-time and part-time study:
For veterans who do not anticipate filing a FAFSA, complete a Scholarship Grant Payment Application. To receive a copy of the application, please call 888.697.4372.
First-time applicants for NYS financial aid under the provisions of the DREAM Act must apply for eligibility under the NYS DREAM Act before applying for the Veterans Tuition Awards program. If you have previously qualified under the NYS DREAM Act, you will simply need to log into your account and add a new application to apply for the Veterans Tuition Awards.
For Vocational Training Program students, complete and submit only the NYS Veterans Tuition Award Application.
All applications must be completed by June 30 of the academic year for which an award is sought. To learn more about programs and benefits for veterans, visit the Division of Veterans Affairs website.
Eligibility from NYS HESC
Enrolled members of a New York State tribe and their children who are attending, or planning to attend, a college in New York State and are New York State residents may apply for a New York State Aid to Native Americans award. Awards are made to all eligible applicants and there is no qualifying examination. Awards are available for two-, four-, or five-year programs.
Available Awards
Eligible and/or certified American Indian students are eligible to receive grant awards of up to $2,000 per year ($1,000 per semester) for up to four years of full-time study (five years for specific programs requiring five years to complete degree requirements). Students registered for less than 12 credit hours per semester will be considered "part-time" and will be funded on a prorated basis.
Funding is discretionary and can be used towards any direct or indirect cost of attendance. If funding is available, eligible students may receive aid for summer course work. Any aid a student receives for summer school study is deducted from the student's maximum entitlement for four years of full-time college study.
Application Process
In addition to submitting the completed application, students must provide the following supporting documents:
Applications and supporting documentation must be postmarked by July 16 for the fall semester, by January 4 for the spring semester, and by May 20 for the summer session (pending funding availability). There are no application fees. Students must apply for each semester of aid.
More Information
Specific eligibility criteria and information can be found at the New York State Education Department (NYSED) Indigenous Education Program Unit, or contact them by phone at 518.474.0537.
The mission of the Adult Career and Continuing Education Services–Vocational Rehabilitation (ACCES-VR) program is to assist individuals with disabilities to achieve and maintain employment, and to support independent living through training, education, rehabilitation, and career development. They provide vocational, rehabilitation, and independent living services to all eligible persons to enable them to work and live independent, self-directed lives.
For further information, contact 1.800.222.JOBS (5627) or visit NYSED.
The Federal Perkins loan program ended on September 30, 2017 with final disbursements permitted through June 30, 2018 by federal law. Students can no longer receive Federal Perkins loans.
Perkins loans are eligible for federal loan cancellation. This allows 50 percent of your original debt to be cancelled with three-year service as a teacher in certain areas or as a volunteer in the Peace Corps. More information is available at studentaid.gov.
Reference: 2023–2024 Federal Student Handbook Volume 6, Chapter 4
The William D. Ford Federal Direct Student Loan Program, sponsored by the U.S. Department of Education, offers low interest rates, easy repayment terms, and is geared toward those entering or re-entering the workforce. The loan is not credit based and only requires that students meet specific eligibility requirements. All students must file a Free Application for Federal Student Aid (FAFSA) in order for the Office of Financial Aid to determine eligibility for a Federal Direct Loan. Depending on enrollment status, FAFSA results, cost of attendance, and other factors, an amount and type of Federal Direct Loan (Subsidized or Unsubsidized) will be offered to eligible students. The federal government is the lender for student or parent loans received through the Federal Direct Loan Program.
The Department of Education developed a process that all Federal Direct Loan borrowers (subsidized, unsubsidized, graduate PLUS, and parent PLUS loans) are encouraged to complete each year called the Annual Student Loan Acknowledgement (ASLA). The ASLA (formerly known as the Informed Borrowing Confirmation process) is intended to better assist borrowers in understanding the financial responsibility of funding their education and provide current information on a borrower's cumulative loan balance. As part of the Master Promissory Note (MPN) confirmation process, the ASLA allows student and parent borrowers to view how much they currently owe in federal student loans, and to acknowledge that they have seen these amounts before borrowing new loans each award year. The ASLA can be completed online at studentaid.gov/asla and becomes available in April each year.
Public Law 112-74 amended the Higher Education Act (HEA) to temporarily eliminate the interest subsidy provided on Direct Subsidized Loans during the six-month grace period provided to students when they are no longer enrolled on at least a half-time basis. This change was effective for new Direct Loans for which the first disbursement was made on or after July 1, 2012, and before July 1, 2014. The federal government will continue to pay interest that accrues on the Direct Subsidized Loan during in-school and other eligible deferment periods.* The federal government does not pay interest on Direct Unsubsidized Loans at all. Students have the option to pay interest on the unsubsidized portion of a Direct Loan while in school, during other eligible periods of deferment, or let interest accrue until repayment begins. Deferred interest payments on Direct Unsubsidized Loans will be added to the principal loan amount and capitalized by the lender (meaning accrued interest will be added to the principal amount borrowed at repayment).
Applicants must be enrolled at least half-time to be eligible for a Federal Direct Loan and to maintain eligibility for in-school deferments (minimum six credits per semester, with all credits applicable to the degree program of study).
The following charts describe annual and aggregate maximum eligibility for the Federal Direct Loan Program, based on dependency status and grade level.
Dependent Undergraduate Students
| Freshman 0–30 Credits |
Sophomore 31–62 Credits |
Junior 63–96 Credits |
Senior 97+ Credits |
Aggregate Limit | |
|---|---|---|---|---|---|
| Subsidized | $3,500 | $4,500 | $5,500 | $5,500 | $23,000 |
| Unsubsidized | $2,000 | $2,000 | $2,000 | $2,000 | $8,000 |
| Total Direct Loans | $5,500 | $6,500 | $7,500 | $7,500 | $31,000 |
Independent Undergraduate/Dependent Undergraduate Students with PLUS Denial
Undergraduate students whose parents have been denied the Direct PLUS loan (based on credit), may apply for an additional $4,000 (first-year and second-year students) or $5,000 (third-year students and beyond) Direct Unsubsidized Loan (described under the subheading for Federal Direct Loans).
| Freshman 0–30 Credits |
Sophomore 31–62 Credits |
Junior 63–96 Credits |
Senior 97+ Credits |
Aggregate Limit | |
|---|---|---|---|---|---|
| Subsidized | $3,500 | $4,500 | $5,500 | $5,500 | $23,000 |
| Unsubsidized | $6,000 | $6,000 | $7,000 | $7,000 | $34,500 |
| Total Direct Loans | $9,500 | $10,500 | $12,500 | $12,500 | $57,500 |
Graduate Students
Ineligible for subsidized loans first disbursed on or after July 1, 2012.
| Graduate Limit | Aggregate Limit | |
|---|---|---|
| Unsubsidized | $20,500 | $138,500 |
Through the possible combination of Subsidized and Unsubsidized Direct Loans, every student meeting all academic and eligibility requirements should be able to participate in the Federal Direct Loan Program. Information about the William D. Ford Direct Loan Program can be found at the Office of Financial Aid and studentaid.gov.
Regulations also require the Office of Financial Aid to offer financial aid based on the results of the needs analysis calculated by the federal government from the Free Application for Federal Student Aid (FAFSA) and to perform an eligibility file review for every student applying for the Federal Direct Loan. The Office of Financial Aid must review each application and will recommend an amount according to the number of credits attempted, number of credits completed, grade level, cost of attendance, outside resources available to each student, and the Expected Family Contribution (EFC) as derived from the FAFSA. Loan repayment will not be required while the student maintains at least half-time attendance (minimum six credits per semester), with all credits applicable to the degree program of study. Repayment of principal and interest begins six months after the student leaves school or drops below half-time attendance.
Effective for Federal Direct Loans first disbursed on or after July 1, 2006, the interest rate is fixed. Prior to this date, Federal Direct Loan interest rates were variable. Federal Direct Loan interest rates change from year to year (in July), and may also change specifically for one type or the other; Subsidized, Unsubsidized, or Graduate or Parent PLUS. The interest rate for undergraduate subsidized and unsubsidized loans disbursed between July 1, 2022 – June 30, 2023 is 4.99 percent. Students who received loans prior to the aforementioned dates and who still have balances outstanding on those loans will continue with the interest rate rules in effect at the time of their original loans. Borrowers will also be charged an origination fee. The origination fee represents the lender's (the federal government) fee for making the loan. For loans disbursed after October 1, 2022 and before October 1, 2023, the origination fee is 1.057 percent.
SULA (subsidized usage loan limit restriction) was removed effective August 13, 2021, "Specifically, the Secretary removes the subsidized usage loan limit restriction (SULA) for any borrower who receives a Federal Direct Subsidized Loan first disbursed on or after July 1, 2021, regardless of the award year associated with the loan. In addition, all subsidy benefits will be reinstated retroactively to the date on which the loss of subsidy was applied for all Federal Direct Subsidized Loans with an outstanding balance on July 1, 2021, and for all award years since the 2013–2014 award year. The Secretary also removes regulations related to the subsidized usage loan limit restriction and makes other technical changes."
Information about the William D. Ford Federal Direct Loan Program can be found at studentaid.gov or by visiting Financial Aid – Federal Loan Limits.
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) became law and provided emergency COVID-19 relief measures on federal student loans owned by the Department of Education. The relief measures include suspension of loan payments, stopped collections on defaulted loans, and a 0 percent interest rate. On November 22, 2022, the student loan payment pause and 0 percent interest rate were extended until 60 days after the federal debt relief program is implemented or litigation is resolved. Payments will resume 60 days after June 30, 2023 if the debt relief program is not implemented and the litigation has not been resolved. The Department of Education will notify borrowers before repayments restart. More information is available at studentaid.gov.
A standard academic year for New York Institute of Technology is two semesters, fall and spring. However, a Borrower-Based Academic Year (BBAY), or Seasonal Loan, is specific to the period of study the student is attending and looking to borrow federal loans. For example, a summer/fall academic year (two semesters) or a spring/summer academic year (two semesters) represents a BBAY or Seasonal Loan period. Seasonal Loans are available upon request for those students who wish to receive federal student loans for borrower-based academic years.
Students who are enrolled at least half-time (six credits) during the summer session may request to be reviewed for Federal Direct Loan eligibility for the summer term. The Office of Financial Aid will determine the student's eligibility for federal and/or private loans for this period of enrollment based on FAFSA information and financial aid history. A student will be offered federal loans for a borrower-based year consisting of two terms, either summer/fall or spring/summer, unless the student is graduating or changing enrollment status.
In order to offer aid to a student, the Office of Financial Aid must have a valid FAFSA on file for the appropriate academic year. Students borrowing loans for a BBAY, i.e., summer/fall or spring/summer, should also submit a Seasonal Loan Request form, which the Office of Financial Aid will use to determine the cost of attendance and budget for the terms being awarded. Students must complete the form in full with information for both terms, otherwise it will not be processed.
Students should understand that Federal Direct Loans taken during summer sessions still count towards aggregate loan limits and may result in exhausting eligibility more quickly than with a traditional two-semester year (fall/spring). Students should also be aware that most institutional scholarships and grants are only offered during the fall and spring semesters.
We strongly recommend that students speak with a Financial Aid Advisor when completing and submitting the Seasonal Loan Request form to the Office of Financial Aid, as they may have pertinent questions that can be answered in advance to avoid processing delays.
A Federal Direct Parent Loan for Undergraduate Students (PLUS) is an unsubsidized federal loan for the parents of dependent students. PLUS loans help pay for education expenses up to the cost of attendance, minus all other financial assistance. The application process includes a credit approval requirement and interest is charged during all periods, including eligible periods of deferment.
The Department of Education developed a process that all Federal Direct Loan borrowers (subsidized, unsubsidized, graduate PLUS, and parent PLUS loans) are encouraged to complete each year called the Annual Student Loan Acknowledgement (ASLA). The ASLA (formerly known as the Informed Borrowing Confirmation process) is intended to better assist borrowers in understanding the financial responsibility of funding their education and provide current information on a borrower's cumulative loan balance. As part of the Master Promissory Note (MPN) confirmation process, the ASLA allows student and parent borrowers to view how much they currently owe in federal student loans, and to acknowledge that they have seen these amounts before borrowing new loans each award year. The ASLA can be completed online at studentaid.gov/asla and becomes available in April each year.
Creditworthy borrowers (the parents of dependent undergraduate students) may borrow up to the full cost of attendance, minus any other aid received by the student. Repayment begins 60 days after the last disbursement is made and can be deferred during the application process or by contacting your loan servicer to request a deferment. Direct PLUS Loans can be deferred while the parent-borrower or dependent student is enrolled at least half-time and for an additional six months after the child or graduate student ceases to be enrolled at least half-time. If the Direct PLUS Loan is deferred, interest will accrue on the loan during the deferment. You may choose to pay the accrued interest or allow the interest to capitalize when the deferment period ends. Your loan servicer will notify you when your first payment is due. Information about the William D. Ford Federal Direct Loan Program can be found at studentaid.gov.
Previous PLUS loan borrowing will be governed by rate rules in effect at the time of borrowing. There is an origination fee that will be deducted from the principal amount borrowed. If denied, applicants may appeal the credit decision through the Department of Education or reapply with a creditworthy endorser. Applicants who appeal the denied credit decision or apply with an endorser are required to complete PLUS Credit Counseling. Alternatively, students whose parents have been denied the Direct PLUS loan (based on credit), may apply for an additional Direct Unsubsidized loan of $4,000 for first- and second-year undergraduate students, or $5,000 for third-year undergraduate students and beyond (described under Federal Direct Loans). The benefit of additional unsubsidized loan eligibility does not apply to graduate students whose Direct Graduate PLUS application has been denied due to credit.
New York Institute of Technology is not affiliated with any private educational lender and encourages students to use all federal and state funding sources prior to seeking funds from private educational lenders. The Office of Financial Aid will offer helpful advice to all students on resources that best suit financing their educational needs.
Additional information can be found at Financial Aid – Loans and Truth in Lending (TILA).
Once you have received and responded to your Financial Assistance Plan, you can apply for private loans. Helpful information on private loans is listed below. Remember that Federal Direct Loans are also available.
As a borrower, you have the right and ability to borrow student and/or parent private loan funds using any lender you choose. The university encourages students to research and select any of the many educational lenders that provide meaningful benefits to your specific needs. Please note that borrower benefits and lender fees may vary by lender.
Many lenders have an online application process and will inform you of the credit decision within 24–48 hours. The lender will notify the Office of Financial Aid of your loan approval. You may also contact the Office of Financial Aid at finaid@nyit.edu or 516.686.7680 to inform us if you have been approved for a private student loan so that we may process and certify your loan correctly. As always, we are here to assist you in any way possible. Helping our students to achieve their academic goals is our top priority.
Private student loans are used to fill the gap between the cost of education and financial aid received. It is recommended that you first borrow the maximum Federal Direct Loans for which you are eligible and consider the Federal Parent Loans for Undergraduate Students (PLUS) loan before applying for an alternative student loan. The Federal PLUS loan is usually less expensive than an alternative loan. In addition, alternative loans are based on credit and debt-to-income ratio whereas the PLUS loan is based on credit only.
Some private loan lenders charge fees on their loans, which can significantly increase the cost of the loan. A loan with a relatively low interest rate but high fees may ultimately cost more than a loan with a higher interest rate and no fees. Also, be aware that the higher the number of payments/years that you have to repay the loan, the more money you will pay in interest over the life of the loan.
Lower rates are generally offered to students with extremely good credit scores. The rates and fees generally increase proportionately as credit scores decline. Many lenders will require school certification and will not lend more than what the school determines to fit into the total cost of education less all other financial aid received.
Private loan lenders often defer the principal payment while the student is in school, and up to six months or more after the student's last date of attendance (known as a grace period). During the time of principal deferment, interest is still accruing on these loans. If a student elects not to pay interest while in school, the lender will add the interest to the principal loan amount (capitalization). It is not uncommon for a lender to advertise lower interest rates during in-school and grace periods and then increase the interest rate when full repayment begins.
Students may apply for a private loan with a creditworthy co-borrower if they are unable to borrow a loan on their own. In some cases, it may be advisable to have a co-borrower even if they are able to borrow a loan on their own, as many lenders offer lower interest rates and/or fees for loans with a creditworthy co-borrower.
New York Institute of Technology study abroad programs offer exciting and effective ways to learn about the rapidly changing world and offer students opportunities to experience different cultures. The university has several study abroad programs administered by various academic departments that enable students to earn credits toward an academic degree. Many students choose the summer programs, which have been developed over the years by the individual schools and colleges.
Students who plan to study abroad must contact their respective academic department for details about program enrollment. Students from other colleges and universities may be eligible to participate in study abroad programs. If non-New York Institute of Technology students want to use federal aid, a completed Contractual Agreement must be completed by the student's home school and be on file at New York Tech. For more information on financing for any contractual agreement or study abroad programs, contact the Office of Financial Aid. Students can determine eligibility for study abroad programs by contacting the appropriate program director or coordinator.
The cost of attendance for the program will be provided by the New York Tech study abroad program coordinator. Actual costs will depend on current airfares, exchange rates, and other factors. New York Tech students participating in study abroad programs for credits toward their approved degree program may be eligible for financial aid, including grants (during a fall or spring semester) and loans. Students must:
Eligible veterans should visit VA.gov, and state aid recipients should visit their state aid departments to determine if VA benefits or state aid can be used for study abroad programs. All forms must be completed within established deadlines as set by the Office of Financial Aid. For summer sessions I and III, all documents must be received no later than May 1. For summer session II, all documents must be received no later than June 1.
For more details, contact:
New York Institute of Technology
Office of Financial Aid
Northern Boulevard
Old Westbury, NY 11568-8000
Phone: 516.686.7680
Fax: 516.686.7997
New York Institute of Technology students who want to attend foreign schools (both Title IV and non-Title IV eligible) and non-Title IV eligible domestic institutions for a semester may be able to use federal financial aid under a Contractual Agreement. Students must be approved by their respective academic department prior to attending the semester(s). New York Tech scholarships are not applicable for study under a contractual agreement.
At least four weeks prior to the start of the semester, students must contact the Office of Financial Aid to:
The regulations of the U.S. Department of Education govern Title IV student eligibility and eligible amounts. Based on federal regulations, there is a limit on the portion of the program that can be offered by the host school under a contractual agreement. The portion allowed ranges between 25 percent and 50 percent of an educational program that can be provided by the ineligible school.
New York Institute of Technology students who want to attend other institutions in the United States for a semester may be able to use federal financial aid under a Consortium Agreement. Students must be approved by their respective academic department prior to attending another institution for the semester(s).
New York State funds are not applicable to study under consortium agreements with schools that are not in New York State. Institutional grants and scholarships may not be applicable for study under consortium agreements.
At least four weeks prior to the start of the semester(s), students must contact the Office of Financial Aid to complete the Consortium Agreement:
The Department of Education has implemented regulations governing repeated coursework effective July 1, 2011, per federal regulations (Title 34 CFR Section 668.2). The regulations have been implemented to improve the pace of graduation completion for students, which in turn should reduce loan indebtedness and preserve grant funding levels.
Repeating courses may significantly impact Satisfactory Academic Progress (SAP) and eligibility for Title IV federal financial aid and institutional aid. Grades of D or better in repeated courses will be counted as earned credits. All course repeats will count as attempted credits and be used in the quantitative and maximum time frame components of the SAP policy. Students should consult with a financial aid advisor before registering for a repeated course. Students may be full-time or part-time.
The rules regarding repeated coursework will further impact recipients of Title IV federal financial aid funding. Students are allowed to repeat coursework under these circumstances for federal financial aid, Reference: Title 34 CFR Section 668.2(b):
See the following examples for how the Repeated Coursework Policy affects financial aid:
Example 1: A student has received an F in a class. The student then receives an F in the same class next semester, and the semester following that. Financial aid will count those courses toward their enrollment for programs that require certain enrollment statuses. After the fourth try, the student receives a D. The student decides that they will try to get a better grade next semester. The following semester, the student receives another F. Financial aid will no longer pay for that course for subsequent semesters.
Example 2: A student has received a C in a class. The student takes the class again in hopes of achieving a better grade, but then receives an F in the same class next semester. Financial aid will not pay for the course again. The student would be responsible for payment of the course if they register for it again.
More examples:
The programs that New York Institute of Technology offers for which minimum grades are required and courses can be repeated include:
Students in these programs may have one time to repeat a course in which they received a grade of C or below. Please refer to course descriptions to determine individual courses with minimum grade requirements for these programs.
New York State Higher Education Services Corporation (NYS HESC) has different regulations regarding repeat coursework as it pertains to eligibility for the Tuition Assistance Program grant (TAP) and other NYS HESC grants and scholarships. A student can repeat a course for which they did not previously earn credit (i.e., F, W, or UW grade), and have the course count as part of the minimum full-time or part-time course load for NYS financial aid purposes. However, receiving W or UW grades can negatively impact NYS HESC pursuit of program requirements.
Other circumstances where a student can repeat a course and have it count toward the minimum credit requirement are:
Additionally, a course repeated only to improve the cumulative GPA cannot be counted toward the minimum course-load or pursuit of program requirements for NYS HESC grants and scholarships.
All students transferring from other institutions will have their credits evaluated by the Transfer Credit Evaluation department once admitted to New York Institute of Technology. The final number of transferred credits will be posted to the system of record only after the student is enrolled and all final official transcripts and relevant test scores have been received.
In the absence of recorded accepted transfer credits, the financial aid package will be prepared based on a first-year level status. Once transfer credits are finalized and posted to the student's record, the student must contact the Office of Financial Aid to determine eligibility for an increase in federal student loans based on academic grade level if desired.
Students enrolled in a combined undergraduate/graduate program are considered undergraduate for the first 90 credits for the purposes of awarding federal student aid, excluding students enrolled in the B.S./D.O.* program. Upon satisfactory completion of 90 undergraduate credits, they may become eligible to receive federal student loans at the graduate level. Students must apply for the graduate portion of their combined program by contacting the Office of Graduate Admissions. Students who have been awarded an undergraduate academic scholarship, and continue to meet renewal criteria, will receive the scholarship while enrolled in the undergraduate portion of the program only, up to 90 credits. After transition to the graduate level (91+ credits; excluding B.S./D.O.*), students may be eligible for a variety of special scholarship programs depending on the enrolled program of study, cumulative GPA, and other factors. In order to receive graduate-level financial aid, the student must also update the FAFSA student data fields from undergraduate to graduate level.
* B.S./D.O. students require 115 credits to be completed in the first six semesters of the program. Upon completion of these credits, B.S./D.O. students enter NYIT College of Osteopathic Medicine and are under the auspices of NYITCOM's Financial Aid Office policies pertaining to institutional aid.
Students enroll in a single seamless program where they will be expected to complete both undergraduate and graduate degrees. The program sometimes offers special sections of required courses specifically for students in the combined program, but otherwise completes the requirements for both degrees.
These are two separate degree programs with two separate entry points. Students first enroll in a bachelor’s program. In their junior or senior year, if they have a sufficiently high GPA, they may take certain graduate-level courses to complete their undergraduate requirements. Upon graduating with their bachelor’s degree, they may then enroll in a related master’s program, with the benefit of having already earned credits towards their graduate degree. This allows them to earn their second degree on an accelerated basis, usually in half the time of a normal master’s degree.
Note: Since accelerated master's programs consist of two separate degree programs, unlike the combined degrees, there are no changes in the normal rules for financial aid.
A student in an undergraduate degree program is not eligible for federal loans at a graduate grade level based on taking graduate coursework as a part of the undergraduate program. An undergraduate student who elects to enroll in graduate coursework must obtain approval from both the academic department and the Office of the Registrar to have the course(s) designated as required for the undergraduate degree program. Once permission is granted, the course cannot be subsequently designated as a graduate course if/when a student officially enters a graduate program for financial aid purposes.
Additionally, student financial aid cannot be used twice to pay for the same coursework (except as required by law for failed coursework). For example, student financial aid cannot be used to pay for a course designated as undergraduate coursework, then again for the same coursework designated as graduate level. In all cases, the coursework taken must lead to a degree in the enrolled program of study.
Please be aware that financial aid is awarded based on a student's enrollment status and degree/course agreement for the declared program of study.
Federal References:
A student may apply for a Federal Direct Loan for preparatory coursework that the college has documented as necessary for them to enroll in an eligible program. Courses must be part of an eligible program otherwise offered by the college. If enrolled at least half-time in these prerequisite courses, a student may be eligible for loans for one consecutive 12-month period beginning on the first day of the loan period.
Preparatory coursework prepares a student to be eligible for admission as a regular student into an educational program. In other words, a preparatory course is any prerequisite that must be completed for a specific academic program before being admitted into that academic program at the postsecondary level. For example, this could include being required to complete certain foreign language or other prerequisite courses before being admitted into a postsecondary program. A student must not yet be admitted when those preparatory courses are taken for the purposes of Title IV aid. After the student has been admitted as a regular student by the school, the student cannot receive Title IV aid for any preparatory coursework; at that point, Title IV aid can only be paid for courses which count toward degree completion requirements. After admission, prerequisite courses that do not count toward degree completion and are not remedial courses cannot be paid with Title IV aid.
An undergraduate student may borrow up to $8,625 (for the one consecutive 12-month period) in Federal Direct Subsidized and Unsubsidized Loans if they are taking prerequisites coursework required for an undergraduate degree. A student in an undergraduate program cannot receive the graduate loan limits based on taking graduate coursework as a part of the undergraduate program.
Breakdown of the loan limits for undergraduate degree preparatory coursework is as follows:
Breakdown of the loan limits for undergraduate students taking preparatory coursework required for enrollment in a graduate degree program:
** Loan limit is not prorated if the coursework lasts less than an academic year. See 2023–2024 FSA Handbook, Volume 8, Chapter 1, for more information on FSA eligibility for this coursework.
To be eligible for loans under this exception, a student must be taking prerequisite classes for full admission into a graduate program. If a student is only taking them to raise their GPA in order to be admitted, they would not qualify. The ability to borrow funds requires that a student has not reached undergraduate loan limits for subsidized and unsubsidized loans.
Eligibility for a federal student loan may be granted for up to one calendar year (one consecutive 12-month period) if the student is enrolled in coursework required to meet prerequisites for admission into a degree program. In order to be offered federal student loans for preparatory coursework, students must complete a Preparatory Coursework Form with the academic department chairperson, or other departmental designee, and submit completed form to the Office of Financial Aid.
Reference: 2023–2024 FSA Handbook Vol. 1, Ch. 1, pp. 2–3; plus Code of Federal Regulations Title 34 CFR 668.20; Title 34 CFR 668.8(j); and Title 34 CFR 668.32
ESL courses taken when a student is enrolled in an ESL program are not eligible for financial aid. ESL courses are non-academic courses, which are not counted toward the completion of a student's degree. ESL courses are used in preparing a student for being able to pursue their courses to obtain their degree; these non-credit courses do not go toward the student's federal financial aid. Federal aid is provided for courses that are required for the degree the student is pursuing.
ESL courses do not count against the one-year limitation on remedial coursework, and they need not be at the secondary school level.
If taken as part of an approved academic program and have credit equivalencies, students taking ESL courses are eligible for financial aid purposes and aid will be awarded to cover tuition costs for these courses. In order to be aid eligible, an ESL program must meet the general requirements for eligible programs (e.g., it must lead to a degree or other credential), and a school must request an eligibility determination for it from the department. The program may admit only students who need instruction in English to be able to use the knowledge, training, or skills they already have. The school must document its determination that the ESL instruction is necessary for each student enrolled. Awarding Pell Grants over a series of semesters for such work can exhaust eligibility for Pell Grants before the student completes their program. In other words, students enrolled in a program that consists solely of English as a second language (ESL) instruction are only eligible for Pell Grants.
Students admitted as conditional are regular students only if the school officially accepts them into the eligible degree or certificate program. The Federal Department of Education does not define official acceptance or admission. If the student is merely allowed to take some courses before being officially admitted to the program, the student is not considered a regular student and is not eligible for FSA funds until officially admitted.
If part of a student's academic program, a student can receive aid for a limited amount of remedial coursework that is included as part of a regular program. As long as the student qualifies for aid for remedial courses, you must include the remedial courses in the student's enrollment status. Some schools give no credit or reduced credit for remedial classes. To determine enrollment status, credit hours for the remedial class should be the same as for the comparable full-credit class.
More information about ESL course grading can be found in Academic Policies.
A Cooperative Tuition Award Certificate entitles the cooperating professional to non-monetary value of the credits requested. The credit value is equal to the credit charge that was in effect on the last day of the placement semester. As such, the cooperating professional will be responsible for all charges not covered by the credit award amount. The certificate is non-transferable. The certificate may not be used for payment of a prior semester charge.
The following terms and conditions govern the use of the tuition award:
THE TUITION CERTIFICATE STATEMENT CANNOT BE REPLACED IF LOST OR STOLEN. NO REPRODUCTIONS OF THE CERTIFICATE WILL BE ACCEPTED.
New York Institute of Technology is proud to be a part of the Yellow Ribbon GI Education Enhancement Program. The program is a provision of the Post-9/11 Veterans Educational Assistance Act of 2008 and allows degree-granting institutions of higher learning in the United States to voluntarily enter into an agreement with the VA to fund tuition expenses for the 2024–2025 school year (as of August 1, 2024) that exceed either the $28,937.09 cap for private institutions or the resident tuition and fees for a public institution. The participating educational institution can contribute up to 50 percent of those expenses, and the VA will match the same amount as the institution.
Students must be eligible for the Post-9/11 GI BILL® at the 100 percent level to be considered for the Yellow Ribbon Program. Students must also meet Satisfactory Academic Progress requirements to receive Veteran Benefits, including Yellow Ribbon Program funds.
Specific eligibility requirements for the Yellow Ribbon Program may be found online.
Students must meet at least one of the following criteria:
Note: If you're a member of the Reserves who lost education benefits when the Reserve Educational Assistance Program (REAP) ended in November 2015, you may qualify to receive restored benefits under the Post-9/11 GI BILL®.
Students who wish to be considered for the Yellow Ribbon Program should complete and submit an application form available online. The VA will inform students via written notification with an explanation of its decision on program eligibility. If approved, students will receive a Certificate of Eligibility confirming their service meets the requirements of the program. All Certificates of Eligibility should be presented to the Office of the Registrar for the university's records. The Certificate of Eligibility does not guarantee Yellow Ribbon funding as the availability of annual funds for New York Tech's Yellow Ribbon Program is limited. Student eligibility is determined by the university's Veteran Certifying Officer. In accordance with institutional funding parameters for the 2024–2025 year, Yellow Ribbon funds are awarded and applicable for the summer/fall/spring semesters. It is the student's responsibility to request, complete, and submit all forms with necessary documentation for all financial aid programs in a timely manner.
Duplicative Benefits
The combined tuition benefits available to a student cannot exceed the student's total tuition costs. Tuition payments received by a student under the Post-9/11 GI BILL® (Chapter 33 veteran benefits) and Yellow Ribbon Program are considered duplicative of any VTA and/or TAP award. Students receiving tuition assistance through these programs may, and in most cases will, have their state VTA and/or TAP payment reduced or denied due to these other benefits; however, payments received under the Montgomery GI BILL® do not duplicate the purpose of the VTA and/or TAP.
For more information on selection criteria for New York Tech's Yellow Ribbon Program, contact the Office of the Registrar at 516.686.7580 or registrar@nyit.edu.
The transferability option under the Post-9/11 GI BILL® allows service members to transfer all or some unused benefits to their spouse or dependent children. The request to transfer unused GI BILL® benefits to eligible dependents must be completed while serving as an active member of the U.S. Armed Forces. The Department of Defense (DoD) determines whether or not you can transfer benefits to your family. Once the DoD approves benefits for transfer, the new beneficiaries apply for them at VA. To find out more, visit the DoD's website.
Eligible service members may transfer all 36 months or the portion of unused Post-9/11 GI BILL® benefits (unless DoD or the Department of Homeland Security has limited the number of transferable months). If you're eligible, you may transfer benefits to the following individuals:
Family members must be enrolled in the Defense Eligibility Enrollment Reporting System (DEERS) and be eligible for benefits at the time of transfer to receive transferred benefits.
Please visit the DoD's milConnect site to determine if you are eligible to transfer your benefits.
The option to transfer is open to any member of the armed forces active duty or Selected Reserve, officer or enlisted who is eligible for the Post-9/11 GI BILL®, and meets the following criteria:
Transfer Process
While in the armed forces, transferors use the Transfer of Education Benefits (TEB) website to designate, modify, and revoke a Transfer of Entitlement (TOE) request. After leaving the armed forces, transferors may provide a future effective date for use of TOE, modify the number of months transferred, or revoke entitlement transferred by submitting a written request to the VA.
Upon approval, family members may apply to use transferred benefits with VA by printing, completing, and mailing the VA Form 22-1990e to your nearest VA regional office or by applying online. VA Form 22-1990e should only be completed and submitted to VA by the family member after DoD has approved the request for TEB. Do not use VA Form 22-1990e to apply for TEB.
A child's subsequent marriage will not affect their eligibility to receive the educational benefit; however, after an individual has designated a child as a transferee under this section, the individual retains the right to revoke or modify the transfer at any time.
A subsequent divorce will not affect the transferee's eligibility to receive educational benefits; however, after an individual has designated a spouse as a transferee under this section, the eligible individual retains the right to revoke or modify the transfer at any time.
The combined tuition benefits available to a student cannot exceed the student's total tuition costs. Tuition payments received by a student under the Post-9/11 GI BILL® (Chapter 33 veteran benefits) and Yellow Ribbon Program are considered duplicative of any VTA and/or TAP award. Students receiving tuition assistance through these programs may, and in most cases will, have their state VTA and/or TAP payment reduced or denied due to these other benefits. However, payments received under the Montgomery GI BILL® do not duplicate the purpose of the VTA and/or TAP.
If a service member wants to reallocate transferred benefits, they can do so using the TEB Portlet in MilConnect. If a veteran wants to reallocate benefits, they should contact the VA.
If transferred benefits are totally revoked for a dependent, a service member must resubmit a transfer request for the dependent via MilConnect; a veteran cannot re-transfer benefits to a dependent if the dependent's transfer eligibility was previously totally revoked.
The Harry W. Colmery Veterans Assistance Act of 2017 allows for designation and transfer of Post-9/11 GI BILL® benefits to eligible dependents of the veteran/service member upon the death of the veteran/service member or of a dependent who had unused transferred benefits.
Family member use of transferred educational benefits is subject to the following rules:
Spouses
Children
Get the fact sheet on transferability of Post-9/11 GI BILL® benefits, or visit va.gov for more information. For specific questions about your eligibility, the status of your transfer request, and service-specific questions about the TEB Portlet, please contact the career counselor or personnel center from the list below:
| Branch of Service | Contact |
|---|---|
| Army Active Duty Officer | |
| Army Active Duty Enlisted | |
| Army National Guard | |
| Army Reserve (Enlisted and Officer) | |
| Navy Active Duty Personnel | 866-827-5672 DSN 882-5672 |
| Navy Reserve | Tel. 800-621-8853 Fax. 757-444-7597/7598 |
| Marine Corps Active Duty Officer | |
| Marine Corps Active Duty Enlisted | |
| Marine Corps Reserve | |
| Air Force Active Duty | 800-525-0102 210-565-5000 DSN 665-5000 |
| Air National Guard | Contact unit Retention Managers |
| Air Force Reserve | 800-257-1212 |
| Coast Guard Active Duty | |
| Coast Guard Reserve | |
| National Oceanic and Atmospheric Administration (NOAA) | 301-713-7728 |
| U.S. Public Health Service (USPHS) | 240-453-6130 |
Objective
The Title IV Student Withdrawal Policy is designed to ensure the accurate and timely determination of:
The policy maintains the proper disposition of Title IV funds, in accordance with 34 CFR 668.22 of the Code of Federal Regulations.
Reference: 2023–2024 Student Financial Aid Handbook, Volume 5, Chapter 1
Background
When a recipient of Title IV grant(s) and/or loan(s) withdraws from New York Institute of Technology during a payment period in which they began attendance, the university must determine the amount of the grant and/or loan assistance earned by the student as of their withdrawal date. This policy establishes steps that the university must take to ensure compliance with federal regulations.
Policy
New York Institute of Technology must always return any unearned Title IV funds that it is responsible for within 45 days of the date the university determined the student withdrew, and must offer any post-withdrawal disbursement of loan funds within 30 days of that date.
Note: On March 13, 2020, the President of the United States declared a national emergency due to COVID-19. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. As a result of the national emergency due to COVID-19, New York Tech moved students from ground-based instruction to distance learning for the remainder of the spring 2020 semester, and for the fall 2020 semester. After that, classes resumed in a hybrid format.
For the Summer 2020 semester and later (while the national emergency was still in place), a student must submit a written attestation explaining why the withdrawal was the result of the COVID-19 emergency in order to be eligible to retain all federal Title IV funds. Title IV funds will be returned as determined by the required R2T4 calculation for students who withdraw during these semesters; unless the student indicates, in writing, that the withdrawal is a result of COVID-19-related circumstances.
Note: As of the date of this update, The National Emergency is set to expire on May 11, 2023.
Withdrawal Date
A student's withdrawal date varies depending on the type of withdrawal. Reference: Determining a student's withdrawal date at a school that is not required to take attendance in the 2023–2024 Student Financial Aid Handbook, Vol. 5, Ch. 1, pp. 23–24.
Official Notification Provided
In a case when the student provides official notification of their intent to withdraw, New York Institute of Technology will use the date of notification as follows:
*To begin the withdrawal process, the student contacts the Office of the Registrar to obtain the appropriate withdrawal form. If the student both begins the withdrawal process and provides a notification to New York Institute of Technology, the earlier of the two dates will be used as the withdrawal date.
Official Notification Not Provided
In a case when the student does not provide official notification of their intent to withdraw, New York Institute of Technology may use the midpoint of the payment period as the date of withdrawal, with the following exception:
Last Date of Attendance
New York Institute of Technology may always use the withdrawal date as the student's last date of attendance at an academic activity reported by a faculty member on a course enrollment roster or final grade sheet. Examples of academic activities are exams, tutorials, computer-assisted instruction, academic counseling, turning in class assignments, or attending a study group assigned by the university. The faculty member will maintain documentation of the last date of attendance.
Date of Official Notification Not Provided
This is the date that New York Institute of Technology learns the student has ceased attendance. The university will perform the Return to Title IV funds calculation and return any unearned funds no later than 45 days after the end of the payment period. For a student who withdraws without providing notification, the university must determine the withdrawal date no later than 30 days after the end of the earliest:
Reference: 2023–2024 Student Financial Aid Handbook, Vol. 5, Ch. 2, pp. 9–12
Rescission of Withdrawal
New York Institute of Technology may allow a student to rescind an official notification to withdraw by having them file a written statement that the student is continuing to participate in academic activities and intends to complete the enrollment period. If the student subsequently ceases to attend the institution prior to the end of the payment period, the rescission is negated, and the withdrawal date will be the last date of attendance at an academic activity. If the student subsequently withdraws (without ever returning to the university) after rescinding an intent to withdraw, the rescission is negated, and the withdrawal date will revert back to the date of the first official notification.
Calculation of Earned Title IV Assistance
U.S. Department of Education software will be used to perform all refund calculations. A copy of the completed calculation worksheet will be kept in the student's file in the Office of Financial Aid. The amount of Title IV assistance earned by the student is calculated by determining the percentage of grant and/or loan assistance earned by the student, and applying that percentage to the total amount of grant and/or loan assistance disbursed to the student or on the student's behalf for the payment period, as of their withdrawal date. The percentage of Title IV assistance earned will be equal to the percentage of the payment period completed by the student, when said percentage is 60 percent or less. If the student's withdrawal date occurs after the completion of 60 percent of the payment period, the percentage earned is 100 percent.
Withdrawal from Cycle Classes
A Cycle Class is defined as a course in a program that does not span the entire length of the payment period or the period of enrollment. A student who registers for a Cycle Class and then ceases to attend or fails to begin attendance is considered withdrawn, if the student is not attending any other classes and is not registered for a Cycle Class to begin at a later date within the enrollment period. A student is not considered to have withdrawn if the university obtains written confirmation at the time of withdrawal that the student will attend a Cycle Class to begin later in the same period of enrollment. This confirmation must be obtained at the time of withdrawal, even if the student has already registered for subsequent courses. If the student fails to return for the subsequent cycle, the date of withdrawal reverts back to the original withdrawal date in the earlier cycle.
Post-Withdrawal Disbursements
If the total amount of the Title IV grant and/or loan assistance earned by the student is more than the amount that was disbursed to the student as of the withdrawal date, the difference between the two amounts will be treated as a post-withdrawal disbursement. In the event of outstanding charges on the student's account, New York Institute of Technology will credit their account for all or part of the amount of the post-withdrawal disbursement of a Federal Pell Grant, up to the amount of allowable charges.
If the student is eligible for a post-withdrawal disbursement of Federal Direct Loans, the university will notify the student (or parent for a PLUS Loan) and provide the student (or parent) with the opportunity to accept or cancel all or a portion of the loan(s). The student (or parent) must submit a written attestation to accept a post-withdrawal disbursement of federal loans.
Any amount of a post-withdrawal disbursement that consists of loan funds and has not been credited to a student's account will be offered to the student (or parent for a PLUS Loan) within 30 days of the date the university determines the student's withdrawal. Any earned grant funds that the student is eligible to receive due to a post-withdrawal disbursement will be provided within 45 days of the date of determination. Students will be notified of such disbursements in writing. The notification will include:
Upon receipt of a timely response from the student or parent, New York Institute of Technology will disburse funds in the manner specified in the response. Distribution will occur within 180 days of the date of determination of the student's withdrawal date. If no response is received from the student or parent, the university will not disburse any of the funds. New York Tech maintains the right to decide whether or not to make a post-withdrawal disbursement in the event that the student (or parent for a PLUS Loan) responds after 14 days of the date that notification was sent to them. If the university decides not to make this post-withdrawal disbursement, the student (or parent) will be notified in writing. In the case of a post-withdrawal disbursement, grant funds will be disbursed prior to loan funds.
Refund of Unearned Funds to Title IV
If the total amount of Title IV grant and/or loan assistance that was earned by the student is less than the amount that was disbursed to the student as of the withdrawal date, the difference between the two amounts will be returned to Title IV programs and no further disbursements will be made. Funds will be returned as follows:
Refunds by the University
In the event that New York Institute of Technology is responsible for returning funds to Title IV programs, the funds will be returned in the order prescribed by the U.S. Department of Education (listed below) within 45 days of the date of determination of a student's withdrawal.
Refunds by the Student
In the event that the student is responsible for returning grant funds to Title IV programs, New York Institute of Technology will notify the student within 45 days of the date of determination of their withdrawal. The student will be advised of making arrangements for repayment.
Payment Period or Enrollment Period
Withdrawals and the return of Title IV funds will be based on a payment period for all standard term programs. Non-term program payments will be based on an enrollment period.
Program Course Offered in Modules
For a payment period or period of enrollment in which courses in the program are offered in modules:
Documentation
New York Institute of Technology must document a student's withdrawal date and the date of determination that the student withdrew. The documents will be kept in the student's academic file in the Office of the Registrar and the Office of Financial Aid, in the case of an Official Withdrawal. Unofficial withdrawal dates are monitored within the Office of the Registrar. The Return to Title IV funds calculation and other accompanying documentation will be secured in the Office of Financial Aid.
This policy becomes effective with grades earned in the Fall 2020 semester and for all subsequent semesters. The policy complies with updated federal regulations (CFR 668.34) effective as of July 1, 2011.
Introduction
To receive Title IV federal financial aid, institutional funds administered by the Office of Financial Aid, or certain Veterans Benefits, students must maintain measurable Satisfactory Academic Progress (SAP) toward degree program completion. Federal regulations require evaluation of qualitative and quantitative measures, as well as completion of the degree objective within 150 percent of the normal published time frame.
NOTE: This SAP policy is separate and distinct from both the Academic Probation and Suspension policy administered by the Office of the Registrar, and the SAP policy of the New York State Tuition Assistance Program (TAP).
All enrollment periods, including those for which a student did not receive financial aid, are included in the measurement of Satisfactory Academic Progress. The student's entire academic history will be considered when determining SAP status. This includes all transfer credits on the New York Institute of Technology transcript. Incompletes (I), Withdrawals (W), and Unofficial Withdrawals (UW) count as attempted credits, but not earned credits. Withdrawn Failing (WF) and Failing (F) count as attempted credits and earned grades.
Students who do not meet the standards of Satisfactory Academic Progress will not be eligible for federal or institutional financial aid until they have successfully appealed their Unsatisfactory Academic Progress (UAP) status and can regain eligibility by meeting the standards of this SAP policy or by following a prescribed academic plan as determined by an academic school designee.
Reference: 2023–2024 Federal Student Handbook, Vol. 1, Ch. 1, pp. 12–18
Guidelines for Academic Progress
For financial aid purposes, an aid year consists of summer, fall, and spring enrollment periods. Summer begins the year, and spring concludes it. Students attending intersessions (short-term courses between the fall and spring semesters) will have those courses evaluated with spring semester progress. The measurement of Satisfactory Academic Progress is calculated at the end of each enrollment period (semester) during an aid year, and status is effective with the next enrollment period (semester).
If a student changes majors or academic programs, all attempted and earned credits will be included in the qualitative, quantitative, and normal time frame measurements (no more than 150 percent), with the exception of those stated elsewhere in this policy.
Qualitative Standard
The qualitative component measures the quality of a student's academic progress by their cumulative GPA.
Undergraduate Standard
All undergraduate students must maintain a cumulative GPA of 2.0 at the end of each enrollment period.*
* Where applicable, athletic award eligibility will continue to be governed by a signed Athletic Agreement. All other Title IV and institutional aid for athletes will be governed by this Office of Financial Aid's Satisfactory Academic Progress policy.
The required cumulative GPA is based on the total number of attempted and earned credits, including the grades of F (Failure) and WF (Withdrawn Failure). Grades of I (Incomplete), W (Withdrawn), and Unofficial Withdrawal (UW) are not factored into a student's cumulative GPA.
Pace (formerly referred to as the Quantitative Standard)
Students must meet a quantitative standard of academic progress measured as a completion rate percentage. They must successfully complete 67 percent of all attempted credits to graduate within 150 percent of the normal time frame. This calculation is made as follows:
Successfully Completed Credits/Attempted Credits = Completion Rate (result rounded to the closest whole number, i.e., 18/27 = 66.67 percent or rounded to 67 percent)
For the purposes of measuring pace, the grades of Incomplete (I), Withdrawn (W), Unofficial Withdrawal (UW), Withdrawn Failure (WF), and Failure (F) count as attempted credits but not as successfully completed credits. Accepted transfer credits are also included in this calculation, both as attempted and earned credits.
Maximum Time Frame for Degree Completion
Students must obtain a degree within 150 percent of the normal time frame for degree completion. For example:
Effects of Remedial, ESLI, and Repeated Courses
Remedial and/or ESLI coursework does not count toward degree requirements. Remedial courses are counted as both attempted and earned credits. English as a Second Language (ESLI) courses are not counted in hours attempted or earned, but they are counted towards enrollment (full-time, 3/4 time, etc.).
The Department of Education has implemented regulations governing repeated coursework effective July 1, 2011, per federal regulations (34 CFR Section 668.2). The regulations have been implemented to improve the pace of graduation completion for students, which in turn should reduce loan indebtedness and preserve grant funding levels. Repeating courses may significantly impact Satisfactory Academic Progress (SAP) and eligibility for Title IV federal financial aid and institutional aid. Grades of D or better in repeated courses will be counted as earned credits. All course repeats will count as attempted credits and be used in the quantitative and maximum time frame components of the SAP policy. Students should consult with a financial aid advisor before registering for a repeated course. Students may be full-time or part-time.
Consequences of Failure to Meet Satisfactory Academic Progress
Financial Aid Warning is a status assigned to a student who fails to make Satisfactory Academic Progress at the end of an enrollment period. A student who fails to meet SAP (excluding maximum time frame) at the end of an enrollment period is no longer eligible for financial aid; however, for the first term of ineligibility, a student is automatically placed in a Financial Aid Warning status, not to exceed one enrollment period.
Financial Aid Probation: This status is assigned to a student who fails to make Satisfactory Academic Progress, has successfully appealed, and can meet minimum SAP standards by the end of an enrollment period. This student has had eligibility for aid reinstated and can receive financial aid for one enrollment period.
For students who have successfully appealed but cannot meet minimum SAP standards by the end of one enrollment period, an individual academic plan may be developed in conjunction with an academic school designee. These students will be evaluated and must demonstrate progress each period, as required, in a maximum of two enrollment periods (beyond the “warning” term).
Appeal Process
Extenuating circumstances may occur during an enrollment period and impact a student's ability to meet SAP standards including, but not limited to:
In all cases, the circumstances must be sufficiently documented.
If extenuating circumstances occur and a student wishes to appeal their status, a Satisfactory Academic Progress Appeal form must be submitted to the Office of Financial Aid. A student must meet with the appropriate academic school designee to discuss and document the appeal. The academic school designee will recommend whether the student's eligibility should be reinstated.
Final decisions will be made by the SAP Appeals Committee. Evaluations and decisions are based on the documented information provided, the circumstances leading to the appeal, and the academic plan, if required. Students will be notified of the committee's decision in writing via postal mail or email. The decision of the SAP Appeals Committee is final.
If an appeal is denied, a student is no longer eligible to receive financial aid from the university until the student becomes compliant with SAP policy standards.
Tuition Assistance Program (TAP) Satisfactory Academic Progress
New York Institute of Technology is responsible for implementing standards for satisfactory academic progress to maintain eligibility for the New York State Tuition Assistance Program (TAP).
The standards that apply to TAP and other New York State awards require recipients to maintain a steady rate of progress toward a degree and to earn a prescribed academic average. Standards affect all students who receive TAP and other New York State awards. Additional information on satisfactory academic progress may be found at the Office of the Registrar and the Enrollment Services Center. Additionally, the chart below demonstrates minimum requirements and can also be found at the NY State HESC website.
Program: Baccalaureate Semester-Based Program ChartApplies to nonremedial students first receiving aid in 2010–2011 and thereafter | ||||||||||
| Before Being Certified for This Payment | 6pt 1st |
12pt 2nd |
18pt 3rd |
24pt 4th |
30pt 5th |
36pt 6th |
42pt 7th |
48pt 8th |
54pt 9th** |
60pt 10th** |
| A Student Must Have Accrued at Least This Many Credits | 0 | 6 | 15 | 27 | 39 | 51 | 66 | 81 | 96 | 111 |
| With at Least This Grade Point Average (GPA) | 0 | 1.5 | 1.8 | 1.8 | 2 | 2 | 2 | 2 | 2 | 2 |
** (The 9th and 10th payments are for approved five-year program students only.) | ||||||||||
Program: Baccalaureate Semester-Based Program Chart (2006 Standards)Applies to students first receiving NYS aid in 2006–2007, 2007–2008 through and including 2009–2010, and remedial students first receiving NYS aid in 2010–2011 and thereafter | ||||||||||
| Before Being Certified for This Payment | 6pt 1st |
12pt 2nd |
18pt 3rd |
24pt 4th |
30pt 5th |
36pt 6th |
42pt 7th |
48pt 8th |
54pt 9th** |
60pt 10th** |
| A Student Must Have Accrued at Least This Many Credits | 0 | 3 | 9 | 21 | 33 | 45 | 60 | 75 | 90 | 105 |
| With at Least This Grade Point Average (GPA) | 0 | 1.1 | 1.2 | 1.3 | 2 | 2 | 2 | 2 | 2 | 2 |
** (The 9th and 10th payments are for students in an approved five-year program only.) | ||||||||||
Program: Associate Degree Semester-Based Program ChartApplies to nonremedial students first receiving NYS aid in 2010–2011 and thereafter | ||||||
| Calendar: Semester | ||||||
| Before Being Certified for This Payment | 1st | 2nd | 3rd | 4th | 5th | 6th |
| A Student Must Have Accrued at Least This Many Credits | 0 | 6 | 15 | 27 | 39 | 51 |
| With at Least This Grade Point Average (GPA) | 0 | 1.3 | 1.5 | 1.8 | 2 | 2 |
Program: Associate Degree Semester-Based Program Chart (2006 Standards)Applies to students first receiving NYS aid in 2006–2007, 2007–2008 through and including 2009–2010, and remedial students first receiving NYS aid in 2010–2011 and thereafter | ||||||
| Calendar: Semester | ||||||
| Before Being Certified for This Payment | 1st | 2nd | 3rd | 4th | 5th | 6th |
| A Student Must Have Accrued at Least This Many Credits | 0 | 3 | 9 | 18 | 30 | 45 |
| With at Least This Grade Point Average (GPA) | 0 | 0.5 | 0.75 | 1.3 | 2 | 2 |
TAP Waivers
A one-time waiver may be granted to the recipient of state financial assistance who fails to maintain pursuit of the program or make satisfactory academic progress. A student must initiate the request for the waiver through the Office of Student Life and must be able to document one of three reasons for the request: death in a student's family, serious illness of a student, or other mitigating circumstances beyond a student's control. Approval of the waiver is not automatic. After a careful review of documentation, a student will be notified by email as to whether a one-time waiver will be granted.
For more detailed and complete information on the waiver and other requirements, review the Commissioner's Guidelines on the New York State Higher Education Services Corporation (NYSHESC) website at Appendix C: Commissioner's Guidelines on Good Academic Standing C-Average Requirement: Questions and Answers.
If you enroll in higher education for the first time on or after July 1, 2012, in order to be eligible for federal student aid, you must have either a high school diploma or a recognized equivalent, such as: a General Educational Development (GED) certificate, state-authorized exam, completion of two-year program, "Excelled Academically in High School," or a homeschool education at the secondary level as defined by state law or grandfathered per Gen 15-09.
New students who do not have a high school diploma, or an equivalent such as a GED, and who did not complete secondary school in a homeschool setting are not eligible for Title IV funds.
Under the Consolidated and Further Continuing Appropriations Act of 2015 (as defined in section 484(d)(2) of the HEA), a student who does not have a high school diploma or an equivalent such as a GED certificate, or who was not homeschooled and who first enrolls in an eligible program of study on or after July 1, 2014, can only become eligible for Title IV assistance using one of the following Ability-to-Benefit (ATB) alternatives, when the student is also enrolled in an eligible career pathway program:
Reference: 2023–2024 Federal Student Aid Handbook, Vol. 1, Ch. 1, pp. 6–9
New York Institute of Technology reserves the right to evaluate a high school diploma presented by a student. The university may, at any time, request a copy of a high school transcript to validate a high school diploma. A high school diploma or recognized equivalent is required to receive federal student aid.
New York Institute of Technology has made a limited number of grants available based on financial need. For maximum consideration, students must file a Free Application for Federal Student Aid (FAFSA) form. Amounts vary annually depending on the student's financial need and the availability of funds. Students must be making Satisfactory Academic Progress (SAP) toward their degrees, be enrolled full-time in courses applicable to their degree program for the semester awarded, and demonstrate financial need as evidenced by their FAFSA.
The New York Tech Grant is for tuition only and is divided equally between fall and spring semesters. Eligibility for institutional scholarships and grants is limited to students whose Office of Admissions-assigned campus location is Long Island, New York City, or online. The New York Tech Grant cannot be used for summer or for intersession-only periods of attendance. Students who receive discounted tuition rates or other institutional grants (e.g., Athletics Service to School award or Athletics Grant-in-Aid award) may be ineligible for the New York Tech Grant. Additional eligibility criteria can be viewed at Financial Aid – New York Tech Scholarships.
The New York Tech Resident Hall Grant is designated for room and board only; this grant is not applied towards tuition. Eligibility for institutional scholarships and grants is limited to students whose Office of Admissions-assigned campus location is Long Island or New York City. The New York Tech Resident Hall Grant cannot be used for summer or for intersession-only periods of attendance. Students who receive discounted tuition rates or other institutional grants (e.g. Athletics Service to School award or Athletics Grant-in-Aid award) may be ineligible for the New York Tech Resident Hall Grant. Additional eligibility criteria can be viewed at Financial Aid – New York Tech Scholarships.
Additional sources of assistance may be available through outside organizations or other state agencies. Visit Financial Aid – Scholarships, Grants, and Self-Help Aid for more information about private scholarships and online scholarship search engines.
If you are receiving federal financial aid funds, you must make Satisfactory Academic Progress (SAP) toward completing your degree program in a timely manner.
If you receive New York Institute of Technology scholarships, you must be enrolled full-time every semester (12 credits or more), maintain SAP, and satisfy cumulative grade point average requirements.
The New York Tech Athletics Program has been suspended indefinitely due to the pandemic.
For the 2024–2025 academic year, we are honoring the athletic scholarship amounts in the 2020–2021 Athletic Agreement Letters, provided that students attend full time and continue to make satisfactory academic progress towards degree completion.
The New York State Achievement and Investment in Merit Scholarship (NY-AIMS) provides merit-based scholarships to New York State high school graduates who achieved academic excellence as a high school student, and enroll or plan to enroll in a public or private New York State college immediately after high school.
To be eligible, an applicant must:
Awards
Recipients receive annual awards of $500 for not more than four years of undergraduate study, or five years if the program of study normally requires five years. Awards will be disbursed directly to the college and may be used to support the recipient’s expenses while in college.
Note: Any award payment received may have tax implications. Any questions regarding this should be directed to a tax professional, the Internal Revenue Service, or the NYS Department of Taxation and Finance.
Application Process
No new NY-AIMS scholarships are being awarded by NYS HESC. For more information, contact the Scholarship Unit at scholarships@hesc.ny.gov or 888.697.4372.
New York State (NYS) Math and Science Teaching Incentive Scholarships are offered to encourage students to pursue careers as secondary math and science teachers (grades 7–12). This program provides awards to students attending school at the undergraduate and/or graduate degree level in exchange for five years of full-time employment as secondary education math or science teachers in New York State. Refer to the NYS-HESC website for application details and deadlines.
Applicants must:
Award Amounts
Recipients shall receive an annual award for full-time study equal to the annual tuition charged to NYS resident students attending an undergraduate program at the State University of New York, or actual tuition charged, whichever is less (for the 2023–2024 academic year, the standard SUNY tuition rate is $7,070).
Note: Any award payment received may have tax implications. Any questions regarding potential tax implications should be directed to a tax professional, the Internal Revenue Service, or the NYS Department of Taxation and Finance.
New applicants will be ranked by GPA and total credits earned. If there are more applicants than available funding, awards will be paid according to rank.
Duration
Recipients are entitled to an annual award for not more than four academic years of full-time undergraduate study and one academic year of full-time graduate study while matriculated in an approved program leading to permanent certification as a secondary education teacher in mathematics or science.
Apply for Payment
Recipients are not required to submit another NYS Math and Science Teaching Incentive Scholarship Program Supplement once they have been awarded this scholarship, but they must complete the Free Application for Federal Student Aid (FAFSA) and apply for the Payment of State Grants, Scholarships, and Awards Application each year to receive payment.
A recipient seeking payment who is not a resident of New York State may contact the HESC Scholarship Unit at scholarships@hesc.ny.gov or schedule an appointment with an HESC representative.
Awards will be paid directly to the colleges on behalf of students upon the successful completion of each academic year.
Note: An applicant may attend less than full time during the last undergraduate or graduate year if less than a full-time course load is necessary to complete the degree.
Please contact the HESC Scholarship Unit at scholarships@hesc.ny.gov or schedule an appointment with an HESC representative to inquire about the program.
N.Y. State Regents Awards for Children of Deceased and Disabled Veterans were created to provide financial aid to students whose parent(s) served in the U.S. Armed Forces during specified times of national emergency.
Eligibility
Students whose parent(s) served in the U.S. Armed Forces during specified periods of war or national emergency and, as a result of service, died, suffered a 40 percent or greater disability, was classified as missing in action, or was a prisoner of war may be eligible for this award. The veteran must currently be a New York State resident or have been a New York State resident at the time of death. The applicant must be pursuing an approved undergraduate degree at a college or university located in New York State. Please review the HESC website for information regarding conflict and applicable periods of service.
Award Amounts
The award is $450 per year.
How to Apply
Complete the Children of Veterans Award Web Supplement. Be sure to print the Web Supplement Confirmation, sign, and return it along with the required documentation according to the instructions.
Once you have established your eligibility, you must complete the Free Application for Federal Student Aid (FAFSA) and apply for the Tuition Assistance Program (TAP), or call HESC at 888.697.4372 to request a Scholarship and Grant Payment Application by June 30 of each academic year you seek payment.
First-time applicants for NYS aid under the provisions of the DREAM Act must apply for eligibility under the NYS DREAM Act before applying for other NYS Awards. If you have previously qualified under the NYS DREAM Act, you will simply need to add a new application to apply for NYS Awards.
FAFSA and TAP applications are available online. You must apply before June 30 of the academic year for which you are requesting payment.
If you are a veteran or currently in the military, there are programs to help you start or continue a college education. New York Institute of Technology has staff available to help military personnel and veterans begin, transfer, or transition to college.
You can begin your search at DANTES (Defense Activity for Non-Traditional Education Support), a Department of Defense agency that helps veterans and active-duty military personnel get started on a college or vocational program. Here you will:
New York State veterans, active-duty service members, or members of their immediate families may be eligible for higher education benefits that can help pay for college.
The Department of Veterans Affairs Post-9/11 GI BILL® and the Montgomery GI BILL® provide funding for college degree and certificate programs for those who are:
Learn more about these valuable benefits
A student who is not eligible for a Pell Grant, but whose parent or guardian was a member of the U.S. Armed Forces and died as a result of service performed in Iraq or Afghanistan after September 11, 2001, may be eligible to receive the Iraq and Afghanistan Service Grant.
Military and veterans education benefits may not cover all college expenses. Remember to apply for all the federal and state student aid you are eligible for by completing the Free Application for Federal Student Aid (FAFSA). If you are a New York State resident and plan to attend a college or university in New York, you may be eligible for New York's Tuition Assistance Program (TAP).
| Veterans Tuition Awards | Provides awards for full-time and part-time study to eligible veterans matriculated at an undergraduate or graduate degree-granting institution or in an approved vocational program in New York State. |
| Military Enhanced Recognition Incentive and Tribute (MERIT) (also known as the Military Service Recognition Scholarship) | Provides financial aid to children, spouses, and financial dependents of those who, while New York State residents in service in the U.S. Armed Services or state-organized militia, at any time on or after August 2, 1990, died or became severely and permanently disabled while performing their military duties, whether in combat or not. |
| NYS Regents Awards for Children of Deceased and Disabled Veterans | Provides $450 per year to students whose parent(s) served in the U.S. Armed Forces during specified periods of war or national emergency and, as a result of service, either died, suffered a 40 percent or more disability, was classified as missing in action, or was a prisoner of war. The veteran must currently be a New York State resident or have been a New York State resident at the time of death or classification as missing in action. |
| Recruitment Incentive and Retention Program (RIRP) | RIRP provides college financial aid, up to $4,350 per year, to any active service member who has successfully completed advanced individual training or commissioning and other requirements of the NYS Division of Military and Naval Affairs. Information and applications for this program may be obtained from the NYS Division of Military and Naval Affairs. |
The New York State residency eligibility requirement for recipients of awards administered by HESC is waived for a member of, or for the spouse or dependent of a member of, the armed forces of the United States who is on full-time active duty and is stationed in this state.
The combined tuition benefits available to a student cannot exceed the student's total tuition costs. Tuition payments received by a student under the Post-9/11 GI BILL® (Chapter 33 veteran benefits) and Yellow Ribbon Program are considered duplicative of any VTA and/or TAP award. Students receiving tuition assistance through these programs may, and in most cases will, have their state VTA and/or TAP payment reduced or denied due to these other benefits; however, payments received under the Montgomery GI BILL® do not duplicate the purpose of the VTA and/or TAP.
Contact HESC's Scholarship Unit at scholarships@hesc.ny.gov.
The NYS World Trade Center Memorial Scholarship provides access to a college education for children, spouses, and financial dependents of innocent victims who died or were severely and permanently disabled as a result of the September 11, 2001, terrorist attacks on the United States of America—at the World Trade Center, the Pentagon, and on airline flights 11, 77, 93, and 175—and the resulting rescue and recovery efforts.
An applicant must:
Note: To be deemed severely and permanently disabled, one must be unable to engage in any occupation for payment or profit because of a severe or permanent disability sustained as a direct result of the September 11, 2001, attack on the United States or while engaged in the subsequent rescue and recovery efforts. For purposes of this award, someone who is able to work and earn money, even on a part-time basis or light duty, is not considered to have a severe and permanent disability.
Complete and submit the NYS World Trade Center Memorial Scholarship Web Supplement. Be sure to print the online supplement confirmation, sign, and submit it, along with the required documentation (including the Total and Permanent Disability Verification Form), according to the instructions.
Note: You should complete an application for every member of the family that will use this scholarship (even if they are not old enough to attend college at this time, no matter what the age). This will save having to retrieve and send proof of eligibility at a later date when that child is old enough to attend college.
Once you have established your eligibility and are assigned an account number by Higher Education Services Corporation (HESC), you must do one of the following by June 30 of each academic year to request payment:
Award Amount
World Trade Center Memorial Scholarships provide funds to help meet the cost of attending college. The award covers up to four years of full-time undergraduate study (or five years in an approved five-year bachelor's degree program) and includes the following components:
The maximum total annual award for students living on campus for the 2024–2025 academic year is $26,830, and the maximum total annual award for commuter students is $16,500. Note: Students choosing to live off campus when housing is available will be paid at the lower commuter rate.
Receipt of other grants and scholarships may reduce the WTC award. The total of all aid received cannot be greater than the student's Title IV cost of attendance.
Award Payment
HESC will make payments to schools on behalf of students upon certification of eligibility and submission of appropriate financial aid applications.
NYS Scholarships for Academic Excellence provide up to $1,500 per year for up to five years of undergraduate study in New York State.
Students must:
Award Amount
This program provides scholarship assistance to outstanding New York State high school graduates. Each year, 8,000 scholarships are awarded—up to 2,000 scholarships of $1,500 and 6,000 scholarships of $500 to top scholars from registered New York State high schools. Awards are based on student grades on certain Regents exams. Recipients can also receive other non-loan student aid, but the total cannot exceed the cost of attendance.
Duration
The scholarship must be used within seven years commencing with the first academic year for which the scholarship was awarded. During this period, students are entitled to payment for up to four years of full-time study, or five years if enrolled in a bachelor degree program approved as a program normally requiring five years of study.
How to Apply
To apply, see your high school guidance counselor.
Notification Procedure
The State Education Department will notify the students who have been nominated by their high schools to receive the scholarship. The Higher Education Services Corporation (HESC) also receives notification from the State Education Department. To receive payment of the scholarship, the student must submit an application for payment to HESC by June 30 of each year for which assistance is sought. Application for payment is made by filing out the Free Application for Federal Student Aid (FAFSA) and the NYS Tuition Assistance Program (TAP) online applications.
Revocation
The scholarship will be revoked if the student begins study at an out-of-state institution. A student who is ineligible to receive payment of the scholarship during the first academic year of eligibility due to enrollment at an out-of-state institution loses all future eligibility for the award. The scholarship cannot be reinstated even if the student subsequently enrolls in a program of study at a New York State institution.
Vermont Incentive Grant
Vermont residents who are accepted or enrolled full-time (12 credits or more per semester) in an undergraduate or certificate program, and do not already have a bachelor's degree, can apply for the Vermont Incentive Grant. A Vermont Part-Time grant may also be available for students taking less than 12 credits per semester. These need-based grants can be used at schools, either within Vermont or out of state. To apply, complete a Free Application for Student Aid (FAFSA) and a Vermont Grant Application. Go to Vermont Student Assistance Corp (VASC) and complete an application as soon as possible, as this grant is awarded on a first come, first serve basis.
Reference: https://studentaid.gov/manage-loans/repayment/plans
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Reference: https://studentaid.gov/understand-aid/types/loans/perkins
Please note: The Federal Perkins Loan program has ended. No Federal Perkins loans can be made to any student on or after October 1, 2017.
Perkins Loan repayment plan options are not the same as those for Direct Loan Program or FFEL Program loans. It important to know how much you have accumulated in student loan debt. To monitor all of your federal student loans, you may access the National Student Loan Data System (NSLDS) online at studentaid.gov/ or call toll-free 800.999.8219. Students must complete a Perkins Exit Test, which reviews terms and conditions of taking out the Perkins loan, as well as reviews the Perkins loan repayment plan and schedule; students are provided with an individual repayment schedule.
Your repayment schedule will provide you with the interest rate, payment amounts, and payment methods. The chart below shows sample loan amounts and monthly payments based on the 5 percent interest rate:
| Amount Borrowed | Monthly Payment | Number of Payments | Total Amount Paid |
|---|---|---|---|
| $1,500 | $40 | 41 | $1,640 |
| $3,500 | $40 | 109 | $4,362 |
| $5,500 | $58.34 | 120 | $7,000.80 |
| $6,500 | $68.94 | 120 | $8,272.80 |
| $7,500 | $79.55 | 120 | $9,546 |
| $8,500 | $90.16 | 120 | $10,819.20 |
| $10,000 | $106.70 | 120 | $12,728.40 |
| $12,500 | $132.58 | 120 | $15,909.60 |
| $15,000 | $159.10 | 120 | $19,092 |
| $20,000 | $212.13 | 120 | $25,455.60 |
| $27,500 | $291.39 | 120 | $35,001.60 |
| $60,000 | $636.39 | 120 | $76,366.80 |
Contact the Office of Financial Aid for more information on Perkins Loan repayment plans.
Reference: https://studentaid.gov/app/launchConsolidation.action
If you have multiple federal student loans, you can consolidate them into a single Direct Consolidation Loan. This may simplify repayment if you are currently making separate loan payments to different loan holders or servicers, as you'll only have one monthly payment to make. There may be trade-offs, so you'll want to learn about the advantages and possible disadvantages of consolidation before you consolidate.
The answer depends on your individual circumstances:
Pros
Cons
The following guidance provides eligible students with general information about the Family Educational Rights and Privacy Act (FERPA).
This document is a compilation and update of various letters and guidance documents previously issued that respond to a variety of questions about FERPA. While this guidance reflects our best and most current interpretation of applicable FERPA requirements, it does not supersede the statute or regulations.
FERPA is a federal law that is administered by the Family Policy Compliance Office in the U.S. Department of Education 20 U.S.C. section 1232g; 34 CFR Part 99. FERPA applies to all educational agencies and institutions (e.g., schools) that receive funding under any program administered by the Department. Parochial and private schools at the elementary and secondary levels generally do not receive such funding and are, therefore, not subject to FERPA. Private postsecondary schools, however, generally do receive such funding and are subject to FERPA.
Once a student reaches 18 years of age or attends a postsecondary institution, they become an “eligible student” and all rights formerly given to parents under FERPA, transfer to the student. The eligible student has the right to have access to their education records, the right to seek to have the records amended, the right to have control over the disclosure of personally identifiable information from the records (except in certain circumstances specified in the FERPA regulations, some of which are discussed below), and the right to file a complaint with the Department. The term “education records” is defined as those records that contain information directly related to a student and which are maintained by an educational agency or institution or by a party acting for the agency or institution.
FERPA generally prohibits the improper disclosure of personally identifiable information derived from education records. Thus, information that an official obtained through personal knowledge or observation, or has heard orally from others, is not protected under FERPA. This remains applicable even if education records exist that contain this information, unless the official had an official role in making a determination that generated a protected education record.
Under FERPA, a school is not generally required to maintain particular education records or education records that contain specific information. Rather, a school is required to provide certain privacy protections for those education records that it does maintain. Unless there is an outstanding request by an eligible student to inspect and review education records, FERPA permits the school to destroy such records without notice to the student.
For further information, please see Student Privacy and FERPA/PIPA at New York Institute of Technology.
Eligibility from NYS HESC
The NYS STEM Incentive Program provides tuition awards to students who are New York State residents attending a public or private degree-granting college or university located in New York State. Recipients must be in the top 10 percent of students of their high school graduating class, pursue an approved, two- or four-year STEM degree program, and agree to live in NYS and work in a STEM field in NYS for five years after graduation.
An applicant must:
Students matriculated in these programs of study may be eligible for a STEM Incentive Program award. The program of study must result in an approved occupation.
A recipient receives an annual award for full-time study up to the annual tuition charged to NYS resident students attending an undergraduate program at the State University of New York (SUNY), or actual tuition charged, whichever is less (for the 2023–2024 academic year, the standard SUNY tuition rate is a maximum of $7,070 per year).
The STEM Incentive Program award will be reduced by the amount of any other tuition-only assistance award, such as the NYS Tuition Assistance Program (TAP), received.
The number of awards to be made under this program to students attending private degree-granting institutions is subject to available funding.
Note: Any award payment received may have tax implications. Any questions regarding this should be directed to a tax professional, the Internal Revenue Service, or the NYS Department of Taxation and Finance.
A recipient is entitled to annual award payments for not more than four academic years of full-time undergraduate study while matriculated in an approved program leading to a degree in science, technology, engineering, or mathematics or five years if the program of study requires five years.
Complete and submit the NYS Science, Technology, Engineering, and Mathematics (STEM) Incentive Program Application. Be sure to print the Application Confirmation, sign and submit it, along with the required documentation, according to the instructions. You must also submit the FAFSA and the NYS Student Aid Payment Application.
First-time applicants for NYS aid under the provisions of the DREAM Act must apply for eligibility under the NYS DREAM Act before applying for other NYS Awards.
For students attending a private degree-granting college or university located in NYS, recipients will be selected using a lottery method.
A recipient is not required to submit another NYS Science, Technology, Engineering, and Mathematics Incentive Program Web Application once awarded this scholarship, but must complete the Free Application for Federal Student Aid (FAFSA) and the NYS Student Aid Payment Application each year to receive payment.
Awards will be paid directly to the colleges on behalf of students upon the successful completion of each term. Successful completion of a term means the applicant meets all of the eligibility requirements for the award.
Student expenses vary with the individual's academic program, schedule of classes, and whether the student commutes or lives in a residence hall. For the full-time student, the only fixed costs are tuition and the college fee based on the academic program.
Variable costs include food, housing, transportation, books, course materials, supplies, and equipment, and other personal expenses. The cost of meals on campus varies. The cost of books and personal expenses depends on the student's major and budget choices for leisure activities. Transportation costs vary by distance from the college and mode of transportation, including whether the student carpools.
Students with unusual expenses or special budgetary concerns should consult the Office of Financial Aid.
For more information, please see the Office of Financial Aid: Costs and Allowances.
Federal Reference: 2023–2024 Federal Student Handbook, Vol. 3 Ch. 2: Cost of Attendance (Budget)