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Financial Aid Basics

Financial Aid Basics. CITY COLLEGE IS. Topics. The Free Application for Federal Student Aid (FAFSA) Types of financial aid & eligibility criteria Cost of Attendance (COA) New York State Aid. 2 I FA Basics. CITY COLLEGE IS. The Free Application for Federal Student Aid (FAFSA).

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Financial Aid Basics

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  1. Financial Aid Basics CITY COLLEGE IS

  2. Topics • The Free Application for Federal Student Aid (FAFSA) • Types of financial aid & eligibility criteria • Cost of Attendance (COA) • New York State Aid 2I FA Basics CITY COLLEGE IS

  3. The Free Application for Federal Student Aid (FAFSA) • Complete a 2019-2020 FAFSA (www.fafsa.gov) as early as October 1st every year. The School Federal code is 002688 • Completing a FAFSA determines eligibility for: • Federal Pell grant • Federal Work-Study award • FSEOG grant • Federal Student Loans • Use prior year’s income documents • (ex. 2017 IRS Transcript, W-2’s, or other income for 2019-2020 FAFSA Application) 3 I FA Basics CITY COLLEGE IS

  4. FAFSA cont’d Follow-up is important! • Review your “Student Aid Report” (SAR) sent via email from the federal processor. • Check your “To Do List” on your CUNYfirst “Student Services Center” to ensure that you do not have any checklist items that need further action. 4I FA Basics CITY COLLEGE IS

  5. 5I FA Basics CITY COLLEGE IS

  6. Eligibility Criteria for Federal Student Aid 6 I FA Basics CITY COLLEGE IS

  7. Cost of Attendance • The City University of New York (CUNY) calculates "average living expenses" for each academic year. Living expenses are added to tuition and fee expenses, to equal the "cost of attendance (COA)". Items included in the calculation are room and board, transportation, books and supplies, and personal expenses. • Students total aid from all sources cannot exceed Cost of Attendance • Student(s) living with parent $9,979 • Student(s) living away from parent $22,503 CITY COLLEGE IS

  8. What is TAP? TAP is the New York State Tuition Assistance Program which helps eligible New York State residents pay their college tuition. To apply: www.tap.hesc.ny.gov/totw/ To check the status: www.hesc.ny.gov School Code: 1411 Currently, TAP awards range from $500 to $5165.00 per academic year. New York State Aid 8 I FA Basics CITY COLLEGE IS

  9. TAP Eligibility To be eligible for TAP, you must: • Be a United States citizen or eligible noncitizen • Be a legal resident of New York State, as defined by HESC rules • Have graduated from high school in the United States, earned a GED, or passed a federally approved "Ability to Benefit" test as defined by the Commissioner of the State Education Department before the 21st day of the semester • Be enrolled as a full-time undergraduate student taking at least twelve (12) contributory credits per semester (classes must be contributory towards your program of study) • Declare/change a major, minor and/or concentration no later than the established date available on the Academic Calendar in the first term of your junior year (60 credits) in an approved four-year program • Meet good academic standing requirements • Not be in default of a student loan guaranteed by HESC or on any repayment of state awards 9 I FA Basics CITY COLLEGE IS

  10. Excelsior Scholarship • New York State residents can apply for the NYS Excelsior Scholarship via HESC at: www.hesc.ny.gov/excelsior • The 2019-2020 Excelsior Scholarship application for new applicants is available untilAugust 15, 2019. • Students must file a FAFSA and TAP application before filing the Excelsior Scholarship application. • Applicants must be in continuous enrollment with at least 12 credits per semester and complete at least 30 credits each year contributory towards their program of study. • The maximum Excelsior Scholarship is $5,500 ($2,750 per semester) or actual tuition for the aid year, whichever is less. The Excelsior Scholarship will be reduced by other financial aid awards. 10 I FA Basics CITY COLLEGE IS

  11. Contact REPLAY END Financial Aid Office The City College of New York Wille Administration Building, Room A-104 160 Convent Ave. New York, N.Y. 10031 Phone: (212) 650-6656 Email: financialaid@ccny.cuny.edu Website: https://www.ccny.cuny.edu/financialaid CITY COLLEGE IS

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