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Category:
Student Affairs


Responsible Office:

Procedure Title:
Student Financial Aid Application Information

Document Number:
3403

Effective Date:
July 01, 2003


This procedure item applies to:
Community Colleges
State-Operated Campuses

Table of Contents
Summary

Process
Forms
Related Procedures
Other Related Information
Authority
History
Appendices

Summary
Student Financial Aid is available from all State University of New York (University) campuses. This procedure provides an overview of what is available and how to apply.

Process

Student Financial Aid is available from all State University of New York (University) campuses. This procedure provides an overview of what is available and how to apply.

To apply for student financial aid:

1.    Complete the Free Application for Federal Student Aid (FAFSA)—the online version (FAFSA on the Web) or the paper FAFSA.

    1. a high school guidance office;
    2. a college financial aid office;
    3. a local public library; or
    4. our Federal Student Aid Information Center by calling 1-800-4-FED-AID (1-800-433-3243).

Students can apply beginning January 1 prior to the fall term they plan to enroll, and have until June 30 of the end of the Spring term to submit the FAFSA. However, the application should be made as early as possible.

2.    Review Student Aid Report (SAR)

       After completing the FAFSA, the student will receive a Student Aid Report (SAR). The SAR confirms the information reported on the FAFSA and will contain an Expected Family Contribution (EFC). The EFC is a measure of a family’s relative financial strength and is used to determine the student’s eligibility for federal student aid. To receive financial aid, the student must have a complete and correct SAR.

3.   Contact the University campus(es)

      The student should then speak with the financial aid office staff at the campuses of which he or she is interested in attending. The student should make sure the campus has the information required to determine the student’s eligibility. The financial aid administrator will review the SAR, and if eligible, will prepare a letter outlining the amount of aid (from all sources) the campus will offer to the student.

Students must meet certain eligibility requirements to be considered for financial aid including:


Forms

Free Application for Federal Student Aid (FAFSA)


Related Procedures

There are no related procedures relevant to this procedure.


Other Related Information

A complete list of federal financial aid eligibility requirements is available from The Student Guide.

General Information about Student Financial Aid Programs:

Grants - Financial aid that does not have to be repaid. Generally, the student must be an undergraduate student and the amount received depends on need, cost of attendance and enrollment status (full-time or part-time).

Work-Study - Money earned while enrolled at the campus that will help pay for educational expenses. The Federal Work-Study Program encourages community service work and work related to course of study, whenever possible. The student can be an undergraduate or graduate student.

Loans - Borrowed money that must be repaid with interest. The student can be an undergraduate or graduate student. Parents may also borrow to pay the educational expenses of their dependent undergraduate students. Maximum loan amounts depend on the grade level of the student.

Federal Perkins Loans are offered by participating campuses to students who demonstrate the greatest financial need. Any Federal Pell Grant eligibility must be calculated before a Federal Perkins Loan can be awarded. The loan is repaid to the campus.

Stafford Loans are made to students and PLUS loans (Parent Loans of Undergraduate Students) are made to parents through two loan programs:




Authority

Higher Education Act, Title IV, Volume III, as amended through February, 2003.


History

There is no history relevant to this procedure.


Appendices

There are no appendices relevant to this procedure.