1. Nyack High School Guidance Department
Lorraine Longing – Director of Guidance k- 12
Counselors:
Mrs. Gershonovitz
Ms. Heinemann
Mr. Cavanagh
Mr. Stevens
Mrs. Wright

2. Senior year Timeline:
Register for standardized test necessary for admissions in the fall
ask for teacher letters of recommendation
Complete the FAFSA
Complete common application
Submit applications online through Naviance account
Common deadline: Nov 1, Nov 15, Dec 1. Jan 1, Feb 15
Guidance office will send your Mid year reports to all the colleges you applied to at the start of 2 semester
Review acceptances – financial aid packages – spring semester you will start hearing from colleges
Complete scholarship applications
Deposit is due May 1
Guidance office will send your Final transcript to the college where you are attending.

3. “Answers to Your Most Commonly Asked Questions”
Financial Aid 101
“Answers to Your Most
Commonly
Asked Questions”

4. 1) I’m new at the “Financial Aid Game”
1) I’m new at the “Financial Aid Game”. What types of financial aid are available?
Federal Aid
Entitlement Program
Pell Grant
Stafford Subsidized Loan
Stafford Unsubsidized Loan
Parent Plus Loan
Campus Based Programs
SEOG
Perkins Loan
Federal Work Study

5. Types of Financial Aid Available
New York State Aid
TAP (Full Time Students Only)
APTS (Aid for Part Time Study)
Visit
Institutional Aid
Merit Based Awards
Need Bases Awards
Endowment Scholarships
Athletic Awards

6. 2) How do we apply for the traditional forms of AID?
Federal Aid Process
File the Free Application for the Federal Student Aid (FAFSA)
Receive Student Aid Report (SAR)
SAR Correction
Verification
Red Flags
Meet Recommended filing dates
State Aid Process
File the Tuition Assistance Program Application
Express application
TAP Award Certificate

7. 3) How is financial aid awarded?
Universities receive results from FAFSA
Financial Formula:
COA (Cost of Attendance)-EFC (Expected Family Contribution)= Financial Need
Award Notice

8. 4) Does the federal government impose loan limits on students?
The Loan limits for Dependent Students:
Freshman
Subsidized
Unsubsidized
(0-32 Credits)
$3500/year
$2000/year
Sophomore
(33-64 Credits)
$4500/year
$2000/year
Junior/Senior
(65+ Credits)
$4500/year
$2000/year
Aggregate limit for Dependent Students
$31,500
No more than $23,000 of which cam be
subsidized

9. Loan Limits Continued The Loan limits for Independent Students:
Freshman
Subsidized
Unsubsidized
(0-32 Credits)
$3500/year
$6000/year
Sophomore
(33-64 Credits)
$4500/year
$6000/year
Junior/Senior
(65+ Credits)
$5500/year
$7000/year
Aggregate limit for Independent Students
$57,500
No more than $23,000 of which can be
subsidized

10. 5)What alternative financing options are available?
Outside Scholarships
Website scholarship search
Community
Employment
College Payment Plans
Private Loans

11. Guide to Important Financial Aid Resourses on the Internet
Apply for Financial Aid Online
FAFSA on the web
You can file your FREE application for Federal Student Aid online every year at this web site. We suggest that you carefully check the browser t\requirements to make certain that you can successfully file online. Reminder: our priority FAFSA filing deadline for undergraduates is Feb. 15th every year.
Free Scholarship Search Services Online
The following is a list of several web sites that provide information on. Outside scholarships are awarded based on a wide variety of different criteria, such as age, academics, need, organization affiliations, residence, major, etc. These sites should provide information on how and when to apply for scholarships you may be eligible for after you've entered some biographical & demographical info about yourself. Please allow sufficient time to actually apply as some scholarships have lengthy applications or require and essay. We have briefly screened the following web sites, but as always you should be wary of an web site that asks for sensitive info (e.g. Soc Sec#, credit card#) and scholarships programs that charges a fee to apply. Good Luck!

12. Outside Private, Federal, and State Scholarships Web Sites
FASTWEB: EXPAN Scholarship Search(from the College Board): CASHE-College Aid Sources for Higher Education(from Sallie Mae online): scholarships.salliemae.com or MACH 25(from CollegeNet): PLATO Scholarship Search: Scholarship.com’s Database: SRN (Scholarship Resource Network) Express:

13. Other Important Financial Aid Resources Online
The Financial Aid Information Page:
This page provides a free, comprehensive, independent and objective guide to Student Financial Aid.
It provides information on sources of aid, a scholarship scam alert listing, and alternative funding for
special interest students (e.g. international students, disabled students, graduate students, minority
students, etc.)
Project EASI- Easy Access for Students and Institutions:
This site was designed to assist students and families planning for postsecondary education. The subject is
broken down into 4 specific topics- Planning for Education, Applying to College, Receiving Financial Aid,
and Repaying your Student Loan.
US Department of Education:
At this site, general information regarding Financial; Aid I provided. Information available includes, Title IV Codes, Student Guide to Financial Aid, Direct Loans, etc.

14. Continued College is Possible: www.collegepossible.com
A research guide for parents, students, and education professionals. This site provides info on helpful
Books, web sites, and other important resources regarding financial aid.
NASFAA(National Association of Student Financial Aid
Admistrators):
The site includes the CASH for college publication online. This publication includes information on how
to apply for financial aid, a definition of the expected family contribution, and how dependency
status is determined. There is also an excellent description, here
NYSFAAA(NY State Financial Aid Administrators Association):
This site includes information of financial aid application procedures. Scholarship information and other
resources are provided. You can also estimate your financial aid eligibility.