1. Financial Aid Basics
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2. Topics The Free Application for Federal Student Aid (FAFSA)
Sources of financial aid, eligibility criteria and enrollment requirements
Satisfactory Academic Progress Requirements
New York State Aid
Financial Aid Payments
Scholarship Information
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3. The Free Application for Federal Student Aid (FAFSA)
Complete a FAFSA ( as early as October 1st every year.
The City College federal school code is
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 IRS Transcript, W-2’s, or other income for FAFSA Application)
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4. FAFSA cont’d
Follow-up is important!
Review your “Student Aid Report” (SAR) sent via 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.
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5. State Grants & Scholarships Federal Work Study (FWS)
Sources of
Financial Aid
Federal Grants
Loans
State Grants & Scholarships
Federal Work Study (FWS)
Scholarships
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6. Federal PELL Grant Undergraduate Students
Award determined by the Free Application for Federal Student Aid (FAFSA)
Pell awards range from $650 to $6,095 academic year
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7. Federal Supplemental Educational Opportunity Grant (FSEOG)
Additional grant for Pell recipients
Students are packaged by CUNY Central Office
Award amounts vary ($200 - $500/academic year)
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8. Federal Work-Study Award (FWS)
Students are packaged by CUNY Central Office
Students earn awards through employment with on campus or off campus jobs
20 hours weekly maximum, while classes are in session
28 hours weekly maximum, during winter and spring breaks
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9. Federal Direct Loans Federal Direct Loans:
Undergraduate Subsidized and/or Unsubsidized
Graduate/Doctoral – Unsubsidized only (auto-packaged)
Federal Parent Plus Loan ( for dependent Undergraduates)
Credit check required
Federal Grad PLUS Loan (for Graduate and Doctoral students)
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10. Alternative (Private) Loans
Alternative (Private) Student Loans: (external lenders)
– Enrollment requirements determined by each lender
– Credit check required
– Co-signer may be required
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11. Eligibility Criteria for Federal Student Aid
Have a high school diploma, or equivalent (GED)
Enrolled in a degree program
U.S. citizen or eligible non-citizen
Meet CUNY satisfactory academic progress standards
Not in default of a loan/owe money for federal grant
Demonstrate Financial Need
Eligibility
Criteria for Federal Student Aid
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12. Federal Satisfactory Academic Progress Requirement (SAP)
Minimum GPA:
Undergraduate students must achieve the following Grade Point Average (GPA) at City College:
5 -12 attempted credits = GPA required
attempted credits = GPA required
25+ attempted credits = GPA required
Note:
Before withdrawing from classes consult with an academic advisor and the Financial Aid Office.
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13. Federal Satisfactory Academic Progress Requirement (SAP)
B. Maximum time-frame:
Attempted credits must be no more than 150% of the credits required for the completion of the degree.
(120 credit degree x 150% = 180 maximum credits attempted)
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14. Satisfactory Academic Progress Requirement cont’d
C. Pace of progression:
Accumulated (or earned) credits must be equal to or greater than a certain percentage of the total amount of attempted credits.
The chart below summarizes the City University’s “progression toward degree” requirements for undergraduate degrees that require 120 credits:
Title IV Pace of Progression Chart
Credits Attempted 15 30 45 60 75 90
105
120
135
150
165
180
Required Credits Earned 5 16 27 42 50 63 72 84 95
108
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15. Enrollment Requirements
Undergraduate students
Federal Pell Grant – registered for 1 to 12+ credits/semester, limited to 12 full-time semesters (6 years)
Federal SEOG Grant – registered for 6 to 12+ credits/semester (must be Pell eligible)
Undergraduate and Graduate
FWS Award – registered for 6 to 12+ credits/semester
Federal Student Loans – registered for a minimum of 6 credits
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16. New York State Aid What is TAP?
TAP is the New York State Tuition Assistance Program which helps eligible New York State residents pay their college tuition.
The TAP program is administered by the N.Y.S Higher Education Services Corporation ( )
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17. New York State Aid Cont’d
Currently, TAP awards range from $500 ($ per semester) to $ ($ per semester).
Note: Your anticipated TAP award amount may change after HESC completes income verification.
NYS Residents – Apply for TAP after completing the FAFSA.
(see link at end of FAFSA application) or
Go to: to apply
Check status of TAP award:
City College School code: 1411
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18. 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)
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19. TAP Eligibility cont’d
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 (see NYS TAP Guidelines)
Not be in default of a student loan guaranteed by HESC or on any repayment of state awards.
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20. Excelsior Scholarship
New York State residents can apply for the NYS Excelsior Scholarship via HESC at:
The Excelsior Scholarship application for new applicants has been available since March 26th and the deadline is July 23, 2018.
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.
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21. Excelsior Scholarship Cont’d
Recipients may receive up to $5,500 ($2,750 per semester) or actual tuition for the aid year, whichever is less.
The maximum Excelsior Scholarship will be reduced by the amount of other financial aid awards, which an applicant has or will receive for the academic year including other New York State aid award(s) and/or federal grant(s) (last dollar).
Recipients must live in New York State for the length of time they received the award. Failure to meet these requirements will result in the conversion of your award to a no-interest loan.
For additional information, contact HESC or visit their website:
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22. Note: The Bursar only accepts cash, checks or money orders
Financial Aid Payment
Approximately 2 to 3 days after registering, financial aid appears on student’s CUNYfirst account
Appears as “pending” financial aid until award is disbursed
If you have a balance after the financial aid is applied, pay it online or at the Bursar’s office
Note: The Bursar only accepts cash, checks or money orders
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23. Financial Aid Payment cont’d Methods of Receiving FA Refunds
Direct Deposit – Payment deposited in savings or checking account.
Check – Allow 5 to 10 business days to receive a refund check in the mail.
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24. Scholarships Internal (within the university)
External (private organizations)
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25. Internal CCNY Scholarships
Office of the Admissions
Wille Administration Building, Room A 101
160 Convent Ave.
New York, N.Y
Phone: (212)
Go to:
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26. External Scholarships
Check with local sources – church, parents’ employer, professional organizations, private corporations, and local politicians
Register for free scholarship searches:
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27. The City College of New York Wille Administration Building, Room A-104
Contact
Financial Aid Office
The City College of New York
Wille Administration Building, Room A-104
160 Convent Ave.
New York, N.Y
Phone: (212)
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