1. SUNY Financial Aid Day Tom Panettiere & Greta Silva
Student Financial Services

3. Every Year Please:
Complete the FAFSA, Free Application for Federal Student Aid
Available October 1
Uses 2-year old tax information
New York Residents should also apply for TAP, Tuition Assistance Program
New York Residents should also apply for the Excelsior Scholarship

4. Excelsior Scholarship will help families with incomes generally between $50, ,000 for *
Be a NYS resident & a US citizen or eligible non-citizen
Be attending a SUNY or CUNY
Be on track to graduate on-time
Must complete at least 30 credits per year
Meet household Adjusted Gross Income limits:
$125,000 in 2019/20 uses 2017 income
Live/work in NYS agreement (failure to do so can turn this to a loan)
Limited Window to Apply
Contact New York State Higher Education Services Corporation
Sign Up Online to Receive Notifications
Chat Feature Works Well

5. Important Tips
If Your Situation Changes From the 2 Year Old Tax Info…Contact the Financial Aid Office
Look into working on campus through Work-Study or Career Development/JobScore
Stay On Track to Graduate On Time or Early!
Students need to be monitoring their Purchase College

6. How Much Can College Cost?
4-Year PUBLIC In-State, On-Campus
Tuition and fees: $ 8,688
Room and board: $13,764
Books and supplies: $ 1,250
Transportation: $ 1,170
Personal expenses: $ 2,100
Cost Of Attendance: $26,972

7. What Determines Financial Need?
Expected
Family
Contribution

9. Types of Financial Aid
Grants and/or Scholarships
Work
Loans

10. Sources of Financial Aid
Federal Government
State Government
Private Resources

11. Grants and/or Scholarships
Tuition Assistance Program (TAP)-NY Res.
Excelsior- NY Res.
Federal Pell Grant
Federal SEOG

12. Purchase College Scholarships- $2.2 Million Awarded in 2018-19
At Purchase, determination of scholarship eligibility is made by either the Admissions Office or the Arts Conservatories (if the student is an Arts major).
If going elsewhere and checking on scholarship eligibility, try to inquire which office is responsible for the awarding.
At Purchase, questions on scholarship eligibility can be forwarded to Daija Russell, Scholarship Coordinator

13. The College Board www.collegeboard.com
FastWeb.com
Federal Money
FinAid.org
Scholarships.com

14. Loans Federal Stafford (for students)
Subsidized (interest rate in =5.05%)
Unsubsidized (interest rate in =5.05%)
Federal PLUS Loan (for parents)
Parent must go through credit check
(interest rate in =7.60%)
Parent can borrow remainder between cost of attendance minus Fin. Aid
Private Education Loans (not recommended)
May be variable interest rate
Student will probably need cosigner (depending on lender, may not need to be parent)

15. The Road to FAFSA Make sure it’s the correct webpage! And FREE
FAFSA.ED.GOV
Create an FSA ID for student and one parent
FSAID.ED.GOV

16. Looking Forward
Learn about smart borrowing (Purchase College website under Financial Aid/Financial Literacy SUNY Smarttrack Financial Planning)
Help is all around
Plan to complete your degree on time or early
Be aware of deadlines