New York Institute of Technology is committed to helping students afford the opportunity for a valuable education. In order for the college to determine eligibility for any type of financial aid, all students (except international students) must complete the Free Application for Federal Student Aid (FAFSA) at studentaid.gov. Financial aid is provided through institutional, state, and federal funds for scholarships, grants, loans, and employment. Aid offers are designed to recognize scholastic achievement, service, and/or demonstrated financial need. The variety of financial aid programs available allows many students to greatly reduce their educational costs while attending New York Institute of Technology.
Students who qualify for special discounted tuition rates may not qualify for other institutional scholarships, or may have scholarships and other aid offers reduced accordingly. In the case of a tuition discount (e.g., tuition remission), scholarships received for credits taken in excess of maximum allowable discounted tuition will be prorated accordingly based on standard remaining credit ranges. In addition, students may only qualify for one discounted tuition program at a time. Any combination of scholarships and tuition credit awards cannot exceed tuition charges.
Financial aid offers are not guaranteed, and are subject to any and all revisions in federal, state, and institutional policies; availability of funds; changes in enrollment; minimum grade requirements; housing status; and timely submission of all required documentation, including official transcripts, as well as adjustment of any miscalculation of awards. A student's financial aid eligibility requires registration in appropriate program-level courses. It is the student's responsibility to request, complete, and submit all forms with necessary documentation for all financial aid programs, including scholarships, in a timely manner. Financial aid offers are not granted retroactively and are subject to funds availability. All students must meet Satisfactory Academic Progress (SAP) requirements at all times in order to receive and retain financial aid. The university reserves all rights to review and/or modify its financial aid programs. All programs are subject to change due to revisions in federal or state government or institutional policies.
It is the student's responsibility to be aware of all filing deadlines for financial aid and to notify the Office of Financial Aid of any changes in enrollment, housing status, and dependency. Students should be aware that in the event of an over award, a situation that occurs when the amount of aid exceeds the student's financial need or cost of attendance, federal regulations require that the aid be reduced to within the student's established educational cost of attendance.
FERPA Regulations
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The following guidance provides eligible students with general information about the Family Educational Rights and Privacy Act (FERPA) …
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Federal Application Requirements and Procedures
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Requirements for Federal Student Aid
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Federal Verification Requirements
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Requirements for Determination of Independent Student Status for Purposes of Federal Student Aid
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Graduate or professional students are considered independent for federal student aid purposes …
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Financial Aid for Repeated Coursework: Financial Aid Impact
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Repeating courses may significantly impact Satisfactory Academic Progress (SAP) and eligibility for Title IV federal financial aid and institutional aid.
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Satisfactory Academic Progress (SAP) Policy
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Financial Aid Rules Regarding Academic Progress and Satisfactory Standards for Financial Aid Eligibility
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Introduction, Guidelines for Academic Progress
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Qualitative Standard, Graduate Standard
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Pace (formerly referred to as the Quantitative Standard), Completion Rate, Maximum Time Frame for Degree Completion
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Effects of Remedial, ESL, and Repeated Courses, Consequences of Failure to Meet Satisfactory Academic Progress
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Financial Aid Warning, Financial Aid Probation, Appeal Process
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Tuition Assistance Program (TAP) Satisfactory Academic Progress, TAP Waivers
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Title IV Student Withdrawal Policy
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Objective, Background, Policy
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Withdrawal Date, Official Notification Provided, Official Notification Not Provided
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Last Date of Attendance, Date of Institution's Determination of Student Withdrawal
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Date of Official Notification Provided, Date of Official Notification Not Provided, Rescission of Withdrawal
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Calculation of Earned Title IV Assistance, Withdrawal from Cycle Classes, Post-Withdrawal Disbursements
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Refund of Unearned Funds to Title IV, Refunds by the College, Refunds by the Student
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Payment Period or Enrollment Period, Documentation
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Veterans Benefits
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Veterans may qualify for additional benefits, including the Yellow Ribbon Program. For more information, contact the following agencies:
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Institutional Aid
Scholarships, Grants, and Assistantships
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Loans
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Additional External Study Options
Study Abroad Programs
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New York Institute of Technology's study abroad programs offer exciting and effective ways to learn about the rapidly changing world and offer students opportunities to experience different cultures …
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Financial Aid for Consortium Agreements
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New York Tech students who want to attend other institutions in the United States or abroad for a semester may be able to use federal financial aid under a consortium agreement …
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Financial Aid for Contractual Agreements
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New York Tech students who want to attend other non-Title IV eligible institutions in the United States or abroad for a semester may be able to use federal financial aid under a contractual agreement …
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Cooperative Tuition Award
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The Cooperative Tuition Certificate is an award that recognizes cooperating professionals/clinical instructors for mentoring New York Tech students…
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Additional Financial Aid Policies for Graduate Students
High School Diploma
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If you enroll in higher education for the first time on or after July 1, 2012, in order to be eligible for federal student aid, you must have either a high school diploma or a recognized equivalent (such as a General Educational Development (GED) certificate or a homeschool education).
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Transfer Students
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All graduate students transferring from other institutions will have their credits evaluated by the Office of Admissions prior to admittance to the university. The annual and aggregate limits for graduate-level loans are not contingent upon the number of transfer credits accepted by New York Institute of Technology.
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Graduate Student Admissions
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Students must be fully accepted and matriculated into an approved graduate program to be eligible for federal student aid funds.
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Combined Degree Programs – Federal Aid Eligibility
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Students enrolled in a combined undergraduate/graduate program are considered undergraduate for the first 90 credits for the purposes of awarding federal student aid. Upon satisfactory completion of 90 undergraduate credits, they become eligible to receive federal student loans at the graduate level.
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Graduate Students Enrolled in Undergraduate Courses
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A graduate student who is required to complete preparatory undergraduate coursework may be eligible for federal student loans.
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Preparatory Coursework
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Policy
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English as a Second Language (ESLI Courses): Financial Aid Eligibility
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GI BILL® is a registered trademark of the US Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official US government website at http://www.benefits.va.gov/gibill.