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Financial Aid: Undergraduate Students

NYIT is committed to helping students afford the opportunity for a valuable education. In order for the college to determine eligibility for financial aid, all students (except international students) must complete the Free Application for Federal Student Aid (FAFSA) at fafsa.ed.gov. Financial aid is provided through various sources (e.g., college, state, and federal funds). This aid is awarded in the form of scholarships, grants, loans, and employment opportunities. Awards are designed to recognize scholastic achievement, service, and/or demonstrated need. The variety of financial aid programs available allows many students to greatly reduce their educational costs while attending NYIT.

Financial aid award(s) 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. 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. Awards 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. NYIT 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. Additional criteria and information may be obtained from the Office of Financial Aid. Students are responsible for reading Financial Aid Disclosures before deciding to accept or decline their financial aid.

It is the student's responsibility to be aware of all filing deadlines for financial aid and to notify the Financial Aid Office 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
  • Federal Verification Requirements

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Requirements for Determination of Independent Student Status

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To be considered an independent student for any federal financial aid program, students must meet the following criteria …

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Scholarships and Grants

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  • First-Year Student Scholarships
  • Transfer Scholarships
  • Continuing Student Scholarships
  • NYIT Grant
  • Athletics Service to School Award

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Eligibility: All Students

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  • Eligibility for NYIT institutional scholarships, grants, and assistantships is limited to students whose campus location is Long Island (Old Westbury), New York City (Manhattan), or Online, unless otherwise stated.
  • Eligibility for NYIT institutional scholarships, grants, and assistantships are limited to students who are meeting Satisfactory Academic Progress (SAP).
  • NYIT institutional scholarships, grants, and assistantships are awarded and applicable to fall and spring semesters only, unless otherwise stated.
  • All registered credits, for determination of eligibility, must be applicable to the student's degree program of study.
  • Students have the responsibility to request, complete, and submit all forms with necessary documentation for all financial aid programs, including scholarships, in a timely manner.
  • Awards are not granted retroactively.
  • Any designated "tuition only" awards cannot exceed the cost of tuition and will be reduced accordingly.

For maximum consideration for all types of scholarships and awards, students must file the Free Application for Federal Student Aid (FAFSA) by the February 1 priority date. Additional information on program-specific awards and availability can be found by visiting the Office of Financial Aid.

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Federal Grants

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State Grants & Scholarship Programs

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Other State Aid Outside of New York

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Loans

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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
  • Introduction, Guidelines for Academic Progress
  • Qualitative Standard, Undergraduate Standard
  • Pace (formerly referred to as the Quantitative Standard), Completion Rate, Maximum Time Frame for Degree Completion
  • Effects of Remedial, ESL, and Repeated Courses, Consequences of Failure to Meet Satisfactory Academic Progress
  • Financial Aid Warning, Financial Aid Probation, Appeal Process
  • 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
  • Withdrawal Date, Official Notification Provided, Official Notification Not Provided
  • Last Date of Attendance, Date of Institution's Determination of Student Withdrawal
  • Date of Official Notification Provided, Date of Official Notification Not Provided, Rescission of Withdrawal
  • Calculation of Earned Title IV Assistance, Withdrawal from Cycle Classes, Post-Withdrawal Disbursements
  • Refund of Unearned Funds to Title IV, Refunds by the College, Refunds by the Student
  • 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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Additional External Study Options


Study Abroad Programs

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NYIT's study abroad programs offer exciting and effective ways to learn about the rapidly changing world and offer students opportunities to experience different cultures. NYIT has several study abroad programs administered by various academic departments that enable students to earn credits toward an academic degree …

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Financial Aid for Consortium Agreements

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NYIT 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. Students must be approved by their respective academic department prior to attending another institution for the semester(s) …

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Financial Aid for Contractual Agreements

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NYIT 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. Students must be approved by their respective academic department prior to attending the semester(s) …

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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 NYIT students. This certificate is granted in recognition of service rendered to NYIT via the Cooperating Professional or Clinical Instructor programs. …

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Vocational Independence Program (VIP)

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Students enrolled in NYIT's Vocational Independence Program may be eligible to receive federal student aid in the form of a Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), and/or the Federal Work Study Program …

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Additional Financial Aid Policies for Undergraduate 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, as defined by state law …

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Transfer Students

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All students transferring from other institutions will have their credits evaluated by the Transfer Credit Evaluation department once admitted to NYIT. The final number of transferred credits will be posted to the system of record only after the student is enrolled and all final official transcripts and relevant test scores have been received …

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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 excluding students enrolled in the B.S./D.O.* program. Upon satisfactory completion of 90 undergraduate credits, they become eligible to receive federal student loans at the graduate level …

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Undergraduate Students Enrolled in Graduate Courses

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A student in an undergraduate degree program is not eligible for graduate loans based on taking graduate coursework as a part of the undergraduate program. An undergraduate student who elects to enroll in graduate coursework must obtain approval from both his/her academic department and the Office of the Registrar …

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Preparatory Coursework

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  • Policy
  • English as a Second Language (ESLI Courses): Financial Aid Eligibility

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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
  • Repeated Coursework: New York State Tuition Assistance Program Regulations (TAP)

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