To be eligible for financial aid you must be matriculated into a degree program, be enrolled for at least six credit hours each semester for federal aid programs and twelve credit hours each semester for the NYS Tuition Assistance Program (courses you have previously passed and are now repeating cannot be counted toward the required twelve hours), and be making satisfactory academic progress. Please note: only courses required for your degree program are considered in determining your enrollment status as it relates to financial aid eligibility. Student aid cannot be awarded for classes that do not count toward your degree.<\/p>\n
In order for the SUNYIT Financial Aid Office to process aid for a student, the following steps must be completed:<\/p>\n
The primary responsibility for meeting educational costs rests with the student and his\/her family. Estimating a reasonable family contribution is accomplished by using a needs analysis formula approved by the U.S. Department of Education to review the family\u2019s financial situation.<\/p>\n
SUNYIT gives priority in the awarding of financial aid to those students with the greatest net financial need. Net financial need is determined by subtracting the expected family contribution and the estimated Federal Pell Grant and Tuition Assistance Program awards from the student\u2019s estimated cost of attendance. The family contribution, determined from the information on the FAFSA, is made up of the expected parents\u2019 contribution (dependent students only), expected student\u2019s earnings, expected contribution from the student\u2019s assets, and any benefits (veterans, welfare, etc.) that the student may receive.<\/p>\n
SUNYIT does not have a deadline for applying for financial aid, but we encourage our students to apply by March 15 each year. Applications are processed on a rolling basis starting in late February. Campus-based financial aid will be awarded until the funds are exhausted. It is important to note that these funds are limited and no guarantee can be made that they will be offered to all students.<\/p>\n
A financial aid award letter will be sent to each student who has been accepted and has submitted all required financial aid documents.<\/p>\n
The federal government chooses some applications to be verified. In those cases, the Financial Aid Office will request additional documents including a verification worksheet and signed copies of federal tax return transcript and W2 forms. These documents must be reviewed and necessary corrections made before financial aid is awarded.<\/p>\n
If there has been a significant decrease in the student’s (if independent) or parents\u2019 (if dependent) income from the prior year, a Special Condition form may be submitted to the Financial Aid Office along with supporting documentation. The Financial Aid Office may be able to use the current year’s estimated income rather than the prior year\u2019s to determine eligibility for federal aid.<\/p>\n
Students receiving financial aid can expect one-half of their award to be credited to their account each semester. Any balance due to the student after charges owed SUNYIT have been satisfied is refunded to the student as the funds arrive on campus. Federal College Work-Study students will be paid on a bi-weekly basis for the work accomplished during the previous pay period and therefore, these funds cannot be credited to the student\u2019s semester bill.<\/p>\n","protected":false},"excerpt":{"rendered":"
To be eligible for financial aid you must be matriculated into a degree program, be enrolled for at least six credit hours each semester for federal aid programs and twelve credit hours each semester for the NYS Tuition Assistance Program (courses you have previously passed and are now repeating cannot be counted toward the required […]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":58,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-59","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/webapp.sunypoly.edu\/undergrad-catalog-2013-2014\/wp-json\/wp\/v2\/pages\/59","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webapp.sunypoly.edu\/undergrad-catalog-2013-2014\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/webapp.sunypoly.edu\/undergrad-catalog-2013-2014\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/webapp.sunypoly.edu\/undergrad-catalog-2013-2014\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/webapp.sunypoly.edu\/undergrad-catalog-2013-2014\/wp-json\/wp\/v2\/comments?post=59"}],"version-history":[{"count":0,"href":"https:\/\/webapp.sunypoly.edu\/undergrad-catalog-2013-2014\/wp-json\/wp\/v2\/pages\/59\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/webapp.sunypoly.edu\/undergrad-catalog-2013-2014\/wp-json\/wp\/v2\/pages\/58"}],"wp:attachment":[{"href":"https:\/\/webapp.sunypoly.edu\/undergrad-catalog-2013-2014\/wp-json\/wp\/v2\/media?parent=59"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}