Government Grants & Loans
Your eligibility for these awards is estimated using the information you report on the financial aid forms. You must comply with all program requirements to receive these funds. Please follow up on all requests for information from government agencies.
Federal Pell Grant
Funded by the federal government, eligibility is determined by filing the Free Application for Federal Student Aid (FAFSA). You will receive a Student Aid Report (SAR) indicating your eligibility for this grant. You will be directed to check and correct all data as necessary. Please follow the instructions in Part I of your SAR. If you do not receive your SAR within four weeks of filing, call 319-337-5665. Only undergraduate students are eligible for this grant and amounts can range from $303 to $5645.
New York State Grant - Tuition Assistance Program (TAP)
New York State TAP eligibility is currently based on the family's New York State taxable income and information submitted on the FAFSA and the New York State Express Tap Application (ETA). You will be automatically be sent an ETA if you are a New York State Resident, and listed at least one New York State school on your FAFSA. An actual award certificate from New York State Higher Education Services Corporation (NYSHESC) will be sent to you. This grant may only be used at colleges within New York State. If you do not receive an award certificate from NYSHESC within four weeks after filing for TAP or within 3 weeks of the passing of the State budget (whichever is later), contact NYSHESC at 518-474-5642. Click here to check on your TAP status.
New York State Aid for part time study (A.P.T.S)
These funds are limited, and are awarded based on NYS net taxable income, academic performance, availability of funds, and number of credits. The maximum award is $2,000 and students must be enrolled for at least 3 but less than 12 credits per term. Students should apply at least one month prior to the start of classes for APTS. The application can be found in the Forms & Worksheets section. Students must submit this application as well as their NYS taxes to Student Financial Services. No funds will be awarded later than 30 days after the last day of drop/add registration.
Academic Competitiveness Grant (ACG) and National Science and Mathematics Access to Retain Talent Grant (SMART)
The ACG and SMART Grant awards have been discontinued for the 2011-12 year.
Other State Grants
There are some states which allow students to carry state aid with them to colleges outside of their home state. These include: Vermont, Rhode Island, Maryland, and the District of Columbia. If applicable, check with your guidance counselor to determine how to file.
Federal Direct Subsidized/Unsubsidized Loans
For more information on 2013-2014 Direct Federal Stafford Loans please visit the Loan Information Section.
The chart below shows estimated monthly payments and total interest charges for loans of varying amounts, with standard repayment plans. Additional payment plans, such as graduated repayment and income-sensitive options, may also be available.
Federal Direct Parent PLUS Loan for Undergraduate Students and Additional Unsubsidized Eligibility
For more information on 2013-2014 Direct Federal Parent PLUS Loans please visit the Loan Information Section.
The standard repayment plan for federal loans is a 10 year fixed payment plan. Other repayment plans include Income-Contingent Repayment, Income-Based Repayment, Extended Repayment and Graduated repayment. The Department of Education provides repayment calculators for students to view their potential repayments.