All students applying for Federal or New York State aid (Tuition Assistance Program or TAP) should file the FAFSA by the deadline:
Delays can cause reduction or complete loss of some sources of aid (especially gift assistance from the college). This can result in problems with settling the student's term bill and can endanger registration status.
Income alone does not determine your eligibility for need-based financial assistance; however, it is the most significant factor. Assets also influence the calculation as does family size, other family members in college, or documented unusual circumstances.
A financial aid package is a combination of the different types and sources of student aid available for use at Nazareth that is awarded to you based on the information you provided on the FAFSA. This can include grants (college, federal and state), loans, and work study. The total amount of aid awarded is based on the student's demonstrated need for a given year. Students must file the FAFSA each year to qualify for need-based assistance.
All financial aid awarded, with the exception of Federal Work Study, will be credited to your student account. Once your college charges have been paid (tuition, room, board and fees), any additional money will be refunded to you for other educational needs and living expenses. Wages earned from a work study job are paid directly to the student every two weeks.
You will receive a paycheck every two weeks. Work-study is not applied directly to the student account.
For students who will clearly be eligible for a refund, it is possible to receive a book allowance on your Naz Card from the Student Accounts Office to cover the cost of books at the Nazareth Bookstore.
Probably not but to be certain, please refer to Financial Aid Policies
No, Nazareth College does not base admissions decisions on a student's financial aid status. After the separate admissions decision is made, the Office of Financial Aid activates the packaging process with review of the data reported on the FAFSA.
Any time there is a significant change in a student's family's financial circumstances (such as loss of employment, death of a parent, serious medical condition, divorce etc.), we encourage the student or parent to write a letter or email detailing and documenting, as appropriate, the changed situation. All appeals are reviewed and responded to in writing. If a change in aid is warranted, the student will receive a new award letter detailing the revised aid amounts.
To be considered independent, you must be one of the following:
If you feel you have circumstances that make you independent but do not fall into one of these categories, make an appointment with the Financial Aid Office, 585-389-2310, to discuss your special situation.
You are not considered independent if you are estranged from your parents because you do not get along with them, nor if your parents choose not to pay for your education.
Yes. At the very least, you will be able to borrow using a low-interest Federal Direct Unsubsidized Student Loan. In order to receive a Federal Direct Student Loan, you must complete the Free Application for Federal Student Aid (FAFSA) at http://www.fafsa.ed.gov/.
Answer the questions using information about the parent that you lived with more during the past 12 months. If you did not live with one parent more than the other, give answers about the parent who provided the most financial support for you (e.g. money, gifts, loans, housing, food, clothes, medical expenses). Child support payments from your other parent will be taken into consideration, and information about the income and assets of any stepparent must also be provided. We realize that these situations can be sensitive and complicated. Please feel free to discuss your individual circumstances with one of our counselors. All information will remain confidential.
Submit a letter to the Office of Financial Aid describing the change. In addition, we may need a completed Special Condition Review Form and copies of your most recent tax returns and W-2's. We will review the new information and recalculate your financial aid eligibility. You should also provide documentation of the change (e.g. termination letter, copies of medical bills) as well as specific dollar amounts (e.g. amount paid out in medical/dental expenses, projected amount of decrease in annual income). A change in a family's financial situation can be reviewed at any time during the academic year. Please note that we must receive this information in writing to properly document a change in your financial aid situation.
The data reported on your FAFSA is used to calculate the Expected Family Contribution value. Nazareth College uses this value as a guideline for determining your aid eligibility. The federal EFC value is not necessarily your out-of-pocket cost to attend Nazareth.
Grants and scholarships are "gift aid". Gift aid is free money that does not have to be repaid. Loans are considered "self-help" programs. Loans have to be repaid by the borrower.
Nazareth College is a direct lending school, which means that all federal loans, including the Federal PLUS Loan, will be processed by Nazareth. To begin the loan application process, file the FAFSA. After the FAFSA is processed, you may see a Federal Direct Loan listed on your financial aid award letter. In addition to accepting the award and submitting additional required documents, first-time borrowers must also complete Entrance Counseling and a Direct Loan Master Promissory Note.
There are several types of federal loans including Direct Subsidized, Direct Unsubsidized, Subsidized Federal Stafford, Unsubsidized Federal Stafford, Plus and Perkins Loans. You do not have to begin repaying most federal student loans until after you leave college or drop below half-time enrollment. Find out when repayment starts, how to make your payment, repayment plan options, what to do if you have trouble making payments, and more by visiting www.studentaid.ed.gov under "How to Repay Your Loans" - Understanding Repayment.
Families have several options to assist with their costs. You may enroll in a monthly, interest-free payment plan. Parents of dependent students can borrow from the Federal Direct Parent PLUS Program. You also have the option of applying for a private/alternative loan (i.e. non-federal) as long as you have a credit-worthy co-signer.
Yes, reapply for financial aid each year using the FAFSA. The FAFSA application is available beginning October 1st. Reminders to reapply will be sent to Nazareth students who are receiving financial aid.
Usually the answer is yes, but not in every case. Every effort will be made to continue a similar level of institutional gift aid each year. Students receiving merit scholarships do not need to re-apply to renew those scholarships. Merit scholarships will automatically be renewed at the same level, as long as the renewal requirements are met. Students must reapply for need-based financial aid each year. Assuming you remain in good academic standing, file the application forms by the recommended deadline, and demonstrate a similar level of need, you can expect approximately the same level of institutional gift aid each year.
See the financial aid policy on study abroad.
Please refer to "Summer Study" in Financial Aid Policies.
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