your student aid agency new york state higher education services corporation

Your Student Aid Agency

New York State Higher Education Services

Corporation

HESC

High School Counselors’ student financial aid resource

Help students prepare and pay for college

Types of Financial Aid?

Grants-free money

Scholarships-free money

Employment opportunities

Loans

Sources of Financial Aid

New York State Federal government Colleges Private sources

Grants

Usually based on need; sometimes on other factors

Do not have to be repaid Examples:

Federal Pell Grant New York State Tuition Assistance

Program (TAP)

Scholarships

Based on academic ability, talent or special circumstances

Do not have to be repaid May have a service component

New York State Tuition Assistance (TAP)

Undergraduates Full-time and part-time study Tuition at eligible colleges in NYS Up to $5,000 per year

Type of academic institution and tuition NYS net taxable income Up to $80,000 combined family income for

dependent undergraduate student, married students, or student with tax dependents

Up to $40,000 for married students with no tax dependents

Up to $10,000 for single independent students with no dependents

TAP Awards

Other New York State Programs

Aid for Part-time Study (APTS) Veterans Tuition Award NYS Scholarships for Academic Excellence NYS Math & Science Teaching Incentive

Program World Trade Center Memorial Scholarship Military Service Recognition Scholarship

Loans

Federal Loans Direct Subsidized Loan Direct Unsubsidized Loan Direct PLUS Loan Perkins

New York State Loan NYHELPs

Federal Aid Eligibility

To receive, a student must: Have a high school diploma or equivalent,

such as a GED Be enrolled or accepted for enrollment as a

matriculated student working toward a degree or certificate in an eligible program

Be a U.S. citizen or eligible non-citizen

Federal Aid Eligibility

Have a valid Social Security Number Make academic progress Register with Selective Service, if applicable Sign a statement of educational purpose

and a certification statement on overpayment and default, both found on the FAFSA

New York State Aid Eligibility

To receive, a student must: Be a New York State resident Attend and be matriculated at an eligible

school in New York State Meet other eligibility criteria for specific

programs

Definition of Need

Cost of Attendance (COA)

– Expected Family Contribution (EFC)

= Financial Need

Cost of Attendance

Expenses related to a disability

Dependent or elder care expenses

Expenses for study abroad, cooperative education programs

Tuition & fees Books & supplies Room & board Transportation Misc. personal

expenses Loan fees

FAFSA.gov

FAFSA Preparation

FAFSA4caster.ed.gov

Use to pre-fill the FAFSA

Pre-application worksheet & built-in edits to help prevent costly errors

Paper FAFSA available at www.FSAPubs.gov

Apply for TAP

TAP Deadline

June 30 – same as FAFSA deadline

Tips

Complete the FAFSA every year Complete the FAFSA early – available

January 1st Meet all deadlines Keep copies of all forms Contact the college financial aid

administrator if your financial situation changes

NYHELPs:

Apply for and receive all grants, scholarships and federal loans available

Compared to other loans with variable rates NYHELPs saves money over the life of the loan

Students who are NYS residents attending participating NYS schools

To apply: Visit HESC.org/NYHELPs

High School Counselors

HESC is your information source

for college and career planning

and student financial aid

information.

HESC.org

HS Counselor Newsletter

Link to HESC

Link HESC to your school’s website

Web “Jump Page”

Available to link to HESC.org

HESC Additional Resources

HESC E-Library

Use HESC articles in your student and parent newsletters

Ordering HESC Publications

HESC Publications

New High School Publication

HESC HS Calendar

Financial Aid Calculators

HESC Financial Literacy

Student Financial Aid Month

Student Financial Aid Month

Financial Aid Basics seminars Complete the FAFSA Workshops at schools

and local community centers FAFSA Hotline Regional information available at

StartHereGetThere.org

Student Financial Aid Month

StartHereGetThere.org

Get the FACTS

Financial Awareness and Consumer Training for Students

Financial literacy curriculum for your students

HESC professional staff will train your staff to present

HESC staff will present to your students at your location

FACTS Training Outline

Importance of Completing High School and College

Identify Needs vs. Wants Develop a Spending Plan Use of Debit vs. Credit Cards Prevent Identity Theft

FACTS: Money Wise 411

Helps students develop skills to avoid credit card debt

FACTS Presentations

Contact: Pamela Jerome (518) 402-3521

Helpful Web Sites

HESC.org FinAid.org StudentAid.ed.gov FAFSA.gov CollegeBoard.com

QUESTIONS?Joe Gorman

jgorman@HESC.org

518-486-6281