Financial Aid

Application Process

To be considered for financial aid, students must file a Free Application for Federal Student Aid (FAFSA) and a New York State Express Tuition Assistance Program (TAP) application. These two forms are the only financial aid applications required for all types of aid administered by the school, the federal program of Pell Grants and New York State Tuition Assistance Program (TAP).

Federal Stafford Loans, Federal Unsubsidized Stafford Loans and Federal Parent Loans (PLUS) require a separate loan application which may be obtained from the student’s lending institution.

Eligibility

of our students receive financial aid.

Eligibility for financial assistance is established according to information contained in the documentation the student receives in reply to the financial aid applications.

Financial assistance must be requested and needs to be determined annually. So, it is necessary to re-apply for financial assistance each academic year. Students are ineligible for financial aid if they are in default on any prior educational loan.

State and federal student financial aid programs are subject to adjustment, depending on any change in your financial status and on the allocation of funds to the school. Financial aid is awarded for the academic year and, unless otherwise indicated, awards are credited one half to each semester. Refund checks are issued twice a year as they are available. A list of programs appears in this section.

Financial Aid Programs

A combination of the programs below may be awarded as a financial package.

PELL Grant
Fund Source: US Government
Who is Eligible: All students with exceptional financial need who are attending at least half time and do not have a bachelor's degree.
Value: No repayment. Awards up to $4,310 per acedemic year according to federal formula.
How Funds Are Determined: Federal government evaluates application. Notifies student who is responsible for submitting PELL-SAR report to financial aid office at school.  Our Title IV federal school code is:  006445. 
How & When to Apply: High school seniors obtain FAFSA application from counselors. Current college students obtain forms from financial aid office or apply on-line at WWW.FAFSA.ED.GOV.   Submit FAFSA application before April 15. All students seeking aid from any source must complete the FAFSA application.

Crouse Scholarships
Fund Source: Auxiliary, medical staff, Memorial donations to Nursing Student Scholarship Fund
Who is Eligible: Nursing students with financial need and good academic standing.
Value: Award amounts based on financial need and academic achievement.
How Funds Are Determined: Using school application, award is determined through a report of FAFSA and the PELL-SAR.
How & When to Apply: Obtain FAFSA application from financial aid office. Complete and return before April 15.

Crouse Alumni Association Scholarship
Fund Source: Crouse Hospital Nurses Alumni Association
Who is Eligible: Nursing students with financial need and good academic standing.
Value: Award amounts based on financial need and academic achievement, ranging from $250-$500 per semester.
How Funds Are Determined: Using FAFSA, TAP and PELL reports, students are recommended to scholarship administrator, who determines awards.
How & When to Apply: Data relative to need and academic standing sent to scholarship administrator, who selects recipient. Apply before April 15.

Federal Subsidized Stafford Loans
Fund Source: U.S. Government, Through local banks
Who is Eligible: A full or half-time student. A FAFSA application must be filed first.
Value: Up to $3,500 per year, not to exceed $23,000 aggregate. Interest charges and repayment begin six months after leaving school.
How Funds Are Determined: Student determines amount needed and NYSHESC approves or adjusts according to financial need.
How & When to Apply: Student files FAFSA, then completes the borrower section of the Federal Stafford Loan Master Promisory Note and sends it to the school. School completes the school certification form and sends it all to the student's bank of choice.

Federal Unsubsidized Stafford Loan
Fund Source: U.S. Government, Through local banks
Who is Eligible: Full-time students who are financially independent of their parents under Federal Student Aid regulations.
Value: Up to $4,000 per year, not to exceed $23,000 aggregate. Student pays interest while in school.
How Funds Are Determined: Student determines amount needed and NYSHESC approves or adjusts according to financial need.
How & When to Apply: Same as Subsidized Stafford Loans.

TAP
Fund Source: New York state
Who is Eligible: All full-time students who are legal residents of New York and US citizens. Family net income not over $50,500 for dependent or married students and not over $10,000 for single independent students.
Value: No repayment. Awards up to $5,000 per academic year.
How Funds Are Determined:NYSHESC determines award based on need and amount of tuition.
How & When to Apply: Student must file the NYS Express Tuition Assistance Program application and FAFSA.  Our NYS T.A.P. code is 0190. 

Explanation of Abbreviations

FAFSA = Free Application for Federal Student Aid
PELL-SAR = Student Eligibility Report PELL Grant
NYSHESC = New York State Higher Education Service Corp.
TAP = Tuition Assistance Program

Financial Independence

Federal and state regulations establish specific criteria for students to qualify as financially independent for purposes of receiving financial aid. The instructions for each form must be read carefully to determine eligibility as a financially independent student.

Additional State Funds Available

Parent Loans for Undergraduate Students(PLUS)

Grants to Native American Students

Vietnam and Gulf War Veterans Tuition Award

Aid for Part-time Study (APTS)

Additional Federal Funds Available

Aid to Native American Students

Veterans - GI bill

Children of deceased or disabled veterans

For more information about these additional funds, contact the financial aid office.

Eligibility for and awarding of student aid is governed by federal and state regulations. Copies of these policies and procedures are available in the financial aid office.