Are You Eligible?
- You must be a U.S. citizen or eligible non-citizen – Students with permanent resident status must provide alien registration information
- You must be regularly admitted to and enrolled at Cochran School of Nursing as a matriculated student
To apply for Financial Aid you must complete the following:
1. Create a FSA ID (Federal Student Aid Identification) on https://studentaid.gov/fsa-id/create-account/launch
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- You will need the FSA ID for both student and parent (if student is under 24).
- Keep in mind the student’s information goes on the Student’s FSA ID such as email, phone, social security number, date of birth. The Parent’s FSA ID will match the parent’s information such as email, phone, social security number, date of birth.
- Do not use a temporary email address (such as a high school email address).
2. Complete the FAFSA on https://studentaid.gov/h/apply-for-aid/fafsa.
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- The Summer and Fall of 2024 will use the 2024/2025 FAFSA.
- The FAFSA must be completed for each academic year.
3. Complete the TAP application on www.tap.hesc.ny.gov/totw/.
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- Only applicable for New York students: who live in New York state and are going to a New York college.
School Codes: FAFSA: 006443 | TAP: 0745
Aid Available:
A Federal Pell Grant is a type of student financial aid that does not have to be repaid. Pell Grants are typically awarded only to undergraduate students who have not earned a Bachelor’s, Graduate or Professional degree, and who demonstrate financial need.
The New York State Tuition Assistance Program (TAP) helps eligible New York residents pay tuition at approved schools in New York State. Depending on the academic year in which you begin study and because TAP is a grant, it does not have to be paid back.
Financial Aid for Part-Time Students:
This will depend on what type of financial aid you are eligible for and how many credits you plan to enroll in. You must still complete the FAFSA and the TAP application. Below are the NYS TAP programs for part-time students.
• Complete the APTS application, that will be posted 4 weeks after school begins.
• Students attending 3 to 11 credit hours may be eligible, however, funding is limited. Awards vary up to the cost of tuition and are determined by family income.
• You will also need a copy of your and/or your parents’ NYS Income Tax Return.
• APTS will be awarded 4 to 5 weeks after classes begin. They may not be included in your original award letter.
• To be eligible, students must be attending 6 to 11 credit hours. Award amounts will be a percentage of the full TAP award depending on the number of credits the student is registered for.
• From the confirmation page of the online FAFSA application, select the link “File your state application now.” Complete and submit the application. (Your FSA ID will act as your signature)
• If you did not file your TAP application at the time you filed your FAFSA online, you can complete your TAP application online at www.tap.hesc.ny.gov/totw/. First time users will be required to establish a TAP User ID and PIN. (Parents are not required to establish a TAP User ID and PIN).
Non-New York State residents are encouraged to apply for any available state aid as well as scholarships from the state they reside in.
After you have filed your FAFSA and TAP application be on the look out for your Financial Aid Summary letter or a letter from us asking for additional information.
Federal Loan Programs:
Federal Direct Parent PLUS Loans:
Enable parents to receive funds from the U.S. Department of Education, to pay for their child’s college education.
• Student must be a dependent student who is enrolled at least half-time (6 credit hours)
• Parent must be the biological or adoptive parent of the student for whom they are borrowing
• Parent cannot have an adverse credit history (a credit check will be performed)
• Both the parent and student must not be in default on any federal education loans or owe an overpayment on a federal education grant.
• Both the parent and student must be U.S. citizens or eligible non-citizens.
- Go to https://studentaid.gov
- Parent will sign in using the parent’s (Federal Student Aid) FSA ID
- Select: Request a Direct Plus Loan
- Select: Parent Plus
- A credit check will be processed to determine eligibility. If the credit check comes back favorable, the parent will have to complete a Master Promissory Note (MPN) once the loan has been processed. The MPN will be completed on the same website, https://studentaid.gov. If the parent loan is denied, the parent may request to have an endorser for the loan or appeal the credit decision. If the loan is subsequently approved, the parent will then be required to complete Parent Plus Loan MPN on the same website.
- If the parent loan is denied and the parent does not want to pursue an endorser or appeal the denial, then the student is eligible to borrow up to an additional $4000 unsubsidized loan.
- Loan Amount: The maximum loan amount the parent can borrow is the student’s Cost of Attendance minus any other financial aid.
- Duration: Parents must apply annually for this loan.
- Repayment: You will start repaying the loan once it is fully disbursed. Parents may opt to defer principal payments on their PLUS loans for up to six months after the student graduates or is enrolled less than half time. If the loan is deferred, interest will accrue on the loan during deferment. Once a Plus loan has been disbursed, your loan servicer will contact you with information on how and when to repay your loan.
Federal Direct Student Loans:
Are low interest loans available to students to help pay for their school expenses. Unlike other loans, a Federal Direct Loan is funded by the U.S. Department of Education rather than a bank or credit union. The Department of Education disburses the money directly to the school and the funds are applied to the student’s college costs. Just like other loans, Direct Loans must be repaid by the borrower.
To receive a student loan, students must complete the FAFSA form. Information from the FAFSA form will determine the type(s) of loans (subsidized and/or unsubsidized) the student is eligible for. Before the loan is disbursed to the students account, the student must complete Direct Loan Entrance Counseling. This counseling informs students of their rights and responsibilities as a student loan borrower, how and when repayment works and terms of the loan they are borrowing.
When a student is no longer enrolled for at least 6 credit hours, he/she must complete Direct Loan Exit Counseling. This is similar to the entrance counseling reminding students of their promise to repay the loan(s) and the various repayment plans available to the student.
Federal Direct Loan Eligibility Requirements:
• Student is enrolled at least half-time (6 credit hours)
• Student must have a high school diploma or equivalent
• Student must be matriculated (enrolled and working towards a degree or certificate program)
• Must be a U.S. citizen or eligible non-citizen
• Must have a valid Social Security Number
• Students must be making satisfactory academic progress
• Male students over the age of 18 must be registered with Selective Service
• Student’s existing Federal Direct Loans should be in good standing, not in default.
• Students cannot exceed their aggregate loan limit.
There are two types of Direct Loans for students:
Federal Direct Subsidized Loans are available to students that are enrolled at least half-time (6 credit hours), have financial need, and have not received financial aid exceeding their cost of attendance. The loan does not accrue interest while the student is enrolled at least half-time.
Federal Direct Unsubsidized Loans are available to students that are enrolled at least half-time (6 credit hours) and have not received financial aid exceeding their cost of attendance. Unlike the subsidized loan, the unsubsidized loan does accrue interest while the student is in school, during their grace period, and during deferment.