How will my eligibility for financial aid be determined?
Your financial aid eligibility is determined by subtracting your
family’s ability to pay for your educational expenses for the year
(your EFC on your FAFSA), from your cost of attendance (including
tuition, fees, room, board, books, transportation and personal
expenses).
Cost of Attendance - EFC = Financial Need
What is a Financial Aid “package”?
Your financial aid package is the summary of your financial aid
awards.
Will my financial aid vary from year to year?
Most likely, yes. As your/your parent’s information changes each
year, your family’s expected contribution (EFC) may change. You
need to reapply each spring with the latest FAFSA.
We have had a drastic change in our family circumstances. Can you
help?
If you have special circumstances that are not addressed on the
FAFSA (for example, lost or reduced salaries, unemployment,
unusually high medical or dental expenses, death of a family
member) please fill out a " special circumstances form
". We will review the change(s) in your circumstance and if funds
are available, send a revised award letter.
When do I, as a parent, apply for a Federal PLUS loan?
We ask that you apply no earlier than June 15th. We process our
federal student loans, including PLUS, after July 10th of each
award year. This is to assist you with securing the lowest possible
interest rates, as they change each July 1st. You may apply online
for your Federal Direct PLUS loan at www.studentloans.gov.
This is a secure website and a good source for all federal loan
information. Please review our Direct Loan Step by
Step information sheet at this link. You may also contact
StudentLoans.gov at 1-800-557-7394, if you have specific questions
or problem with the site.
What is your school code for the FAFSA?
Our Title IV School Code: 002778
Fill out the FAFSA form online:
www.fafsa.ed.gov
NYS TAP Code (Undergraduate): 2110
Deadline: February 15 for freshmen; regular deadline is March
1.
Click here to view the New Student Day 2012
presentation (in .pdf format), which also includes a list of very
helpful websites.
Contact Financial Aid:
email: finaid@msmc.edu
Phone: 845-569-3194
Fax: 845-569-3302