Financial Aid

 

 


 

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    Grants, Campus-based Aid and Employment Programs

    Financial aid is divided into three basic categories: grants/scholarships, loans, and employment programs. Grants/Scholarships do not have to be repaid. Loans usually carry some form of interest payment and must be paid back to the lender. Employment Programs allow the student the chance to earn money to help with educational expenses.

    All students must file the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. The deadline for submission for new students is April 1st . When completing the FAFSA do not include parental information, unless you are applying for any campus-based funds, such as the Tuition Waiver Grant for Disadvantaged Students (DW)  or the Health Professional Loan. Parent information will be used only for consideration in awarding campus-based funds.  

    STATE PROGRAMS PROGRAM DETAIL & ELIGIBILITY AWARD LIMITS HOW TO APPLY
    Tuition Waiver Grant for Disadvantaged Students (DW)

    Does not need to be repaid.

    This grant is funded by the State University of New York, campus-based aid program and it provides up to a full waiver of tuition for students who qualify according to the current year EOP economic eligibility criteria and the Federal methodology of needs analysis. This is a need-based tuition waiver program available to New York State residents enrolled as full-time students in a State University first graduate or professional degree program. Medical and dental students have first priority for this award. Awards range from $100 per semester to full tuition minus any amount received from award for tuition only. Funds for the program are limited; award amount depends on the availability of funds. Students who complete an Institutional Application for Financial Aid; provide documentation of previous enrollment in an EOP, SEEK or HEOP Program, as well as provide parental information on the Free Application for Federal Student Aid (FAFSA), and demonstrate low family income will be given preference when being considered for this program.

    Continuing students who were awarded DW in the previous year must continue to provide parental information on the FAFSA and demonstrate low family income to maintain the award each year.

    Health Professions Student Loan (HPSL)

    Needs to be repaid.

    This loan is offered through the federal campus-based aid program. It is awarded to matriculated students with financial need. Payment is owed to the school that awarded the loan. Interest on this loan does not accrue while you are in school and during your initial grace period. You must maintain at least half-time status (6 credits) to defer repayment. Repayment begins 12 months after you graduate or fall below 6 credits. Interest rates during repayment are locked at 5%.

    Satisfactory Academic Progress is a requirement.

    For further information regarding repayment: SUNY Federal Health Professions Student Loan Program Borrower's Guide.

    Loans cannot exceed the amount of tuition plus $2,500. The award amount depends on the availability of funds.

    Students must complete an Institutional Application for Financial Aid, in addition to the FAFSA. Incoming students, who provide parental information on the FAFSA and demonstrate low family income, will be given preference when being considered for this program.

    Continuing students who were awarded HPSL in the previous year must continue to provide parental information on the FAFSA and demonstrate low family income to maintain the award each year.

           
    FEDERAL PROGRAMS PROGRAM DETAIL & ELIGIBILITY AWARD LIMITS HOW TO APPLY

    Federal Work-Study (FWS)

    Employment requirement

    This federal program provides on-campus employment opportunities to graduate and undergraduate students. Please contact Deborah Schade, Director of Student Services, in the SDM, for more information about procedures and available jobs in the School of Dental Medicine. Before you start employment, you need to complete and sign required employment documents.

    Satisfactory Academic Progress is a requirement.

    FWS hourly rates range from $7.25 to $17.91. (Average rate is $10.00 per hour.) Typical annual earnings are $1,500. File the Free Application for Federal Student Aid (FAFSA) With Stony Brook's School Code 002838.