Students attending Monroe College and enrolled in New York State campuses may be eligible for one or more types of financial aid in the form of government grants, federally guaranteed loans, work-study programs, college grants, loans, and scholarships. Students may also research outside scholarship sources found on the Internet. Students are also encouraged to check bulletin boards in the Student Financial Services Office on both campuses.

Financial aid funds are awarded according to the student's financial need as defined by a federal government formula, Monroe's equity packaging, the availability of funds, and meeting all state and federal eligibility requirements. Such funds must be used for school-related expenses.

Each program has its own eligibility requirements based on either federal or state regulations and/or Monroe College policies. To establish eligibility for aid, students must complete the necessary applications and upon request, provide documentation of income, family size, and eligibility. Dependent students will also need to supply their parent(s)' social security number(s) and date(s) of birth.

All applicants to Monroe College will have the opportunity to meet with a counselor to review the Free Federal Application for Federal Student Aid (FAFSA). Proof of eligibility and all income information from the previous year will be necessary for completion of the FAFSA. Estimates of aid will be discussed at this time.

Continuing students can meet, as needed, with a Financial Aid Counselor each new application year (generally around February or March) to complete a new FAFSA and discuss their financial aid estimates for the upcoming award year. Students are encouraged to utilize the Department of Education's WEB site (FAFSA on the WEB). Monroe College provides the necessary computer access and support in order to assist the student in expediting this process. The student should have a Federal PIN from the previous year. If not, the student and parents of dependent students should apply for a PIN via www.pin.ed.gov. Continuing students seeking financial aid for the Fall semester are encouraged to complete their FAFSA applications prior to July 14th.

The Free Application for Federal Student Aid (FAFSA) is used to determine eligibility for all federal grants, loans and work study programs. New York State will also use it to finalize the student's TAP award or to prepare an Express TAP Application (ETA), which will be sent to students and must be returned to the Student Financial Services Office within a week of its receipt.

Federal Pell Grant Program

The Federal Pell Grant is an entitlement program that grants awards to matriculated students in good standing based on their financial need. In the 2009-2010 academic year awards for full-time students will range from $976 to $5,350 per year. Students attending less than full time remain eligible for Pell at a prorated rate. The amount of the grant depends on a family's financial status (determined by a Federal formula), and a student's enrollment status.

Eligibility for FSEOG awards is determined by a standardized needs analysis in conjunction with Monroe's packaging guidelines. FSEOG awards will be awarded to students who are matriculated Pell recipients, with EFCs of 0, and who have met the requirements of satisfactory academic progress.

Award Schedule: The total FSEOG award may be $120 or $500 a semester for a full-time student depending on the student's dormitory residence. SEOG awards are prorated based on whether the student is less than full-time. Exceptional circumstances may be considered for increasing awards. In order to ensure consideration for FSEOG, the following deadlines have been put in place:

Fall Semester:

• Students already enrolled must file their FAFSA by June 30th.

• Spring starts must file their FAFSA by July 16th.

• Readmit students must be authorized and file their FAFSA by July 14th.

• Freshmen must be authorized and file their FAFSA by July 28th.

Winter Semester:

• Winter starts must be authorized and file their FAFSA by December 1st.

• Readmits who have not attended in the current year must be authorized and file their FAFSA by December 1st.

Spring Semester:

• Spring starts must be authorized and file their FAFSA by March 16th.

• Readmits who have not attended in the current year must be authorized and file their FAFSA by March 16th.

In unusual circumstances, a student who missed the deadline and would have been eligible for FSEOG, may be considered for an award if funds are available.

First Year ACG ($750 For The First Academic Year)

A federal grant for first-year (0 to 24 credits) undergraduate students who are ­--- and Pell eligible and graduated from high school after January 2005. As of 2009/2010, students may be US citizens or eligible non-citizens. Students may also be attending on a part-time basis. In such cases, their grant will be pro-rated. To qualify students must have completed a rigorous high school program, or received a NY State Regents Diploma with honors or advanced designation or, have received AP grades of 3 or higher in 2 AP courses or have completed two International Baccalaureate courses with a score of 4 or higher.

A rigorous high school program consists of the following:

• Passing grades in the following :

• Four years of English

• Three years of math including Algebra 1 and 2, Geometry or Data Analysis and Statistics or any other higher level math.

• Three years of science including at least two courses from Biology, Chemistry or Physics.

• Three years of Social Studies

• One year of foreign language

Recent high school graduates are requested to submit copies of their HS Diplomas and official High School transcripts to the Director of Freshmen Financial Aid on the Bronx Campus or the Director of Financial Aid on the New Rochelle Campus in order to determine eligibility for the ACG1 grant.

Students who self-identify for the ACG grant on the 09/10 FAFSA will receive a letter requesting that they submit copies of their HS Diploma and official H.S. transcript to the Director of Financial Aid Compliance on the Bronx campus. It is the student's responsibility to submit these documents. The appropriate College Administrator will notify the student of his/her eligibility.

Second Year ACG (24 - 48 Credits) ($1,300 Per Academic Year)

Second year undergraduate students who graduated after January 1, 2005 and meet the criteria for the first year ACG and who have a cumulative GPA of 3.0 may receive up to $1300 per academic year.

Recent high school graduates are requested to submit copies of their HS Diplomas and official H transcripts to the Director of Freshmen Financial Aid on the Bronx Campus or the Director of Financial Aid on the New Rochelle Campus in order to determine eligibility for the ACG1 grant.

Students who self-identify for the ACG grant on the 08/09 FAFSA will receive a letter requesting that they submit copies of their HS Diploma and official H.S. transcript to the Director of Financial Aid Compliance on the Bronx campus or the Director of Financial Aid on the New Rochelle Campus so that their eligibility for the ACG1 grant can be determined.

It is the student's responsibility to submit these documents.

Full-time undergraduate BBA students who are in their 3rd (60-90 credits) year and/or 4th year (90 - 120 credits) and are enrolled in program 150 or 155 (Computer Information Systems), have a cumulative GPA of 3.0 in their program, and are Pell eligible are eligible for this grant. As of 2009/2010 students may be a US citizen or an eligible non-citizen and may attend part-time. Smart Grants for part-time students will be pro-rated.

Transfer students who transfer in 60 or more credits and are majoring in Program 150 or 155 may request that the grades of their transfer credits be computed to determine their GPA for SMART Grant purposes only.

The maximum SMART Grant is $4000 per academic year.

Eligible students may receive a maximum of $4,000 in a SMART Grant3 award divided between two semesters and a maximum of $4,000 in a SMART Grant4 award divided between two semesters. Grade point eligibility is reviewed at the end of each semester. Eligible students who have earned 60 - 90 credits would be eligible for the SMART Grant3 award. Students who have earned over 90 credits would be eligible for the SMART Grant4 award until they had earned 120 credits. Students may not receive more than 2 Smart Grant3 awards or 2 Smart Grant4 awards.

Federal Work-Study Program (FWS)

FWS grants enable students to work in order to earn funds to help pay for their educational expenses. The Student Financial Services Office will determine if a student qualifies for this grant. In addition to the general Title IV eligibility requirements a student must meet, employment and the amount a student can earn will also depend on the availability of funds and available job sites. Continued eligibility for FWS employment is also contingent upon continued satisfactory academic progress, attendance, and job performance. Both FWS jobs and funds are limited. Students who are interested must apply at the Student Financial Services Office at the start of the semester.

Federal Educational Loan Programs (Title Iv)

As of Fall 2008, Monroe College began participating in both the Federal Family Educational Loan Program and the Federal Direct Lending Program.

Both loan programs are governed by the same regulations and have the same interest rates; however, in the FFELP program loan funds are provided by participating lending institutions. In the Direct Lending program, loan funds are coming from the Federal government. Both programs follow the same federal regulations, with the exception of Origination Fees.

• As of July 1, 2008, a net origination fee of 0.5% is deducted from each loan disbursement of a Direct Loan. This 0.5% net origination fee is a result of the Direct Loans instant rebate of 1.5% from the 2% fee required by law.

• If the student fails to make 12 monthly on-time payments during the first year of repayment, the amount of this rebate will be added back to the student's/parent's outstanding loan balance.

• Parents receive the same rebate against an origination fee of 4%.

Federal Educational Loan Programs (Title Iv)(Fflep)

The Federal Family Educational Loan Program is an entitlement program which enables eligible applicants to obtain student loans to meet their school related expenses. Federal regulations require that students must be matriculated, in good academic standing, and enrolled in a minimum of two classes. Students must complete a FAFSA application before applying for student loans. Before the loan process is completed, the student must also complete an Entrance Interview and a Master Promissory Note.

Federal Subsidized Stafford Student Loan

Federal Subsidized Student Loan is a low-interest loan authorized by the federal government to help pay for students' college costs. Freshmen may qualify for $3,500 for their first academic year. Students who have completed two semesters and earned 24 credits or more may qualify for up to $4,500 for their second academic year. Juniors and seniors in the BBA program with 60 or more credits may qualify for $5,500. The interest rate of 6.80% is established by the federal government. As of July 1, 2009, the fixed interest rate is 5.6%. The federal government pays the interest due the lender while students are matriculated and enrolled at least half -time in college and until repayment of the loan begins six months after students graduate or withdraw from the college. Undergraduate students may not borrow more than a total of $23,000 for all of their undergraduate studies.

Federal Unsubsidized Stafford Student Loan

The Federal Unsubsidized Student Loan Program allows independent undergraduate students to borrow up to $6,000 per academic year. Independent students or, in some special circumstances, dependent students can combine subsidized and unsubsidized loans for a total limit of $9,500 as a Freshman and $10,500 as a Sophomore. As a Junior or Senior, the borrowing limit is $12,500. The terms for an unsubsidized loan are the same as for a subsidized loan except for the interest payment: the government does not pay the interest of 6.80% on unsubsidized loans. Students must pay all the interest that accrues on this loan during the time they are enrolled in school, during the grace period, and during periods of authorized deferment and forbearance. As of 2009-2010 both independent and dependent students are eligible for an additional unsubsidized loan of $2,000 per award year.

Loan Disbursements

Loan disbursements may be reduced up to a .5% origination fee plus an additional 1% default fee charged by the guaranty agency. For first semester students, funds may not be disbursed earlier than 30 days from the beginning of the semester. Funds are disbursed for the Student Loan Program by the lender through the college.

The Federal Parent Loan Program (PLUS)

Federal Parent Loans for students are available to parents of dependent students to help meet their children's educational expenses. Application forms are available from participating lenders and the Student Financial Services Office. Student eligibility criteria are the same as those for Federal Stafford Loans; however, students do not have to complete a FAFSA application if a PLUS loan will be their only form of Financial Aid. PLUS loan borrowers are subject to credit checks.

All PLUS loan borrowers have a loan origination fee and insurance premium fee equal to 3% of the loan amount, which is deducted from the loan before it is disbursed. The loan is disbursed in two or more payments. The maximum PLUS loan is equal to the cost of a student's education minus other expected financial aid. Federal PLUS loans carry an interest rate of 8.50%; repayment must begin sixty days after the loan is disbursed. As of 2009-2010, holders of parent loans may defer repayment of their PLUS loan until six months after the student is no longer matriculated and enrolled at least half-time. During this period, holders of parent loans may choose to pay the interest on the loan or have it capitalized. Parents may discuss this with a Monroe Loan Advocate.

Federal Direct Subsidized And Unsubsidized Stafford Loans

As of the Fall 2008 semester, Monroe College became a participant of the Federal Direct Lending Program. Freshmen students who have not previously borrowed through FFELP are encouraged to use the Direct Loan Program. Transfer students who already have FFELP loans are encouraged to remain with their current lending institution if possible.

Required Steps:

• Complete the FAFSA
• Complete Entrance Counseling on the Federal Direct Loan Website: http://www.dl.ed.gov/
• First time borrowers must complete a Master Promissory Note electronically using a PIN by going to https://dlenote.ed.gov/ and going to Complete New MPN for Student Loans
• A Master Promissory Note may also be completed using paper, but the preferred method is electronic.
• The college may verify if a student already has a direct loan EMPN on the above web site.

The Federal Direct Subsidized Stafford Loan is a need- based loan administered by Monroe College through funding from the US Department of Education.

• The interest on the loan is paid by the federal government while the student remains in school at least half-time in a matriculated status.

The Federal Direct Unsubsidized Stafford Loan is administered by Monroe College through funding from the US Department of Education.

• The interest on the loan is NOT paid by the federal government while the student is in school.

• Interest will begin to accrue the day the loan is fully disbursed.

• The student has the option of paying this interest while in school or having the interest added to the principal balance of the loan when it enters repayment six months after the student leaves school.

• Example: Unsubsidized loan is $1,000

$200 in interest accrues on this loan while the student is in school

When repayment begins six months after the student graduates or leaves school, the amount the student now owes is $1,200.

Entrance And Exit Counseling For Direct Loan Borrowers

Students will be directed to the Direct Lending web site at http://www.dl.ed.gov/ to complete the relevant online counseling session. Subsequently the College will be notified of the completion of the interviews. Students who are unable to complete the counseling sessions online may avail themselves of the alternative method of completing a paper form of interview. This option requires the counselor to provide the student with the Direct Lending Booklet for the appropriate counseling session. The student completes the last two pages of the booklet and returns them to the counselor. These two options are the only forms of counseling that is acceptable.

Federal Direct Parent Loan Program (Plus)

Federal Direct Parent Loans for students are available to parents of dependent students to help meet their children's educational expenses. Parents may go to http://www.dlenote.ed.gov/ to complete an electronic Master Promissory Note after they have created a PIN. Student eligibility criteria are the same as those for Federal Stafford Loans; however, students do not have to complete a FAFSA application if a PLUS loan will be their only form of Financial Aid. PLUS loan borrowers are subject to credit checks.

All Direct PLUS loan borrowers have a loan origination fee and insurance premium fee equal to 4% of the loan amount. Parents receive the same rebate of 1.5% this origination fee of 4%, which is deducted from the loan before it is disbursed.

If the parent fails to make 12 monthly on-time payments during the first year of repayment, the amount of this rebate will be added back to the student's/parent's outstanding loan balance.

The loan is disbursed in two or more payments. The maximum Direct PLUS loan is equal to the cost of a student's education minus other expected financial aid. Direct PLUS loans now carry an interest rate of 7.9%. As of July 1, 2008, holders of Direct parent loans may defer repayment of their PLUS loan until six months after the student is no longer matriculated and enrolled at least half-time. During this period, holders of parent loans may choose to pay the interest on the loan or have it capitalized. Interest begins to accrue on the date of the first loan disbursement and continues to be charged during periods of deferment or forbearance. Parents may discuss this with a Monroe Loan Advocate. If the repayment is not deferred, it must begin 60 days after the loan is fully disbursed for that loan period.

Loan Limits For Both FFELP And Direct Loans

PLEASE NOTE: It is Monroe College's policy to counsel students to keep their loan debt as low as possible even though they may be eligible to borrow larger amounts. The College believes in helping students develop sound financial planning skills and keeping loan debt as low as possible if a key component of these skills.

AS of JULY 1, 2008, the loan limits for both FFELP and Direct Loans are as follows:

Dependent Students 

Independent Students

Maximum Aggregate (Combined Total)

Students may go to www.dlenote.ed.gov to Additional Resources and then Budget Worksheet to determine what the repayment amount for their loans will be.

Dependent students whose parents have been denied a Parent PLUS Loan, may be considered to be eligible for Independent unsubsidized loan limits.

Alternative Loans

Monroe College has identified alternative lenders who have established a positive track record. Interest rates are variable for most alternative loans. Students should consider interest rates, fees, and customer services when seeking an alternative loan for their education. Comparison information is available from the Office of Student Financial Services Office.

Generally speaking, however, the best rates are secured by having a co-signer and/or a superior credit rating. Students should resolve any outstanding credit issues before applying for an alternative loan.

Student Loan Policy And Practices/ Preferred Lenders/ Guarantee Agencies

Monroe College is devoted to providing its students and their families with the most vigorous level of support possible in assisting them in meeting their college expenses. Through Monroe's Student Financial Services Office assistance in applying for and securing educational grants, work study, college grants, and scholarships, loan services, payment plans and personal financial counseling is provided by a professional staff.

To provide the highest level of assistance and support for students, Monroe conducts exhaustive research to identify a range of financing options that offer highly competitive rates and choice of payment plans and benefits, customer service and convenience to our students.

For students contemplating student loans, a list of preferred lenders is developed annually to assist families in selecting the most effective and suitable lending options. This list may be obtained from the Student Financial Services Office.

Although this list may prove to be a helpful tool, it should be noted that Monroe will certify a loan from ANY Title IV participating lender a student or parent chooses.

To be selected as a preferred lender, the lending institution must be solidly established and have a proven, reputable record of meeting student loan needs. Further, they must provide Monroe students with:

• Quality products and features with no hidden fees;

• Outstanding customer service;

• Quick responses to resolving any student's loan issues;

• A toll free customer service number;

• Electronic processing of loans;

• Dedicated account representatives.

In addition, prior to the beginning of each academic year, extensive documentation relative to these criteria is requested from a broad array of lending organizations. Those lending institutions which appear to most closely meet the above criteria are subsequently interviewed by the College's Loan Committee. Based on this data, the lending institutions which receive the highest rating by the college are placed on the preferred lenders list. An easy comparison outlining the features and benefits among them is developed and made available to students.

Monroe College Preferred Lender List

The college utilizes New York Higher State Education Services Corporation (HESC) as the primary guarantor. These loans are processed through the HESC electronic fund transfer system. Students, however, have the right to choose a guarantor other than HESC. In such cases, students must speak to their Financial Aid Counselor.

Please See Monroe Web Site For Financial Aid For The Preferred Lender List.

www.Monroecollege.Edu | 1-800-55-MONROE | International: 1-914-632-5400 X6406

Rights And Responsibilities Of Federal Student Loan Borrowers

FFELP student borrowers are not required to begin repayments as long as they remain enrolled at least half time and for six months after they cease to be at least half-time. This is known as a student's grace period. Repayment must begin after the grace period ends. However, payment of principal may further be deferred for certain categories, such as Public Health Service Officers, the temporarily disabled, those in internships required before entering a profession, full-time Peace Corps, VISTA or similar national volunteer programs, unemployment, and full-time teachers in shortage areas.

If a student applies for more than one student loan, the application must be made to the same lending institution where the original loan was made.

After ceasing to be at least a half-time student, the borrower must make formal arrangements with the lending institution to begin repayment.

The following regulations apply:

• Depending on the amount of student loans, the minimum monthly payment will be $50 plus interest.

• Under extenuating circumstances, the lender, on request, may permit reduced payments.

• Repayment in whole or part may be made at any time without penalty.

• The maximum repayment period is ten years.

• Loans may be consolidated, resulting in longer repayment terms, smaller monthly payments, and an increase in the total interest that will be paid over the life of the loan.

• Loans may be repaid through the Income Contingent Program.

• Loans must be paid according to their terms and conditions; missing payments can result in the loan being placed in default.

• Loan borrowers who are experiencing difficulties meeting their loan payments must notify their lending institution to determine the right steps to take to rectify the matter, as well as the Director of Student Financial Advocacy at the college.

Loan borrowers who have concerns about any aspect of their loans should seek assistance from the Director of Student Financial Advocacy. If concerns remain, the Directors of Financial Aid, the Senior Vice President/Chief Compliance Officer, and the Dean of Student Financial Services Office are available to discuss any outstanding issues. Borrowers who continue to have unresolved issues can contact a Loan Ombudsman at 1-877-557-2575 or by Internet http://sfahelp.ed.gov/ http//ombudsman.ed.gov or by mail to the Office of the Ombudsman, Student Financial Assistance, U.S. Department of Education, Room 3012, ROB #3, 7th and D Streets, S.W., Washington, DC 20202.

Students may also access the NSLDS (National Student Loan Data System) web site, http://www.nslds.ed.gov to review information about their loans.

In exceptional cases, students may need an emergency advance against expected financial aid funds. After the third week of school, a student encountering a documented economic hardship may request a limited advance against their expected financial aid funds. Attendance is verified before such an advance is approved.

Title IV Grants are generally disbursed to student accounts after the third week of each term on a regular basis contingent on when the award is finalized. Loans will be paid to each student's account within three days of the receipt of the funds. Loan funds are generally delivered to the college via Electronic Funds Transfer (EFT). A student will receive notification that the school has received the loan via email with a reminder that he/she has the right to cancel all or part of the loan within 14 days.

Students whose financial aid is greater than institutional charges will be sent a refund of these proceeds within two weeks after the credit occurs. Pending and/or estimated aid will not result in a credit. A credit will only occur once all financial aid proceeds are paid to the student's account.

Student Eligibility Requirements For Title Iv Funds (Federal Financial Aid Programs)

• All male students between the ages of 18 and 25 must be registered with the Selective Service System to be eligible for any Title IV financial aid program. This applies to all United States citizens and eligible non-citizens. Members of the National Guard, Reserves and Armed Services must also register. Only permanent residents of the Trust Territory of the Pacific Islands and the Northern Marina Islands are exempt from this requirement. Male students may register or confirm their selective service status by going to sss.gov.

• Male students who have reached their 26th birthday and who are not registered with the Selective Service System must advise the admissions counselor and resolve this issue prior to starting classes.

Please note: It is the responsibility of the student who has not received clearance from the Selective Service System prior to beginning classes to speak to a financial aid counselor.

• Students must be citizens or eligible non-citizens in order to receive Title IV aid.

Students Chosen For Verification

The Federal Department of Education may select a student for verification, which means that specific items reported on the student's FAFSA application must be verified, i.e. income for student and/or parent, household size, number in college. Documentation may be requested if needed. Students have a maximum of 120 days to submit the required documentation or no later than September 27, 2010, whichever is earlier. Failure to submit documentation in a timely manner will result in loss of Title IV aid. Students who are identified as having been chosen for Verification by the Federal FAFSA processor will receive a letter from the Student Financial Services Office indicating that they have been chosen for Verification and that they will be contacted if they must submit documents to complete the verification process. It is the policy of the college that the verification process must be completed before Title IV funds are posted to the student's account.

To remain eligible for Title IV aid, students must make satisfactory progress towards completion of their degree. Satisfactory progress is measured by a qualitative standard (students must maintain a minimum GPA) and a quantitative standard (students must earn a percentage of credits attempted.)

Students must maintain a specific cumulative GPA by the completion of each semester of study. No student will be graduated with a cumulative GPA below 2.0. The prescribed minimum cumulative semester GPA is set forth below.

By the end of each semester listed, students must have achieved the cumulative GPA listed.

Two part-time semesters will count as 1 semester for qualitative purposes.

Students' academic progress will be reviewed at the end of each semester. Because the college does not transfer letter grades, students who transfer from another institution will be placed on the qualitative chart according to the semester that corresponds to the number of their accepted transfer credits. If they do not meet the corresponding required GPA at the end of their first semester, they will be placed on probation. They will have to meet the required standard at the end of their second semester in order to remain in good academic standing.

Readmit Students and Transfer Credits

Former Monroe College students who are readmitting may request that credits and grades earned at another institution be transferred to replace grades of F or W in classes taken at Monroe. Such transferred grades will be used in computing the student's GPA.

Transfer students who have received an ACG1 payment from their previous institution, may request that credits be transferred with grades for consideration of ACG2 eligibility. Such grades will not be used in computing a student's GPA at Monroe College.

Students are also expected to make satisfactory progress toward the completion of their degree. To this end, students are required to earn a certain percentage of credits attempted. To demonstrate satisfactory progress, students must meet the following requirements:

• During semesters 1 through 3, students must earn at least 50* percent of all credit courses attempted.
• During semesters 4 through 12, students must earn at least 67* percent of all credit courses attempted.

* Percentages will be rounded up to a whole number.

Students may not attempt more than 90-credits to earn the 60-credits needed for the Associate degree or 180-credits to earn the 120-credits needed for the Bachelor's degree or 225 credits to earn the 150-credit 5-year Baccalaureate degree.

However, students who have changed their majors may require more than the 90 credits to earn their Associate Degree, more than the 180 credits to earn their Bachelor's Degree, and more than the 225 to earn their 5-year Baccalaureate degree. The transcripts of such students will be reviewed on a case by case basis for further action.

Students matriculated for a second Bachelor's Degree are only eligible for Title IV aid in the form of loans.

Two part-time semesters will count as one semester for quantitative as it does for qualitative purposes.

A course with a grade of AW will be counted as a course attempted and will be calculated as an F in computing a student's GPA. A grade of W will not be considered when calculating a student's GPA. A course with a grade of I will be considered as a course attempted and will be calculated as an F for GPA purposes.

As of the end of the Spring 09 semester, a W will not count as a course attempted the first time the course is taken. All subsequent W's in that class will count as an attempted course. All F's and AW's will count as courses attempted and will be calculated as part of the student's GPA. If a student receives an F and then a W in the same class, the W will not count as a course attempted if it is the first W in that class. When a student earns a grade in the course, the best grade out of all the attempts will be counted for GPA purposes. A noncredit remedial course will not be considered when calculating a student's GPA and will not be considered as a course attempted. Students may repeat a class in their major in order to raise their GPA. CAUTION: A repeated class for which credit was received cannot be counted as part of the 12 credits needed for a TAP award. Such a class will need to be taken as a fifth class in order for the student to maintain eligibility for TAP and the student may not withdraw from any of the remaining classes. The grade from the second attempt will replace the first grade received. If this is the first repeat of that course, the first class will not be counted as a class attempted for quantitative and qualitative purposes.

A student who fails to achieve the quantitative standards outlined is placed on probation. Students who are on probation must achieve the required quantitative standards by the completion of the probationary semester in order to regain federal financial aid eligibility.

Students on probation remain eligible for Federal financial aid; however, they may lose eligibility for TAP if they have not met New York State's program pursuit, pursuit levels, academic standards, or 24 credit requirement.

A student who falls into one of the following categories will be subject to loss of Title IV eligibility:

1.   Students who fail to achieve the qualitative (cumulative GPA) standards previously cited will lose eligibility for Title IV.

2.   Students who fail to achieve the quantitative standards by the end of their probationary semester will lose eligibility for Title IV.

Students have the right to appeal a loss of eligibility if unusual circumstances prevented them from achieving the required standards. Proof of such circumstances will be required. Appeals must be submitted to the Director of Financial Aid on the New Rochelle campus or the Director of Financial Aid Compliance on the Bronx Campus.

If dismissed, students who have lost eligibility may return as non-matriculated students upon approval by the appropriate office and may register for courses at their own expense. Upon meeting the required standards of progress, they may apply for a change from non-matriculated to matriculated status.

Students who wish to withdraw from a course must do so by the date indicated in the Academic Calendar (available in the Student Services Office and the Office of the Registrar). Withdrawal forms must be completed in the appropriate office (Student Services Office, SGS, Bachelor's Program Office, On-Line Learning). Withdrawal from a course after the announced final withdrawal date, without formal permission, automatically merits a grade of F.

Withdrawal from a course(s) which results in less than full-time status during the add/drop period (week 1 and 2), will affect the student's enrollment status and financial aid

During semesters which are non-matriculated or in which the student does not receive any Title IV assistance, all appropriate courses taken will count as courses attempted for the cumulative quantitative analysis.

For example, a student who begins as a non-matriculated student and takes 6-credits and then matriculates the following semester, receives Title IV aid and takes 12 credits, will have attempted 18 credits.

While the credits attempted during these semesters must be counted in the cumulative quantitative analysis, the individual part-time semester does not count in moving a student up on the standards of progress chart.

Any semester in which an undergraduate student takes less than 12 credits or credit equivalents will be considered a part-time semester.

Classes taken during a part-time semester will count as credits attempted as long as they meet the above-mentioned criteria.

All part-time semesters will count as one-half a semester. Any time a student has a one-half semester completed (i.e. 2.5, 3.5, etc.), the student will be held to the lower semester's requirements. For example: A student who has completed one and a half semesters must meet the first semester completion standards.

Part-time Status is as follows:

Tuition Assistance Program (TAP)

The Tuition Assistance Program (TAP) is an entitlement program that provides for grant assistance to those students who qualify. Students' actual grants will vary depending upon their family status, prior year's income, and prior TAP usage. The maximum award is determined by the New York State Legislature when the state's budget is passed.

Students wishing to apply for TAP must file the FAFSA listing the New York State schools they are planning to attend. NYS Higher Education Services Corporation (HESC) will mail students an Express TAP Application (ETA) based on the current information reported on their FAFSA. If a PIN was used when filing the FAFSA, an ETA may not be needed.

Students who receive ETAs are expected to submit them to the Student Financial Services Office within a week of their receipt. The New York State deadline for submitting forms is May 1 of the current award year. Students under 35 who have lived with a parent in the previous year and/or are currently living with a parent are considered to be dependent by NYHESC and will have to provide their parent(s)' income information for the previous year on their ETA along with their parent(s)' signatures.

Students under 22 years of age who have not and are not currently living with a parent must meet special conditions to be eligible for TAP as an independent student. Contact the Student Financial Services Office for more information about these special conditions and the required proof of their existence.

To receive a third consecutive TAP payment, a student must have earned a total of 24 credits in the previous two TAP eligible semesters in addition to meeting all other TAP SAP requirements.

PLEASE NOTE: This review must be done after two consecutive semesters of TAP eligibility regardless of the total number of credits the student has previously earned.

Restoring Satisfactory Tap Academic Progress Program Pursuit And Pursuit Level

Students who have lost TAP eligibility may have their standing restored at Monroe College in one of the following ways:

• Make up academic deficiencies by attending classes without receipt of any state grants or scholarships

• Be re-admitted to school after an absence of at least one year

• Transfer in credits earned at another institution to make up for SAP deficiencies. Use a one-time TAP waiver

Regulations of the New York State Commissioner of Education permit students to receive a one-time waiver of New York State's TAP academic progress and pursuit level requirements as an undergraduate. A waiver is not automatic and must be done in accordance with the institution's criteria.

The waiver is issued by the institution if there were extenuating circumstances, out of the student's control, which caused the academic progress concern. The student's ability to benefit from a waiver will also be considered prior to its being approved.

NYSHESC maintains a record of all waivers granted. Waivers must be initiated by the Office of Student Services, SGS, On-Line Learning, or Bachelor's Office for day and evening students and must be approved by the Director of Financial Aid Compliance on the Bronx campus and the Director of Financial Aid on the New Rochelle campus.

Aid For Part-Time Study (APTS)

This program is for part-time undergraduate study. For the purpose of this program, part-time study means being enrolled for at least 6 but less than 12-credits per semester. Recipients will be selected from those that apply and who would otherwise be eligible for TAP. The award is contingent on student need as well as the availability of funds. An award cannot exceed tuition charges. The maximum award for the semester could be up to $1,000 and $2,000 for the academic year. The college reserves the right to deny awards to students who have not completed all their course work for the prior semester. For more information, please contact the Student Financial Services Office.

NYS Student Aid To Native Americans

Students who are listed on an official tribal roll of a New York tribe or who are children of an enrolled member may be entitled to aid under this program for up to four years of full-time study. For application and program details, contact:

Native American Education Unit

New York State Education Department

Albany, NY 12230

NYS Regents Award For Children Of Deceased Police Officers Or Firefighters

Awards for up to five years for full-time matriculated study are available to resident children eligible for the Regents Award for Children of resident police officers, firefighters, or volunteer firefighters of New York State or any of its municipalities who died as a result of any injury sustained in the line of duty. For application and program details, contact:

New York State Higher Education Services Corporation

Albany, NY 12225

NYS Regents Award For Children Of Deceased Or Disabled Veterans (Child Of Veteran Award)

Awards for up to five years for full-time matriculated study are available to children of resident veterans who died in the service or who have a current disability of 50 percent or more as a result of U.S. military service.

For applications and program details, contact:

NYS Higher Education Services Corporation, Albany, New York 12225

Institutional Aid

Monroe College offers a variety of institutional grants to incoming freshmen. Eligibility criteria will be determined during the admissions process. The timely completion of all financial aid applications and the submission of required documentation is required.

Legacy Award

Awarded to children of Monroe graduates by Admissions. Students must remain in good academic standing. This award began in the 04/05 academic year and cannot be awarded retroactively. The maximum award is $500 per semester.

The John Milavec Memorial Award

This is a one-time grant of up to $300 to off set the cost of books for students who have maxed out on their loans and have on other means of buying their books. Applicants must be matriculated, in good academic standing with a minimum cumulative GPA of 2.00 and must complete an application. The application must be submitted to the Director of Financial Aid Compliance on the Bronx campus or the Director of Financial Aid on the New Rochelle campus by the end of the third week of classes each semester.

Monroe College offers a variety of institutional grants to incoming freshmen. Eligibility criteria will be determined during the admissions process. The timely completion of all financial aid applications and the submission of required documentation is required. See detailed list of these grants on the Financial Aid section of the Monroe College Web site.

As of the 04/05 academic year, a grant of $500 (based on full-time attendance) awarded to children of Monroe graduates. It is the student's responsibility to inform the Freshman Student Financial Services Office of their parent's status as a Monroe Graduate. This award cannot be awarded retroactively. Students must maintain a GPA of 2.0. The award t may be pro-rated for part-time study. Students who fall below the 2.0 GPA requirement may be put on probation for the following semester.

This is a one-time continuing undergraduate student award of up to $300 to offset the cost of books for students who have secured sufficient sources of tuition funding, but do not have funds for their books. Students must complete an application and must have a minimum GPA of 2.0. Applications are due the 3rd week of each semester and may be obtained from the Student Financial Services Office.

• Up to $12,000 per award year to high school seniors with SAT scores of 1800 or better and/or top 10% of graduating class or a 90 average. This scholarship is awarded by the Freshman Financial Aid Office. Students must maintain a 3.25 GPA and full-time status. The scholarship remains in effect through BBA graduation.

• Typical awards range between $2500 to $4000 per semester.

Trustees Scholarship

• Up to $7,500 per award year to high school seniors with SAT scores of 1650 or better and/or in the top 20% of graduating class or with an 85 average. This scholarship is awarded by the Freshman Financial Aid Office. Students must maintain a 3.25 cum. GPA. The scholarship remains in effect through BBA graduation.

• Typical awards range between $1500 to $2500 per semester.

Deans Scholarship

• Up to $3,600 per award year to high school seniors with SAT scores of 1500 or better and/or top 35% of graduating class or demonstrated academic excellence (80 average). This scholarship is awarded by the Freshman Financial Aid Office. Students must maintain a 3.25 GPA. The scholarship remains in effect through BBA graduation.

• Typical awards range from $800 to $1200 per semester.

Please note: Students who are placed in non-credit English or Math classes based on the Monroe College Placement Exam may not receive the above scholarships.

C-CAP Scholarship

For 2009/10 this scholarship is up to $3,000 per semester and may be awarded to high school seniors. This scholarship is awarded by the C-CAP Executive Board to participating high school students who both academically qualify and place in culinary competitions nationwide. The Freshman Student Financial Services Office is responsible for finalizing this award for entering full-time freshmen Culinary or Baking and Pastry students. Students must maintain a 3.25 GPA.

• This scholarship ends upon completion of the 2-year Culinary or Baking and PastryProgram.

Monroe Opportunity Scholarship

• A $1500 scholarship awarded to students from the Virgin Islands, Florida, Connecticut, Puerto Rico and other out of state residents. Students receiving this award must be living in Monroe housing and must maintain a 2.0 GPA. The number of these awards is limited to the annual MOS budget per campus. As of 09/10, students committing to Monroe for the Fall semester and completing their financial aid package by March 1, may receive an increased MOS award of $2,000. Students who fall below the 2.0 GPA requirement may be put on probation for the following semester. This scholarship is awarded by the Freshmen Financial Aid Office.

Latino Scholarship

• Up to $2,000 per semester for incoming high school graduates. Students must maintain a 3.25 cumulative GPA in order to maintain this scholarship.

ASSOCIATE Degree Scholarship As Of 09/10

• This scholarship is applicable to continuing Monroe Associate degree students.

Applications are not required for these scholarships. All scholarship students are expected to complete a FAFSA application as well as the TAP grant application from New York State when applicable. International students who are not eligible for government grants are not required to file the FAFSA or TAP application.

Part-Time Status For Scholarships

• Scholarship students who go from full-time to part-time will receive a pro-rated scholarship for their part-time semester, but will not be eligible for the scholarship the semester following their part-time status. Scholarship students who are in their last semester and will be part¬time, will receive a pro-rated scholarship.

• A student may take one semester leave, having completed the proper forms, without losing hislher scholarship. Students who do not file the proper forms will have to appeal for reinstatement of their scholarship. Students who take more than one semester leave mayl lose their Freshman scholarship for the following semester.

This scholarship is applicable to continuing Monroe Associate degree students.

Scholarship is applicable to transferring students with 45 or more transferable credits.

To be eligible for the Baccalaureate Transfer Scholarships, students are expected to submit their admissions application and supporting documents and essays by the application deadline appropriate for their semester of entry to the Admissions Director of the Bachelor's Division. Contact the Bachelor's Admissions Office for the current deadlines.

This is a one-time scholarship applicable to continuing Monroe Associate degree graduates pursuing their Bachelor's degree at Monroe College. (1st semester of BBA admission only)

After earning a Transitional Scholarship, a student is eligible to earn a Monroe Bachelor's Degree Scholarship during future semesters.

This scholarship is applicable to continuing Monroe Bachelor's degree students.

The Bernhard And Myrtle Rosenthal Memorial Scholarship

The Rosenthal Memorial Scholarship will be awarded in the Fall semester to provide three to six scholarships per year. Awards may range from $500 to $1000. Candidates must be continuing students who have completed at least two semesters of full-time study with a GPA of at least 3.5. Candidates must be actively involved in the College community through clubs, events, athletics, or volunteer activities, and have demonstrated a positive attitude about the College and constructive relationships with faculty, administrators, staff and other students. An essay will be required. Applications may be obtained in the Student Services Office on the Bronx Campus and from the Office of Karen Ann Carty on the New Rochelle Campus. The deadline is August 31 of the academic year. The application and selection process will be handled by Office of Student Services on the Bronx campus and the Academic Office on the New Rochelle campus.

Katherine Wu/Melissa Chiang Scholarship

This scholarship will be awarded to two currently enrolled Bronx Campus accounting major students at Monroe College each year in the Fall semester in the amount of $416 per semester to help cover the cost of tuition, books, and supplies while attending Monroe College. Students must have 75 college credits at the time of application, must be an existing accounting major pursuing a bachelor's degree and must have a cumulative GPA above 3.5. A short essay will be required as part of the application process. Please contact the Dean of the Bachelor's Degree Program for the application. Applications must be submitted by August 31 of the academic year. Recipients will be determined by the BBA Office.

Craig Rutman Scholarship For Culinary Arts

Awarded in the Fall semester for the Study Abroad Program to culinary students who demonstrate an excellence in the culinary arts. The scholarship will be awarded each fall semester for up to $6,700. Minimally, the student must be a culinary major, have taken at least 45 credits, have a GPA in the major of 3.5, and provide two letters of recommendation, one academic and one personal. For more information, please contact Dean Carol Genese.

America's Best High School Chef (New For 09/10)

Leader of winning team: Full Scholarship for tuition and fees per semester as well as study abroad program for the leader of the winning team if he/she chooses to attend Monroe College.

Remaining two members of winning team: Up to $1500 per semester if they choose to attend Monroe College.

Members of Runner-Up Team: Up to $750 per semester if they choose to attend Monroe College.

Students who enter the college as Bachelor students will receive the Associate level scholarship until they have earned 60 credits and completed the Associate Degree requirements. At that time, they will receive the Bachelor level scholarship award if they have the required cumulative GPA.

Monroe College now offers scholarships for Division 1 Men's Basketball and Baseball and Division II Women's Basketball and Volleyball.

• All athletic scholarship students are expected to apply for financial aid and complete their FASFA and TAP on the Web applications. International students are not eligible for financial aid and, therefore, do not have to meet this requirement.

• Division II scholarships are limited to tuition and fees. Therefore, the maximum award for the 2009/10 academic year would be up to $5,872 for a full time student minus the student's financial aid. Culinary students would be eligible for up to $5,972 minus their financial aid.

• Division I scholarships are either full or partial scholarships. The Coach of each team in consultation with the Director of Athletics will determine which players receive the Full or Partial Scholarship using the student's skill level, needs of the team and financial need of the student as some of the criteria in making their decision.

• Full Athletic Scholarships may be up to $12,017 depending on dormitory status for the 2009/10 academic year minus the student's financial aid. This will cover tuition, fees, book charges, dorm charges, meal plan charges and a monthly stipend of $250. Students receiving full Athletic Scholarships are not expected to take out Federal student loans. Partial Athletic Scholarships will cover tuition, fees, book charges and a modified meal plan of $485. The maximum award may be up to $6,857; $6957 for Culinary students minus the student's financial aid.

Students receiving athletic scholarships must remain in good academic and athletic standing in order to continue receiving their scholarship.