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Financial Aid
Home / Financial Aid / Financial Aid FAQ

Financial Aid FAQ

 

A Student Financial Services counselor will be glad to help you with any questions or concerns about paying for Monroe College. Some of the most frequently asked questions are below:

What Financial Aid is available at Monroe College?
Am I eligible for Financial Aid?"
Do I have to apply for Financial Aid every year?
When should I file my applications?
Why should I file a FAFSA?
Do I have to do anything special to receive my TAP?
How do I determine if I am independent for Federal Aid?
How do I determine if I am independent for NY State Aid?
What should I do if I have unusual circumstances concerning my income or dependency status?
What if I need to make corrections to the information provided on my original FAFSA or my family's financial circumstances have changed since I filed my FAFSA?
What Financial Aid is available at Monroe College?

A. Financial Aid at Monroe College can include Federal Grants and Loans,  NY State Grants and, grants and  merit-based aid from Monroe College.

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Am I eligible for Financial Aid?"

A. Citizens and permanent residents are eligible for financial aid. The amount of aid depends on a family's income, size and government formulas.Go to student eligibility for federal or NY State aid.

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Do I have to apply for Financial Aid every year?

A. Yes. You must begin the application process each year, usually January. Go to How to Apply. Emails are sent to students to alert them to start the application process.

 

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When should I file my applications?

A. New Students: Deadlines vary depending on the semester a student enters. All applications must be completed on the web.

 

 Continuing Students: The FAFSA on the Web process begins each January(www.fafsa.ed.gov).  

 

Students should complete the  FAFSA during the months of January and February.

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Why should I file a FAFSA?

A. The results of the FAFSA are used to determine eligibility for all forms (grants, work-study and loans) of federal and state financial aid.Go to How to Apply.

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Do I have to do anything special to receive my TAP?

A. The FAFSA ON THE WEB initiates the process. Students complete TAP ON THE WEB as a part of the FAFSA process. Go to How to Apply.

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How do I determine if I am independent for Federal Aid?

You are considered independent for federal aid if you

  • Were born before 1/1/88
  • Are working on a Masters or Doctorate program
  • Are married
  • Support a child/children (You must be providing more than half of the child's support between July 1, 2011 and June 30, 2012)
  • Have dependents other than children or a spouse that you support( The dependent must be living with you and you must be providing more than half of his/her support between July 1, 2011 and June 30, 2012)
  • Are an orphan or ward of the court
  • Are a veteran of the U.S. Armed Forces
  • Are on active Military Duty
  • Have been in a legal guardianship or foster care situation since the age of 13 
  • Have been designated as an emancipated minor by a court in your state of legal residence
  • Have been designated as being in a homeless situation
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How do I determine if I am independent for NY State Aid?

You are considered independent for NY State aid if you;

Please complete

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What should I do if I have unusual circumstances concerning my income or dependency status?

Please contact the Student Financial Services Office to arrange to speak with a counselor.

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What if I need to make corrections to the information provided on my original FAFSA or my family's financial circumstances have changed since I filed my FAFSA?

Please contact the Student Financial Services Office and we will work with you to correct the information.

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