Monroe College's Bronx campus is an ideal urban campus located in the bustling Fordham section.
Located in downtown New Rochelle, the Monroe College New Rochelle campus is nestled in a diverse, thriving suburban community in Westchester County.
The scenic Monroe College St. Lucia campus in Barnard Hill Castries on the Caribbean island of St. Lucia combines the best of many worlds.
Monroe's Queens Extension Site is located in the heart of downtown Flushing, a vibrant and ethnically mixed district of Queens.
Welcome to the Monroe College financial aid section. We understand the concern that many students and their families have about financing a college education. To
begin the financial aid process, students need to complete the Free Application for Federal Student Aid (FAFSA). Please use our FAFSA and TAP Guide (link below) for help in completing your application and also answering some of the most frequently asked questions.
Document Checklist for new studentsThe following are forms that you may be required to bring to the Financial Aid Office in order to receive a financial aid estimate. Please speak with a Financial Aid counselor to determine which forms apply to your situation.New Applications:
Forms Filed at another institution
Information regarding FAFSA and TAP.
Visit the Veteran's Benefits page for a complete list of benefits available to Veteran's.
An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites. This ID will also serve as your legal signature for the FAFSA, www.fafsa.gov and federal student loans, www.StudentLoans.gov. IMPORTANT: Dependent students also need to have one of their parents apply for a FSA ID.
will be no financial liability for students who withdraw prior to the beginning
of classes with the exception:
Admissions Fee (charged to all first-time freshmen and re-admit students)
2) Any bookstore liability incurred.
Withdrawal: The student’s withdrawal date is based on the date that the college
is provided with “official” notice of withdrawal. Official notice occurs when
the Student Services Office, Bachelor’s Office, Distance Learning Office,
School of General Studies Office, or any other school official is notified of
intent to withdraw. Notification can be:
2. By telephone
3. By letter
4. By email
5. By fax
actual date of withdrawal for Return To Title IV (R2T4) purposes will be based
on the best available academic information. See section on Retention of
Financial Aid as a Result of Withdrawal.
college strongly recommends an in-person visit so that withdrawal can be
expedited. One-on-one counseling is provided which results in students being
well informed regarding all the ramifications of their specific withdrawal
which may include a delay in graduation, potential financial liability and/or
potential loss of future financial aid due to academic pursuit requirements.
Unofficial Withdrawal: An unofficial
withdrawal takes place when a student does not provide the college with
official notification. In such cases, the date of withdrawal will be based on
the best available academic record. Withdrawal dates for students who did not
notify the college due to circumstances beyond their control will be given
special consideration for an earlier withdrawal date based on appropriate third
party documentation of their circumstances.
student withdraws or is dismissed after classes begin, he/she will be
responsible for the administrative fee, actual bookstore charges, and a
percentage of tuition as shown on the following chart: (See additional charts
for Housing and Meal Plan cost adjustments as a result of withdrawing from the
who do not officially withdraw from the college by the twelfth week of the
semester will receive grades submitted by the faculty.
Students who withdraw
or are administratively withdrawn from the college must satisfy all financial
obligations with the Bursar.
will be processed only after the withdrawal and move-out procedures have been
completed. Students who are administratively terminated from housing for
violating College and Residence Life policies are ineligible for a refund.
student withdraws from the college or decides to move out of the dorm during
the semester, the student’s liability is as follows:
student withdraws from the college, the refund will be based on the dormitory
refund policy. If an enrolled student cancels the meal plan during the
semester, the refund will be based on the tuition refund policy for withdrawing
students. However, the student will be liable for the higher of the actual
amount used or the refund policy amount
Unused funds related
to the meal plan during the semester are not refundable if the student has not
withdrawn from the college.
Federal Department of Education regulates the treatment of all federal grants
and loans. For those students who withdraw during a semester, the college is
required to exercise the “Return to Title IV calculation (R2T4)
R2T4 is based on the number of days in the semester divided into the number of
days attended based on the date of withdrawal. A
student’s date of withdrawal is the last date of attendance or submission of
academic work provides the percentage of
Title IV aid a student has "earned."
example, if the semester is 100 days, and a student’s withdrawal date falls on
the 43rd day of the semester, the formula used would be 43 / 100 or 43 percent.
This percentage would then be applied to the Title IV aid disbursed, or
potentially disbursed, in order to determine how much and which proceeds need
to be returned. Any “earned” percentage greater than 60 will yield the student
100% retention of all eligible Title IV aid.
order in which funds are returned is also determined by the Federal Department
of Education. The Attribution Table requires funds to be returned as follows:
NOTE: Federal Work-Study (FWS) must be earned and is
not included in the R2T4 calculation. Funds earned prior to withdrawal may be
kept by the student or retained, with student authorization, by the school for
a balance owed. Students may not continue working in the FWS program after
their withdrawal date.
New York State requires the college to report tuition liability to the NYS Higher Education Services Corporation. As TAP is driven by the cost of tuition, the TAP reduction is relative to withdrawal date and liability incurred.
Withdrawn students will have their awards prorated based on their percentage of tuition liability. Students whose withdrawal date takes place during or after the ninth week of the semester will retain 100% of their awards.
Students are responsible for open balances resulting from withdrawal and the above financial aid retention policies. Students are also responsible for any aid proceeds received, in the form of a refund, for which they are no longer eligible. Monroe College encourages all students, who need to withdraw, to take advantage of one-on-one counseling available only during an official on-site withdrawal.
Students are fully responsible for the purchase of their books, equipment and supplies and these are non-refundable items.
policy applies to students who withdraw from an individual class(es) but remain
matriculated at the college.