Bronx

Monroe College's Bronx campus is an ideal urban campus located in the bustling Fordham section.

New Rochelle

Located in downtown New Rochelle, the Monroe College New Rochelle campus is nestled in a diverse, thriving suburban community in Westchester County.

St. Lucia

The scenic Monroe College St. Lucia campus in Barnard Hill Castries on the Caribbean island of St. Lucia combines the best of many worlds.

Queens

Monroe's Queens Extension Site is located in the heart of downtown Flushing, a vibrant and ethnically mixed district of Queens.

  • Applying for Financial Aid

    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.

    Monroe College Financial Aid Codes
    Federal School Code
    004799
    TAP Associate Code
    7518
    TAP Bachelor's Code
    6018
    TAP Nursing Code
    7718

  • Document Checklist

    Document Checklist for new students

    The 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:

    • Monroe College Application Form
    • Social Security Card
    • Permanent Resident Card
    • Naturalization Certificate(if applicable)
    • Marriage Certificate(if applicable)
    • High School Transcript

    Forms Filed at another institution

    • Duplicate Student Aid Report (SAR) Request Form
    • TAP Change Form
    •  
    Transfer Documentation:

    • Previous College Official Transcripts
    • Transfer Student Understanding
    •  
    Proof of Income Documents: (One or more may be required) for all students

    • SIGNED Federal and State Returns for previous year and W-2
    • W-2 Statement & SIGNED Affidavit of Income (If tax forms were not filed)
    • Final Pay Stubs & SIGNED Affidavit of Income (If tax forms were not filed)
    • Proof of Unemployment Insurance (Form 1099-G)
    • Previous Year P.A. (Public Assistance) Budget Printout
    • SIGNED Affirmation of Non-Taxable Income
    • SSA or SSI Award Letters for previous and current years
    • Statement of Financial Support

    FAFSA and TAP Guide

    Information regarding FAFSA and TAP.

    Veteran Benefits

    Visit the Veteran's Benefits page for a complete list of benefits available to Veteran's.

     

    Apply for a Federal Student Aid ID (FSA ID)

    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. 

    • Create an FSA ID now
    • View instructions on How to create an FSA ID

    Refund Policy -Cancellation Prior To Beginning of Classes

    There will be no financial liability for students who withdraw prior to the beginning of classes with the exception:

    1) Non-refundable Admissions Fee (charged to all first-time freshmen and re-admit students)
    2) Any bookstore liability incurred.

    Withdrawal From College After Beginning Of Classes

    Official 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:

    1. In person
    2. By telephone
    3. By letter
    4. By email
    5. By fax

    The 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.

    The 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.

    Financial Responsibilities For Both Official And Unofficial Withdrawals

    If a 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 college.)

    Withdrawal DateAmount of Tuition Liability
    During the 1st week 10%
    During the 2nd week 30%
    During the 3rd week 50%
    During the 4th week 60%
    During the 5th week 70%
    During the 6th week 75%
    During the 7th week 75%
    During the 8th week 80%
    During the 9th week and after 100%

    Students 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.

    Housing And Meal Plan Refund Policy

    Refunds 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.

    If a student withdraws from the college or decides to move out of the dorm during the semester, the student’s liability is as follows:

     

    Student’s Liability For Cost Of Dorm 
    During the 1st week 15%
    During the 2nd week 15%
    During the 3rd week 50%
    During the 4th week 50%
    During the 5th week or after 100%

    Meal Plan

    If a 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.

    Withdrawal Impact on Financial Aid-Federal Title IV

    The 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)

    The 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."

    For 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.

    The 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:

     
    First Direct Unsubsidized Loan
    Second Direct Subsidized Loan
    Third Direct Parent Loans
    Fourth Pell Grant
    Fifth Supplemental Education Opportunity Grant (SEOG)
    Sixth Other Title IV Programs


    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 Tuition Assistance Program (TAP)

    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. 

    Monroe Grants and Scholarships

    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.

    Balance Due and Over 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.

    Books, Equipment, and Supplies

    Students are fully responsible for the purchase of their books, equipment and supplies and these are non-refundable items.

    Withdrawal From An Individual Class(es)

    This policy applies to students who withdraw from an individual class(es) but remain matriculated at the college.

    Students who change their enrollment status (i.e., drop one or more classes) after the 10th day of the semester, but remain enrolled at the college, are liable for full tuition charges.