Financial Aid News
You are strongly encouraged to submit all requested documentation by the financial aid deadline in order to receive a timely award with all possible funding. Delays in submitting your verification documentation will cause delays in the processing of your financial aid.
Failure to submit all requested documentation will result in the forfeiture of your financial aid eligibility. If you are relying on financial aid to pay your tuition and fees, you must complete the verification process prior to enrollment.
Student Financial Services requires that verification be completed before disbursing aid for the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal Work-Study, and Federal Direct Subsidized and Unsubsidized Loans.
We will continue to process verification documentation in the order it is received. However, the verification review process can take up to 2 weeks to complete. Delays in filing the FAFSA and submitting verification documentation will delay the processing of your financial aid. You may need to make arrangements to pay out of pocket until your financial aid is processed.
How to Avoid Verification Processing Delays
- 1. You can check your CUNYfirst Student Center “To-Do-List” to see what steps or documents you need to submit to Student Financial Services.
- 2. ALL documents must be submitted at one time. Again, the verification process can take up to two weeks to complete.
- 3. Be sure all documents are filled out completely.
- 4. Remember to make photocopies for your records.
The Excelsior Scholarship, in combination with other student financial aid programs, allows students to attend a SUNY or CUNY college tuition‐free.
An applicant must:
- Be a resident of NYS and have resided in NYS for 12 continuous months prior to the beginning of the term;
- Be a U.S. citizen or eligible non‐citizen;
- Have either graduated from high school in the United States, earned a high school equivalency diploma, or passed a federally approved “Ability to Benefit” test, as defined by the Commissioner of the State Education Department;
- Have a combined federal adjusted gross income of $100,000 or less;
- Be pursuing an undergraduate degree at a SUNY or CUNY college, including community colleges and the statutory colleges at Cornell University and Alfred University;
- Be enrolled in at least 12 credits per term and complete at least 30 credits each year (successively), applicable toward his or her degree program;
- If attended college prior to the 2017‐18 academic year, have earned at least 30 credits each year (successively), applicable toward his or her degree program prior to applying for an Excelsior Scholarship;
- Be in a non‐default status on a student loan made under any NYS or federal education loan program or on the repayment of any NYS award;
- Be in compliance with the terms of the service condition(s) imposed by a NYS award that you have previously received; and
- Execute a Contract agreeing to reside in NYS for the length of time the award was received, and, if Employed during such time, be employed in NYS.
CATCHING UP ON CREDITS
A student who is not on track to complete an Associate’s degree in two consecutive years or Bachelor’s degree in four consecutive years (which requires completion of the equivalent of 30 credits each academic year) can catch up on missing credits to become eligible for an Excelsior Scholarship. If you successfully earn additional credits during a term or academic year and get back on track to completing your degree on time, you will be eligible to receive an Excelsior Scholarship for the remainder of your undergraduate degree program.
If you are in an opportunity program, the program allows five years (which requires completion of the equivalent of 24 credits each academic year) to complete your degree on time.
FIVE-YEAR UNDERGRADUATE PROGRAMS
If you are in an undergraduate program of study normally requiring five-years, the program allows five years (which requires completion of the equivalent of 30 credits each academic year) to complete your degree on time.
STUDENTS WITH DISABILITIES UNDER THE AMERICANS WITH DISABILITIES ACT OF 1990
To be eligible for an Excelsior Scholarship, students with qualified disabilities under the Americans with Disabilities Act who attend less than full time must register with their college office for students with disabilities.
If you are a student with a disability under the Americans with Disabilities Act, the program requires that you complete the credits attempted each semester to fulfill the requirement for on-time degree completion. If you have not earned credits for all courses attempted, you can catch up on missing credits if you successfully earn additional credits during a Summer or Winter session(s) and get back on track for credits that were not previously completed.
Students with disabilities determined to be ineligible who can demonstrate good cause for completing fewer credits than attempted and/or a break in attendance may appeal the decision by completing and submitting the Excelsior Scholarship Program Appeal Form to Excelsior.Appeals@hesc.ny.gov.
Students determined to be ineligible who can demonstrate good cause for completing fewer credits than required and/or a break in attendance may appeal the decision by completing and submitting the Excelsior Scholarship Program Appeal Form to Excelsior.Appeals@hesc.ny.gov.
A recipient of an Excelsior Scholarship may receive up to $5,500.
To determine the award amount, the resident tuition rate charged by SUNY (currently $6,470) or CUNY (currently $6,330) will be reduced by the amount of certain other student financial aid awards which an applicant has or will receive for the academic year, including a NYS Tuition Assistance Program (TAP) award and/or federal Pell grant. The Excelsior Scholarship will cover any remaining tuition liability up to $5,500; and a tuition credit will cover any remaining tuition expenses not covered by the Excelsior Scholarship.
*Note: Any award payment received may have tax implications. Any questions regarding this should be directed to a tax professional, the Internal Revenue Service, or the NYS Department of Taxation and Finance.
A recipient of an Excelsior Scholarship is eligible to receive award payments for not more than two years of full-time undergraduate study in a program leading to an associate's degree or four years of full-time undergraduate study, or five years if the program of study normally requires five years, in a program leading to a bachelor's degree.
To receive payments each subsequent year (after the initial application year), Excelsior Scholarship recipient must annually complete the Free Application for Federal Student Aid (FAFSA) and the TAP-on-The-Web Application each year.
HOW TO APPLY
The deadline for the Excelsior Scholarship application for the spring 2018 semester has passed. Submit your email at https://www.hesc.ny.gov/pay-for-college/financial-aid/types-of-financial-aid/nys-grants-scholarships-awards/the-excelsior-scholarship.html if you would like to be notified when the application becomes available.
FREQUENTLY ASKED QUESTIONS
Please contact the Scholarship Unit at email@example.com or 888‐697‐4372.
Check Your Financial Aid Status on CUNYfirst
1. Log in to your CUNYfirst account here.
2. Click to expand the Self Service options and select Student Center.
3. Under the Finances section, click Account Inquiry.
On the Account Inquiry screen, look for your Pending Financial Aid. Here you can view your account activity, current balance after Financial Aid, a detailed list of charges, payments and refund amount.
NYS TAP Eligibility *Attention all students with Foreign High School credentials*You must complete the Ability to Benefit Test for NYS aid eligibility. Visit the Testing Office in the C-Building, Room C-460 for the ATB test availability dates
Check the Academic Calendar for Important dates and deadlines MARCH 7, 2018 is the Financial Aid Certification date for Spring 2018
(Classes added after March 7 will not be covered by your Financial Aid Grants)
Book Advance Program Spring 2018
All Pell eligible students who submitted their financial aid documentation by February 15, 2018 may be eligible for a Book Advance check if there is a balance on record after the deduction of tuition and fees. This will allow you to purchase books at any bookstore you choose.
A check will be generated and mailed to you or directly deposited into your account. The disbursement schedule is as follows:
February 23, 2018 for eligible students with records processed by February 2, 2018
March 2, 2018 for eligible students with records processed by February 8, 2018
March 9, 2018 for eligible students with records processed by February 15, 2018
Book Advance check is an advance against your processed Pell award. A deduction will be made against your Spring 2018 Pell check.
All eligible students must have:
- Completed their 2017-2018 Financial Aid application
- Submitted their financial aid documentation by February 15, 2018
- Must be registered for Spring 2018
- A Pell balance on record
Satisfactory Academic Progress (SAP)Requirements for Financial Aid
Students must be making satisfactory academic progress towards completing an associate degree in order to remain eligible for federal financial aid (PELL, FSEOG, Federal Work-Study, Federal Perkins Loans and Federal Direct Loan). Students must meet all the following satisfactory academic progress requirements:
Minimum GPA Chart
Pace of Progress
A student must successfully earn a minimum number of credits based upon the number of attempted credits.
Pace of Progress Chart
Maximum Time Frame
A student may attempt no more than 150% of the credits for completion of a degree. Students are required to earn a minimum of 60 credits to receive a degree at LAGCC.
Example:150% of 60 credits is 90. A student may attempt no more than 90 credits to earn 60. If a student has attempted 91 credits and only have earned 50 credits they are no longer eligible for federal aid.
Tips to have a successful semester at LaGuardia:
Keep in mind, you are NOT on your own! We're all here to cheer you on!
- Use the resources! If you aren't sure about your classes, talk to your Academic Advisor.
- Plan each term, and plan each week. (See the Academic Calendar).
- Are you on track academically? Talk to the Advising Team in B-102.
- Talk to your professors—get to know them EARLY, and seek them out OFTEN!
- Get enough sleep. The more refreshed your body is, the more likely you are to pay attention and take effective notes in class. If you are experiencing any issues or want to speak with someone, we encourage you to visit The Wellness Center in C-249.
Enhance Your Financial Literacy
Are you graduating in the Spring 2018 semester with student loan debt? You are required to complete exit counseling for your student loans. Visit studentloans.gov to complete student loan exit counseling electronically. For more information contact firstname.lastname@example.org.
Student Financial Services will host a 2017-2018 workshop on the following dates at 3:30 in C-103.
Financial Literacy workshops are a good start to learn now or pay later!
Federal Work Study
Are you interested in becoming a Federal Work Study student?
For more information on the Federal Work-Study Program visit office C-113 or visit our webpage at http://www.laguardia.edu/Financial-Aid/Federal-Work-Study
Resourceful Web Pages:
- To Apply for Financial Aid
- To Check your academic eligibility to receive Financial Aid
- LaGuardia Academic Calendar
- The Wellness Center/Counseling
Get $$$ to Pay for College
Complete your 2018-2019 Free Application for Federal Student Aid (FAFSA)
GOOD LUCK IN YOUR STUDIES!