The cost of higher education continues to rise, making it increasingly difficult for students to finance their degrees. For many, financial aid is essential to making college affordable.
Manhattan College offers a variety of financial aid programs to help students meet their educational expenses. These programs include scholarships, grants, loans, and work-study.
Scholarships
Scholarships are free money that does not have to be repaid. They are awarded based on a variety of factors, including academic achievement, financial need, and extracurricular activities.
Manhattan College offers a number of different scholarships, including:
- Presidential Scholarship: This scholarship is awarded to the top incoming freshmen each year. It covers the full cost of tuition, fees, room, and board.
- Dean’s Scholarship: This scholarship is awarded to the top 10% of incoming freshmen each year. It covers half the cost of tuition and fees.
- Alumni Scholarship: This scholarship is awarded to students who are the children or grandchildren of Manhattan College alumni. It covers 25% of the cost of tuition and fees.
- Diversity Scholarship: This scholarship is awarded to students from underrepresented backgrounds. It covers the full cost of tuition and fees.
Grants
Grants are also free money that does not have to be repaid. However, unlike scholarships, grants are awarded based on financial need.
Manhattan College offers a number of different grants, including:
- Federal Pell Grant: This grant is available to students who demonstrate exceptional financial need. The maximum amount of the Pell Grant for the 2021-2022 academic year is $6,495.
- Federal Supplemental Educational Opportunity Grant (FSEOG): This grant is available to students who demonstrate exceptional financial need. The maximum amount of the FSEOG grant for the 2021-2022 academic year is $4,000.
- New York State Tuition Assistance Program (TAP): This grant is available to New York State residents who attend college in New York. The maximum amount of the TAP grant for the 2021-2022 academic year is $5,165.
Loans
Loans are money that you borrow to pay for college. Unlike scholarships and grants, loans must be repaid with interest.
Manhattan College offers a number of different loans, including:
- Federal Direct Subsidized Loan: This loan is available to students who demonstrate financial need. The government pays the interest on the loan while the student is in school.
- Federal Direct Unsubsidized Loan: This loan is available to all students, regardless of financial need. The student is responsible for paying the interest on the loan.
- Federal Direct PLUS Loan: This loan is available to parents of undergraduate students. The parent is responsible for paying the interest on the loan.
Work-Study
Work-study is a program that allows students to earn money to help pay for college. Students who participate in work-study work part-time on campus.
Manhattan College offers a number of different work-study jobs, including:
- Tutor: Students can tutor other students in a variety of subjects.
- Research assistant: Students can assist faculty members with research projects.
- Library assistant: Students can help out in the library.
- Campus tour guide: Students can give tours of the campus to prospective students.
How to Apply for Financial Aid
To apply for financial aid, you must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is available online at www.fafsa.gov.
The FAFSA deadline for the 2021-2022 academic year is June 30, 2022. However, it is important to apply for financial aid as early as possible, as funds are limited.
Tips for Getting Financial Aid
Here are a few tips for getting financial aid:
- Apply for financial aid as early as possible. The earlier you apply, the more likely you are to receive financial aid.
- Complete the FAFSA accurately and completely. Any errors on your FAFSA could delay your financial aid award.
- Submit all required documentation. The financial aid office will need to see documentation of your income, assets, and other financial information.
- Contact the financial aid office if you have any questions. The financial aid office is there to help you understand your financial aid options and complete the application process.
Conclusion
Financial aid can make a big difference in your ability to afford college. If you are a student who needs financial assistance, be sure to apply for financial aid today.
