your student aid agency new york state higher education services corporation
TRANSCRIPT
Your Student Aid Agency
New York State Higher Education Services
Corporation
HESC
High School Counselors’ student financial aid resource
Help students prepare and pay for college
Types of Financial Aid?
Grants-free money
Scholarships-free money
Employment opportunities
Loans
Sources of Financial Aid
New York State Federal government Colleges Private sources
Grants
Usually based on need; sometimes on other factors
Do not have to be repaid Examples:
Federal Pell Grant New York State Tuition Assistance
Program (TAP)
Scholarships
Based on academic ability, talent or special circumstances
Do not have to be repaid May have a service component
New York State Tuition Assistance (TAP)
Undergraduates Full-time and part-time study Tuition at eligible colleges in NYS Up to $5,000 per year
Type of academic institution and tuition NYS net taxable income Up to $80,000 combined family income for
dependent undergraduate student, married students, or student with tax dependents
Up to $40,000 for married students with no tax dependents
Up to $10,000 for single independent students with no dependents
TAP Awards
Other New York State Programs
Aid for Part-time Study (APTS) Veterans Tuition Award NYS Scholarships for Academic Excellence NYS Math & Science Teaching Incentive
Program World Trade Center Memorial Scholarship Military Service Recognition Scholarship
Loans
Federal Loans Direct Subsidized Loan Direct Unsubsidized Loan Direct PLUS Loan Perkins
New York State Loan NYHELPs
Federal Aid Eligibility
To receive, a student must: Have a high school diploma or equivalent,
such as a GED Be enrolled or accepted for enrollment as a
matriculated student working toward a degree or certificate in an eligible program
Be a U.S. citizen or eligible non-citizen
Federal Aid Eligibility
Have a valid Social Security Number Make academic progress Register with Selective Service, if applicable Sign a statement of educational purpose
and a certification statement on overpayment and default, both found on the FAFSA
New York State Aid Eligibility
To receive, a student must: Be a New York State resident Attend and be matriculated at an eligible
school in New York State Meet other eligibility criteria for specific
programs
Definition of Need
Cost of Attendance (COA)
– Expected Family Contribution (EFC)
= Financial Need
Cost of Attendance
Expenses related to a disability
Dependent or elder care expenses
Expenses for study abroad, cooperative education programs
Tuition & fees Books & supplies Room & board Transportation Misc. personal
expenses Loan fees
FAFSA.gov
FAFSA Preparation
FAFSA4caster.ed.gov
Use to pre-fill the FAFSA
Pre-application worksheet & built-in edits to help prevent costly errors
Paper FAFSA available at www.FSAPubs.gov
Apply for TAP
TAP Deadline
June 30 – same as FAFSA deadline
Tips
Complete the FAFSA every year Complete the FAFSA early – available
January 1st Meet all deadlines Keep copies of all forms Contact the college financial aid
administrator if your financial situation changes
NYHELPs:
Apply for and receive all grants, scholarships and federal loans available
Compared to other loans with variable rates NYHELPs saves money over the life of the loan
Students who are NYS residents attending participating NYS schools
To apply: Visit HESC.org/NYHELPs
High School Counselors
HESC is your information source
for college and career planning
and student financial aid
information.
HESC.org
HS Counselor Newsletter
Link to HESC
Link HESC to your school’s website
Web “Jump Page”
Available to link to HESC.org
HESC Additional Resources
HESC E-Library
Use HESC articles in your student and parent newsletters
Ordering HESC Publications
HESC Publications
New High School Publication
HESC HS Calendar
Financial Aid Calculators
HESC Financial Literacy
Student Financial Aid Month
Student Financial Aid Month
Financial Aid Basics seminars Complete the FAFSA Workshops at schools
and local community centers FAFSA Hotline Regional information available at
StartHereGetThere.org
Student Financial Aid Month
StartHereGetThere.org
Get the FACTS
Financial Awareness and Consumer Training for Students
Financial literacy curriculum for your students
HESC professional staff will train your staff to present
HESC staff will present to your students at your location
FACTS Training Outline
Importance of Completing High School and College
Identify Needs vs. Wants Develop a Spending Plan Use of Debit vs. Credit Cards Prevent Identity Theft
FACTS: Money Wise 411
Helps students develop skills to avoid credit card debt
FACTS Presentations
Contact: Pamela Jerome (518) 402-3521
Helpful Web Sites
HESC.org FinAid.org StudentAid.ed.gov FAFSA.gov CollegeBoard.com
