Costs and Financial Aid 2018-19 - The State University of New York www.suny.edu/smarttrack 1.800.342.3811
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
I am paying less.
I am debt-free. I am a smart investor.
Costs and Financial Aid 2018-19
I am informed.
I am borrowing wisely. I am ready for my future.
The State University of New York
www.suny.edu/smarttrack • 1.800.342.3811
The Value of SUNY
SUNY has the resources worthy of a state as varied and innovative
as New York, all within a fair, responsible rate of tuition. Our 64 unique
campuses are regularly recognized for their academic programs and
quality of education. SUNY campuses have been named outstanding
in a variety of categories including America’s Best Colleges and
Most Selective Public Universities in the Nation.
When you compare SUNY’s tuition and fees to national averages,
the value of a SUNY education is clear. It’s just one more reason why
SUNY is a smart investment and a sound economical decision.
Which SUNY Are You?
Compare Compare
Graduation Rates1 Tuition and Fees2
Bachelor’s degree programs Bachelor’s degree programs for
at public institutions in-state residents at public institutions
Compare Options for New York Residents
69%
SUNY Average
$8,700
SUNY Average
Average tuition and fees2
SUNY
Community
College
$5,240
SUNY
Four-Year
Out-of-State
Public College
Private
College
59%
National Average
$9,970
National Average
3
(unweighted) College $8,700 $25,6203 $34,7403
$$$$$$$$$$$$$
$5k $35k
Sources:
1
2
3
SUNY Office of Institutional Research, 2010 Cohort
2017-18, Enrollment-Weighted
The College Board, Trends in College Pricing 2017
2
Cost of Attendance
The information provided below represents the 2018-19 average costs of attendance for undergraduates.
Actual costs vary depending on the college, its location, full-time or part-time enrollment, program of study, Calculate a personalized estimate
delivery method of program, housing accommodations, personal expenses and other individual factors. of your net cost of attendance at
You can use these numbers as a guide to estimate costs for 2019-20. www.suny.edu/howmuch.
Your campus may offer options to make payments over time.
SUNY Four-Year College SUNY Community College
These costs are paid directly to the college:
Cost Per Academic Year Cost Per Academic Year
Tuition New York Residents* $6,870 Tuition New York Residents $4,680
Tuition Non-New York Residents** $16,650 Tuition Non-New York Residents** $9,600
Student Fees $1,610 Student Fees $720
Room and Board (living on campus) $13,310 Room and Board (living on campus) $10,430
Total Total
New York Residents $21,790 New York Residents $15,830
Non-New York Residents $31,570 Non-New York Residents $20,750
These costs are not paid directly to the college and will vary based on individual choices:
Cost Per Academic Year Cost Per Academic Year
Books and Supplies $1,350 Books and Supplies $1,350
Personal Expenses $1,640 Personal Expenses $1,160
Transportation (Non-New York residents add $100) $1,110 Transportation (Non-New York residents add $100) $1,280
Total $4,100 Total $3,790
**
uition rate for Excelsior Scholarship recipients pursuing a bachelor’s degree is $6,470. After crediting the Excelsior Scholarship and certain other student financial aid awards, the net charge for tuition for these
T
students is $0.
**
Tuition rate for non-New York residents enrolled in a distance-learning program is $8,240 at most campuses. Tuition rate for non-New York residents enrolled at University at Buffalo and Stony Brook University is
$24,540. Tuition rate for non-New York residents enrolled at University at Albany and Binghamton University is $23,710. Technology Colleges may charge a reduced non-New York resident tuition rate for associ-
ate degree programs.
$286
per credit
Who is eligible for the New York resident rates? Review residency
requirements here: www.suny.edu/smarttrack/residency
Cost of part-time study for New York residents
attending a SUNY four-year college
3
Types of Aid
These types of financial aid do not require repayment.
Program Amount Considerations
Your cost of attendance Campus Merit Scholarships Varies by campus Student must meet eligibility criteria. Find details
may be offset by tax credits. here: www.suny.edu/scholarships
Private Merit Scholarships Varies Thousands of scholarships are offered by
all kinds of organizations. Learn more at sites
like studentaid.gov/scholarships, fastweb.com
Up to Federal Pell Grant Up to $6,095
and bigfuture.org.
Student must demonstrate financial need.
$2,500 Federal Supplemental Educational
Opportunity Grant (FSEOG)
Up to $4,000 Student must be Pell Grant eligible.
per student per year Federal Iraq and Afghanistan Up to $5,717 For student whose parent or guardian died as a
Service Grant result of military service in Iraq or Afghanistan after
The American Opportunity Credit
9/11/01. Student must be Pell Grant ineligible.
Federal Teacher Education Up to $3,752 For student who intends to teach in a high-need field
Assistance for College in a school that serves students from low income
Up to
and Higher Education families. The program requires a four-year service
(TEACH) Grant obligation and will convert into a loan if the service
obligation is not met. Learn more at: studentaid.gov
$2,000 Federal Work Study Varies The work study amount depends on your level of
financial need, other aid received, the availability of
jobs, and your schedule.
per year
The Lifetime Learning Credit Federal Veterans Benefits Resident tuition and fees, For student who is an eligible veteran. Learn
monthly housing allowance, more at: www.benefits.va.gov/gibill
books and supplies stipend
New York Tuition Assistance Up to $5,165 Available to New York State resident attending a
Program (TAP) school in New York State. Amounts are based on
net taxable income and other factors.
The Excelsior Scholarship Varies Scholarships are awarded based on various
and other New York State factors. Some may require certain conditions
Scholarships be met or have a service component. Learn
more at www.hesc.ny.gov.
SUNY Tuition Credit Varies Student must be TAP eligible. Award is based on
tuition and amount of TAP received.
State University Up to $500 per semester Student must be TAP eligible. Award is based
Student Assistance (SUSTA) on amount of unmet financial need.
4
Types of Aid
These types of financial aid require repayment.
Program Amount Terms for Loans Dispursed July ’18 - June ’19 Considerations
Federal Direct Annual limits: Interest rate is 5.05%. Government pays interest Student must demonstrate
Subsidized Loan Freshmen: $3,500 while student is in school. Repayment begins financial need. A loan fee
Sophomores: $4,500 6 months after student graduates, withdraws will be charged. The rate
Juniors and Seniors: $5,500 or drops below half-time enrollment. for loans disbursed
between October ‘18 and
September ‘19 is 1.062%.
Federal Direct Annual limits (inclusive of Interest rate is 5.05%. Interest accrues while A loan fee will be charged.
Unsubsidized Loan subsidized loans): the student is in school. Repayment begins The rate for loans disbursed
Freshmen: $5,500 6 months after student graduates, withdraws between October ‘18 and
Sophomores: $6,500 or drops below half-time enrollment. September ‘19 is 1.062%.
Juniors and Seniors: $7,500
Independent students and dependent
students whose parents cannot
borrow under PLUS may be eligible
for additional unsubsidized loans.
Federal Direct Up to cost of attendance Interest rate is 7.6%. Interest accrues while Parent must meet credit
PLUS Loan the student is in school. Repayment begins standards. A loan fee
60 days after the loan is disbursed. will be charged. The
rate for loans disbursed
between October ‘18 and
September ‘19 is 4.248%.
Alternative Loan Varies Less favorable than government loans. Student must meet credit
standards. Should only be
considered after all other
financial aid is exhausted.
75% $0 What is EFC?
The information you report on your financial aid
of all full-time Tuition paid by Excelsior Scholarship
application will determine your family’s expected
SUNY undergraduates recipients. To be eligible, students
family contribution (EFC). The college uses this
receive some form of must be New York State residents
number to determine your financial need.
financial aid and meet income requirements. Learn
more at www.hesc.ny.gov/excelsior Cost of Attendance – EFC = Financial Need
5
A Smart Investment
Education loans are an investment that will increase in value
over time. You are investing in your earning potential. As shown
on the chart1 below, as you get more education, you will make
more money and have more job opportunities. $1,836
$1,743 Borrow Wisely
Only borrow what you can afford to repay.
$1,401
$1.173 Sample Repayment Terms for Average
$836
SUNY Student Borrower4
$774 Loan Amount $26,610
$712
Mean Interest Rate* 5.05%
Weekly Term 10 Years
Earnings
2017 Monthly Payment $283
High Some
Education Associate Bachelor’s Master’s Doctoral Professional
School College,
Level Degree Degree Degree Degree Degree
Graduate No Degree
Sample Repayment Terms for Parent
2.2%
1.5% 1.5% Loan Borrower4
2.5%
Unemployment 3.4% Interest Rate* 7.6%
Rate 2017 4.0% Term 10 Years
4.6%
Monthly Payment $119 per $10,000
(approximated)
The average debt for SUNY students graduating with a bachelor’s degree in 2016 was $26,610.
To repay this loan and meet living expenses, you would need an annual income of about $34,310 2 * Based on static interest rates. Rates may vary for
(approximately $660 weekly). A College Board study reported that by age 34 the typical college each loan disbursement.
graduate who enrolled at age 18 has earned enough to compensate for being out of the labor force
for four years and for paying the full tuition and fees and books and supplies.3
ents Did you know?
High School Stud
You can find annual average salaries and expected
Sources:
TM
demand for jobs on SUNY Smart Track’s Financial 1
Bureau of Labor Statistics, Earnings and Unemployment Rate
Literacy Tools. by Educational Attainment, March 2018
2
FinAid Page, LLC, Loan Calculator
Create an account at
cy Tools
3
The College Board, Education Pays 2016
Financial Litera
www.suny.edu/smarttrack/literacy 4
Inceptia Financial Avenue, Debt Calculator
and explore your earning potential.
6
How to Apply for Financial Aid
All State University campuses use the Free Application for Federal Student
Aid (FAFSA) to determine eligibility for all financial aid. Follow these seven
steps to apply.
1. Request FSA IDs for you and your parent at fafsa.gov.
2. Collect information such as:
> your social security number
> your parents’ social security numbers and dates of birth
> your parents’ marital status
> tax returns for you and your parents
> W2s for you and your parents
> bank, stock, real estate, and business records for you and your parents
> untaxed income records
> your driver’s license number
> your alien registration number (for non-U.S. citizens)
3. File the Free Application for Federal Student Aid (FAFSA). The
fastest way to file is online at fafsa.gov. (You may request
a paper FAFSA by calling 1.800.4.FED.AID.)
4. New York State residents should also complete TAP on the Web.
Use the link on the FAFSA confirmation page to go to TAP on the
Web. If you need more information, go to www.hesc.ny.gov.
5. New York State residents should also complete the Excelsior Scholarship
application at www.hesc.ny.gov/excelsior.
6. Watch your inbox for a notice from the U.S. Department of Education
with a link to access your Student Aid Report (SAR).
7. Contact the college financial aid office if you have questions. See the
list of SUNY financial aid office telephone numbers and websites on
the back cover.
TM
We believe it is important for students to clearly see the bottom line on college
2018 SUNY Financial Aid Days
costs and remain committed to transparency regarding the financial commitments Register at www.suny.edu/studentevents
of attending our campuses. That’s why we created Smart Track, a collection of October 13 • November 17
resources designed to help students and families understand college costs and
develop a financial plan for the future.
www.suny.edu/smarttrack
7
Financial Aid Contact Information
campus phone website code campus phone website code
University at Albany 518.442.3202 www.albany.edu 002835 Hudson Valley 518.629.7150 www.hvcc.edu 002868
SUNY Adirondack 518.743.2223 www.sunyacc.edu 002860 Jamestown 716.338.1009 www.sunyjcc.edu 002869
Alfred State 607.587.4253 www.alfredstate.edu 002854 Jefferson 315.786.2350 www.sunyjefferson.edu 002870
Binghamton University 607.777.2428 www.bingfa.binghamton.edu 002836 Maritime College 718.409.7400 www.sunymaritime.edu 002853
The College at Brockport 585.395.2501 www.brockport.edu/finaid 002841 Mohawk Valley 315.792.5415 www.mvcc.edu 002871
SUNY Broome 607.778.5028 www.sunybroome.edu 002862 Monroe 585.292.2050 www.monroecc.edu/go/finaid 002872
Buffalo State 716.878.4902 financialaid.buffalostate.edu 002842 Morrisville State 315.684.6289 www.morrisville.edu 002859
University at Buffalo 716.645.8232 www.buffalo.edu 002837 Nassau 516.572.7396 www.ncc.edu 002873
SUNY Canton 800.388.7123 www.canton.edu 002855 SUNY New Paltz 845.257.3250 www.newpaltz.edu 002846
Cayuga 315.255.1743 www.cayuga-cc.edu 002861 Niagara County 716.614.6266 www.niagaracc.suny.edu 002874
Clinton 518.562.4125 www.clinton.edu/financialaid 006787 North Country 518.891.2915 www.nccc.edu 007111
SUNY Cobleskill 518.255.5623 www.cobleskill.edu 002856 Old Westbury 516.876.3000 www.oldwestbury.edu 007109
Columbia-Greene 518.828.4181 www.sunycgcc.edu 006789 SUNY Oneonta 607.436.2532 www.suny.oneonta.edu/cost-aid 002847
Corning 607.962.9875 www.corning-cc.edu 002863 Onondaga 315.498.2291 www.sunyocc.edu 002875
SUNY Cortland 607.753.4717 www.cortland.edu 002843 Orange County 845.341.4190 www.sunyorange.edu/financialaid 002876
SUNY Delhi 607.746.4570 www.delhi.edu 002857 SUNY Oswego 315.312.2248 www.oswego.edu 002848
Downstate Medical Center 718.270.2488 www.downstate.edu 002839 SUNY Plattsburgh 518.564.2072 www.plattsburgh.edu/financialaid 002849
Dutchess 845.431.8030 www.sunydutchess.edu 002864 SUNY Potsdam 315.267.2162 www.potsdam.edu 002850
Empire State College 518.587.2100 www.esc.edu 010286 Purchase College 914.251.7000 x2 www.purchase.edu/financialservices 006791
Environmental Science & Forestry 315.470.6706 www.esf.edu 002851 Rockland 845.574.4000 www.sunyrockland.edu 002877
Erie (City Campus) 716.851.1177 www.ecc.edu 010684 Schenectady County 518.381.1352 www.sunysccc.edu 006785
Erie (North Campus) 716.851.1477 www.ecc.edu 010684 Stony Brook University 631.632.6840 www.stonybrook.edu 002838
Erie (South Campus) 716.851.1677 www.ecc.edu 010684 Suffolk (Ammerman) 631.451.4072 www.sunysuffolk.edu 002878
Farmingdale State 631.420.2578 www.farmingdale.edu 002858 Suffolk (Eastern) 631.548.2525 www.sunysuffolk.edu 014153
Fashion Institute of Technology 212.217.3560 www.fitnyc.edu/financialaid 002866 Suffolk (Western) 631.851.6712 www.sunysuffolk.edu 013204
Finger Lakes 585.785.1276 www.flcc.edu 007532 Sullivan County 845.434.5750 www.sunysullivan.edu 002879
SUNY Fredonia 716.673.3253 www.fredonia.edu/finaid 002844 SUNY Polytechnic Institute 315.792.7210 www.sunypoly.edu/financial_aid 011678
Fulton-Montgomery 518.736.3622 www.fmcc.edu 002867 Tompkins Cortland 607.844.6580 www.tompkinscortland.edu 006788
Genesee 585.345.6900 www.genesee.edu 006782 Ulster County 845.687.5058 www.sunyulster.edu 002880
SUNY Geneseo 585.245.5731 www.geneseo.edu/financial_aid 002845 Upstate Medical University 315.464.4570 www.upstate.edu 002840
Herkimer County 315.866.0300 www.herkimer.edu 004788 SUNY Westchester 914.606.6773 www.sunywcc.edu 002881
HSC/Stony Brook 631.444.2111 www.stonybrook.edu/hscstudents 002838
FAFSA SUNY Welcome Center (NYC) Federal Student Aid SUNY Recruitment NYS Higher Education
fafsa.gov www.suny.edu/attend/suny-in-nyc studentaid.gov Response Center Services Corporation
1.800.4.FED.AID 212.364.5821 1.800.4.FED.AID www.suny.edu/attend www.hesc.ny.gov
1.800.342.3811You can also read
