Undergraduate Financial Aid Programs
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grants (SEOG)
- TEACH Grant
- Federal Perkins Loan
- Federal Work-Study
- New York State Tuition Assistance Program (TAP)
- New York State Part-Time Tuition Assistance Program (PT TAP)
- New York State Aid for Part-Time Study (APTS)
- SJFC Grants and Scholarships
- William D. Ford Federal Direct Student Loan Program (Stafford Loans)
- William D. Ford Federal Direct Parent PLUS Loan Program
The Federal Pell Grant is available to students who have demonstrated the highest calculated need. It is estimated that this award will range between $602 and $5,730 for full-time study for the 2014-15 aid year. The Expected Family Contribution (EFC) calculated from the Free Application For Federal Student Aid (FAFSA) determines this award.
The Federal Supplemental Educational Opportunity Grant is awarded to Federal Pell Grant recipients who have demonstrated the highest calculated need. The average award is $1,000. Funds are limited and subject to availability.
The TEACH Grant is a federal program which awards up to $4,000 per year for eligible undergraduate and graduate students who intend to teach and fulfill a required service agreement. The award amount is prorated for part-time students. The annual amount of TEACH Grant is subject to change due to congressional action. Recipients must be enrolled in an eligible education major or TEACH Grant-eligible program. Please complete the SJFC TEACH Grant application to apply.
The Federal Perkins Loan is a low-interest (5 percent) loan awarded to full-time undergraduate students demonstrating financial need. The average award is $1,200 per year. The Perkins Loan is interest free while attending school. Repayment begins 9 months after enrollment ceases. ECSI is the Perkins loan servicer for St. John Fisher College. Funds are limited and subject to availability.
The Federal Work-Study award provides employment opportunities in various campus offices. Work-Study awards are offered to students with financial need. Students are paid at an hourly rate and receive paychecks every two weeks for the hours worked. The Work-Study hourly wage begins at the current NYS minimum wage rate. Work-Study will not be credited to the student's account. Students are responsible for finding employment on campus. The jobs are posted on the College's Career Center website.
Residents of New York state, may be eligible for the Tuition Assistance Program (TAP). To apply for the grant, students must complete the FAFSA and TAP application. This grant currently ranges between $500 and $5,165, depending upon the student's level of study, the family's taxable income, and state funding. Qualifying income is determined by the state. The state notifies the student and the Financial Aid Office of the official grant amounts. Our undergraduate school code is 0735. For more information on the TAP program, please visit www.hesc.ny.gov.
Awarded to matriculated students who were incoming freshmen undergraduate students for the 2006-07 academic year or thereafter, enrolled in 3-11 credits. In addition, students must have been a full-time student, earning 12 credits or more in each of two consecutive terms, and having a C (2.0) cumulative Grade Point Average (GPA) before being considered eligible for this grant. Students must meet the income requirement of New York State Net Taxable Income limit of $80,000 (dependent students) or $10,000 (independent students). Annual award amount is based on the individual student's eligibility and prorated based on the number of credits they are enrolled in. Students must fill out the TAP application, in addition to the FAFSA.
Awarded to matriculated Undergraduate students enrolled in 3-11 credits, meeting the income requirements of New York State Net Taxable Income limit of $50,500 (dependent students) or $34,500 (independent students). The annual award amount is $500-$2,000 and is determined by the Financial Aid Office. Download the APTS Application [pdf] or pick up the form in the Financial Aid Office.
St. John Fisher College grants and scholarships require full-time enrollment. They are automatically credited to the student's account each year. Grants vary according to financial need. Merit scholarships vary according to program, housing status, and carry a minimum GPA requirement.
The William D. Ford Federal Direct Student Loan Program (Stafford Loans) provides low-interest long-term loans to students for education expenses. The lender of these loans is the federal government and repayment is to the U.S. Department of Education. The Federal Direct Subsidized Student Loan is awarded to students with financial need. The Subsidized and Unsubsidized loans have a fixed interest rate of 3.86% for 2013-14 for loans with a first disbursement date on or after July 1, 2013. The rate for loans disbursed on or after July 1, 2014 is 4.66%. The Subsidized loan does not accrue interest while the student is enrolled at least half-time. A 1.072% fee is charged to loans first disbursed on or after December 1, 2013 and before September 30, 2014. Loans disbursed on or after October 1, 2014 will be charged a 1.073% fee. Loan rates and fees are subject to change due to congressional action. The award for a first year student is $5,500. Second year students can receive $6,500 and other undergraduates are eligible for $7,500. Additional loan funds are available for borrowers who are independent of parent by the Department of Education standards or whose parent has received a PLUS Loan denial ($4,000 for first and second year students, $5,000 for third and fourth year students). Repayment begins six months after half-time enrollment ceases.
- Instructions to apply for your Federal Direct Subsidized/Unsubsidized Student Loan
- Federal Direct Loan Repayment Options, Loan Consolidation, Deferment, and Forbearance
The William D. Ford Federal Direct Parent PLUS Loan Program is a loan program available to the parents of a dependent student who is enrolled at least half-time in a degree program. The parent may borrow up to the student's cost of attendance, minus other financial aid. The loan has a fixed interest rate of 6.41% for 2013-14 for loans with a first disbursement date or or after July 1, 2013. The rate for loans disbursed on or after July 1, 2014 is 7.21%. A 4.288% fee is charged to loans first disbursed on or after December 1, 2013 and before September 30, 2014. Loans disbursed on or after October 1, 2014 will be charged a 4.292% fee. Loan rates and fees are subject to change due to congressional action. Loan approval is subject to a credit check based on criteria established by the Department of Education. The lender of these loans is the federal government and repayment is to the U.S. Department of Education. Repayment begins within 60 days after the final loan disbursement for the academic year. Repayment may be delayed until 6 months after the student graduates or is no longer enrolled at least half-time.