Financial Assistance to Students
Manhattan College provides the maximum financial aid available to
qualified students to make their attendance at Manhattan financially possible.
To this end, the College administers a wide range of scholarship and
financial aid programs designed to enable the student to pursue his/her studies
to graduation. The basis of selection is ability and/or need. Students are
advised that program guidelines and funding levels, especially State and
Federal, are subject to change without enough advance notice to be corrected in
this publication.
All financial aid is renewable on a yearly basis provided the
student remains eligible; i.e., files the FAFSA by April 15th, is enrolled in a
matriculated program, is in good academic standing and continues to demonstrate
need (for need based aid). Please check scholarship requirements listed under
each type of scholarship.
Meeting the complete costs of college, however, usually requires a
cooperative effort from several possible sources of funds: student and family,
Manhattan College, state and federal government agencies and independent
sources of aid. Manhattan College attempts to meet a significant portion of
need but is unable to meet full need due to financial limitations.
Application Procedures
Students who wish to apply for any type of need based financial
assistance through Manhattan College must file a Free Application for Federal
Student Assistance (FAFSA 002758) as early as possible after January 1st
preceding the academic year for which they wish to be considered for aid.
Incoming freshmen should file by February 15th to ensure timely
handling of their admissions application. FAFSA applications are no longer made
available by the Department of Education, therefore, families
must file on the web at: www.fafsa.ed.gov. Continuing students must file by the
April 1st deadline and filing with completed federal taxes is
recommended. Financial aid will be awarded on a “first time first serve basis”
after that time. Applications received after April 30th may be subject to a 20%
reduction or possible cancellation of any need based institutional aid.
The Federal Student Aid Program performs a needs analysis service
which computes the family contribution toward educational costs. Manhattan
College then determines financial need based on the total cost of attendance at
the college. The cost of attendance includes tuition and fees, room and board
(even if a student will commute an allowance is given for room and board at
home), books, transportation and personal expenses. The Student Financial
Services Office deducts the family contribution as determined by the FAFSA from
the Total Cost of Attendance to arrive at a family financial need. All attempts
are made to help fill this need (also known as the Gap) with a combination of
gift (scholarships and grants from Manhattan College, federal and state grant
programs and outside scholarships), loans (Federal Stafford and Perkins) and
work programs (College Work Study and Campus employment).
Award Letters
Applicants will be advised of all possible awards via a Financial
Aid Award Letter when all pertinent forms and applications are complete.
Award letters are sent out to incoming applicants on a rolling basis. Students
already in attendance will begin to receive their Award Letters in late June or
July.
The financial aid awards on your award letter are “estimated.” A
financial aid award may be reduced or cancelled. The most common reasons for an award adjustment include changes in enrollment (change to
part-time status, residency status, not maintaining Satisfactory Academic
Progress, or over-awards due to receipt of additional aid and/or scholarships
from other sources. An award may also be adjusted due to changes or
inaccuracies in the information on which your award is based. If your financial
aid has been disbursed, you may be responsible for partial or full repayment of
funds regardless of the reason for the adjustment.
Students are advised to visit the Student Financial Services Office to
discuss any changes in family circumstances. A student should never withdraw
from a class or a semester without visiting the Student Financial Services to
discuss the impact on future financial aid.
Source: Manhattan College Undergraduate Catalog 2008-2010 (Current as of date of publication)