Financial Aid Terms and Conditions
Alfred State’s Student Records and Financial Services Office encourages students and their families to carefully review their financial aid offer and consider all available options to assist students in financing their education. It is the student’s responsibility as a financial aid recipient to review Alfred State’s financial aid Web site and course catalog to further understand his or her financial aid award package and the associated conditions to keep the financial aid award(s).
- Financial aid award packages offered to students are individualized and reflect the student’s eligibility based on the information provided by the student and their parents on the Free Application for Federal Student Aid (FAFSA). Each financial aid award package also factors in the student’s grade level, program of study, individual program, eligibility requirements, and funding levels. Federal financial aid awards are contingent on federal funding levels and are, therefore, subject to change based on Congressional action.
- Due to recent changes in federal student aid regulations, students who are eligible to receive a Federal Pell Grant will have a lifetime limit of 12 full-time semesters (or the equivalent). This policy is retroactive to whenever a student first received Pell grant and includes payments received at other colleges or universities.
- Financial aid recipients must be matriculated students, pursuing college courses leading to a terminal degree (certificate, associate, or bachelor). Students must be enrolled at least half-time (six credit hours) to receive aid from the following federal aid programs: Supplemental Educational Opportunity Grant (SEOG), College Work Study (CWS), Perkins Loan, Federal Direct Stafford Loans, and Federal Nursing Loan.
- Students who are New York State residents must be enrolled full-time (12 or more credit hours) to receive aid from the New York State Tuition Assistance Program (TAP). TAP is limited to eight full-time semesters, six of which can be used towards an associates degree. Some part-time students may qualify for Part-time TAP or Aid for Part-time Study. Check with your financial aid adviser to see if you may be eligible.
Financial aid awards are based on information provided by the student and are subject to revisions and/or cancellation at any time if: federal or state regulations change; federal, state, or institutional fund allocations change; estimated family contribution changes; student receives a scholarship, VA educational benefits, etc.; or an error is made in the calculation of your eligibility or award, whether by the federal aid servicer, private loan servicer, or Alfred State. The institution, state, and federal government are absolved of any and all responsibility for funding in the event that a grant and/or a loan or any other financial assistance is based upon fraudulent, inaccurate, or misleading information.