The Office of Financial Aid is dedicated to providing quality, personable
services to all applicants to assist them in funding their college education.
An extensive
network of services and resources are offered to help applicants with the financial
aid process.
Individuals who have expressed an interest in attending SUNY
College at Old Westbury and applying for financial aid are assigned a Financial
Aid Advisor. Financial
Aid Advisors help students apply for financial aid and develop financial
aid awards tailored to meet four years of college expenses. We participate
in federal,
state and local aid programs that help make education affordable for all
students.
If you are interested in attending but worried about costs, we encourage you
to apply for financial aid. More than half of Old Westbury students and their
families receive financial assistance in the form of grants, loans, scholarships
and student employment.
Even if you do not qualify for federal or state grants,
there are additional financing options available that can help you meet our
costs. The staff of
the Office of Financial Aid is available to answer your questions and to
assist you
in making Old Westbury an affordable choice.
A conviction for any offense, during a period of enrollment for which the student was receiving Title IV, HEA program funds, under any federal or state law involving the possession or sale of illegal drugs will result in the loss of eligibility for any Title IV, HEA grant, loan, or work-study assistance (HEA Sec. 484(r)(1)); (20 U.S.C. 1091(r)(1)).
How to Apply for Aid top
Applicants interested in applying for federal, state and/or local student
financial assistance (grants, loans, scholarships and student employment opportunities)
may utilize the following links or contact the Office of Financial Aid by calling
(516) 876-3222/ 3223 or finaid@oldwestbury.edu for a "specific year" Financial
Aid Packet. All of the required applications must be completed by suggested
deadline dates.
The Office of Financial Aid requires the following documents
to be submitted and/or filed by all applicants:
- Applicant Statement for Undergraduate Students and Graduate Students 2011-12.
Download, complete, sign, and submit with signed copies of Previous Year Household Income Documentation. The I.F.A.A. form is in pdf format.
- Institutional Financial Aid Application (I.F.A.A.) for Undergraduate EOP Students 2011-12
Download, complete, sign, and submit with signed copies of Previous Year Household Income Documentation. The I.F.A.A. form is in pdf format.
- Free Application for Federal Student Aid (F.A.F.S.A)
- T.A.P. (for New York State residents only)
- Previous Year Household Income Documentation (Signed copies of Federal Income Tax Returns, State and Local Tax Returns, Social Services, Social Security, AFDC or ADC, Veteran Benefits or other Untaxed Income)
- Undergraduate Direct Loan Request/Confirmation Form
- Graduate Direct Loan Request/Confirmation Form
Deadlines top
| Submit all Documents |
Dec.5, 2008 |
| |
| Fall Entry |
| File F.A.F.S.A./Renewal Applications |
April 15 |
| Sumbit all Documents |
May 11 |
Cost of Education top
Your Cost of Education consists of Direct Charges (tuition, fees, room and board if you live on campus) and Indirect Charges (Room and Board for students who do not live on campus, books and supplies and miscellaneous/personal expenses). Cost of Education is composed of 3 budget groups:
- Resident Students
- Dependent Commuters
- Independent Commuters
Net Price Calculator top
The net price calculator provides students and parents an estimate of the total annual cost of attending SUNY College at Old Westbury . Please note that the provided quote is a *broad* estimate and includes both direct and indirect costs. Actual out-of-pocket cost may be significantly less than the estimate. It is important for you to understand what financial obligations you will incur while attending college. However, this tool does not calculate scholarships, New York state grants (TAP) and other awards.
Please note: this is only an estimate, and you must file a FAFSA (Free Application for Federal Student Aid) and the TAP application (New York state residents only) to receive a full analysis. We encourage you to speak with a member of our financial aid team while applying for aid.
Determining Financial Need top
Financial aid is meant to assist families in paying for a college education.
The information you report on your FAFSA (Free Application for Federal Student
Aid) is used to calculate your Expected Family Contribution (EFC), which is
a measure of your family's ability to pay for your college education.
The EFC also determines your eligibility for a Pell grant, Campus Based Aid
(Supplemental Educational Opportunity Grant, College Work Study) and Federal
Student Loans(Subsidized and/or Unsubsidized). The formula for the EFC is established
by Congress.
Your Financial Aid Advisor determines need by subtracting the EFC from
the Cost of Education and uses the information to develop
a financial aid package.
When a financial aid award package is developed by your Old Westbury Financial
Aid Advisor, you will receive an award letter that you must sign and return
within 10 days.
Components of a Financial Aid Award top
Financial aid opportunities at Old Westbury can include:
GRANTS (Financial
aid you don't have to pay back)
Federal Pell - available to undergraduate
students only who do not already have bachelors degree and based on need. Annual awards can range from $555-$5550
Federal Supplemental Educational Opportunity Grant (S.E.O.G.) - available
to undergraduates with exceptional need. Priority is given to Federal Pell
grant recipients. Funds are limited and awarded to qualified students that
meet
established deadline dates
Federal College Work Study Program (C.W.S.P.) - available
to students that demonstrate need. Funds are limited and awarded to qualified
students
that meet established
deadline dates. Money is earned while attending school.
Tuition Assistance Program (T.A.P.) - available to New York
State eligible undergraduate, full-time, matriculated students to help meet
tuition
charges.
Aid for Part-Time Study (A.P.T.S.) - provides assistance
to eligible part-time undergraduate students in approved programs to help meet
tuition charges.
Educational Opportunity Program (E.O.P.) - provides
academic support and financial aid to students who show promise for mastering
college-level
work, but who
may otherwise not be admitted. Offered primarily to full-time
students who are New York State residents, EOP accepts students who qualify,
academically
and financially, for the program.
LOANS (financial aid that must be repaid with interest) top
Federal
Perkins Loan - federal loans awarded by SUNY College at Old Westbury
based on need. The current interest rate is 5%. Funds are limited and awarded
to qualified students that meet established deadline dates
Federal Direct Loans (subsidized and/or unsubsidized) - loans funded by the
federal government. Subsidized Loans-students must demonstrate need. The
U.S. Department of Education pays interest while the borrower is in school(registered
at least half-time) and during grace and deferment periods. Unsubsidized
Loans-no
requirement to demonstrate need and borrower is responsible for interest
during the life of the loan
SCHOLARSHIPS (financial aid you don't have to pay back!) top
Scholarships
provide financial assistance based on merit and/or need that does not have
to be repaid. An array of scholarships are made available by both
SUNY College at Old Westbury and The Old Westbury College Foundation, Inc.
For further information on those scholarships available, click here or call (516) 876-3207 for a current list of scholarships
and information.
Academic Standards for Continued Financial Aid Eligibility top
To
remain eligible for Title IV federal aid, students must meet the College's
criteria for good academic standing and maintain satisfactory progress toward
a degree. The criteria for good academic standing and satisfactory progress
toward a degree are outlined in the college catalog under the heading Academic
Standing. Students who fail to meet these criteria may, through the Academic
Standing Committee, appeal for reinstatement to the College.
To remain eligible for state aid, students must fulfill conditions of pursuit
and progress outlined in the college catalog under the heading Academic Standards
for Continued Financial Aid Eligibility. Students who fail to meet these criteria
may request a one time state waiver. Students must document specific reasons
for not meeting the conditions of pursuit and progress.
***A conviction for any offense, during a period of enrollment for which the student was receiving Title IV, HEA program funds, under any federal or state law involving the possession or sale of illegal drugs will result in the loss of eligibility for any Title IV, HEA grant, loan, or work-study assistance (HEA Sec. 484(r)(1)); (20 U.S.C. 1091(r)(1)).
Alternative Financing Options top
Alternative financial resources are available at SUNY College of Old Westbury to help students and their families meet full educational costs. Two of the programs most used by Old Westbury students and their families are described below.
Time Payment Plan: SUNY College at Old Westbury has a convenient and affordable way for students and parents to pay their educational expenses. This plan allows tuition and fees to be paid in two (2) equal installments each semester. Payments for the Fall semester begin in August, payments for the Spring Semester begin in December. There is a nominal cost for this program, please contact the Bursar's Office (516) 876-3168 for additional information.
Federal Direct PLUS Loan
This federally funded program enables parents of undergraduate students to borrow up to the cost of attendance minus financial aid to help pay college expenses. Information regarding PLUS loans is available on request from the Office of Financial Aid.
Scholarships top
In addition to state and federal aid programs, students of SUNY College at Old
Westbury can take advantage of an array of scholarship opportunities. Whether
to cover tuition, housing, or travel, the College itself and the Old Westbury
College Foundation, Inc. work together to help you explore every option for getting
the money you need to attend Old Westbury. Use the links below to see what options
are available for you from the College and other sources:
Graduate Students top
Prospective graduate students interested in applying for Financial Aid must complete the FAFSA at www.fafsa.ed.gov and must also complete the Applicant Statement.
*Due to the Budget Control Act (BCA) of 2011 (Pub. L. 12-025), Graduate and Professional students no longer qualify for Federal Direct subsidized loans.
Financial Aid Documents
The Office of Financial Aid requires the following documents to be submitted
and/or filed by all applicants
- Applicant Statement for Graduate Students (attached as a word document). Download, complete, sign, and submit.
- Free Application for Federal Student Aid
- Previous Year Household Income Documentation (Signed Federal Income Tax Returns, State and Local Tax Returns, Social Services, Social Security, AFDC or ADC, Veteran Benefits or other Untaxed Income).
****** Effective July 1, 2012… we will no longer require income documentation as all graduate/professional students will only be eligible for unsubsidized loans.
Types of Financial Aid top
The New York State Tuition Assistance Program (TAP): TAP helps eligible New York residents attending in-state postsecondary institutions pay for tuition. Depending on the academic year in which the student began study, an annual TAP award can be as high as $5,000. Visit www.hesc.org for more information.
*Tap is no longer available to Graduate students.
Federal Direct Loans: All Direct Loans are either
subsidized (the government pays the interest while you're in school) or
unsubsidized (you pay all the interest, although you can have the payments
deferred until after graduation). To receive a subsidized Direct Loan, you
must be able to demonstrate financial need. Direct Loans allow students to
borrow $18,500 per year, although only $8,500 of that is subsidized. Effective
for loans first disbursed on or after July 1, 2007, the annual direct loan limits will be $20,500. To apply for a Direct Loan, you
must submit the Free Application for Federal Student Aid (FAFSA). Even though
the unsubsidized Stafford Loan is available to all students regardless of
financial need, you must still submit the FASFA to be eligible. You can receive
a subsidized loan and an unsubsidized loan for the same period.
*****Effective July 1, 2012
Due to the Budget Control Act (BCA) of 2011 (Pub. L. 12-025), Graduate and Professional students no longer qualify for Federal Direct subsidized loans.
Private Loans: Private Loans, also known as Alternative Loans, help bridge
the gap between the actual cost of your education and the limited amount the
government allows you to borrow in its programs. Private loans are offered
by private lenders and there are no federal forms to complete.
Fellowships: Graduate fellowships are forms of aid that help students pay
for their graduate education. Unlike loans, they do not have to be repaid.
Hundreds of thousands of scholarships and fellowships from several thousand
sponsors are awarded each year. The best way to search for scholarships and
fellowships is to use a personalized search, like FastWeb, that compares your
background with a database of awards. Only those awards that fit your profile
are identified as matches.
Financial Aid Staff top
Sandra Alvarez
Financial Aid Advisor
Building: CC , Room: H100a
Phone: 516-876-3223/4
E-mail: alvarezs@oldwestbury.edu
Lorrainebook M. Cardenasbook
Assistant Directorbook
Building: CC , Room: H100a
Phone: (516) 876-3223/4
E-mail: CardenasL@Oldwestbury.Edu
Dorotheabook L. Darrellbook
Financial Aid Assistantbook
Building: CC , Room: H100a
Phone: (516) 876-3223/4
E-mail: DarrellD@Oldwestbury.Edu
Jolandabook Hairstonbook
College Workstudy Coord.book
Building: CC , Room: H100a
Phone: (516) 876-3223/4
E-mail: HairstonJ@Oldwestbury.Edu
Pei Hua (Stephanie) Jian-Chiu
Financial Aid Advisor
Building: CC , Room: H100a
Phone: (516) 876-3223/4
E-mail: jian-chiup@oldwestbury.edu
Amar Laradji
Staff Assistant
Building: CC , Room: H100A
Phone: (516) 876-3223/4
E-mail: LaradjiA@Oldwestbury.Edu
Patricia Mateo
Financial Aid Advisor
Building: CC , Room: H100a
Phone: (516) 876-3223/4
E-mail: MateoP@Oldwestbury.Edu
Mildred O'Keefe
Director
Building: CC , Room: H100a
Phone: (516) 876-3223/4
E-mail: okeefem@oldwestbury.edu
Sugely Rodriguez
Direct Loan Coordinator
Building: CC , Room: H100a
Phone: (516) 876-3223/4
E-mail: rodriguezs@oldwestbury.edu
Seeing Your Advisor top
Students are assigned Financial Aid Advisors according to the first letter of their last name. Listed below are the walk-in schedules for each Financial Aid Advisor.
