Frequently Asked Questions
Financial aid encompasses scholarships, grants, loans.
Direct PLUS Loans are federal loans that graduate or professional students and parents of dependent undergraduate students can use to help pay for college or career school. The loan application requires a the applicant (parent/professional student) to pass a credit check. PLUS Loans | Federal Student Aid
Direct Subsidized Loans and Direct Unsubsidized Loans are federal student loans offered by the U.S. Department of Education (ED) to help eligible students cover the cost of higher education at a four-year college or university.
Federal financial aid is federal grants and federal loans. To apply for this aid, you must complete the Free Application for Federal Student Aid (FAFSA®). You must be a matriculated student to apply for this application among other requirements for more information please click here for more eligibility.
Matriculated students in a baccalaureate degree are eligible for Federal Pell grants, federal loans or both. You must be enrolled in a minimum of six credits for federal loans. Must maintain Satisfactory Academic Progress (SAP) highlight to link to continue to receive Federal Financial Aid.
Matriculated students in a graduate degree program are eligible for federal graduate loans. Students must be enrolled in a minimum of 4.5 credits. - link to catalog Must maintain Satisfactory Academic Progress (SAP) highlight to link to continue to receive Federal Financial Aid.
NY state residents may be eligible for NYS State aid. NYS residents are eligible to apply for state financial aid which includes TAP, ETA and Dreamer.
Tuition Assistance Program (TAP)
Full-time matriculated students in a baccalaureate degree are eligible for NYS TAP. TAP is a grant and does not have to be paid back. You must be enrolled in a minimum of 12 credits and have a minimum GPA of among other requirements.
Enhanced Tuition Awards Program (ETA)
The Enhanced Tuition Awards (ETA) program provides tuition awards to students who are New York State residents attending a participating private college located in New York State. Recipients will receive $6,000 through a combination of their TAP award, ETA award and a match from their private college.
NYS Higher Education Services Corporation - Enhanced Tuition Awards
The Senator José Peralta New York State DREAM Act gives undocumented and other students access to New York State‐administered grants and scholarships that support their higher education costs. The DREAM Act opens the doors of higher education to thousands of students, providing access to the Tuition Assistance Program (TAP), Enhanced Tuition Awards Program (ETA) as well as other state‐administered scholarships that were not previously available to them.
All incoming full-time, first year, and transfer, undergraduate admitted students will automatically be considered for one of the merit awards listed below. Annual renewal of all merit awards is based on students maintaining a minimum grade point average of 2.0 and enrolling in a minimum of 12 credits each fall and spring semester.
There are a variety of opportunities to earn money to help pay for school, get work experience, and build skills to help you in your career while you’re studying at Manhattanville. Federal Work-Study provides part-time jobs for undergraduate students with financial needs, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study. Federal Work-Study funds are not guaranteed; you earn Federal Work-Study if you are hired for a student job on campus that is designated as a Federal Work-Study job. Whether you receive funds for Federal Work-Study or not, we encourage you to use Manhattanville's job search tool. Students may work up to 20 hours per week while classes are in session and receive a bi-weekly paycheck (based on an hourly wage) that they can use for educational expenses. Off-campus Work-Study positions are also available with government and community service agencies that have signed a contract with Manhattanville to provide Work-Study employment for students.
Yes, your financial aid may be affected due to enrollment considered less than full time or in the case of major change, loss of major specific scholarship. Before making these changes, you must meet with a financial aid counselor to discuss changes to your aid package.
Undergraduate Students- Must be enrolled in a minimum of 6 credits to receive federal financial aid or enrolled in 12 credits (full time status) to receive full financial aid package.
Graduate Students- Must be enrolled in a minimum of 4.5 credits, enrolled in 9 credits is (full time status)
Graduate students in online programs ONLY are considered full-time when they are enrolled in 6 credit hours or more. Online graduate students registered for 3 credit hours are considered half-time, below 3 credit hours is considered less than half-time.
Doctoral students (non-dissertation) are considered full-time when they are enrolled in 6 credit hours or more. Doctoral students are considered half-time when they are enrolled in 3 credit hours. If they are below 3 credit hours this is considered less than half-time.
Doctoral students (dissertation) are considered full-time when they are enrolled in EDAD 8190 course for two credit hours. If they are enrolled in EDAD 8190 course for 1 credit hour then they are considered half-time.
Yes. Since your parents’ citizenship does not affect your ability to complete the FAFSA form, they do not need a SOCIAL SECURITY NUMBER (SSN). When your parent creates their FSA ID on studentaid.gov, they should leave the SSN field blank, and check the box below the SSN field that states that they do not have a SSN. They will be asked additional questions to help verify their identity.
- Cost of Attendance (COA) – The estimated total cost of attending an institution for one academic year. This may include tuition, fees, student health insurance, and estimated costs for housing, food, transportation, books, supplies, purchase of a computer, and other miscellaneous expenses.
- Tuition – Charges assessed for classes and/or other coursework.
- Fees – Charges assessed for other college services.
- Institutional Aid – Scholarships, fellowships and grants awarded based on merit or a combination of merit and demonstrated financial need by Manhattanville to help offset tuition costs. This does not need to be repaid.
- External/Outside funding – A scholarship that comes from sources other than Manhattanville.
- Loan – A financial aid resource that must be repaid, with interest.
Below is an abbreviated glossary of terms used by lenders.
- APR – Annual percentage rate calculates the cost of borrowing money. It includes the annual interest rate, insurance, and origination fees associated with lending money.
- Borrower Benefits – Special interest rates, incentives, or terms offered by an individual lender. These benefits may lower your payments or reduce your cost of alternative borrowing.
- Capitalization – Adding unpaid accrued interest charges to the principal balance of a loan.
- Consolidation – Combining all of your loans into one new loan. You will make one payment to one lender. A consolidation loan has its own terms and conditions. Loan consolidation makes repayment easier if you have more than one federal educational loan. It combines all of your eligible loan obligations into a one new loan with one monthly payment. It may also lower your monthly payment. If you choose to do so, you may be able to extend your repayment schedule beyond the 10 year standard. The interest rate on a consolidation loan is fixed and the rate cannot exceed 8.25 percent.
- Default – The borrower fails to begin repayment (delinquency) or arrange a deferment or forbearance 270 days after repayment is scheduled to begin.
- Deferment – You may qualify to defer making payments for a specified period of time. For a subsidized
loan, the interest does not accrue because the government pays it on behalf of the
Deferments are available for:
- Enrollment in undergraduate or graduate school
- Person with a disability enrolled in a qualifying rehabilitation program
- Economic hardship
- Military service
- Delinquency – The status of a loan when payments are late. The servicer may charge late fees. Delinquency precedes default.
- Disbursement Dates – The date the lender expects to send your loan amount to the college.
- Forbearance – Forbearance is granted by the individual lender. This allows the borrower to not make payments during the forbearance period however interest does accrue. Borrowers should apply for a deferment before considering a forbearance.
- Grace Period – The time between the end of enrollment (graduation, leave of absence, less-than-half-time enrollment, or withdrawal) and when repayment begins. No payments are required during the grace period.
- Graduate PLUS (GPLUS) – This loan is also known as Plus Loan for Graduate/Professional Students. This loan allows credit-worthy graduate students to borrow the difference between the total cost of attendance and any financial aid offered to the student.
- Interest Rate – The rate at which interest accrues on a loan or cost of borrowing money.
- Loan/Origination Fees – Fees subtracted from the amount borrowed to cover the expenses for lending. Fees are retained by the US Department of Education.
- Minimum Monthly Payment – The lowest amount you are required to pay each month during the repayment period.
- Private Educational Loans – These loans are offered by individual lenders to meet the gap between the cost of attendance and any financial aid offered. They are not subject to the same government regulations as federal loans.
- Repayment Date – The day following the end of the grace period.
- Servicer – Some lenders assign educational loans to a servicer. This third party company becomes responsible for collecting and processing payments for that lender.
- Subsidized – Subsidized means that the student borrower will not occur interest payments on the amount of the loan in use while the student is enrolled in school.
- Total Repayment Amount – The amount you borrowed plus the accrued interest.
- Unsubsidized – Unsubsidized means that the student borrower must make interest payments on the amount of the loan in use while the student is enrolled in school.