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The Office of Financial Aid

 

UAlbany Scholarships Application Opening Dates

Opening dates and their respective due dates for scholarship applications to be submitted are;

  • *University at Albany Foundation Endowed Scholarships - Open Now and Due Date July 15, 2017

  • *University at Albany Alumni Association Scholarships - Opening Date January 15, 2017 and Due Date March 3, 2017 (Note: Bertha Brimmer scholarship application due February 28, 2017)

  • *University at Albany School of Social Welfare Scholarships - Opening Date April 4, 2017 and Due Date July 15, 2017
Please Note*

* If you submitted an application for any previous academic year you can use the same password to access and revise the 2017-2018 application.

* Scholarship funds are limited. Meeting the application requirements and scholarship criteria does not imply that you will necessarily receive a scholarship.

* Students who are awarded a University at Albany Foundation endowed scholarship will be notified via email.


New for 2016: FAFSA Filing Start Day Changes to October 1, 2016

New this year, the FAFSA will be available October 1. The 2017-2018 FAFSA will be available
October 1, 2016. The FAFSA should be completed and submitted on-line through www.fafsa.ed.gov.

Prospective students wishing to receive priority consideration for aid administered by the Office of Financial Aid must have completed the FAFSA and received an official expected family contribution from the Department of Education by December 1st, 2016.

Continuing students wishing to receive priority consideration for aid administered by the Office of Financial Aid must have completed the FAFSA and received an official expected family contribution from the Department of Education by January 1st, 2017.

FAFSA Filers: Use the IRS Data Retrieval Tool

Students and parents who have filed their 2015 federal tax returns will be able to select the IRS Data Retrieval option on the FAFSA to transfer their tax information directly from their federal tax return to their FAFSA application. Federal Tax Returns must be electronically filed at least two weeks (or 6-8 weeks if filing paper returns) before using the IRS Data Retrieval process.

We strongly encourage you and your parents to use the IRS Data Retrieval Tool which is the fastest and easiest way to provide accurate tax information. The IRS tax information can be reviewed first before being transferred directly into your FAFSA.

Helpful FAFSA Filing Resources

Department of Education FAFSA Telephone Support

The Department of Education provides telephone support to FAFSA applicants who have questions about how to complete or make corrections to the FAFSA.  Contact the Department of Education support line at (800) 433-3243.


Change in Direct Loan Origination Fees

Direct Loans disbursed for the first time on or after October 01, 2016 will be subject to the following origination fees:

  • Direct Subsidized (Undergraduates) - 1.069%
  • Direct Unsubsidized (Undergraduates) - 1.069%
  • Direct Unsubsidized (Graduates) - 1.069%
  • Direct PLUS (Parents/Graduates) - 4.276%

Please note: these new origination fees apply to the period of October 01, 2016 to September 30, 2017. Origination fees on subsequent loans first disbursed on or after October 01, 2017 are subject to change.


Additional Direct Loan Eligibility for Change in Grade Level

Based on changes in the number of credit hours a student completes over the course of a semester a student's grade level may increase which would increase their loan eligibility for the academic year. For example, if a sophomore completes enough credits in the fall semester making them a junior in the spring semester of the same academic year they may be eligible for a loan increase if they have not already received aid up to the cost of attendance.

Please refer to the annual borrowing limits to see if you have progressed to the next grade level.

If you have determined that you are eligible for additional loans based on a grade level increase please complete the Federal Direct Loan Adjustment Request Form selecting "Grade Level Change" for the adjustment reason.


New Borrower Alert

Have you completed your Direct Stafford Entrance Counseling?

Direct Stafford Loan Entrance Counseling is mandatory for all first time borrowers attending UAlbany. Please be aware Entrance Counseling is different than the Financial Awareness Counseling Tool (FACT). Completion of FACT does not satisfy Entrance Counseling requirements. You must complete Entrance Counseling at www.studentloans.gov. Refer to your "to-do" items to determine if Entrance Counseling needs completion.

Have you completed your Direct Stafford Loan Master Promissory Note (MPN)?

The Direct Stafford Loan MPN is mandatory for all first time Direct Loan borrowers attending UAlbany. The MPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees. The MPN explains the terms and conditions of your loan(s). Your MPN is valid for 10 years, so you will most likely need to complete this only once while attending UAlbany. The MPN must be completed at www.studentloans.gov. Refer to your "to-do" items to determine if the MPN needs completion.


SUNY Smart Track Financial Literacy Tool

University at Albany is pleased to announce a SUNY wide interactive financial literacy tool to help students get on the Smart Track for every financial decision from paying your tuition, to purchasing a home. Click the button below to begin your Smart Track experience!

Attention Smart Track Users

We have been made aware there is an incompatibility issue with Internet Explorer 11 (IE 11) and Flash. Until Microsoft resolves the issue, we recommend using a different browser such as Firefox or Chrome, or a lower version of Internet Explorer.


 

The Office of Financial Aid is responsible for the administration of state, federal and institutional financial aid programs.  In conjunction with the Student Financial Center, the Office of Financial Aid assists students and families in navigating the financial aid process.

For assistance, visit the Student Financial Center located in the Campus Center G26, or call the Student Financial Center at (518) 442-3202.