Common Data Set Financial Aid Definitions
 

• Financial aid applicant: Any applicant who submits the institutionally required financial aid application/form, such as the FAFSA.
• Indebtedness: Aggregate dollar amount borrowed by the student.
• Financial need: As determined by your institution using the federal methodology and/or your institution's own standards.
• Need-based aid: College-funded or college-administered award from institutional, state, federal, or other sources for which a student must have financial need to qualify. This includes both institutional and non-institutional student aid (grants, jobs, and loans).
• Need-based gift aid: Scholarships and grants from institutional, state, federal or other sources for which a student must have financial need to qualify. Do not include athletic scholarships, outside awards, or awards construed as personnel benefits, i.e., scholarships to children of faculty and staff.
• Non-need-based gift aid: Scholarships and grants, gifts, or merit-based aid from institutional, state, federal, or other sources (including unrestricted funds or gifts and endowment income) awarded solely on the basis of academic achievement, merit, or any other non-need-based reason. Exclude athletic scholarships, awards construed as personnel benefits, i.e., scholarships to children of faculty and staff.
• Self-help aid: Need-based loans and jobs up to the level of institutionally determined need.
• Non-need-based scholarship or grant aid: Scholarships and grants, gifts, or merit-based aid from institutional, state, federal, or other sources (including unrestricted funds or gifts and endowment income) awarded solely on the basis of academic achievement, merit, or any other non-need-based reason. When reporting questions H1 and H2, non-need-based aid that is used to meet need should be counted as need-based aid.

  Note: Suggested order of precedence for counting non-need money as need-based:
  Non-need institutional grants
  Non-need tuition waivers
  Non-need athletic awards
  Non-need federal grants
  Non-need state grants
  Non-need outside grants
  Non-need student loans
  Non-need parent loans
  Non-need work

  Non-need-based self-help aid: Loans and jobs from institutional, state, or other sources for which a student need not demonstrate financial need to qualify.

  Scholarships/grants from external sources: Monies received from outside (private) sources that the student brings with them (e.g., Kiwanis, National Merit scholarships). The institution may process paperwork to receive the dollars, but it has no role in determining the recipient or the dollar amount awarded.

  Work study and employment: Federal and state work study aid, and any employment packaged by your institution in financial aid awards.
  

H1. Enter total dollar amount awarded in the 2002-2003 academic year to full-time and less-than-full-time degree-seeking undergraduates (using the same cohort reported in CDS Question B1, "total degree-seeking" undergraduates) in the following categories. Include aid awarded to international students (i.e., those not qualifying for federal aid). Aid that is non-need-based but is used to meet need should be counted as need-based aid.

Indicate the academic year for which data are reported for items H1, H2, H2A, and H6 below:

[ X] 2003-2004 estimated or [   ] 2002-2003 final 

Which needs-analysis methodology does your institution use in awarding institutional aid? (Formerly H3)
        [X]    Federal methodology (FM)
        [   ]    Institutional methodology (IM)
        [   ]    Both FM and IM

H2. Number of Enrolled Students Receiving Aid: List the number of degree-seeking full-time and less-than-full-time undergraduates who applied for and received financial aid.  Aid that is non-need-based but that was used to meet need should be counted as need-based aid.  Numbers should reflect the cohort receiving the dollars reported in H1.

  H2A. Number of Enrolled Students Receiving Non-need-based Grants and Scholarships: List the number of degree seeking full time and less then full time undergraduates who had no financial need and who were awarded institutional-not external- non- need based scholarships or grant aid. Numbers should reflect the cohort awarded the dollars reported in H1.

H3 Incorporated into H1 above.

H4. Percent of 2003 graduating undergraduate class who have borrowed through all loan programs (federal, state, subsidized, unsubsidized, etc.): 69 %

H5. Average per-borrower cumulative undergraduate indebtedness of those in line H4; do not include money borrowed at other institutions: $16,700
 

H6. Indicate your institution’s policy regarding financial aid for undergraduate international (nonresident alien) students:

[  ] College-administered need-based financial aid is available for international students

[  ] College-administered non-need-based financial aid is available for international students

[X] College-administered financial aid is not available for international students

If college-administered financial aid is available for undergraduate international students, provide the number of international students who received need- or non-need-based aid in the last academic year: ______
Average dollar amount awarded to international students in the last academic year: $ ___________
Total dollar amount awarded to international students in the last academic year: $ ______________
 

H7. Check off all financial aid forms domestic first-year (freshman) financial aid applicants must submit:

[X] FAFSA

[  ] Institution’s own financial aid form

[  ] CSS/Financial Aid PROFILE

[  ] State aid form

[  ] Non-custodial (Divorced/Separated) Parent’s Statement

[  ] Business/Farm Supplement

[ X ] Other: NY state residents will receive an Express TAP application 1 month after filing FAFSA

H8. Check off all financial aid forms international (non-resident alien) first-year financial aid applicants must submit:

[  ] Institution’s own financial aid form

[  ] CSS/Financial Aid PROFILE

[  ] Foreign Student’s Financial Aid Application

[X] Foreign Student’s Certification of Finances

[  ] Other: ______________________________________________

H9.Indicate filing dates for first-year (freshman) students:  

H10. Indicate notification dates for first-year (freshman) students:
Students notified on or about (date): _____________
Students notified on a rolling basis:  [X] Yes  [  ] No
If yes, starting date: April 1

H11. Indicate reply dates:
Students must reply by (date): May 1 or within 2 weeks of notification.
 

Please check off all types of aid available at your institution:

H12. Loans
          FEDERAL DIRECT STUDENT LOAN PROGRAM (DIRECT LOAN)
          [  ] Direct Subsidized Stafford Loans
          [  ] Direct Unsubsidized Stafford Loans
          [  ] Direct PLUS Loans
          [  ] Direct Consolidation Loans

FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFEL)

[X] FFEL Subsidized Stafford Loans

[X] FFEL Unsubsidized Stafford Loans

[X] FFEL PLUS Loans

 

[X] Federal Perkins Loans

[  ] Federal Nursing Loans

[  ] State Loans

[X] College/university loans from institutional funds

[  ] Other (specify):

H13. Scholarships and Grants

Need-based:

[X] Federal Pell

[X] SEOG

[X] State scholarships/grants

[ ] Private

[ ] College/university gift aid from institutional

[  ] United Negro College

[  ] Federal Nursing

[  ] Other (specify):

H14. Check off criteria used in awarding institutional aid.  Check all that apply.
 

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