Anticipated Aid (deferral) is a non-cash credit posted to your account representing loan, scholarship, or other money that is expected to be paid on your behalf. Anticipated Aid reduces the balance due on your account. Aid not paid within 30 days following the first day of the semester will be cancelled, and the resulting balance, if any, is then your responsibility.
Approved financial aid processed by the University's Office of Financial Aid (and other appropriate University offices) or the NYS Higher Education Services Corporation and transmitted to the Office of Student Accounts is reflected on your invoice. All requests for additional anticipated aid credits must be accompanied by evidence of the actual amounts awarded.
College Work-Study earnings are paid directly to you and may not be used to defer payment of charges on the invoice.
The most common types of aid are listed below with a description of the acceptable evidence to defer payment of charges for each.
1. TAP (NYS Tuition Assistance Program)
A current academic year NYS Higher Education Services Corporation TAP Award Certificate bearing a school code of 0895 if you are an undergraduate student or 5390 if you are a graduate student. Estimated TAP listed on your financial aid award letter may NOT be used to defer payment of your charges. Prior terms' awards may not be used for the current term. TAP may be used to defer payment only for the term the TAP was awarded. An undergraduate student must be registered for at least 12 credits in order to be eligible for and defer payment against TAP.
Information concerning how to apply for a TAP award is included on NYS Higher Education Services' website WWW.HESC.COM. Click on Applying for Aid; then click on "TAP." You may also download a TAP Change Form online from this site!
2. Pell Grant
Your University at Albany Financial Aid Award letter listing a Pell award.
3. Perkins Loan
Continuing students who have previously received a Perkins Loan but have not signed a Master Promissory Note (MPN) must do so at the Office of Student Financial Services, Billing Counter (CC26) before this aid can be credited to their account. New students and continuing students who are receiving a Perkins Loan for the first time must complete their Electronic Master Promissory Note (EMPN) online by going to http://slsc.albany.edu/ and selecting the "Entrance Interview and Promissory Note" link. For information regarding student borrowers' rights, responsibilities, benefits, and billing, visit the SUNY Student Loan Service Center's web page titled Guide for Borrowers.
4. Stafford or Parent (PLUS) Loan
The appropriate loan notice from the lending institution or NYS Higher Education Services Corporation or your University at Albany Financial Aid Award Letter.
Loans disbursed by a lender's hardcopy check must be endorsed by the student (or parent in the case of PLUS loans). Students may endorse checks at the Office of Student Accounts, Bursar counter (CC 26). PLUS Loan checks will be sent to the parent for endorsement and must be returned to the Office of Student Accounts within ten days of receipt of check.
Please note that due to bank origination and guaranty fees, only 97% of one half the annual award will be reflected as anticipated aid on your invoice.
If you're getting a Stafford Loan for the first time at UAlbany, the Federal government requires that you complete a student loan entrance counseling session prior to receiving a Stafford loan. (Stafford Loan entrance counseling at another college does not count. You must have one at UAlbany.)
To complete your entrance counseling requirement, visit the "Mapping your Future" web site and click on the Student Loan Counseling Interview/Stafford Entrance box. Upon successful completion of the counseling session, you must complete the online form. This form will then be sent to us electronically, confirming that you have met the loan entrance counseling requirement. After we receive this confirmation and your loan funds are received by the University, your loan will be applied to your account if you have met all other eligibility requirements. You need to complete a Stafford Loan entrance counseling session only once while attending UAlbany.
If you are unable to complete this counseling session online, you may visit the Student Accounts Bursar counter (CC 26) to receive your counseling.
5. Private Scholarships and Grants
A letter from the donor organization that includes the name of recipient, the amount of each semester's award, and the period of study for which the award is granted must be submitted to the Office of Student Accounts prior to the payment due date of your first invoice. Scholarships paid directly to you may not be used to defer payment of charges on your invoice.
6. Waivers
Note: Graduate student scholarships, stipends, and tuition support programs may impact the amounts of your financial aid awards. If you are receiving financial aid, advise the Office of Financial Aid immediately of any other scholarships, stipends, or tuition support you are receiving.
The University fee, comprehensive service fee, activity fee, athletic fee, and graduate organization fee are not covered by graduate student scholarships or tuition support programs and MUST BE PAID BY THE STUDENT.
- Graduate Assistants/Fellows/Interns
Your approved scholarship must be on file in the Office of Student Accounts in order to defer payment of tuition charges covered by the scholarship.
New York State residents must file a valid TAP application with the NYS Higher Education Services Corporation or file a statement of TAP ineligibility with the Office of Student Accounts. Scholarship amounts will be reduced by the maximum graduate TAP award until a TAP award determination has been made by Higher Education Services or an ineligibility form has been filed with the Office of Student Accounts. If you do not complete this process prior to the payment due date of your initial invoice for the semester, you will be subject to late payment fees and holds will be placed on your University records. Graduate Tuition Scholarships cover tuition for graduate-level courses only.
- Cooperating Teacher/Social Welfare Field Supervision Tuition Waiver Certificates
Your waiver certificate must be RECEIVED by the University's Office of Student Accounts no later than the certificate expiration date and must expire on a date no earlier than the first day of classes of the term for which the certificate is being redeemed. Certificates received after the expiration date will not be honored or returned to you. Cooperating Teacher Certificates that have been transferred must be signed by all appropriate parties in order to be valid. Incomplete transferred certificates will not be honored and will be returned to you. Social Welfare Certificates are not transferable.
Please refer to your certificate for additional information regarding redemption regulations.
- SUNY Employee Tuition Waivers
An approved copy of your waiver application (B-140W) must be on file in the Office of Student Accounts or be presented no later than the payment due date of your first invoice.
- UUP Employee Tuition Waivers
Please return the completed ECRP Tuition Adjustment Request form (available in the Registrar's Office, CC 25) after you register but no later than the payment due date of your first invoice. Be sure to include your payment for mandatory fees and any tuition not covered by this waiver when you send in your invoice and ECRP form. If you are registering under this program you must register for the course during the designated "ECRP Registration Period." The Late Registration fee will be adjusted off your account when the Office of Student Accounts receives your completed ECRP form.
- PEF and LEAP Tuition Voucher Programs
Your approved voucher and payment of all tuition and fees not covered by your voucher must be received by the Office of Student Accounts no later than the payment due date of your first invoice for the semester. Late receipt of a voucher or payments due will result in the assessment of late payment fees and placement of a hold on your University records.
