Financial Services Information

Tuition is set by the SUNY Board of Trustees and not at the college level. Fees for services that cannot be offered will be adjusted, including some course fees that would not be applicable due to modification of course delivery.

Fees for services that cannot be offered will be adjusted, including some course fees that would not be applicable due to modification of course delivery.

 

Yes, housing charges will be prorated based on each student’s housing start date and the housing end date of November 24.

The housing deposit will be applied toward your tuition charges, but a student is able to request a refund if they choose instead. Students should watch their email for more information.

Out of state tuition grants will be honored for up to one year. If you do not enroll for the fall 2020 semester, but enroll in spring 2021 or fall 2021, you will still be eligible for your out of state tuition grant, if you are still considered an out of state student for residency purposes at the time of your registration.

Scholarships are awarded for the academic year, half of the award is for the fall semester and half is for the spring semester. If you return in spring 2021, you will still be eligible for the spring 2021 portion of your scholarship.

Scholarship funding is provided by the Purchase College Foundation through donors and other fundraising. Availability of these funds and scholarship awarding are evaluated on an annual basis. Students are reviewed for scholarship awards in the spring of each year for the upcoming academic.

Students will need to reapply for federal and state financial aid for 2021/2022 by completing the Free Application for Federal Student Aid (FAFSA). Students who take a gap year but intend to return should start the 2021/2022 FAFSA process in October of 2020.

Under current Excelsior guidelines, students who take a leave of absence for fall 2020, or for the full year, will no longer qualify for the Excelsior Scholarship. However, due to the COVID pandemic, guidelines may be adjusted. We are waiting for final guidance from the New York State Higher Education Services Corporation.

There is an appeal process that you can file with the New York State Higher Education Services Corporation and provide documentation.

Continuing students who already have been awarded the Excelsior Scholarship do not have to reapply. New students will have to apply when the application is available. The New York State Higher Education Services Corporation has not made the 2020/2021 application available at this time.

Due to COVID-19 the CARES Act that was signed into law on March 27, 2020. As part of this law, students and parents currently in repayment of federal student loans have been automatically placed in an administrative forbearance stopping all payments from March 13, 2020 through September 30, 2020. You can read more regarding this on the Federal Student Aid Website.

Students who attended in spring 2020, but will not enroll in the fall 2020 semester, have a six month grace period before loans go into repayment. The six month grace period begins from your last date of attendance in the spring. If you attended in spring 2020 and finished the semester, you would be expected to start repayment of your federal student loans during November 2020.

However, students have options to repay these student loans or request deferment/ forbearance depending on your circumstance. To arrange this you will contact your Federal Loan Servicer. To identify your own Federal Loan servicer and to review the federal loans you’ve borrowed to date please do the following:

• Visit the federal student aid website and log in with your FSA ID.
• The screen that appears will display your total loan balance and grants.
• Click on the View loan servicer details text at the bottom right hand side of this box to view your federal loan servicer.
• You can also click on View Details text to review each loan you’ve borrowed to date.

The last day to drop courses without any liability is August 30 for the fall 2020 semester. Students receiving financial aid grants and loans should speak with Student Financial Services to understand how financial aid is affected. Federal financial aid guidelines require portions of grants and loans to be returned if a student withdrawals or takes a leave prior to the ninth week of the semester and could leave the student with balance due out of pocket. The full refund policy is here.

This refund policy applies to all students regardless of the reason for withdrawal (personal, medical, academic, official withdrawal). Students who, for disciplinary reasons, are dismissed (suspended or expelled) from the college or removed from campus housing, are not entitled to a refund at any time.

Yes, students who are on campus and those who are taking classes remotely will have an opportunity to work and earn college work study.

Jobs are posted by supervisors on JobScore.

We anticipate that we will release the ebill (electronic bill) by August 1. The ebill will list the charges, payments, and financial aid estimates at the time of billing for the fall 2020 semester.

Due to CDC guidelines from the state, we must reduce density on campus so only students that have required in-person classes will be allowed to live on campus in the fall.