Apply for Financial Aid
Below we list the most common sources of financial aid and would encourage you to apply as early as possible as it may take several weeks to determine your eligibility.
The federal government is the largest source of financial aid. Financial aid from the federal governments includes grants, loans, and work study funding.
- Make sure the student and parent both have set up a federal student aid (FSA) ID online at: https://studentaid.gov/fsa-id/create-account/launch
- Have the student and parents federal taxes from two years ago handy.
- Submit your Free Application for Federal Student Aid (FAFSA) including SUNY Purchase College ( school code: 006791).
- FAFSA applications normally process within 2-3 business days and are sent to each college listed.
- A valid FAFSA record must be received prior to the last day of attendance by the student. In other words, Student Financial Services needs a valid FAFSA record either by the official last day/end of classes for the term or by the student’s own end of attendance (if they left before the final day), whichever happens first.
The types of financial aid available vary from state to state and can include scholarships, grants, and loans. States establish the eligibility criteria for their aid programs. A common criterion is state residency. Below are the applications for New York State Residents:
NYS Tuition Assistance Program (TAP) Our school code is 0970 and we are listed as SUC at Purchase.
- Completing a FAFSA generates an express TAP application that you can complete at: https://www.tap.hesc.ny.gov/totw/
- NYS Excelsior Scholarship program
- NYS DREAM ACT
Many college’s offer institutional aid generally award it at their discretion. Purchase College does award scholarship funding. There is no separate application, and students are reviewed upon admittance for scholarship funding. Details can be found on our Institutional Scholarship webpage.
A final source of financial aid is private aid, available from individuals or groups such as community or civic organizations, associations, clubs, churches, foundations, and businesses. Private aid donors often develop their own application and eligibility criteria and procedures.
Assistance in Obtaining Institutional or Financial Aid Information
HEA Sec. 485(a)(1)-(2) (20 U.S.C. 1092(a)(1)-(2)). Not changed by HEOA. 34 CFR 668.43, 34 CFR 668.44. October 28, 2009 FR notice (revised 34 CFR 668.43)
Each institution must make available to prospective and enrolled students information regarding how and where to contact individuals designated to assist enrolled or prospective students in obtaining the institutional or financial aid information required to be disclosed under HEA Sec. 485 ( a ). This information is posted on Purchase College’s website via the links set forth below. Paper copies are available upon request from the individuals and offices listed in the relevant sections below.
How to fill out the FAFSA
Updating Your FAFSA
A helpful guide to updating your FAFSA with your IRS tax information, which will be required for approximately 33 percent of students.