Student Financial Services

home > admission > student financial services

FAQs

General Questions

Q. How do I qualify for financial aid?

A. In order to qualify for financial aid you will need to complete the FAFSA as soon as possible. The priority deadline for Marist is February 15th. Marist College will provide the student with an award package based on the EFC (Estimated Family Contribution) stated on the SAR (Student Aid Report), which you should receive approximately 2-3 days after you file your FAFSA*.

*If completed online.

Q. What financial aid forms do we need to file?

A. In order to qualify for federal, state or Marist College funding, we require that you file the Free Application for Federal Student Aid (FAFSA) and your state's grant application, if applicable. If selected for verification, we will request additional documentation.

Q. How do I receive my financial aid?

A. Your aid will be credited to your student account at the beginning of each semester. For programs such as TAP and Pell Grants, we will credit these awards to your account after our office receives the necessary documentation required for New York State and the federal government.

Q. Will my financial aid remain the same in future years?

A. As long as your family's financial situation remains essentially the same (income, number of family members, number enrolled in college), you may expect your Marist College Grant to remain at the same level. It is expected, however, that the amount of the loan in your aid package will increase each year. Students who continue to make satisfactory academic progress, demonstrate financial eligibility, and meet filing deadlines, will continue to receive assistance.

Q. Is it possible to appeal the financial aid awarded?

A. If your circumstances have changed or if you feel you have unusual family circumstances, such as: loss of employment, separation or divorce, or death of a parent, that are not adequately reflected on your aid application, you may appeal your award, in writing, by completing the Change of Financial Circumstances FormPDF. However, please be aware that funding is limited, and the strong possibility exists that we will not be able to increase your award.

Q. What is an external grant on my award package?

A. These funds are not awarded by the Federal or State governments or by the College; but they are required to be included in the financial aid package according to federal regulation. Examples of external grants include tuition benefits from a parent's employer and grants or scholarships provided by private organizations.

Q. Do I need to do notify Marist if I receive outside financial assistance, such as scholarships, grants, loans (other than student loans), or tuition reimbursement?

A. Yes, you should report any and all additional financial assistance to the Office of Student Financial Services. It may affect the amount of your aid package.

Q. When do I have to pay my tuition bill?

A. The Office of Student Financial Services will send your billing statement for the Fall semester in July and the spring bill in December.

Q. Does Marist College have a payment plan?

A. Yes, we offer an interest free payment plan, which begins in June. The payment plan is offered through Sallie Mae, TuitionPay.

Q. What should I do, if I do not plan on returning to Marist for the following semester?

A. You should contact the Center for Advising & Academic Services at (845)575-3500. You are also required to complete Exit Counseling if you have taken out a Stafford Loan, and to contact the Office of Student Financial Services to complete an Exit Interview if you have taken out a Perkins Loan.

Q. What if my parents do not contribute towards my education?

A. In order to file the FAFSA as independent, the Federal Regulations state that you must:

  1. Were you born before January 1, 1983?
  2. At the beginning of the 2008-09 school year, will you be working on a master's or doctorate program?
  3. As of today, are you married?
  4. Do you have children who receive more than half of their support from you?
  5. Do you have dependents (other than your children and spouse) who live with you and who receive more than half of their support from you, now and through June 30, 2009?
  6. Are both parents deceased or are you a ward/dependent of the court?
  7. Are you a veteran of the US Armed Forces?

If you do not meet these conditions, your parents must provide their information even if they will not contribute financially towards your education. You may want to consider a private loan to cover your expenses.

FAFSA Questions

Q. What is Marist College's Federal School Code?

A. Marist College Federal School Code is 002765.

Q. What if I forget my pin number for FAFSA?

A. You can request a duplicate pin number through FAFSA.

Q. What is the Financial Aid deadline to file a FAFSA for incoming Freshman?

A. The Marist College preferred deadline to file FAFSA is February 15th.

Q. Do I need to complete a FAFSA every year?

A. Yes, in order to verify eligibility for any financial aid.

Q. How do I make corrections on my FAFSA?

A. Go online to FAFSA with your pin, and make any necessary changes.

Questions Regarding Loans

Q. How do I reject a partial or full amount of my Stafford Loan?

A. If you do not want to take the Stafford Loan, or you only want to take a portion of the loan awarded to you, you may notify our office by sending an email with the student's name and date of birth to Studentfinancialservices@Marist.Edu.

Q. How do I track my student loans?

A. There are many companies that offer websites to track your student loans. Some of the ones we recommend are listed below:

  1. Access "NSLDS" National Student Loan Data System at: http://www.nslds.ed.gov.
  2. Access "Meteor Data" a Salliemae product for loan tracking at: http://www.salliemae.com/marist.
  3. Access "Loan Locator" through the National Student Clearing House at: www.nsic.org.

Questions Regarding Work Study

Q. How will I find a Work-Study job?

A. During the first week of school, a job fair will be held to enable new incoming work study students to find employment.

Q. How would I find employment after the Job Fair?

A. The student employment website, www.marist.edu/financialaid/studentemployment, offers a listing of all available jobs, both on and off campus throughout the year. You may also contact our office to meet with a Student Employment Representative.

Q. If I am not awarded work study, will I still be able to work on campus?

A. Yes, A student can either work on-campus through our Federal Work Study Program or through Campus Employment. The only restriction is that the first 2 weeks of the Fall and Spring semesters are reserved for the hiring of work-study students ONLY, unless special circumstances exist.

Questions Regarding Scholarships

Q. Do you offer non-need-based scholarships?

A. Yes, Marist offers several types of scholarships: Presidential Scholarship, Marist College Scholarship, Hudson Valley Scholarship, and Red Fox Scholarship to high achieving students who have shown academic excellence as well as demonstrating leadership and community involvement. These scholarships, which are awarded upon entrance, can range from $4,000 to $12,000 and are renewable each semester as long as the minimum 2.850 cumulative Grade Point Average is met. New students at Marist are given their initial term as a grace period to achieve the necessary academic index.

Q. What help is available to me if I do not qualify for any scholarships or other forms of aid?

A.

  1. You can borrow money under the Federal Unsubsidized Stafford Student Loan Program, and principal repayment will not begin until after you graduate.
  2. Parents can borrow money up to the cost of their child's education, under the Federal Parent Loan for Undergraduate Students Program (PLUS).
  3. You can borrow money through Private Loans. These are not based on financial need. However, creditworthy students may borrrow up to the cost of attendance minus other financial aid.
  4. You can participate in TuitionPay, which is an interest free payment plan offered by Sallie Mae. This 10 month plan begins in June and works well for families who can't afford the entire tuition bill at one time.

Q. How do I apply for TAP?

A. Once you have filed your FAFSA, if you are a NYS resident, you will be sent an Express TAP Application (ETA), which you must sign and return. Please note that students who received TAP in prior years may not be required to complete and ETA. To check your status, visit www.hesc.com.

Q. What is Marist College's State Code?

A. The Marist College New York State Code for TAP (Tuition Assistance Program), for Undergraduate Students is 0440, and for Graduate Students is 5045.

edit

Related Information:

  • School Code: 002765

Student Financial Services
Donnelly Hall 200
1.800.436.5483 or
845.575.3230
Fax 845.575.3099
Hours of Operation:
Open Monday - Friday
8:30 - 5:00