Aid for Part-Time Study (APTS) New York State residents enrolled part-time as matriculated students may qualify as long as they have not exhausted TAP eligibility and qualify based on income. A separate application is required which is available in the Financial Aid Office. To be eligible a student must apply for Pell and have completed six credits.
Other N.Y. State Programs Children of deceased or disabled veterans, police officers, and firefighters may be eligible for $450 grants for up to four years of undergraduate study. Contact the N.Y.S. Higher Education Services Corporation (HESC) in Albany, N.Y. for more information and an application .
States Other than New York Students attending the College of Mount Saint Vincent from a state outside of New York such as Rhode Island, Vermont, and Maryland should apply to their state scholarship programs. Students from some states can use their state scholarships at our college.
Verification Students whose applications for Federal aid are selected for verification will have to provide the Financial Aid Office with documentation of prior year income (such as federal tax returns, agency benefit statements, etc.), verification of the number in the family, and number in college. The verification process will have to be completed before estimates of aid as shown on the initial award letter can actually be disbursed and before student loan applications can be processed. Discrepancies in the information provided on the FAFSA and the verification documents will have to be resolved and the necessary corrections resubmitted to the federal processor for a recalculation of the needs-analysis which is used for determining eligibility for federal aid? A revised award letter listing actual awards will be sent to the student. A Pell Grant may not be disbursed if the Financial Aid Office does not have a valid Student Aid Report (either paper or electronic) by the last day of class. Failure to provide the requested documentation in a timely fashion will result in the revocation of financial aid awards.
Return of Title IV Funds Policy
Any student receiving federal aid who withdraws from school in the early weeks of the semester is only eligible for a portion of the federal aid which was originally awarded.
That portion is a percentage earned based on actual days in attendance for the semester in question. Unearned portions will have to be refunded to the various federal programs. Refunds to these programs will be allocated in the following order:
1. Federal Unsubsidized Stafford Loan
2. Federal Subsidized Stafford Loan
3. Federal Perkins Loan
4. Federal PLUS
5. Federal Pell Grant
6. Federal SEOG
7. ACG grants
8. National SMART grants
Satisfactory Academic Progress Standards for Federal Aid Recipients
Federal regulations require that a student have a cumulative G.P.A. of 2.0 or better at the end of the second academic year. Furthermore, students are allowed 150% of the published time to complete degree requirements and still receive Federal aid. This means that, at minimum, a student must complete credits as shown in this chart:
Acad. Yrs. Completed
1 2 3 4 5 6
Number of credits successfully completed
B.A. 15 30 51 72 96 120
B.S. 15 30 54 78 102 126
At the end of each academic year the credits earned and the G.P.A. of each Federal aid recipient is reviewed. Failure to meet the minimum requirements will result in the suspension of financial aid eligibility. A student may appeal the suspension of aid, in writing, and explain any extenuating circumstances that may have contributed to the unsatisfactory performance.
The Director of Financial Aid will review the appeal and make a determination whether another semester of financial aid, on Probation, should be granted.
Satisfactory Academic Progress Standards for State Aid Students receiving TAP must fulfill two requirements in order to receive the next
semester’s TAP award:
1. satisfactory academic progress
2. pursuit of program.
At the end of four semesters of TAP, a student will have to have earned a cumulative G.P.A. of 2.0 in order to be eligible for TAP in subsequent semesters. In addition, a student must demonstrate progress toward completion of the program by meeting the minimum criteria listed below:
2nd payment -student must have completed at least 6 credits (50% of minimum 12 credits) during the semester of first TAP payment
3rd payment - student must have completed at least 6 credits (50%) during the prior semester.
4th payment - student must have completed at least 9 credits (75%) during the prior semester.
5th payment - student must have completed at least 9 credits (75%) during the prior semester.
6th payment - student must have completed at least 12 credits (100%) during the prior semester.
7th payment - student must have completed at least 12 credits (100%) during the prior semester.
8th payment - student must have completed at least 12 credits (100%) during the prior semester.