Financial Aid Davis College seeks to offer quality education and services at the lowest possible cost to students. The cost of education students are required to provide is only a fraction of the total funds needed for each student. Davis depends on the sacrificial gifts of alumni, churches, and friends of the college to provide quality education and services at the lowest possible expense to the student. The cost of obtaining a college education is of great concern to Davis College and to the student. The office of financial aid is in place to assist students in the application and planning process. Students who are non-matriculated or enrolled in dual enrollment classes are not eligible for financial aid. There are various means whereby students may finance their education. The following are some of the options available to students at Davis College. Contact the office of financial aid at 607.442.4878 or financialaid@davisny.edu. FINANCIAL AID APPLICATION PROCESS 1. Visit fafsa.ed.gov to complete the Free Application for Federal Student Aid (FAFSA). Enter Davis’s school code (015291). Obtain an FSA ID to sign the FAFSA electronically (this will accelerate processing time). 2. The data from the FAFSA will be analyzed and the results will be sent in a Student Aid Report (SAR). The Office of Financial Aid will also receive a report of the data. The information will be used to determine each student’s financial aid package. 3. New York State residents should also apply for the TAP grant at www.hesc.ny.gov. The TAP grant is available to qualifying students enrolled in approved programs for a maximum of six full-time semesters. (See NYS TAP for more information.) 4. Students can apply for scholarships by completing the application form on the website at www.davisny. edu/scholarships. 5. In addition to the FAFSA, if an application has been selected for verification, the Office of Financial Aid requires that the IRS data retrieval tool be used on the FAFSA or an IRS tax transcript be sent. An institutional verification form is also required. The Office of Financial Aid will contact students if they have been selected for verification. 6. Students interested in taking out Direct Student Loans for the first time should visit studentloans.gov and complete Entrance Counseling and a Master Promissory Note. NOTE: A direct loan cannot be originated until these steps are complete. Completing Entrance Counseling and a MPN does not obligate students to accept a loan. Important Deadlines To ensure that there is enough time for processing paperwork for grants, loans, and scholarships, students should apply for financial aid by July 15 for the fall semester and by November 15 for the spring semester. Students are responsible to make all required payments at registration according to the guidelines outlined in the financial information section of this catalog. Students will be refunded by the amount of financial aid that subsequently arrives and constitutes an overpayment. FEDERAL GRANTS Pell Grants – The Pell Grant Program is an income-based Title IV Federal Student Aid program. Pell Grants provide money to help students pay for their education after high school. Unlike loans, grants do not have to be paid back. The Pell Grant is available to undergraduate students enrolled in at least three credit hours in a matriculated program leading to graduation. To apply for the Pell Grant, students must submit the Free Application for Federal Student Aid (FAFSA). The Pell Grant is awarded as directed by the Department of Education to income eligible students.
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FINANCIAL AID
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