If students do not possess one of the documents described above, they are not eligible to receive United States government Title IV financial aid. For more clarification, see the guidelines for non-citizens at studentaid.gov.
Net Price Calculator The Net Price Calculator is available at davisny.edu/admissions/financial-aid/net-price-calculator/ for prospective students to use to estimate the net price they may owe for tuition, room and board, and their own miscellaneous expenses while enrolled. Please note that this calculator uses estimated average aid for students in certain income ranges and actual financial aid awarded could be more or less. Refund Policy If students withdraw from Davis College before completing 60% of the semester, federal funds may need to be returned to the US Department of Education or to a student loan lender. Federal fund amounts to be returned are based on the percentage of time completed. The office of financial aid uses the formula established by the US Department of Education to determine the amount of funds to be returned. Students will be notified by email of any changes to their federal financial aid due to withdrawal. Veteran tuition assistance funds may also need to be returned if the student completes less than 60% of the semester. State aid awards are recalculated by NYS based on tuition charges incurred by the students. Institutional aid is forfeited if students withdraw from all courses during the refund period. Students who withdraw after the last day for a refund can keep all institutional aid already awarded. Returning funds often results in students owing a significant amount of money to Davis College. Change in Enrollment Status If students change the number of credits enrolled in (either an increase or decrease) during the semester resulting in changes to financial aid eligibility, financial aid will be recalculated up through the end of week 4 for 15 week courses or through the end of week 2 for 8 week courses. For any other length course, no recalculations will be made after the last day students are eligible to receive a partial tuition refund. After this point, no changes to the enrollment status for financial aid purposes will be made.
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FINANCIAL AID
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