At NYCI, we know that the financial aid process can seem a little confusing, particularly if you have never applied for student aid in the past. That’s why our financial aid advisors work with you one-on-one to help you understand financial aid and navigate through the application process. Before you even begin classes, your advisor will meet with you to discuss the various financial aid programs, assist you with your applications, and review the various options available – and of course we’re always here to help you once you start school too.
Financial Aid Eligibility
Financial aid is available to all students who are enrolled in an eligible program at NYCI and meet the basic eligibility requirements. The term “financial aid” includes grant programs and loan programs. Grant aid is awarded based upon financial need, but some student loan programs are available to all eligible students regardless of the student’s financial situation.
Financial Aid Application
The starting point for all financial aid is the Free Application for Federal Student Aid (FAFSA). The FAFSA application is available on-line at www.fafsa.ed.gov, and our Financial Aid Office will gladly assist you with the on-line application process. Once the application is submitted, it takes a day or two for the school to receive the electronic reply from the US Department of Education. The information contained in this document allows NYCI to calculate the amount of student aid each student will receive.
Upon completion of the application process, your Financial Aid Advisor at NYCI will prepare a package of financial aid for you based upon your eligibility and financial need. Your advisor will discuss the timing of aid payments, explain billing and payment procedures and can advise you about alternative financing sources.