Federal Financial Aid Student Eligibility Requirements:
To be eligible to receive Federal Financial Aid, a student must:
- Be a citizen or eligible non-citizen
- Be enrolled or accepted for enrollment in an eligible program
- Be a regular student in an eligible program
- Not owe a refund or repayment on any Title IV funds
- Sign a statement of educational purpose
- Sign a statement of registration for Selective Service (if required)
- Submit Financial Aid Transcripts from previously attended schools (as required)
- Be making Satisfactory Academic Progress (SAP)
- Must not have borrowed in excess of loan limits
- Must meet the drug conviction eligibility regulation
- Must sign Final Award Letter
Financial Aid Need Determination
A student’s financial aid need is determined by the following formula:
Cost of Attendance (COA) Budget - Expected Family Contribution (EFC) = Need
The federal methodology is used by the Central Processor to determine the EFC (the
amount the student and his/her family are expected to contribute to his/her education
based on the FAFSA).
Verification
In certain instances, the student may be asked to verify certain information on their
application. This is a federal requirement, and is determined at the time the application
is processed by the Central Processor. York University may verify other applications
if conflicting documentation is realized.
Documents which may be asked for:
- IRS tax transcripts or signed copy of tax return
- Documentation of Social Security and VA Benefits
- Documentation of untaxed income
- Verification worksheet
- Proof of Independent Status
Required verification items include:
- Household size
- Number enrolled in University
- U.S. income tax paid
- Adjusted gross income
- Child support paid
- Other documentation as needed
Documents must be submitted to the Financial Aid Office within 30 days of written
request. If a student is unable to meet the 30-day deadline, the Financial Aid Director
will make allowances on a case by case basis. If deadlines are not met, the student
may be required to make monthly payments on his/her account.
If corrections are necessary, the Financial Aid Director may submit the corrected
application electronically. If certification results in a change in aid awarded, a
new award letter will be sent to the student. York University will not disburse any
aid or certify any Federal Student Loan until the verification process is complete.
Types of Financial Aid
York University Scholarship Policy
York University Scholarships are offers made to full-time students who have special
qualities and/or talents. Institutional scholarships are awarded to students during
recruitment efforts. For the most part, excluding athletic scholarships, Departmental
Grants and Trustee Scholarships, York University scholarships are renewable to the
recipients for each semester at York University as long as SAP for financial aid is
met.
York University funded scholarships consist of both merit (non-need) and need-based
scholarships. Recommendations are given to the Director of Financial Aid for awarding.
Each applicant is first considered for all grants and scholarships for which (s)he
may be eligible. Any remaining need may be met with loans and/or campus employment
as eligibility permits.
Students receiving institutional scholarships and grants are expected to represent
York University in a positive and respectful manner. Students experiencing discipline
problems may lose scholarships based on disciplinary actions.
Satisfactory Academic Progress (SAP) is required to keep all scholarships. For renewable
scholarships, a student not maintaining SAP may apply for reinstatement of the scholarship
after one year without the scholarship. Reduction of any scholarship may be appealed
to the Scholarship Committee for review. A written letter of appeal must be submitted
to the Director of Financial Aid.
Satisfactory Academic Progress for financial aid is defined:
Cumulative GPA
- Freshmen 1.60
- Sophomore 1.80
- Junior 2.00
- Senior 2.00
Scholarships
Federal Pell Grant
This Federally funded grant is intended to be the "floor" of the financial aid package.
The recipient must maintain SAP and must not have met the academic requirements of
a Bachelor’s degree. The amount of the grant is determined based on a formula developed
annually by the Department of Education and approved by Congress. No repayment is
required. The Federal Pell Grant dollar amounts range from $0 to $6,195 in the 2019-2020
school year. Application is made by the Free Application for Federal Student Aid (FAFSA).
Federal Supplemental Educational Opportunity Grant (FSEOG)
This grant is available to Federal Pell Grant recipients that are at least half-time
students. This grant is renewable upon application to the Financial Aid Office if
the student meets satisfactory academic progress requirements and continues to demonstrate
exceptional financial need. The grant assistance does not require repayment.
Nebraska Opportunity Grant
Nebraska residents attending York University, full-time, may be eligible for this
grant. This grant is administered through the Nebraska Coordinating Commission for
Post-secondary Education. Grants for York University students’ range from $0 to $750,
depending on need and available funds. Students with Expected Family Contributions
below $5,757 (as determined by the FAFSA) and who show exceptional need are eligible
for the Nebraska Opportunity Grant. Grant amounts may be larger or smaller than the
average depending on funds available at the time the student applies.
Federal Work-Study
This employment allows students with demonstrated need to work as many as 20 hours
a week in various departments on campus. Students will need to apply for work-study
jobs. Students are advised of job assignments and number of hours to be worked each
week. Students will be released from a job for failure to do work satisfactorily.
The wage is the current minimum wage applicable to educational institutions. The dollar
amount shown by semester on the Award Letter is the maximum amount the student can
earn. All student wages are paid by check monthly. Work-study awards are part of a
financial aid package to help defray the costs of attending York University. York
University offers students the option of applying earnings to any outstanding balance
on the student’s account. The average award for the 2019-2020 academic year will be
$1,350 (4.5 hour per week).
Federal Subsidized Stafford Student Loan:
This loan is available to students with demonstrated need. This loan is actually granted
by the U.S. Department of Education; however, the application must be approved through
the Financial Aid Office. Students with demonstrated need may borrow $3,500 for the
Freshman year, $4,500 for the Sophomore year, and $5,500 per year for the Junior and
Senior years, not to exceed the aggregate of $23,000 (effective for loans disbursed
on or after July 1, 1993). The interest is paid by the federal government while the
student is enrolled at least halftime. The interest rate is set by the Federal Government.
For borrowers after July 1, 1994, the interest rate is variable. Repayment may be
made over a ten-year period, depending on the outstanding loan balance. Deferment
provision explanations are provided by the lending institutions. The dollar amount
of this loan is the gross figure on the Financial Aid Award Letter. The chart below
shows estimated monthly payments and total interest charges for 8% Stafford loans
of varying amounts, with typical repayment periods:
|
Total Indebtedness
|
Number of Payments
|
Monthly Payments
|
Interest Charges
|
Total Repaid
|
|
$2,000
|
64
|
$50.00
|
$614.60
|
$3,214.60
|
|
$4,000
|
119
|
$50.00
|
$1,972.48
|
$5,972.48
|
|
$7,500
|
120
|
$93.52
|
$3,722.07
|
$11,222.0
|
Institutional Work-Study:
Same as Federal Work-Study, but funded totally by York University.
Federal Parent Loan for Undergraduate Students (FPLUS):
This loan is available to parents through the U.S. Department of Education and can
be used only to meet the dependent undergraduate’s educational expenses.
Federal Unsubsidized Stafford Student Loan:
Students, regardless of income, will be able to obtain a student loan. The interest
rate and loan limits for the Federal Unsubsidized Stafford Loan are the same as for
the subsidized Federal Stafford Loan. A borrower may receive a combination of the
subsidized and the unsubsidized loans for the same loan period. The combined total
of both programs may not exceed the annual limits for the Federal Stafford Loan Program.
Interest begins accruing the day the loan is disbursed. The borrower is responsible
for interest that accrues throughout the life of the loan including in-school and
deferment periods. Interest payments can be paid monthly or quarterly or can be capitalized
by the lender at the request of the borrower and added to the loan principle. Students
may be denied a student loan if they demonstrate an unwillingness to repay. Students
requesting funds beyond direct costs may be asked to submit a budget for default management
purposes.
Interest rates information for the above loans can be found on our Grants and Loans page
Federal TEACH Grant:
The U.S. Department of Education’s TEACH Grant Program provides grant funds to postsecondary
students who are completing or plan to complete coursework that is needed to begin
a career in teaching, and who agree to serve for at least four years as a full-time,
highly qualified teacher in a high-need field, in a school serving low-income students.
Eligible full-time students may receive up to $4,000 per year in TEACH Grant funds,
up to a maximum of $16,000 for undergraduate. If you receive a TEACH Grant but do
not complete the required four years of teaching service within eight years after
completing the coursework for which you received the grant, or if you otherwise do
not meet the requirements of the TEACH Grant Program, all TEACH Grant funds that you
received will be converted to a Federal Direct Unsubsidized Stafford/Ford Loan (Direct
Unsubsidized Loan) that you must repay in full, with interest, to the Department.
Once a TEACH Grant is converted to a loan, it cannot be converted back to a grant.
Payments of Awards
An academic year is defined as two consecutive 16-week semesters and 24 credit hours
beginning in late August and ending in May. A payment period at York University is
considered to be one semester. Federal Grants, Scholarships, and Federal Loan awards
are credited each semester to the recipient’s account when all application, loan counseling
and registration requirements are completed. Checks requiring the recipient’s endorsement
are issued for the Federal Stafford Loans and the FPLUS Loans. Proceeds are credited
to the endorser’s account with the Business Office each semester. The student will
be notified when the loan proceeds are received from the lender. Federal Work-Study
and Institutional Work-Study checks are issued monthly for hours worked and are available
in the Business Office. Summer terms are considered part of the preceding academic
year, and any payments made for summer school are considered as such. Payments of
direct costs are considered to be made with the following priority of funds: (1) Federal
Pell Grant, (2) FSEOG, (3) State Grant, (4) TEACH Grant, (5) Outside Scholarships,
(6) Institutional Scholarships, (7) Federal Stafford Student Loans, (8) Federal Work-study,
(9) FPLUS, (10) Endowments, (11) Institutional Work-study, (12) York University Need-Based
Loans, (13) Private Loans, (14) Cash Payments.
FFEL Deferment
FFEL deferment for service under Peace Corps Act, Domestic Volunteer Service Act,
other volunteer tax-exempt community service
Satisfactory Academic Progress Requirements
Federal legislation governing the administration of the Federal Pell Grant, the Federal
Supplemental Education Opportunity Grant (FSEOG), the Federal Work-Study Program (FWS),
the Federal Stafford Loan, the Federal Parent Loan for Undergraduate Students (FPLUS),
and the Federal Unsubsidized Stafford Loan requires that eligible institutions define
and enforce standards of progress for students applying for and/or receiving financial
aid. To comply with that legislation, the following standards have been established
at York University. All applicants for the above mentioned forms of financial aid
as well as all state and institutionally funded programs must meet these standards
to be eligible.
Full-time students seeking an Associates degree normally acquire the number of credit
hours necessary for graduation in four semesters. A full-time student is one who is
enrolled for 12 or more credit hours a semester. The maximum time frame allowed for
completion of an Associate degree is six semesters. This limit is prorated for longer
periods of time for students enrolled as three-quarter or half time students. Transfer
student’s credits and GPA are calculated by the registrar and these students have
150% of the published time to complete their degree based on the number of credits
transferred in to York University. York University allows for one recalculation because
of a change in major.
Those seeking a Baccalaureate degree are allowed a maximum of twelve semesters for
degree completion. Students should accumulate an average of 16 credit hours every
semester to graduate in eight semesters.
Minimum standards require the following cumulative Grade Point Averages:
|
Cumulative Credit Hours Earned
|
Cumulative GPA
|
|
1-27 hours
|
1.60
|
|
28-59 hours
|
1.80
|
|
60 hours & above
|
2.00
|
Full-time students must successfully complete at least 20 credit hours each academic
year. Credit hour requirements are prorated for students enrolled as three-quarter
or half time students. Three-quarter time student is defined as 9, 10, or 11 hours
of enrollment per semester. Half time is defined as 6, 7, or 8 hour of enrollment
per semester. For example, part-time students enrolled on a three-quarter time basis
(9, 10, or 11 semester credit hours) must have successfully completed at least 9 credit
hours each semester. Part-time students enrolled on a half-time basis (6, 7, or 8
semester credit hours) must have successfully completed six credit hours each semester.
Withdrawals from class are considered to be "Hours Attempted" but are not considered
"Hours Completed". Repeat classes are not considered in "Hours Completed" for SAP.
At any time a student does not successfully complete the appropriate complement of
hours (non-inclusive of repeat course work), (s)he will be considered to not be making
SAP, and all probationary and termination standards apply. Official course withdrawals
do not change enrollment status. This has no effect on academic probation.
SAP is checked at the end of each spring semester.
A student is considered to be on Financial Aid Suspension with Appeal (loss of ALL
financial aid including institutional, state, and federal) if:
- The student is full-time and does not complete 20 credit hours
- The student has completed 1-27 credit hours and does not have a 1.6 GPA*
- The student has completed 28-59 credit hours and does not have a 1.8 GPA*
- The student has passed at least 60 credit hours and does not have a 2.0 GPA*
*Career GPA
A student who has been denied financial aid because the above requirements were not
met may appeal that decision as follows:
Only unusual circumstances, such as undue hardship caused by a death of a relative,
illness or injury experienced by the student or other special circumstances would
justify an appeal for federal aid. An appeal for YU scholarships may be made for other
reasons. A student must contact the Director of Financial Aid for an appeals form
that they will complete and return to the Financial Aid Office along with any necessary
documentation (i.e. documented personal family emergency or documented medical problems).
All appeals will be reviewed by the Financial Aid Leadership Team and the student
will be informed of the action taken. The decision of the Financial Aid Leadership
Team shall be final.
If an appeal is approved by the Financial Aid Leadership Team, financial aid will
be reinstated for the term in question on a probationary status. The student must
set up an academic plan with the Financial Aid Office outlining how they plan to reach
SAP while on probation. If a student does not meet SAP, appeals, and is put on probation,
their grades will be checked at the end of the fall semester to ensure they are reaching
the SAP requirements.
A student is considered to be on Financial Aid Suspension without Appeal (loss of
ALL financial aid including institutional, state, and federal) if the student was
on financial aid probation the previous year and does not reach SAP for a second time.
If a student is denied financial aid due to lack of academic progress, courses must
be taken at the student’s own expense until the minimum requirements are met. The
student’s credit hours and cumulative GPA will be checked at the end of each semester
to determine if they have reached the minimum requirements. Failure to attain the
minimum requirements will cause the student to be ineligible for any further financial
aid. All students who are denied financial aid but choose to re-enter York University
will do so on a probationary status and must have the permission of the Business Office.
Academic scholarships are awarded annually and reviewed at the end of each spring
semester. In order to receive an academic award, students must maintain a GPA that
meets the academic scholarship requirement. (See chart below) If a GPA falls below
the requirements for the academic scholarship, the scholarship will be reduced or
removed. Reduction of any scholarship may be appealed to the Financial Aid Leadership
Team for review. A written letter of appeal must be submitted to the Financial Aid
Office.
|
Academic Scholarship
|
|
|
Trustees Scholarship
(GPA 3.75+/ACT 33-36/SAT 1490-1600)
|
$6,500
|
|
Larsen Scholarship
(GPA 3.50-3.74/ACT 30-32/SAT 1390-1480)
|
$5,000
|
|
Childress Scholarship
(GPA 3.25-3.49/ACT 27-29/SAT 1280-1380)
|
$4,000
|
|
York Scholarship
(GPA 3.00-3.24/ACT 24-26/SAT 1160-1270)
|
$3,500
|
Graduate Satisfactory Academic Progress
Federal legislation governing the administration of the Federal Pell Grant, the Federal
Supplemental Education Opportunity Grant (FSEOG), the Federal Work-Study Program (FWS),
the Federal Stafford Loan, the Federal Plus Loan for Graduate Students), and the Federal
Unsubsidized Stafford Loan requires that eligible institutions define and enforce
standards of progress for students applying for and/or receiving financial aid. To
comply with that legislation, the following standards have been established at York
University. All applicants for the above mentioned forms of financial aid as well
as all state and institutionally funded programs must meet these standards to be eligible.
Full-time students seeking a Graduate degree normally acquire the number of credit
hours necessary for graduation in six semesters. A full-time student is one who is
enrolled for 6 or more credit hours a semester. The time frame is extended for longer
periods of time for students enrolled as three-quarter or half time students. York
University allows for one recalculation because of a change in major.
Students in the graduate program will earn a GPA average of 3.0 or above in all coursework
in order to graduate. Students may continue to receive financial aid with a GPA of
a 2.5 and by completing a minimum number of hours by the end of their 3rd, 6th, 9th,
and 12th semesters based on full or part time status.
Hours needed by the end of each semester:
|
Semester
|
1st
|
2nd
|
3rd
|
4th
|
5th
|
6th
|
7th
|
8th
|
9th
|
10th
|
11th
|
12th
|
|
Full Time
|
3-12
|
3-12
|
12
|
12-24
|
12-24
|
24
|
24-36
|
24-36
|
36
|
Value
|
|
|
|
Part Time
|
3-9
|
3-9
|
9
|
9-18
|
9-18
|
18
|
18-27
|
18-27
|
27
|
27-36
|
27-36
|
36
|
Transfer credits that count towards a student’s current program will be counted as
both attempted and completed hours. Student’s may change majors one time for SAP purposes.
The Rights and Responsibilities of Students Receiving Financial Assistance
- Financial aid applicants have the right to fair equitable treatment in the awarding
of all financial assistance.
- All applicants will be treated in a non-discriminatory manner with respect to financial
aid awards.
- Applicants have the right to appeal any decisions made in regard to their eligibility
for financial assistance.
- Financial aid is not automatically renewed. Application for aid must be made prior
to each academic year.
- Financial aid recipients must maintain SAP toward program completion according to
the standards and practices of York University.
- Any student required to register with the Selective Service must do so to be eligible
for financial aid.
- Financial aid recipients must sign a Statement of Educational Purpose and a Certification
Statement on Refunds and Defaults.
- Any aid received from sources other than York University must be reported to the Financial
Aid Office. Other financial assistance may reduce awards eligibility from York University.
- Falsification of information on any part of the financial aid application will result
in cancellation of aid, the return of all aid improperly received, and referral to
the appropriate judicial body.
- Financial aid applicants who have attempted college level study must meet all SAP
requirements before any financial aid will be awarded, although no financial aid was
received during a period of prior enrollment.
- Financial aid adjustments can be made as necessary if the student drops or adds hours
during the semester.
- It is the obligation of the student to notify the Financial Aid Office upon withdrawal
form York University.
- The student and his/her family are solely responsible for paying any remaining balance
due York University. Arrangements for payments can be made only through the York University
Business Office.
- Financial aid recipients are responsible for repaying any funds received that cannot
reasonably be related to attendance at York University. The amount of repayment will
be based on regulations established by the U.S. Department of Education.
- Failure to comply with the above policies may result in the loss of financial aid
eligibility.
