The Office of Financial Aid Administration
reporting to the Vice President for Enrollment Management, Dr. William Bisset
General Financial Aid Information
Manhattan College provides the maximum financial aid available to qualified students to make their attendance at Manhattan financially possible. To this end, the College administers a wide range of scholarship and financial aid programs designed to enable the student to pursue his/her studies to graduation. The basis of selection is ability and/or need.
Meeting the complete costs of college requires a cooperative effort from several possible sources of funds: student and family, Manhattan College, state and federal government agencies and independent sources of aid. Manhattan College attempts to meet a significant portion of need but is unable to meet full need due to financial limitations.
After a student files the FAFSA, the Federal Student Aid program performs a needs analysis service which computes the expected family contribution (EFC) toward educational costs (Read more: About the FAFSA). Manhattan College then determines financial need based on the total cost of attendance (COA) at the college. Manhattan College deducts the family contribution as determined by the FAFSA from the total cost of attendance to calculate financial need.
All attempts are made to help meet some of this need (also known as the gap) with a combination of:
- gift (scholarships and grants from Manhattan College, federal and state grant programs and outside scholarships)
- loans (Federal Stafford and Perkins)
- student employment programs (federal work study and campus employment).
Any special circumstances should be submitted in writing. A thorough review will be conducted, but additional aid is not guaranteed.
Students admitted to the College and demonstrating financial need will receive a financial aid assistance offer in the form of a financial aid award letter from the Admissions and Financial Aid office. Most financial assistance is based on an assessment of your financial need. Need is the difference between your total cost of attendance (tuition, fees, room and board, books, miscellaneous/personal expenses and transportation) and what your family can reasonably be expected to pay toward those expenses (determined by the EFC result of FAFSA). If a student's need for assistance changes from one year to the next, his/her financial aid may change.
All financial aid is renewable on a yearly basis provided the student remains eligible by meeting the following conditions:
- Files the FAFSA, and renews the FAFSA annually by the published deadline
- Complies with any FAFSA verification requests or other requests by financial aid administrators
- Is enrolled in a matriculated program
- Is in good academic standing
- Continues to demonstrate need (for need based aid)
- Has not defaulted on student loans.
Please check aid eligibility requirements listed under each type of financial aid.
Students who wish to apply for any type of need based financial assistance through Manhattan College must file the FAFSA (Manhattan College code: 002758) as early as possible after January 1st preceding the academic year for which they wish to be considered for aid.
Incoming freshmen should file the FAFSA by February 15 to ensure timely handling of their admissions application.
Continuing students must file by the April 15 deadline (priority: April 1) and use completed federal tax information. Financial aid will be awarded on a "first come first serve basis" after that time. Applications received after April 15 may be subject to a 20% reduction or possible cancellation of any need based institutional aid.
Notification of Awards
Applicants will be advised of all possible awards via a financial aid award letter when all pertinent forms and applications are complete. Award letters are sent out to incoming applicants on a rolling basis. Students already in attendance will begin to receive their award letters between late May and mid June.
The financial aid awards on your award letter are "estimated" until full eligibility is determined. A financial aid award may be reduced or cancelled. The most common reasons for an award adjustment include:
- Changes in enrollment (change to part-time or full-time status)
- Residency status changes (from on-campus to off-campus and vice versa)
- Not maintaining satisfactory academic progress
- Overawards due to receipt of additional aid and/or scholarships from other sources.
- An award may also be adjusted due to changes or inaccuracies in the information on which your award is based.
If your financial aid has been disbursed, you may be responsible for partial or full repayment of funds regardless of the reason for the adjustment.
Students are advised to visit a Financial Aid Administration counselor to discuss any changes in family circumstances. A student should never withdraw from a class or a semester without visiting to discuss the impact on future financial aid.