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Financial Aid Services
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. Click here for more information on How To Apply for Financial Aid.

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.

Financial Aid Programs

• Federal Pell Grant
  Eligible students at NYCI who have not received a Bachelor's degree may receive this grant based on financial need.  Federal Pell is a grant that does not need to be repaid. Click here for Information about Federal Pell Grants from the U.S. Department of Education.
• New York State Tuition Assistance Program (TAP)
  NY TAP grants are available to New York State residents who are also U.S. citizens or eligible non-citizens and are enrolled full-time (at least 8 credits in a trimester). Click here for Information about TAP from the NYS Higher Education Services Corporation.
• Federal SEOG Grant
  Pell-eligible students (see above) at NYCI may also be eligible for an additional grant under this program. Click here for Information about Federal SEOG Grants from the U.S. Department of Education. Awards are limited to those with the lowest Expected Family Contributions (EFC's) from their FAFSA applications.
• Federal Academic Competitiveness Grant (ACG)
  Pell-Eligible students who attend NYCI immediately after completing a "rigorous" high school curriculum may be eligible for an additional grant based on academic performance. Click here for Information about ACG from the U.S. Department of Education.
• Federal Work-Study Program
  A limited number of part-time jobs are available on-campus or near campus through the Federal work-study program. Students must meet the basic eligibility requirements and have financial need. Click here for Information about Federal Work-Study from the U.S. Department of Education.
• Federal Direct Student Loan Program- Stafford Student Loans
  All eligible students at NYCI are able to borrow a traditional “student loan” from the Federal Student Loan Programs. These loans are called Federal Stafford Loans, and the interest on these loans may be subsidized and/or unsubsidized. Click here for Information about Stafford Student Loans from the U.S. Department of Education.
• Federal Direct Student Loan Program– Parent PLUS Loans
  The parents of dependent students at NYCI are generally able to borrow a parent PLUS loan from the Federal Student Loan Program.  Parents can borrow up to the full cost of education (minus any other aid received). Click here for Information about Parent PLUS Loans from the U.S. Department of Education.

Veterans Educational Benefits
Veterans of the Armed Services are generally eligible for educational benefits from the U.S. Department of Veterans Affairs (VA). The VA pays some benefits directly to the veteran/student, and some to the school, depending upon which program the veteran/student participates in. The veteran/student must apply for benefits directly with the VA, and NYCI will certify the student’s enrollment and academic progress to the VA. The VA makes monthly payments to the student or school as appropriate based upon that certification.

Veterans with a service-connected disability and children/dependents of veterans who were disabled or killed in the line of duty may be eligible for even more generous benefits.  

For more information about VA educational benefits, please contact the Department of Veterans Affairs at 1-888-GI BILL-1 (1-888-442-4551) or visit their website at: VA Educational Benefits webpage.

Vocational Rehabilitation
The NYS Office for Vocational and Educational Services for Individuals with Disabilities (VESID) provides financial and other services to assist people with disabilities to achieve a higher education. For more information, including a list of local VESID offices, visit the New York State VESID website.

Social Security Survivor's Benefits
Students who are eligible for survivor's benefits from Social Security may be entitled to maintain those benefits after age 18 by remaining enrolled in an accreditted instituion of higher education. Check with your local Social Security Office for information on eligibility and benefits.

Bureau Of Indian Affairs
Registered members of a Native American tribal group may be entitled to educational benefits. Request information on grants and/or loans from your tribal headquarters or education office. Information is also available from the Bureau of Indian Affairs, Washington, D.C. 20245.

Flexible Payment Plans
Students who do not qualify for financial assistance will appreciate our flexible payment schedules. Contact the Financial Aid Office at (212)-962-0002 and speak with an advisor to discuss your financial situation and how we can work with you today!

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