We believe that any student who is accepted and wants to attend FLHCON should be able to do so. We know that the cost of a college education and the financial assistance available to help meet those costs are crucial considerations in choosing a college. We work hard to help students find the financial resources they need. Our Financial Aid Counselor provides information and advice to help students and their families apply for federal and state aid, student loans and scholarships. If you have any questions, please feel free to contact the Financial Aid Counselor at (315) 787-4614.
Financial aid refers to funding intended to help the student pay for their educational expenses including tuition and fees, living expenses, books and supplies, etc. Major forms of financial aid include grants, scholarships and student loans.
Grants and scholarships are money that does not have to be repaid and are usually based on financial need. The most common types of grants and scholarships awarded at FLHCON are the Federal Pell Grant, Federal S.E.O.G. Grant and the New York State TAP award. A number of outside sources also offer scholarship funds to students. These funds are not awarded by the financial aid office and typically require a separate application with the funding organization. Generally, scholarships do not have to be repaid, however, under certain circumstances they may require you to agree to a period of service after graduation, among other service obligations.
If you find that you will need to borrow money to pay for some of the costs of your college education, there are federal loans available to you. Federal Student loans are guaranteed and require no credit check. Unlike scholarships and grants, loans are borrowed money and must be paid back. The FLHCON participates in the Direct Loan Program and awards Direct Stafford Loans to eligible students. To be eligible, a student must be a U.S. citizen or permanent resident alien, be in good academic standing, make satisfactory academic progress, have no prior federal loans in default and be studying at least half-time. The student is required to begin repayment six months after he/she leaves school or drops below six credits. Up to 1.0 percent in origination and/or default fees may be deducted from each loan disbursement. In order to be eligible for a Direct Stafford Loan, students must complete the FAFSA.
There are two types of Direct Stafford loans, the Subsidized Stafford Loan and the Unsubsidized Stafford loan. The financial aid office determines what type of loan you qualify for based on your financial need. The maximum amount you can borrow each year is established by the Department of Education and based on your grade level, dependency status and financial need.
A Subsidized Federal Stafford Loan is based on financial need. The government pays the interest while the student is in school and for six months after last day of attendance.
A Unsubsidized Federal Stafford Loan is not need based. The borrower is responsible for all interest payments while in school.
For more information on Grants, Scholarship and Federal Stafford Loans, please visit the Financial Aid Publications section of this website or contact the financial aid office.