New York Medical College

Admissions & Financial Aid

FAQs

 

Q: What is your School code?

A: New York Medical College's School Code is G02784.

Q: What is a PIN?

A: The PIN (Personal Identification Number) serves as your identifier to let you access your personal information in various U.S. Department of Education systems. With a PIN you may perform the following tasks: Electronically sign your Federal Direct Loan Master Promissory Note(s), electronically sign the Free Application for Federal Student Aid (FAFSA) on the Web, Renewal FAFSA on the Web, or FAFSA Corrections on the Web. View the status and results of a processed FAFSA application on the FAFSA website. Access your Federal Student Financial Assistance information on the National Student Loan Data System (NSLDS) website. Make updates to the address where your PIN can be mailed. Request a duplicate copy of your Student Aid Report (SAR).

Q: When is the Financial Aid deadline?

A: School of Medicine: The Financial Aid deadline is Thursday, April 24, 2014. All required Financial Aid steps and required forms, must be completed and submitted to the Office of Student Financial Planning by this date.  If you are accepted after Thursday, April 24th, you must complete and submit the required steps and forms within 14 days of your acceptance date to the Office of Student Financial Planning.

School of Health Sciences and Practice: Physical Therapy students: The Financial Aid deadline is Thursday, April 24, 2014. All required Financial Aid steps and required forms, must be completed and submitted to the Office of Student Financial Planning by this date.

School of Health Sciences and Practice: Speech-Language Pathology students: Class of 2015, the Financial Aid deadline is Thursday, May 22, 2014. Class of 2016, the Financial Aid deadline is Thursday, July 31, 2014. All required Financial Aid steps and required forms, must be completed and submitted to the Office of Student Financial Planning by this date.

Q: I thought Financial Aid meant "Free Money"-Grants, Scholarships, money that I do not have to pay back?

A: The term Financial Aid is an overall term. It includes federal,  state, institutional loans, grants and scholarships. At New York Medical College, the Financial Aid students may apply for is in the form of Federal Direct Loan(s).

Q: Who is eligible for Financial Aid?

A: As long as a student has: not defaulted on a Federal loan, does not owe a refund on any federal or state grant program, is a United States citizen or has a valid alien registration card, is in good academic standing and is making satisfactory progress towards a degree, has a clean credit record to obtain credit based loans, if needed, is registered with the Selective Service if required by law to do so and has a valid social security number. For the School of Health Sciences and Practice (students paying per credit) and the Graduate School of Basic Medical Sciences (students paying per credit) must also be matriculated and attending at least half-time.

Q: What is your Institution's policy regarding parental information?

A: Medical students: 2013 US Parental income and asset information must be included on the  2014-2015 Free Application for Federal Student Aid (FAFSA) or the 2014-2015 Renewal Free Application for Federal Student Aid (Renewal FAFSA) in order to be considered for institutional funds administered through New York Medical College. Parental 2013 US Federal, signed, tax returns must be submitted to the Office of Student Financial Planning.

Physical Therapy students: 2013 US Parental income and asset information must be included on the  2014-2015 Free Application for Federal Student Aid (FAFSA) or the 2014-2015 Renewal Free Application for Federal Student Aid (Renewal FAFSA) in order to be considered for institutional funds administered through New York Medical College. Parental 2013 US Federal, signed, tax returns must be submitted to the Office of Student Financial Planning.

Speech Language Pathology students: 2013 US Parental income and asset information must be included on the  2014-2015 Free Application for Federal Student Aid (FAFSA) or the 2014-2015 Renewal Free Application for Federal Student Aid (Renewal FAFSA) in order to be considered for institutional funds administered through New York Medical College. Parental 2013 US Federal, signed, tax returns must be submitted to the Office of Student Financial Planning.

Q: What is your mailing address?

A: New York Medical College, Office of Student Financial Planning, 40 Sunshine Cottage Road, Administration Building, Valhalla, New York 10595.

Q: Will my Financial Aid be automatically renewed next year?

A: No. Every student needs to reapply for aid every Academic Year.

Q: What is the difference between a grant, scholarship and a loan?

A: A grant is a gift. It does not have to be repaid. A scholarship is an achievement award which is usually based on academic grades, abilities, skills, class rank, etc. Loans are funds borrowed by the student. Loans must be repaid with an interest charge and have a time limit for repayment.

Q: What happens if I receive aid from other resources, a corporation, parent's employment, religious organization, etc.?

A: The Office of Student Financial Planning will review any outside aid a student receives to determine if the total amount of aid received exceeds the student's budget. Adjustments to the student's Financial Aid award may be required.

Q: My Institutional Student Information Record (ISIR) is not accurate. How do I correct it?

A: If you have received a U.S. Department of Education PIN, you may use the PIN to make corrections to your ISIR.  If you do not have a PIN, you may register to receive a PIN by selecting the Helpful Links menu and selecting the PIN Request and Information link.

 

Page Updated: May 9, 2014