NYMC > Current Students > Office of Student Financial Planning > FAQs

FAQs

Please click on the question you want to find the answer for.

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

  2. A: An FSA ID allows students to identify themselves electronically to access Federal Student Aid websites. An FSA ID is made up of a username and password. Your FSA ID identifies you as someone who has the right to access your own personal information on ED websites such as the Free Application for Federal Student Aid (FAFSA). With and FSA ID you may perform the following tasks: Electronically sign the Free Application for Federal Student Aid (FAFSA) on the Web, Renewal FAFSA on the Web, or make FAFSA Corrections on the Web. View the status and results of a processed FAFSA application on the FAFSA website. Electronically sign your Direct Loan Master Promissory Note(s). Access your Federal Student Financial Assistance information on the National Student Loan Data System (NSLDS) website.

  3. A: School of Medicine: Class of 2022, Class of 2023 and Class of 2024, the Financial Aid deadline is Thursday, March 25, 2021. All required Financial Aid steps and required forms, must be completed and submitted to the Office of Student Financial Planning by this date. Class of 2025 the Financial Aid deadline is Thursday, May 27, 2021: If you are accepted after Thursday, May 27th, you must complete and submit the required steps and forms within 3 weeks of your acceptance date to the Office of Student Financial Planning.

    School of Health Sciences and Practice: Physical Therapy students: Class of 2022 and Class of 2023, the Financial Aid deadline is Thursday, March 11, 2021. Class of 2024, the Financial Aid deadline is Thursday, March 25, 2021. 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 2022, the Financial Aid deadline is Thursday, March 11, 2021. Class of 2023, the Financial Aid deadline is Thursday, June 10, 2021. 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 all other programs: All required Financial Aid steps and required forms, should be completed and submitted to the Office of Student Financial Planning before registering for classes.

    Graduate School of Basic Medical Sciences: Accelerated Master’s Program students: The Financial Aid deadline is Thursday, June 3, 2021. All required Financial Aid steps and required forms, must be completed and submitted to the Office of Student Financial Planning by this date.

    Graduate School of Basic Medical Sciences: Clinical Laboratory Sciences Program: The Financial Aid deadline is Thursday, June 3, 2021. All required Financial Aid steps and required forms, must be completed and submitted to the Office of Student Financial Planning by this date.

    Graduate School of Basic Medical Sciences all other programs: All required Financial Aid steps and required forms, should be completed and submitted to the Office of Student Financial Planning before registering for classes.

  4. 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).

  5. A: Students must be registered for classes (at least half-time for each semester), maintain satisfactory academic progress in a degree granting program and either a US citizen or eligible noncitizen to qualify for Financial Aid. The student has not defaulted on a Federal loan, does not owe a refund on any federal or state grant program. The student is registered with the Selective Service, if required, and has a valid social security number.

  6. A: New York Medical College, Office of Student Financial Planning, Room 125C, 40 Sunshine Cottage Road, Administration Building, Valhalla, New York 10595.

  7. A: The email address is: NYMC Financial Aid Office (nymcfinancialaid@nymc.edu).

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

  9. 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.

  10. 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 maximum assigned financial aid Cost of Attendance (budget). If this occurs, the Office of Student Financial Planning is required to return the over award amount to the highest interest bearing loan first, if applicable.