What Is Financial Aid?

Financial Aid is any grant or scholarship, loan, or paid employment offered to help a student meet his/her college expenses. Such aid is usually provided by various sources such as federal and state agencies, colleges, high schools, foundations, and corporations. The amount of financial aid that a student receives is determined through federal, state and institutional guidelines. Grants include aid the student receives that need not be repaid; loans must be repaid. Interest rates and repayment terms vary by program. Employment is aid based on an hourly rate for work performed.

What types of Financial Aid are available?
Grants | Scholarships | Loans | Employment Opportunities | Veteran's Benefits |Health and Human Service Programs

  • Federal
  • New York State Higher Education Services Corporation
    • Tuition Assistance Program (TAP)
    • Aid for Part-Time Study (APTS)
    • NYS World Trade Center. Relief Fund
    • National Guard - NYS Educational Incentive Program
    • New York State Primary Care Service Corps Scholarships
    • Memorial Scholarships for Children and Spouses of Deceased Police Officers and Firefighters
    • Regents Awards for Child of Veteran (CV)
    • Regents Awards for Child of Correction Officer Award (CO)
    • Regents Health Care Scholarships for Medicine or Dentistry
    • Regents Professional Opportunity Scholarships
    • Aid to Native Americans
    • Vietnam Veterans Tuition Awards VVTA)
    • AmeriCorps Educational Award
  • Institutional
  • Private
Employment Opportunities
Veteran's Benefits
  • G.I. Bill Benefits
  • Dependent Educational Assistance Program (DEAP)
  • Veterans Educational Assistance Program (VEAP)
  • Vocational Rehabilitation
Health and Human Services Programs
  • Nursing Student Loan
  • Health Professions Student Loan Program (HPSL)
  • Primary Care Loan Program (PCL)
  • Scholarship for Disadvantaged Students Programs (SDS)
  • Loans for Disadvantaged Students Program (LDS)
  • National Health Service Corps Scholarship (NHSC)


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Copyright © 2004-2019 NYSFAAA

The information presented on the NYSFAAA Website is provided as a service from the New York State Financial Aid Administrators Association to our constituents and represents our best efforts to assist students and their families in pursuing funding for higher education. NYSFAAA is a volunteer association of financial aid professionals representing the various institutions of higher education in New York State. We have collected information we believe to be important and reputable in finding and obtaining financial aid resources; however, we assume no liability for the use of this information. The New York State Financial Aid Administrator's Association, Inc (NYSFAAA) does not receive any money, gifts or compensation, related to educational lending activities, from any "lending institution" as defined in S620(8)a and S620(8)b of New York State Education Law. Hence, NYSFAAA does not meet the definition of "lending institution" as defined in S620(8)c of New York State Education Law. Therefore, institutions of higher education in New York and employees of those institutions are not subject to any potential conflicts of interest or legal restrictions under NYS Education Law in their interactions with NYSFAAA.*
* This statement does not constitute, and should not be construed as, legal advice.