State & Federal Financial Aid
State Programs
Tuition Assistance Program (TAP)
Up to $5,000 per year for undergraduate full-time students who are New York State residents. TAP awards are based on net taxable income of the family, and are renewable for four years of baccalaureate study. Students in the Higher Education Opportunity Program or in approved five-year curricula may receive TAP awards for five years.
Aid for Part-Time Students (APTS)
Available to students carrying from 3 to 11 credit hours per semester and able to demonstrate need for assistance. To be eligible, individuals must be matriculated in degree programs.
Higher Education Opportunity Program (HEOP)
Available to educationally and economically disadvantaged residents of New York State. In addition to extensive financial assistance, students receive counseling, tutoring and assessment support throughout their Sage years. A five week summer program prior to the first year of enrollment is required of students who qualify. Eligibility is determined on the basis of academic background and family income.
While separate application procedures are required for state-sponsored aid programs, information and guidance can be secured from the Office of Student Financial Services.
Federal Programs
Federal Financial Aid Disbursement Authorization Form
-
For the 2009-10 award year (July 1, 2009 to June 30, 2010), the maximum scheduled Pell Grant award is $5,350 for undergraduate students enrolled on a full-time basis.
- The maximum amount can change each award year and depends on program funding. The amount you get will depend not only on your financial need, but also on your costs to attend school, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less.
- The maximum scheduled Pell Grant award for the 2010-2011 award year is $5,550 for students enrolled on a full-time basis.
For additional information on the Pell Grant program please click here.
Supplemental Educational Opportunity Grants (SEOG)
Up to $1,500 annually for undergraduate study. These grants are available to students with high financial need.
Student employment funded by Sage and the government. The jobs are in a variety of areas, primarily on campus (examples are the libraries, campus centers, food services, offices and departments), are usually limited to 7-10 hours per week, and generally pay at the prevailing federal minimum wage or slightly above.
Perkins Loans
The Perkins Loan is awarded to undergraduate students with exceptional financial need. This is a campus-based loan program, with the school acting as the lender using a limited pool of funds provided by the federal government. It is a subsidized loan, with the interest being paid by the federal government during the in-school and 9-month grace periods. There are no origination or default fees, and the interest rate is 5%. There is a 10-year repayment period.
Direct Stafford Loans
The Sage Colleges is pleased to announce that we will be participating in the Direct Loan Program beginning with the 2010-11 academic year. This means that if you borrow a Stafford Loan for the 2010-11 academic year, your funding will come directly from the federal government instead of a private lender as in the past.
The fixed interest rate for a Subsidized Stafford Loan is 5.6% ; the Unsubsidized Stafford loan fixed interest rate is 6.8%. Effective July 1, 2010, Direct Stafford Loans are subject to a 1% origination fee and an up-front interest rebate of 0.5% is offered for borrowers as a repayment incentive. In order to keep the up-front rebate, a borrower must make their first twelve monthly payments on time.
Please click here for instructions on how to apply
Direct Parent PLUS Loan for Undergraduate Students
If you borrow a PLUS loan for 2010-11, your funding will come directly from the federal government instead of a private lender as in the past.
The fixed interest rate for the PLUS loan is 7.9%. PLUS Loans are subject to a 4% origination fee. However, an up-front rebate of 1.5% is offered for borrowers as a repayment incentive. In order to keep the up-front rebate, a borrower must make their first twelve monthly payments on time.
Parents Please click here for instructions on how to apply
Direct PLUS Loan for Graduate Students
If you borrow a PLUS loan for 2010-11, your funding will come directly from the federal government instead of a private lender as in the past.
The fixed interest rate for the PLUS loan is 7.9%. PLUS Loans are subject to a 4% origination fee. However, an up-front rebate of 1.5% is offered for borrowers as a repayment incentive. In order to keep the up-front rebate, a borrower must make their first twelve monthly payments on time.
Graduate Students Please click here for instructions on how to apply
Veterans Administration Benefits
The Sage Colleges is proud to serve the men and women in uniform and to assist them with their educational goals. We are here to provide you with information, advice and to process the paperwork for the certification of Veterans educational benefits. All students eligible for VA support must file application forms according to their specific situations. To find out your educational benefit please select from one of the following categories.
For additional VA Forms and Resources please see VA Forms and Resources
Kelley Robinson, VA Certifying Official
Email: robink3@sage.edu
Phone: 518-292-1797
