IMPORTANT INFORMATION REGARDING YOUR AWARDS FEDERAL PELL GRANT If a Pell Grant is included on your award letter, the amount listed should be treated as an estimate! The actual amount will be based on your enrollment status and your correct Federal EFC. If your FAFSA was selected for verification, you must complete that process before your Pell Grant can be finalized and applied to your account. FEDERAL ACADEMIC COMPETITIVENESS GRANT (ACG) If an ACG grant is listed on your award letter, it should also be treated as an estimate! We will need to evaluate your final high school transcript to determine if you qualify for this award. NEW YORK STATE TAP AWARD The Tuition Assistance Program (TAP) is available to eligible full-time students who are New York State residents. If it appears you may have TAP eligibility, we have provided you with an estimate of your TAP award. The award amount is based on the information you provided on your Free Application for Federal Student Aid (FAFSA). The New York State Higher Education Services Corporation (HESC) is the agency responsible for determining and awarding TAP on behalf of the State of New York. You will have to complete a TAP Application and forward it to HESC to receive your actual TAP award. The application will be generated by HESC, either electronically or by mail. HESC will calculate the actual TAP award that you will be receiving for the upcoming academic year. Check your email account (the one you listed on your FAFSA) for notices from HESC, and track your application/award status by going to www.hesc.org. You must be enrolled in at least 12 credit hours in order to receive TAP. For a more detailed explanation of the TAP program, please go to the Saint Rose website www.strose.edu, and review the TAP Fact Sheet. WARNING!!! Withdrawing from a class during the semester, or repeating a previously passed course, could have a negative impact on your future Federal, New York State, and institutional financial aid eligibility! Contact the Office of Financial Aid BEFORE you make a decision to withdraw from a class or to retake a class for which you have already received a passing grade!! WHAT HAPPENS IF YOU WITHDRAW FROM ALL OF YOUR CLASSES? Each day that you attend your classes, you earn a bit more of your financial aid. If you withdraw from all of your classes, we are required by Federal regulation to calculate the amount of Federal aid that you are entitled to receive. You do not earn all of your Federal aid until you have attended 61% of the semester. If you withdraw before the 61% date, we may have to return some of your Federal grants and loans. Institutional aid (Saint Rose grants and scholarships) may be prorated, and your TAP may be reduced. You may also end up with an outstanding account balance.
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