Financial Aid Policies & Procedures

1. All students who wish to receive need-based financial aid must submit the Free Application for Federal Financial Aid (FAFSA) each year. This applies to most financial aid sources. The exception would be students who are receiving scholarships or non need-based grants only from Institutional sources, and who do not wish to be considered for any other aid, such as loans or work. If in doubt, file the FAFSA.
   
   NOTE: students who receive Institutional scholarships such as the Rooney-Gibbons scholarship or athletic awards which are within $5,000 of the College's annual undergraduate tuition ($15,242 for 2003-2004) are required to file the FAFSA so that any TAP or Pell awards for which they may qualify can be taken into consideration when determining the final amount of their Institutional awards.
   
   
2. You should file your FAFSA in mid-February each year in order to ensure that we will receive the need analysis results by March 1st. We will process financial aid for those who apply later, but it is probable that the aid awards will be less than they might have been if you had filed your FAFSA before March 1st.
   
   
3. Financial Aid will not be disbursed to a student's account until the College has received all necessary documentation. From year to year, the College must receive your valid ISIR no later than October 1 for the fall semester or November 1 for the spring semester for you to maintain eligibility for any need-based Institutional financial aid you may have been offered in the past. If the ISIR is not received by the applicable date, any Institutional financial aid previously offered to you will be withdrawn.
   
   
4. All Institutional financial aid awards are offered for full-time study (at least twelve credits per term for undergraduates, or nine credits per term for graduates) unless stated otherwise. Some Federal and State financial aid awards require full-time attendance as well. Awards requiring full-time registration will be cancelled for students not attending on a full-time basis.
   
   Note to GRADUATE STUDENTS: Although the College considers nine credits in a semester to be full-time graduate study, financial aid awards from New York State (such as TAP) require at least twelve credits per term.
   
   
5. Institutional financial aid awards are "tuition-only" awards. These awards may not exceed the cost of tuition minus any other "tuition-only" award such as New York State's TAP or a "tuition-only" scholarship from an outside agency or organization.
   
   
6. Financial aid awarded on the basis of financial need will be re-evaluated each year of a student's attendance. If your financial need decreases, Institutional need-based aid will be reduced accordingly. If your financial need increases in subsequent years, Institutional need-based financial aid will be increased to an amount not to exceed the level of aid received in your initial financial aid package.
   
   
7. If you withdraw from the College, your Institutional financial aid will be cancelled indefinitely. Should you "stop out" for a term, you may request that your eligibility for Institutional financial aid be deferred for a period of one semester. "Stopping out" for longer than one semester will result in the loss of Institutional financial aid eligibility indefinitely.
   
   
8. The term "Institutional financial aid" refers to any scholarship or grant awarded by The College of Saint Rose from its own restricted or unrestricted funding sources.

Undergraduate Scholarship Policies & Procedures

Transfer Scholarships
Full-time transfer applicants with superior academic records will automatically be considered for renewable Transfer Scholarships. Eligible candidates must have accumulated 45 credit hours and must be accepted for admission by February 1. Students transferring from two-year schools must be enrolled in an Associate in Science, Associate in Arts, or Associate in Applied Science program in order to be considered for these scholarships. All recipients should submit the FAFSA if other aid is desired.

Academic Talent Scholarships
Full-time freshmen and transfer students who have clearly demonstrated outstanding achievement or talent in English, Spanish, Mathematics, History, Science, Psychology, or Business will be considered for these awards. Application for Academic Talent Scholarships and all supporting materials must be received by February 1. Application for admission must be accepted by February 1. All recipients should submit the FAFSA if other aid is desired.

Art and Music Scholarships (Special Talent Scholarships)
These awards recognize extraordinary artistic or musical ability of full-time freshmen and transfer applicants as demonstrated through an art portfolio or performance of a music audition, which must be completed by February 1. Academic requirements and other details are available from the Admissions office. The student must be accepted to the College by February 1. All recipients should submit the FAFSA if other aid is desired.

Multicultural Scholarship
Multicultural scholars are selected on the basis of academic merit, extracurricular activities and essay competition. Applications for the Multicultural Scholarship must be received in the office of Undergraduate Admissions no later than February 1. Application for admission must be accepted by February 1. Students must be enrolled on a full-time basis. All recipients should submit the FAFSA if other aid is desired.

Athletic Scholarships (Athletic Service Awards)
The College of Saint Rose participates in NCAA Division II athletic competition. In accordance with NCAA regulations, the College offers athletic scholarship funding to talented student athletes for intercollegiate teams. All recipients of an Athletic Service Award (ASA) are required to earn the first $1,000 of the award through Athletic Work Study employment. In order to receive that portion of the ASA, the student must work the required number of hours to earn wages up to $1,000. The balance of the award is credited to the athlete's tuition bill as a grant. The total amount of an ASA will vary depending upon ability and availability of positions on team rosters.

The College of Saint Rose Athletic department makes recommendations of ASA amounts to the Financial Aid office. Official ASA notification is indicated from the Financial Aid office. Students interested in being considered for ASA funding should contact the Athletic department or the coach for the sport of interest.

New York State residents are required to apply for the New York State Tuition Assistance Program if their Athletic Service Awards exceed $10,000. Recipients of ASA funding should submit the FAFSA if other aid is desired.

Second Chance Scholarship
The Second Chance Scholarship is awarded to full-time returning adult students from two-year colleges with priority given to Hudson Valley Community College transfer students. This is a two-year scholarship, which varies according to need and academic achievement. Application for admission, an ISIR or SAR from having filed the FAFSA, and the completed Second Chance Scholarship Application must be received by June 1(for Fall) or November 1 (for Spring), prior to the semester of beginning attendance at The College of Saint Rose.

Other Scholarships
The College also offers other scholarship opportunities. Please refer to the Financial Aid and Scholarship Opportunities brochure for complete information. In general, a student must apply for admission to the College prior to February 1 in order to be selected for these endowed scholarships. No separate application is necessary, as the College will match an applicant's qualifications to those of the award. Because of funding and awarding variables, not all scholarships are available in any given year.

• Albany Rotary Club Scholarship
• George I. Alden Endowed Scholarship
• Jacqueline L. Armin Scholarship Fund
• The Rose and Frederick Belleville Endowed Scholarship
• Joan Kavanaugh Boland Memorial Scholarship
  
  
• Thomas J. and Arlene M. Brown Endowed Scholarship
• C. Pauline Helbock Bryant Endowed Scholarship
• Monsignor Buttimer Scholarship
• Hon. Hugh Carey Endowed Scholarship
• Regina Chicorelli Endowed Scholarship
  
  
• Jeanne-Claude and Christo Endowed Scholarship in the Visual Arts
• City Club of Albany Inc. Endowed Scholarship
• Genevieve Yenz Clark Endowed Scholarship
• Class of 1938 Memorial Endowed Scholarship
• Hon. Richard J. Conners Endowed Scholarship
  
  
• Bernard and Nora Cronin Endowed Scholarship
• Monsignor Delaney/Alumni Family Scholarships
• The Dewar Foundation Scholarship
• Michael R. Donohue Endowed Scholarship
• The Bill Duffy Scholarship Fund
  
  
• Kathryn R. Dugan Endowed Scholarship
• Sister Mary Philomena Fazioli Scholarship
• Jackson H. Fenner Foundation Endowed Scholarship
• The Thomas J. Ferrara Memorial Scholarship
• Alice Cooper Finks Music Scholarship
  
  
• Future Applied Technology Educators Endowed Scholarship
  • George I. Alden Trust
  • AT&T Foundation
  • RGK Foundation
• James and Marietta Gargiulo Endowed Scholarship
• John J. Gargiulo Memorial Scholarship in Business
• Monsignor Edward R. Glavin Endowed Scholarship
• The Kathleen Havern Memorial Scholarship
  
  
• Hearst Foundation Endowed Minority Scholarship
• Hellman Family Academic Scholarship
• The Higgins Family Foundation Endowed Scholarship
• Alice R. Hurley Endowed Scholarship
• Iron Eyes Cody Scholarship
  
  
• Christine Kapostasy Jansing Endowed Scholarship
  in Public Communications
• Kirsch and Albert Endowed Minority Scholarship
• Thelma P. Lally Endowed Scholarship
  for Excellence in Education
• Julieann Louise Krone - Athlete Award
• The Mary H. Langan/CPCD Endowed Scholarship
  
  
• The Mary H. Langan/Langan Group Endowed Scholarship
• Mary Doran Leslie Endowed Scholarship
• Arthur and Louise Main Scholarship
• Ann Radigan McCarville Endowed Scholarship
• The Eileen Whiting McCraw Scholarship
  
  
• Sr. Jeanne Pierre Mittnight Endowed Scholarship
• Alma and Ray Molholm Academic Scholarship
• Rachel Laura Mossin Scholarship Fund
• Joseph Persico Endowed Scholarship in the Humanities
• Kathleen M. Picotte Scholarship Fund
  
  
• Stefanie Powers Endowed Scholarship
• Tony Randall Endowed Scholarship
• Harriet Wands Sacca Endowed Music Scholarship
• Margaret D. and Edgar A. Sandman Endowed Scholarship
• The Virginia Schiele-Murphy Endowed Music Scholarship
  
  
• Second Chance Scholarship Endowment Fund
• Ursula R. Casey Smith Endowed Scholarship
• Lewis A. Swyer Endowed Scholarship
• Teamsters Endowed Scholarship
• The Louis C. Vaccaro Family Endowed Scholarship
  
  
• Lyn Vaughn Endowed Scholarship
• Marge L. Walawender Scholarship Fund
• Helen Warren Endowed Scholarship
• Harold and Kerry Ann Williams Endowed Scholarship
• Janis M. Yezzi Endowed Scholarship
  
  
• Elizabeth and Cecilia M. Yusten Endowed Scholarship

For more information download the
A Guide to Your Financial Aid Awards (PDF) 266K
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Satisfactory Academic Progress Policy (SAP)
Financial aid recipients are required to maintain Satisfactory Academic Progress (SAP). The College will evaluate SAP after grades are reported at the end of each semester. This SAP policy applies to all financial aid programs except for the New York State financial aid programs that have a different policy for academic progress and program pursuit. The SAP policy requires that financial aid recipients achieve a minimum number of earned credits and a minimum cumulative Grade Point Average (GPA) after each semester. In addition to maintaining SAP toward the educational objective after each semester, recipients of Federal Student Aid (FSA) cannot receive FSA funding for more than 150% of the minimum time duration for completing their program. The following chart indicates the SAP standards at The College of Saint Rose.

Once you have reached your 12 semesters of financial aid, you will no longer be considered eligible for Federal financial aid.

What if I am part-time?
Students who are enrolled part-time are also required to maintain the SAP standards on a time basis proportional to their enrollment status. Therefore, SAP for a part-time students will be evaluated after the equivalent of a full-time enrollment load (a minimum of twelve credits) has been attempted.

Do my transfer credits count towards SAP?
Yes, your transfer credits do count towards calculating your SAP status.

Will I be notified if I do not make satisfactory academic progress?
Yes, at the end of each semester the Financial Aid Office reviews the SAP policy and sends letters to those students whose SAP status has changed.

Can I appeal my change in my SAP status?
Yes. Students not maintaining SAP can appeal the loss of aid eligibility. Any such appeal must be submitted in writing to the Financial Aid Office along with supporting documentation of the circumstances involved in the appeal. Decisions about appeals for extension of aid to students not maintaining SAP are at the sole discretion of the Financial Aid Office and are final.

How can I check my SAP status?
Click here, log in and go to the Financial Aid section to check your status.