Types of Financial Aid

There are many different programs available to assist families in meeting the cost of higher education.

Although every family’s resources may be different, a financial aid offer will be provided if a FAFSA is filed. Based on individual eligibility, the offer may consist of federal student loans only or a combination of other funds such as grants, scholarships, NYS aid, loans and/or federal work-study.

Scholarships & Grants

Federal Pell Grants

Who is eligible?
The Federal Pell Grant is awarded to eligible full- and part-time undergraduate students.

How long?
Awarded to eligible undergraduate students who do not have a bachelor’s degree. Maximum of 6 years full-time eligibility.

How do I qualify?
Students must submit a FAFSA. The federal government determines financial eligibility for the award and calculates the actual award amount.

How much?
Grants range from $767 - $7,395 for the 2023-2024 year. The amount of the award will be affected by the individual student’s expected family contribution and enrollment status.

2023-2024 Pell Chart

2023-2024 Pell Chart
EXPECTED FAMILY CONTRIBUTION (EFC)	FULL-TIME PER SEMESTER (12+ HRS)	3/4-TIME PER SEMESTER (9-11 HRS)	HALF-TIME PER SEMESTER (6-8 HRS)	LESS THAN HALF-TIME PER SEMESTER (1-5 HRS)	AMOUNT AVAILABLE FOR ENTIRE YEAR (FALL - SUMMER)
0 To 0	$3,698	$2,773	$1,849	$924	$7,395.00
1 To 100	$3,673	$2,754	$1,836	$918	$7,345.00
101 To 200	$3,623	$2,717	$1,811	$906	$7,245.00
201 To 300	$3,573	$2,679	$1,786	$893	$7,145.00
301 To 400	$3,523	$2,642	$1,761	$881	$7,045.00
401 To 500	$3,473	$2,604	$1,736	$868	$6,945.00
501 To 600	$3,423	$2,567	$1,711	$856	$6,845.00
601 To 700	$3,373	$2,529	$1,686	$843	$6,745.00
701 To 800	$3,323	$2,492	$1,661	$831	$6,645.00
801 To 900	$3,273	$2,454	$1,636	$818	$6,545.00
901 To 1000	$3,223	$2,417	$1,611	$806	$6,445.00
1001 To 1100	$3,173	$2,379	$1,586	$793	$6,345.00
1101 To 1200	$3,123	$2,342	$1,561	$781	$6,245.00
1201 To 1300	$3,073	$2,304	$1,536	$768	$6,145.00
1301 To 1400	$3,023	$2,267	$1,511	$756	$6,045.00
1401 To 1500	$2,973	$2,229	$1,486	$743	$5,945.00
1501 To 1600	$2,923	$2,192	$1,461	$731	$5,845.00
1601 To 1700	$2,873	$2,154	$1,436	$718	$5,745.00
1701 To 1800	$2,823	$2,117	$1,411	$706	$5,645.00
1801 To 1900	$2,773	$2,079	$1,386	$693	$5,545.00
1901 To 2000	$2,723	$2,042	$1,361	$681	$5,445.00
2001 To 2100	$2,673	$2,004	$1,336	$668	$5,345.00
2101 To 2200	$2,623	$1,967	$1,311	$656	$5,245.00
2201 To 2300	$2,573	$1,929	$1,286	$643	$5,145.00
2301 To 2400	$2,523	$1,892	$1,261	$631	$5,045.00
2401 To 2500	$2,473	$1,854	$1,236	$618	$4,945.00
2501 To 2600	$2,423	$1,817	$1,211	$606	$4,845.00
2601 To 2700	$2,373	$1,779	$1,186	$593	$4,745.00
2701 To 2800	$2,323	$1,742	$1,161	$581	$4,645.00
2801 To 2900	$2,273	$1,704	$1,136	$568	$4,545.00
2901 To 3000	$2,223	$1,667	$1,111	$556	$4,445.00
3001 To 3100	$2,173	$1,629	$1,086	$543	$4,345.00
3101 To 3200	$2,123	$1,592	$1,061	$531	$4,245.00
3201 To 3300	$2,073	$1,554	$1,036	$518	$4,145.00
3301 To 3400	$2,023	$1,517	$1,011	$506	$4,045.00
3401 To 3500	$1,973	$1,479	$986	$493	$3,945.00
3501 To 3600	$1,923	$1,442	$961	$481	$3,845.00
3601 To 3700	$1,873	$1,404	$936	$468	$3,745.00
3701 To 3800	$1,823	$1,367	$911	$456	$3,645.00
3801 To 3900	$1,773	$1,329	$886	$443	$3,545.00
3901 To 4000	$1,723	$1,292	$861	$431	$3,445.00
4001 To 4100	$1,673	$1,254	$836	$418	$3,345.00
4101 To 4200	$1,623	$1,217	$811	$406	$3,245.00
4201 To 4300	$1,573	$1,179	$786	$393	$3,145.00
4301 To 4400	$1,523	$1,142	$761	$381	$3,045.00
4401 To 4500	$1,473	$1,104	$736	$0	$2,945.00
4501 To 4600	$1,423	$1,067	$711	$0	$2,845.00
4601 To 4700	$1,373	$1,029	$686	$0	$2,745.00
4701 To 4800	$1,323	$992	$661	$0	$2,645.00
4801 To 4900	$1,273	$954	$636	$0	$2,545.00
4901 To 5000	$1,223	$917	$611	$0	$2,445.00
5001 To 5100	$1,173	$879	$586	$0	$2,345.00
5101 To 5200	$1,123	$842	$561	$0	$2,245.00
5201 To 5300	$1,073	$804	$536	$0	$2,145.00
5301 To 5400	$1,023	$767	$511	$0	$2,045.00
5401 To 5500	$973	$729	$486	$0	$1,945.00
5501 To 5600	$923	$692	$461	$0	$1,845.00
5601 To 5700	$873	$654	$436	$0	$1,745.00
5701 To 5800	$823	$617	$411	$0	$1,645.00
5801 To 5900	$773	$579	$386	$0	$1,545.00
5901 To 6000	$723	$542	$0	$0	$1,445.00
6001 To 6100	$673	$504	$0	$0	$1,345.00
6101 To 6200	$623	$467	$0	$0	$1,245.00
6201 To 6300	$573	$429	$0	$0	$1,145.00
6301 To 6400	$523	$392	$0	$0	$1,045.00
6401 To 6500	$473	$0	$0	$0	$945.00
6501 To 6600	$423	$0	$0	$0	$845.00
6601 To 6656	$384	$0	$0	$0	$767.00
6657 To 999999	$0	$0	$0	$0	$0.00

For more information or to access application forms:
Apply online at www.studentaid.gov using a Federal Student Aid (FSA) ID. Create a FSA ID at https://studentaid.gov/fsa-id/.

Federal Supplemental Educational Opportunity Grants (FSEOG)

Who is eligible?
This federal grant is awarded to eligible full- and part-time undergraduate students. Priority is given to students who are Pell Grant eligible and who demonstrate the most financial need.

How much?
Grants average $500 for the 2023-2024 year based on need and federal funding.

How long?
Awarded to eligible undergraduate students who do not have a bachelor’s degree.

How do I qualify?
Students must submit a FAFSA. Award is based on demonstrated financial need. Priority is given to students who are Pell Grant eligible.

For more information or to access application forms:
Apply online at www.studentaid.gov using a Federal Student Aid (FSA) ID. Create a FSA ID at https://studentaid.gov/fsa-id/.

NYS Excelsior Scholarship

Who is eligible?
New York State residents pursuing an undergraduate degree at a SUNY or CUNY college.

How much?
Up to $5,500 per academic year.

How long?
Not more than two years of full-time undergraduate study in a program leading to an associate degree or four years of full-time undergraduate study.

How do I qualify?
Students must submit a FAFSA and NYS Student Aid Payment Application. Must successfully complete 30 degree-applicable credit hours each academic year. Family federal AGI cannot exceed $125,000.

For more information or to access application forms:
Visit the HESC website www.hesc.ny.gov or email scholarships@hesc.ny.gov.

NYS Tuition Assistance Program (TAP)

Who is eligible?
New York State residents who are attending as full-time students in a degree-granting program.

How much?
$500 - $5,056* for the 2023 -2024 year, based on NYS net taxable income for previous year.

How long?
Three academic years or six semesters at a two-year college.

How do I qualify?
Students must submit a FAFSA and TAP application. Family NYS net taxable income cannot exceed $80,000 for dependent students. Single independent undergraduate students with no dependents - $10,000 NYS net taxable income.

For more information or to access application forms:
TAP applications are generated by first completing the FAFSA. Use the link on the FAFSA confirmation page or go to www.hesc.ny.gov.

NYS Aid for Part-time Study (APTS)

Who is eligible?
New York State residents enrolled for between 3 and 11 credit hours in a degree-granting program.

How much?
Award cannot exceed tuition or $1,000 per semester.

How long?
Sixteen semesters of part-time study.

How do I qualify?
Students must submit a FAFSA and complete the HVCC APTS application. Family NYS net taxable income cannot exceed $50,550. The limit for single, independent students with no dependents is $34,250.

For more information or to access application forms:
Download application from the Financial Aid forms webpage.

NYS Part-time TAP

Who is eligible?
New York State residents enrolled for between 6 and 11 credit hours in a degree granting program. To be eligible for part-time TAP, students must be first-time freshmen in the 2006-07 academic year or thereafter.

How much?
Awards are based on NYS net taxable income for previous year and the individual student’s tuition rate as a part-time student.

How long?
The part-time equivalent of three academic years or six semesters at a two-year college.

How do I qualify?
Students must submit a FAFSA application.

TAP Income Limits

TAP Income Limits
Student Type	NYS Taxable Income Limit
Dependent undergraduate students or Independent students who are married and have tax dependents, or Independent students who are unmarried and have tax dependents, or students who qualified as an orphan, foster child or ward of the court at any time since the age of 13	$80,000
Independent undergraduate students who are married and have no other tax dependents	$40,000
Single independent undergraduate students with no tax dependents	$10,000

For more information or to access application forms:
Applications are generated by first completing the FAFSA. Use the link on the FAFSA confirmation page or go to www.hesc.ny.gov.

NYS Part-Time TAP for Non-Degree Programs

Prepare for in-demand jobs in growing fields with microcredentials and non-credit workforce development courses that are now eligible for the New York State Part-Time Non-Degree Tuition Assistance Program.

Select microcredentials and non-credit workforce development courses are eligible to have the New York State (NYS) Tuition Assistance Program (TAP) cover part of the cost of tuition, if you meet certain criteria.

Go to the NYS Part-Time TAP for Non-Degree Programs webpage for complete details.

Hudson Valley Community College & Other Scholarship Programs

Each spring semester, the college’s Foundation is proud to offer many diverse scholarship opportunities. Thanks to the generosity of its donors, the college’s Foundation continually expands scholarship opportunities for new and current students.

For up-to-date information about scholarship opportunities and application deadlines, visit www.hvcc.edu/scholarships.

Federal Student Loan Programs

Federal Direct Loan (Subsidized)

Who is eligible?
Matriculated students continuously enrolled for at least six credit hours per semester who demonstrate financial need. Subsidized loans are limited according to the period of time needed to complete a degree program.

How much?
Up to $3,500 per year for first-year students. Up to $4,500 for second-year students.

How long?
Students must reapply for the loan each year. No repayment is required until six months after the borrowers graduate or cease to be at least half-time students (6 Credits).

How do I qualify?
Students must submit a FAFSA. Complete an online master promissory note at https://studentaid.gov/mpn/ and entrance counseling session at https://studentaid.gov/entrance-counseling/. Accept offered loans via HVCC WIReD.

For more information or to access application forms:
Apply online at www.studentaid.gov using a Federal Student Aid (FSA) ID. Create a FSA ID at https://studentaid.gov/fsa-id/.

Federal Direct Loan (Unsubsidized)

Who is eligible?
Matriculated students continuously enrolled for at least six credit hours per semester who do not demonstrate financial need.

How much?
Up to $5,500 per yea for first-year students. Up to $6,500 for second-year students. Independent students may borrow up to an additional $4,000.

How long?
Students must reapply for the loan each year. No repayment is required until six months after the borrowers graduate or cease to be at least half-time students (6 Credits).

For more information or to access application forms:
Apply online at www.studentaid.gov using a Federal Student Aid (FSA) ID. Create a FSA ID at https://studentaid.gov/fsa-id/.

Federal PLUS Loan (Parent Loan for Undergraduate Student)

Who is eligible?
Parents of dependent students.

How much?
Up to the individual student’s cost of attendance less other financial assistance.

How long?
Parents begin repayment of the amount, plus interest, beginning 60 days after the loan is fully disbursed.

How do I qualify?
Students must submit a FAFSA. Parent borrower must complete an online master promissory note at https://studentaid.gov/mpn/. Parent borrower must complete the Hudson Valley Community College PLUS loan application.

For more information or to access application forms:
Apply online at www.studentaid.gov using a Federal Student Aid (FSA) ID. Create a FSA ID at https://studentaid.gov/fsa-id/. Download HVCC PLUS application from the Financial Aid forms page.

Employment

Federal Work-Study (Part-time jobs)

Students who are enrolled for at least six credit hours per semester in a degree-granting program. Students must maintain a GPA of 2.0.
A percentage of college Work- Study funds must be allocated to community service projects.

The hourly pay rate follows the general New York State Minimum Wage and students receive a biweekly paycheck for hours worked.

Eligibility is determined each year according to the individual student’s financial need and the level of funding available.

Students must submit a FAFSA and complete the HVCC Federal Work Study Application.

Alternative Loans

An alternative loan is a personal loan from a private lender for educational expenses. Most alternative loans are deferrable until you graduate, however, some may require you to pay interest while you are attending school.

Alternative loans exist as an additional means to pay for your college education, often used as a supplement to an existing financial aid package. Some alternative loans can be used to pay for prior balances up to one year old. If you fall into unsatisfactory academic progress, you also may apply for certain alternative loans to help until you get back into
good academic progress and receive federal financial aid again.

Please visit the Financial Aid Loans & Scholarships page for more information.

Mastrangelo Financial Aid Center

Guenther Enrollment Services Center, Room 110

(518) 629-7150

financialaid@hvcc.edu

FAFSA School Code: 002868
NYS TAP Code: 2080

Fax: (518) 629-7479

Office Hours: Monday – Friday, 8 a.m. – 5 p.m.
Summer 2023 Hours (May 22 - July 28): Monday – Thursday, 8 a.m. – 4 p.m.; Friday, Closed

Types of Financial Aid

Scholarships & Grants

Federal Student Loan Programs

Employment

Federal Work-Study (Part-time jobs)

Alternative Loans

Get in Touch