COVID-19 EMERGENCY FUNDING

Nyack College recognizes that these are unprecedented times.  You may be struggling with issues you never anticipated. Please know that Nyack College is here to support our students through any unexpected demands placed on their educational goals or personal lives. Having applied, signed and returned the Certification Agreement to the Department of Education to access funds under the Higher Education Emergency Relief Fund (HEERF), Nyack College has the ability to use a maximum of 50 percent of the funding from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, to provide financial support in the form of emergency grants to our students impacted by COVID-19.

What the grant can be used for:

Through this funding, Nyack College is able to disburse up to $865,000 to eligible students who have expenses related to the disruption of campus operations.  The coronavirus pandemic has impacted many areas of the Nyack College community, including, but not limited to, food administration, housing, course materials, technology, health and child/dependent care expenses.  As of May 18, 2020, grants began to be disbursed through an Emergency Grant application process.

Who is eligible?

Nyack College estimates that there were 976 students eligible during the spring 2020 semester and 413 of those students received a grant. A total of $475.000 was awarded, leaving $389,000 for the fall 2020 semester.

Nyack College has increased the number of students eligible for an emergency grant and will disburse a fixed amount of $640 to each student.  The College will mail a check to each eligible student.

In compliance with the Department of Education, here are the minimum eligibility requirements for a COVID-19 Emergency Grant:

  • Be a U.S. citizen or national, permanent resident or eligible noncitizen.
  • Have a valid Social Security Number.
  • Be registered with Selective Service if you are male over the age of 17.
  • Be enrolled in an eligible degree or certificate program.
  • Have a high school diploma or equivalent.
  • For currently enrolled students, be making satisfactory academic progress.
  • Not owe an overpayment on Title IV grants or loans.
  • Not be in default on a Title IV loan.
  • Have returned fraudulently obtained Title IV funds if convicted of or pled guilty or no contest to charges.
  • Not have a federal or state conviction for drug possession or sale, with certain time limitations.

For questions or more information, contact the Office of Student Financial Services at:  nyacksfs@nyack.edu.

HIGHER EDUCATION EMERGENCY RELIEF FUND – INSTITUTIONAL FUNDING

In addition to the aid made available to eligible students,  Nyack College also received as part of the COVID-19 Emergency Funding, funds that were made available to the institution to cover costs associated with significant changes in the delivery of instruction due to the coronavirus and a grant as assistance to minority serving institutions.  The attached quarterly budget and expenditure reporting under CARES Act provides details of how the funds can be used and where the College has requested reimbursement for expenses incurred in the described areas.

    Exemption to Participate in the Graduation Ceremony

    If you are close to graduating, you may appeal for an exemption to walk. Please contact your Academic Advisor for approval and register at Nyack for summer courses and pay in full by May 15th. Please register for Summer 2020 at Nyack and get Advisor Approval by April 15th.

    Required Exit Student Loan Counseling for Graduating Students

    If you are a student who has received Subsidized, Unsubsidized or PLUS loans, you must complete an Exit Counseling when you drop below half-time enrollment; graduate; or leave school.

    The online Exit counseling provides important information that you will need as you prepare to repay your Federal student loan(s). Topics include: Understand Your Loans, Plan to Repay, Avoid Default, and Make Finances a Priority.

    Attached is a PowerPoint that you can refer to as you prepare to make firm plans for repayment.

    1. Review attached PowerPoint –  Student Loan Exit Counseling Video .mp4
    1. Complete the Online Exit Counseling by April  25thvia studentaid.gov

    Please note, the Exit Counseling is a federal requirement.  An “Exit Counseling” hold has been placed on your account. Transcripts and Diplomas cannot be released until the Exit Counseling has been completed. Once completed the hold will be lifted from your account.

    Room and Board Credit/Refund

    Nyack College COVID-19 Policy for Spring 2020 Undergraduate Room and Board Credits

    • Nyack College will issue room and board credits for students equal to 45% of the net room and board charges for the spring 2020 semester.
    • Graduating May 2020 Seniors will receive refund checks issued on April 30, 2020. For seniors graduating who may have an outstanding balance the credit will be applied to their student account.
    • Underclassmen will receive a credit towards their Fall 2020 room and board. For students who may have an outstanding balance the credit will be applied to their Spring 2020 student account.
    • The following chart provides a framework for refunds based on the standard semester charges:
    Description Full Semester Charge Credit or Refund Amount
    Standard Double Room – 21 meal plan $5,000 $2,250
    Standard Double Room – 14 meal plan $4,900 $2,205
    Single Room or Private Bath – 21 meal plan $5,500 $2,475
    Single Room or Private Bath – 14 meal plan $5,400 $2,430

     

    As you consider all of your financing needs and questions, it is our hope that our Student Financial Services team will be of great help to you.  At Nyack College, we have setup our financial aid processing and student billing all together in one office – Student Financial Services.  We like to refer to ourselves as the “One Stop Money Shop” 🙂  It is our desire to give you personalized service as you navigate through the process of financing your education.

    As you navigate through our page, please don’t hesitate to contact us.  Please make sure to make use of our financial aid links on the right side of the page as well as navigate through all the menus on the left side of the page.

    Our office motto is “Helping you make Nyack a reality.”  We do everything possible to make a Nyack education as affordable as possible and to present you with all the options to help make decisions that are best for you and your family.  We believe strongly that where God calls, he provides.  We are believing with you that the Lord will give you wisdom and everything you need to enroll here at Nyack!

    As you review the cost of Nyack and possible loan debt, we want to make you aware of the average loan debt data from our recent graduating class:

    2020-2021 TUITION AND FEES

    TUITION* (FULL ACADEMIC YEAR) $25,000
    TECHNOLOGY FEE (FULL ACADEMIC YEAR) $500
    RESIDENT FEES** (ROOM & BOARD, FULL ACADEMIC YEAR) $15,000
    TOTAL FOR RESIDENTIAL STUDENTS (FULL ACADEMIC YEAR) $40,500

    * TUITION LISTED ABOVE IS FOR FULL TIME ENROLLED STUDENTS FOR BOTH FALL 2020 AND SPRING 2021 SEMESTERS AND INCLUDES 12-18 CREDITS PER SEMESTER. COST PER CREDIT FOR PART-TIME ENROLLMENT WILL BE $1,040/CREDIT. CREDITS OVER 18 WILL BE $620/CREDIT.
    ** PLEASE VISIT NYACKINNYC.ORG FOR MORE INFORMATION ON THE JERSEY CITY HOUSING.

    THERE MAY BE ADDITIONAL ACADEMIC FEES TO THE COST ABOVE BASED ON COURSES TAKEN BY EACH STUDENT AND DEPENDING ON WHAT ACADEMIC PROGRAM IS CHOSEN. FOR NURSING PROGRAM STUDENTS, THERE ARE NURSING PROGRAM FEES OF $1,000/SEMESTER.

    SUMMER COURSES WILL BE OFFERED AT THE TUITION OVERLOAD RATE OF $620/CREDIT.

    FOR FULL LIST OF TUITION AND FEES SEE THE CURRENT NYACK COLLEGE UNDERGRADUATE CATALOG
    THE FEDERAL DEFINITION OF ‘COST OF ATTENDANCE’ FOR A FULL-TIME, RESIDENTIAL STUDENT INCLUDES THESE FIVE FACTORS ANNUALLY: TUITION & FEES, ROOM & BOARD, BOOKS & SUPPLIES, PERSONAL EXPENSES, AND TRAVEL EXPENSES

    TUITION & FEES: $25,500
    ROOM & BOARD: $15,000
    BOOKS & SUPPLIES: $1,000
    PERSONAL EXPENSES: $3,215
    TRAVEL EXPENSES: $1,900 (on-campus), $3,000 (off-campus)
    TOTAL COST OF ATTENDANCE: $46,615 (on-campus), $47,715 (off-campus)

    Federal Financial Aid is available in 3 different forms: grants (Pell, SEOG, TEACH), loans (below) and work-study. These types of financial aid help cover school expenses, including tuition, fees, room, board, books, supplies, and transportation. Most aid is need-based, and you are required to file a FAFSA in order to be eligible for any federal aid. Once you have applied for your FAFSA and you have been accepted to Nyack your Award Letter will inform you what you are eligible for. You may also be selected for a Federal process called verification.

    Who is Eligible for Federal Financial Aid?

    Student Loans

    Entrance or Exit Loan Counseling:
    Entrance Counseling (required of all first time borrowers)
    Exit Counseling (required of all students entering repayment. i.e.-graduating seniors)

    When taking out loans to pay for school, remember you are making an investment. Borrow wisely and only if absolutely necessary to pay for college related costs.

    Federal Loans

    Please note: Students and Parents are advised that if they enter into a Title IV Federal loan, the loan data will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. NSLDS information can be accessed here.

    Direct Stafford Loans

    For loan amounts, click here.

    Alternative Loans

    Nyack College Student Loan Code of Conduct

    • All Nyack lender lists are based solely on the best interests of student and parents without regard to financial interests of Nyack.
    • Nyack receives no revenue, trips, or gifts from any lender in exchange for placement on the college’s lender lists.
    • Borrowers have the right and ability to select any lender of their choice, regardless of whether they are included on the Nyack lender list.
    • Detailed information about borrower benefits, fees and the sale of loans is provided in an on-line resource for comparison of lenders.
    • Each lender on the Nyack lender list is present due to past performance of student and parent service and good to excellent borrower benefits.  Each is evaluated annually to ensure ongoing accurate and truth-in-practice borrower benefits and services.
    • Nyack College’s Student Financial Services staff does not currently serve on any lending institution’s advisory board.
    • Nyack does not and will not allow any lender to identify themselves as employees of Nyack and to work in or provide staffing for SFS without proper disclosure and transparency.

    New York State Aid (TAP)

    Tuition Assistance Program
    TAP is a New York State funded grant program for state residents only. Awards range from $500 to $5,165 and are determined by New York State.