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Types of Aid

Work Study is a federally-funded program offering employment opportunities to eligible students. Students must indicate an interest in work-study when they complete their FAFSA application. Funding is limited and priority consideration is given to income eligible students who file their FAFSA by February 15 (continuing students must also have a 2.0). Students who are offered work study must accept the award in Bannerweb by the beginning of the semester or the award will be cancelled. Please note that a Work-Study award is an opportunity, not a guarantee of employment. It is the responsibility of the student to review available work study positions on the employment website and apply to the departments directly. Please approach work study with the professionalism and maturity as other job searches. The departments will select work study employees whose skills and work ethic align most closely with the department needs.

Important Work Study Facts:

  • Work study does not apply directly to the student's bill
  • Work study earnings cannot exceed the amount of the original award
  • Students have to find their work-study job
  • Students cannot start work until all the payroll paperwork is complete and turned into the payroll office 

The Pell grant is a federal grant with a maximum annual award in the 2019-20 aid year of $6195 and is awarded to degree seeking students with an Estimated Family Contribution (EFC) of 5576 or less.  You must file a FAFSA in order to be considered for a Pell Grant. There is a maximum lifetime limit of 6 full-time Pell awards.

More about the Pell Grant

The SEOG Grant is a federal grant that is awarded by the campus. Students must be Pell eligible. Funds are limited and awards are between 100 and 176 per year.

More about the SEOG Grant

Excelsior "Free Tuition" Scholarship

New York State high school residents may be eligible to receive up to $6,470 toward tuition each year at SUNY Cobleskill. Students from families who earn less than $125,000 in Adjusted Gross Income in 2017 are eligible to apply for the Fall 2019 semester. Excelsior scholarships are reduced by other grants and scholarships. Coby Premier Scholarships do not reduce Excelsior awards since they are applied exclusively to campus housing costs.

More about Excelsior "Free Tuition" Scholarship 

TAP is a New York State grant with a maximum annual award of $5165 for dependent students and $3025 for independent students. The award is based on NYS taxable income and recipients must be New York State residents for 12 consecutive months prior to the start of the award year. Only full-time students (12 credits or more) are considered for TAP and a separate TAP application must be filed in order to be considered for a TAP award.

More about TAP 

SUNY Tuition Credit is awarded to SUNY students who are TAP recipients. Award amounts are based upon the amount of your TAP grant. Part-Time TAP is available to students taking 6-11 credits who were first-time, full-time freshman after 2006-07 and who have earned 12 credits or more with a C or better in each of two consecutive preceding semesters.

More about Part-Time TAP

Aid for Part-Time Study (APTS) is available to matriculated undergraduate students who are New York State residents enrolled for 3-11 credits for the fall or spring terms. A separate APTS application is must be completed at the Financial Aid Office and eligibility is based on NYS net taxable income. APTS Funds are limited. Award amounts provide up to $2,000 per year for part-time study (cannot exceed tuition charges).

 More about APTS 

Accelerated Studies (a.k.a. "Summer Tap") is an extra TAP payment in the award year, over and above the regular award, in certain circumstances. For terms beginning after January 1, 2007, students must earn 24 credits at SUNY Cobleskill in the prior two semesters to qualify for accelerated study.

Educational Opportunity Program Grant is available to students enrolled in the EOP program at SUNY Cobleskill. In order to be considered for the EOP program students apply as an incoming freshman during the admissions application process. Please contact the EOP Office at 518-255-5836 or visit their webpage for more information about the EOP program requirements.

State Assistance for Native Americans: Grants of $2,000 are awarded to high school graduates who are residents of one of New York's eight major reservations and who attend an approved post secondary educational institution in New York State. Information may be obtained by contacting the New York State Native American Programs, Room 543, New York State Education Dept., Washington Ave., Albany, N.Y. 12234.

Vocational Rehabilitation (ACCESS/VR):The New York State Office of Vocational and Educational Services for Individuals with Disabilities (VESID) provides program counseling and financial assistance for students who have certain physical, mental or emotional disabilities. Contact the nearest VESID for information, or write to the University of the State of New York, State Education Department, Office of Vocational Rehabilitation, Albany, N.Y. 12234.

State University Student Assistance (SUSTA) is available on a limited basis to matriculated full-time undergraduates with unmet need who meet NYS TAP eligibility requirements and have exhausted their annual direct loan limits.

Direct Subsidized Loans are need-based loans available to undergraduates who are enrolled at least half-time in a degree seeking program. The student is not charged interest on subsidized loans while in school. The U.S. Department of Education is the lender, but loans are serviced by a third party. The interest rate for loans disbursed between 7/1/2019 and 6/30/2020 is 4.53% and there is a 1.059% origination fee. The loan amounts range from $3,500 to $5,500 per year depending on class standing. Students must file a current year FAFSA in order to be considered for a Direct Subsidized Loan.

*NEW* For first-time borrowers on or after July 1, 2013 there is a new limit on the maximum period of time that you can receive Direct Subsidized Loans. In general, you may not receive Subsidized Loans for more than 150% of the published length of your program. For example, if you are enrolled in a 2-year associate degree program then you are limited to a three year period for which you can receive subsidized loans. Please contact the Financial Aid office for more information regarding the new "150% Rule".

Direct Unsubsidized Loans are NOT need-based loans and they are available to undergraduates who are enrolled at least half-time in a degree seeking program. Unsubsidized loans DO accrue interest while student is in school. The U.S. Department of Education is the lender, but loans are serviced by a third party. The interest rate for loans disbursed between 7/1/2019 and 6/30/2020 is 4.53% and there is a 1.059% origination fee. The maximum annual loan amount for an Unsubsidized Loan is $2,000, however students may be eligible for $4,000-$5,000 in additional unsubsidized loans IF their parents are denied a Parent PLUS loan (see next section). A current year FAFSA is required.

All Federal Student Loan recipients are required to complete Loan Entrance counseling AND a Master Promissory Note at studentloans.gov prior to the first loan disbursement. These will only need to be completed once while attending SUNY Cobleskill.

Loan Limits

Direct loans are subject to annual and aggregate limits. Students cannot borrow more than their cost of attendance minus any other financial aid so some students may be eligible for less than the annual maximum amounts.

Aggregate Limits for Sub/Unsub Loans
  Subsidized Total (subsidized & unsubsidized)
Dependent Undergraduates $23,000 $31,000
Independent Undergraduates and Dependent Students whose parents can't get PLUS $23,000 $57,500
Graduate & Professional Students $65,500 $138,500

 

Annual Limits for Sub/Unsub Loans
for Dependent Undergraduates
  Subsidized Total (subsidized & unsubsidized)
First Year $3,500 $5,500
Second Year $4,500 $6,500
Third Year & Beyond $5,500 $7,500

 

Annual Limits for Sub/Unsub Loans for
Independent Undergraduates & Dependent Students whose parents can't get PLUS
  Subsidized Total (subsidized & unsubsidized)
First Year $3,500 $9,500
Second Year $4,500 $10,500
Third Year & Beyond $5,500 $12,500

 

Annual Limits for Sub/Unsub Loans
for Graduate & Professional Students
  Total (subsidized & unsubsidized)
First Year & Beyond $20,500

Important Information Regarding Direct Loan Repayment:Direct Loans have a six month grace period after you leave school (or drop below half-time). Repayment begins at the end of the grace period, however interest on subsidized loans disbursed after July 1, 2012 will begin to accrue interest during the grace period. 

More about Repayment >>

More about Direct Student Loans >>

The Parent PLUS loan is available to biological, adoptive or step-parents of dependent students who are enrolled at least half-time in a degree seeking program. A credit application is required. The interest rate for loans disbursed between 7/1/2019 and 6/30/2020 is 7.08% and there is a 4.236% origination fee.

The parent cannot be in default of a federal student loan to apply. Parents can apply online at studentloans.gov. The parent will "Sign In" using their FSA ID and will select “Apply For a PLUS Loan”. In most cases, a credit decision will be available immediately.

 More about the Parent PLUS Loan 

 

If approved, the parent will need to complete a Master Promissory Note at studentloans.gov

If denied, the College will be notified electronically and the student may qualify for an additional $4,000-$5,000 in unsubsidized loans. 

Other Denial Options: The parents have the options of appealing the credit decision or adding an endorser to the loan request. The endorser must request their own FSA ID and must be willing to repay the loan if the parent defaults. 

SUNY Cobleskill Scholarships

A variety of generous scholarship support is available to help students pursue an education at SUNY Cobleskill. Most scholarships are awarded as part of the Admissions process. Please visit our scholarship web page for more information.

Outside Scholarships

Many students receive scholarships from outside sources. If you receive financial aid, it is very important that the College be notified of any scholarships that you receive from external donors to avoid overfunding (which could lead to a reduction in aid after your bill is paid).

Alternative loans are credit based loans that are offered by banks and other private financial institutions. They are ideally used to finance the remaining cost of a student's education when all other forms of financial aid have been exhausted. Not all students will credit qualify for an alternative loan and most lenders will require a co-signer. SUNY Cobleskill strongly encourages you to complete your FAFSA in order to fully utilize all available federal direct student loans before pursuing an alternative loan.

For more information about alternative loans, please click here. Please note that the list of lenders provided on this page is not an all inclusive list and students are encouraged to thoroughly research and understand the loan terms for the lending institution that they select.