- 232 Capen Hall, Buffalo, NY 14260
- M - Th: 9 am - 4 pm
- F: 10:30 am - 4 pm
- North Campus
Porter Quad, Building 2
- M - Th: 8:30 am - 5 pm
- F: 10:30 am - 5 pm
Student Response Center (SRC)
232 Capen Hall
- M - F: 8:30 am - 4:30 pm
- South Campus
104 Harriman Hall
- M, W, Th: 8:30 am - 5 pm
- Tu: 10 am - 5 pm
- F: 11 am - 5 pm
Financial Aid Frequently Asked Questions
Do I qualify for financial aid?
To qualify for financial aid, you must meet all general eligibility requirements dictated by the aid source (federal, state, institution or private). While you are enrolled, you must also meet all conditions required by the type of financial aid award to maintain your eligibility.
You can use the FAFSA4caster to receive an early estimate of your eligibility for federal student aid.
How do I start the financial aid process?
For most students, the financial aid process begins with completing the Free Application for Federal Student Aid (FAFSA). The FAFSA will determine your eligibility for federal financial aid such as the Pell Grant, Work-Study and Direct Loans. Undergraduate residents of New York State should also complete the New York State Tuition Assistance Program (TAP) application to determine eligibility for state-based financial aid awards.
We also encourage you to seek aid from private sources such as employers or community organizations you are involved in. Many organizations offer scholarships or tuition reimbursement incentives to earn your degree.
International students typically do not qualify for federal or state financial aid; however, we encourage you to meet with the Office of International Admissions to learn more about institutional award availability.
When should I complete the FAFSA?
The FAFSA should be completed as early as possible after January 1 of the year you are applying. It is important to complete by March 1 if you are considering campus-based funds, such as Federal Work-Study Awards, Federal Supplemental Educational Opportunity Grants (SEOG), and Health Professions Loans.
If you miss the March 1 deadline, you can still complete your FAFSA at any time PRIOR to your last day of classes during the academic year to be considered for federal aid.
Can I still apply for financial aid if I have not completed my taxes?
Yes, you may complete the FAFSA using estimated income information. You can make corrections to your FAFSA once you have filed your tax return.
I have completed my FAFSA, what happens next?
When you have successfully submitted your FAFSA and TAP applications, the results will be calculated and sent to you and the schools you listed on the applications.
You will receive a Student Aid Report (SAR) when your FAFSA has been processed. The SAR will provide a summary of your FAFSA, and give you your Expected Family Contribution (EFC) which is what your eligibility for most of the federal financial aid awards will be based on. The EFC is NOT the actual amount you may be expected to pay out of pocket.
Your SAR will include comments if further action is needed. We will also notify you of additional requirements by adding them to your HUB To Do List. Your financial aid may be delayed until all requirements are satisfied.
I have received my Financial Aid Award Notification. What is my next step?
Awards that are considered gift aid such as grants and scholarships will be processed and disbursed to your student account once final eligibility has been confirmed. Other awards including Federal Work-Study, Direct Subsidized and Unsubsidized Loans and Health Professional Loans, must be accepted or declined through the HUB Student Center.
Do I have to borrow the entire loan amount I was offered?
No! We encourage you to only borrow what you need! If you accept a loan amount that is either too high or too low you can complete a Loan Revision Request to adjust the amount you borrow at any time during the academic year.
You can track your loan transaction history via the National Student Loan Data System (NSLDS) Student Access website. You can also use your FSA ID to log into the Repayment Estimator to find out what your loan payments may be based on the amount you have borrowed to date.
Information is subject to change without notice due to changes in federal, state and/or institutional rules and regulations. Students must complete a FAFSA every year. Students must be making satisfactory academic progress to continue to receive financial aid.
Last updated: November 03, 2015 4:25 pm EST