|
Name of Award
|
Who is Eligible?
|
|
Phi Beta Kappa Scholarship
|
Entering freshmen who are ranked number one in their high school class with minimum combined SAT of 1100 (24 on ACT).
|
|
Memorial Honors Scholarship
|
Entering freshmen who are in the top 30 percent of their graduating class and who have achieved a score of 1380 or above on SATs (31 on ACT).
|
|
Presidential Scholarship
|
Entering freshmen who are in the top 20 percent of their high school class and who have attained a score of 1270 or above on SATs (27 on ACT).
|
|
Hofstra Recognition Scholarship
|
Entering freshmen who are in the top 10 percent of their graduating class who have attained a score of 1070-1269 on the SATs (minimum of 23 on ACT) and for those in the top 20% of their graduating class with a score of 1100-1269 on the SATs (minimum of 23 on ACT).
|
|
Assistance Grants
|
Entering freshmen who demonstrate academic preparation, high SAT scores, and financial need.
|
|
Concerned Faculty Grants
|
Entering freshmen who are financially disadvantaged and who are academically qualified for admission.
|
|
Hofstra Middle Income Awards
|
Entering freshmen whose families' adjusted gross income falls between $18,000 and $35,000 a year.
|
|
Activity Grants
|
Entering freshmen who have demonstrated ability in art, athletics, communications, dance, drama, or music. Requires audition/recommendation from department.
|
|
Resident Security Grant
|
Entering freshmen with exceptional need. Student works for Public Safety in exchange for room.
|
|
NOTE: Generally, a student is eligible for only one scholarship awarded by Hofstra University.
|
|
Federal Subsidized Stafford Student Loans
|
Student must be matriculated, attend at least half time, and must maintain satisfactory academic progress. Students must show need.
|
|
Federal Additional Unsubsidized Stafford Loans (formerly SLS)
|
Independent undergraduate or graduate students in a degree program. Students must maintain satisfactory academic progress.
|
|
Federal Parent Loan Program (PLUS)
|
Parents of dependent matriculated students may borrow through any bank which participates in this program The student must maintain satisfactory academic progress. The check is made payable to the institution and the parents.
|
|
Army ROTC
|
A United States citizen who is a high school graduate or holds an equivalent certificate. The applicant must be at least 17 years old.
|
|
Federal Pell Grant Program
|
Full- or part-time undergraduate students who demonstrate need according to the needs analysis. Students must maintain satisfactory academic progress and program pursuit.
|
|
Federal Supplemental Educational Opportunity Grants (SEOG)
|
Full- or part-time undergraduate students who demonstrate exceptional need. Students must be Pell grant recipients. SEOG funding program is limited. Student must maintain satisfactory academic progress and program pursuit.
|
|
Federal Perkins Loans
|
Funds are limited in this program. Students must maintain satisfactory academic progress and program pursuit.
|
|
Federal Work-Study Program (FWS)
|
Full- or part-time matriculated students who have financial need. Students must maintain satisfactory academic progress and program pursuit. Visit the Office of Student Employment Job Referral.
|
|
NOTE: Amounts are subject to change pending governmental approval.
|
|
Name of Award
|
Possible Amounts
|
Length of Award
|
Application Process
|
|
Distinguished Academic Scholar Program
|
Full tuition up to a maximum 17 credits per semester
|
Four years or eight semesters. Intersession and/or summer courses are not included.
|
Awards are given when student is accepted to the University. Recipients must attain a 3.0 GPA by end of freshman year, 3.1 by end of sophomore year, and 3.2 by end of junior year. GPA for renewal is based only on grades received at Hofstra. Recipients must complete 24 semester hours at Hofstra each academic year with a minimum of 18 hours of letter grades other than P.
|
|
Phi Beta Kappa Scholarship
|
Minimum scholarship $3,500
|
Four years or eight semesters
|
Awards are given when student is accepted to the University. Recipients must attain a 3.0 GPA by end of freshman year, 3.1 by end of sophomore year, and 3.2 by end of junior year. GPA for renewal is based only on grades received at Hofstra. Recipients must complete 24 semester hours at Hofstra each academic year with a minimum of 18 hours of letter grades other than P. A FAFSA must be completed to receive more than minimum award.
|
|
Memorial Honors Scholarship
|
Minimum scholarship $3,000
|
Four years or eight semesters
|
Awards are given when student is accepted to the University. Recipients must attain a 3.0 GPA by end of freshman year, 3.1 by end of sophomore year, and 3.2 at end of junior year, GPA for renewal is based only on grades received at Hofstra. Recipients must complete 24 semester hours at Hofstra each academic year with a minimum of 18 hours of letter grades other than P. A FAFSA must be completed to receive more than minimum award.
|
|
Presidential Scholarship
|
Minimum scholarship $2,500
|
Four years or eight semesters
|
Awards are given when student is accepted to the University. Recipients must attain a 3.0 GPA by end of freshman year, 3.1 by end of sophomore year, and 3.2 at end of junior year. GPA for renewal is based only on grades received at Hofstra. Recipients must complete 24 semester hours at Hofstra each academic year with a minimum of 18 hours of letter grades other than P. A FAFSA must be completed to receive more than minimum award.
|
|
Hofstra Recognition Scholarship
|
Minimum scholarship $2,000
|
Four years or eight semesters
|
Awards are given when student is accepted to the University. Recipients must attain a 3.0 GPA by end of freshman year, 3.1 by end of sophomore year, and 3.2 at end of junior year. GPA for renewal is based only on grades received at Hofstra. Recipients must complete 24 semester hours at Hofstra each academic year with a minimum of 18 hours of letter grades other than P. A FAFSA must be completed to receive more than minimum award.
|
|
Assistance Grants
|
Varies
|
Four years or eight semesters
|
Awards are given after acceptance to the University. Student must complete an FAFSA each year, maintain a 2.0 GPA, and complete 24 semester hours at Hofstra each academic year with a minimum of 18 hours with letter grades other than P. FAFSA must be completed to be considered for this award.
|
|
Concerned Faculty Grants
|
Varies
|
Four years or eight semesters
|
Awards are given after acceptance to the University. Student must complete a FAFSA each year, maintain a 2.0 GPA, and complete 24 semester hours at Hofstra each academic year with a minimum of 18 hours with letter grades other than P.
|
|
Hofstra Middle Income Awards
|
$500 to $1,000 per year
|
Four years or eight semesters
|
Awards are given after acceptance to the University. Student must complete a FAFSA, maintain a 2.0 GPA, and complete 24 semester hours at Hofstra each academic year with a minimum of 18 hours with letter grades other than P.
|
|
Activity Grants
|
Amounts determined by department
|
Renewed at the recommendation of the department, provided that student maintains a 2.0 GPA and successfully completes 24 semester hours at Hofstra each academic year, with a minimum of 18 hours with letter grades other than P.
|
Contact the appropriate department for information on audition/interview before January 15. Telephone:
Athletics
(516) 463-6750
Communications
(516) 463-5424
Dance and Drama
(516) 463-5444
Fine Arts
(516) 463-5474
Music
(516) 463-5490
|
|
Resident Security Grant
|
Individual cost of double room
|
Four years or eight semesters
|
Student must file a FAFSA. Student must complete separate application which will accompany award notification and be interviewed by security office on campus.
|
|
Name of Award
|
Possible Amounts
|
Length of Award
|
Application Process
|
|
New York State Tuition Assistance Program (TAP)
|
First time dependent TAP recipients for 1998-99 received awards based on combined parent and student NYS net taxable income of $50,500. Awards ranged from $275 to $4,125. Awards decrease by $200 beginning fifth semester. Independent students receive lesser awards.
|
Full-time undergraduate students may receive TAP for a period of 8 semesters. The award is credited to the student's bill, once the student has received the award certificate from New York State and has submitted it to the Student Accounts Office.
|
Full-time matriculated students must maintain satisfactory academic progress and program pursuit in accordance with New York State Education Department regulations (see catalog for regulations). For 1999-2000, the family NYS net taxable income could not exceed $50,500 for dependent students or independent students with dependents. Students may apply by completing the FAFSA and the Express TAP application received from NY Higher Education.
|
|
Aid for Part-time Study Program (APTS)
|
$2,000 maximum New York State limit per school year to cover fall and spring semesters.
|
Each semester of APTS eligibility equals half a semester of TAP eligibility. A student cannot have exhausted his/her eligibility for TAP.
|
Dependent students must have a family NY State net taxable income of not more than $50,500 and an independent student with dependents net taxable NY State income may not exceed $50,500. Independent students without dependents' net taxable income cannot exceed $34,250. Students may pick up an APTS application and return the completed application to the Financial and Academic Records Office for processing. A student must apply each year and must have filed a FAFSA for the year.
|
|
Federal Subsidized Stafford Student Loans
|
Students may borrow up to $2,625 for the first year and $3,500 for the second year (completion of 24 earned credits). Third- and fourth-year students may borrow up to $5,500 (must have completed 58 earned credits). There is no interest or repayment while the student is in college. Funds are disbursed twice during the school year (at the beginning of each semester). Graduate limit is $8,500/year.
|
Repayment starting six months after graduation may be made over a ten-year period Repayment is made directly to the bank issuing the loan, and the payment schedule is issued by the bank. New loans after 7/1/94 have variable interest rat e of T-bill + 3.1 percent with a cap of 8 1/2 percent Borrowers are charged an origination fee and an insurance fee which are deducted from the loan check before the student receives it
|
Applications with the school section completed will be sent to the student approximately two weeks after a student receives a Financial Aid notification letter from Hofstra indicating eligibility. Eligibility for the loan is determined by the Financial and Academic Records Office and is based on need as determined by the FAFSA. The loan check is issued by the bank and made payable to both the student and the college. A new student must come for an entrance interview before the loan check may be signed. This year students will be receiving the MASTER PROMISSORY NOTE which allows students to sign one Promissory Note that will be good for all Stafford loans up to ten years.
|
|
Federal Unsubsidized Stafford Student Loans
|
Students may borrow up to $2,625 for the first year and $3,500 for the second year (completion of 24 earned credits). Third- and fourth-year students may borrow up to $5,500 (must have completed 58 earned credits). Interest is paid while the student is in college. Funds are disbursed twice during the school year (at the beginning of each semester). Graduate limit is $8,500/year.
|
The student begins interest payments immediately or interest may be capitalized. Repayment of principal begins after graduation and may be made over a ten-year period. Repayment is made directly to the bank issuing the loan, and the payment schedule is issued by the bank. New loans after 7/1/94 have variable interest rate of T-bill + 3.1 percent with a cap of 8 1/2 percent. Borrowers are charged an origination fee and an insurance fee which are deducted from the loan check before the student receives it.
|
Applications with the school section completed will be sent to the student approximately two weeks after a student receives a Financial Aid notification letter from Hofstra Indicating eligibility. The FAFSA is required. Eligibility for the loan is determined by the Financial and Academic Records Office and is not based on need. The loan check is issued by the bank and made payable to both the student and the college. A new student must come for an entrance interview before the loan check may be signed. This year students will be receiving the MASTER PROMISSORY NOTE which allows students to sign one Promissory Note that will be good for all Stafford loans up to ten years. A student with less need than the full amount allowed may borrow both the subsidized and unsubsidized loan up to the annual maximums listed.
|
|
Federal Additional Unsubsidized Stafford Loans (formerly SLS)
|
Up to $4,000 per year for first two undergraduate years and $5,000 for third and fourth year. Loans may not exceed the cost of attendance less financial aid. Full-time graduate students may borrow up to $10,000 per year. Aggregate limit is $23,000 for undergraduates and $73,000 for graduates.
|
Student begins interest payments immediately or interest may be capitalized. Repayment of principal begins after graduation and may be made over a ten-year period. Repayment is made directly to the bank issuing the loan, and the payment schedule is issued by the bank. New loans after 7/1/94 have variable Interest rate of T-bill + 3.1 percent with a cap of 8 1/2 percent. Borrowers are charged an origination fee and an insurance fee which are deducted from the loan check before the student receives it.
|
Applications with the school section completed will be sent to the student approximately two weeks after a student receives a Financial Aid notification letter from Hofstra indicating eligibility, The FAFSA is required. Eligibility for the loan is determined by the Financial and Academic Records Office and is not based on need, The loan check is issued by the bank and made payable to both the student and the college. A new student must come for an entrance interview before the loan check may be signed. This year students will be receiving the MASTER PROMISSORY NOTE which allows students to sign one Promissory Note that will be good for all Stafford loans up to ten years.
|
|
Federal Parent Loan Program (PLUS)
|
Parents may borrow up to cost of education minus financial aid at a variable interest rate which is capped at 9 percent.
|
Repayment of PLUS loans begins 60 days after the loan is made. Repayment may take up to 10 years.
|
PLUS loan applications with school section completed will be sent to the student approximately two weeks after receiving a Financial Aid Notification. Applications are available from participating lenders or from The Office of Financial and Academic Records.
|
|
Army ROTC
|
Scholarships provide annual amounts up to $16,000, plus a nontaxable monthly subsistence allowance up to 10 months during the school year.
|
Varies
|
Application packages can be obtained by writing Hofstra Army ROTC, 130 Hofstra University, Hempstead, New York 11549, or by calling (516) 463-5648 or 1-800-USA-ROTC.
|
|
Federal Pell Grant Program
|
The appropriated maximum award for 1999-2000 is $3,125.
|
Time necessary to complete a four-year degree program.
|
Matriculated undergraduate students must complete the FAFSA each year.
|
|
Federal Supplemental Educational Opportunity Grants (SEOG)
|
Average grant at Hofstra is $500-$800 due to limited funding in program.
|
Normally for four years or eight semesters, depending on government funding.
|
Each year the student must complete and submit the FAFSA.
|
|
Federal Perkins Loans
|
Undergraduate students may borrow up to $3,000 per year. The number of loans is determined by federal allocation to the college. Loans are made by the college or university directly to the student. Loan amount at Hofstra University is usually $1,000 due to limited funding
|
The current interest rate is 5 percent for all borrowers. There is a nine-month grace period before loan repayment begins, with up to 10 years to repay.
|
The FAFSA for financial aid must be submitted each year. The Financial and Academic Records Office determines eligibility.
|
|
Federal Work-Study Program (FWS)
|
Students eligible are given a specific amount they may earn by Hofstra University's Financial and Academic Records Office. Pay rate is determined by the student job classification program.
|
The Financial Aid award letter will list an amount which makes the student eligible to apply at the Office of Student Employment (located in the Human Resources Center) for a variety of positions available during the academic year on a first-come, first-served basis. The maximum weekly hours a student may work are 20 while in school and additional hours during vacation periods. Summer employment is available only upon request.
|
Complete and submit the FAFSA each year.
|
