Berkeley Financial Aid
Alumni Association Scholarships: Berkeley partial- and seven full-tuition scholarships are awarded annually to high school seniors who demonstrate a high level of academic achievement in high school. To be considered for this scholarship, students must complete the admissions requirements by December 15th.
Alumni Scholarships are renewable based on the recipient's cumulative grade point average of 3.00 at the end of each academic year and consecutive term enrollment as a full-time student.
Ethel C. Townsend Foundation Scholarships: Each year, the Ethel C. Townsend Foundation awards a wide variety of privately-funded scholarships through the generosity of friends and alumni. Scholarships are awarded each year based on a comprehensive review of student admissions applications and supporting credentials. Award amounts and terms vary. Some of the scholarships require a written essay and application deadlines may apply. Details of specific awards and criteria for each may be obtained by contacting an Admissions Office representative.
Achievement Awards: Students with a high level of achievement as of the date of application will be considered for an award without consideration of income. Achievement awards are renewable based on the recipient's cumulative grade point average of 3.00 at the end of each academic year and consecutive term enrollment as a full-time student. Award amounts vary.
Challenge Program Loans/Grants: Awarded as a loan, with the possibility of full or partial cancellation based on the student’s cumulative grade point average at the time of graduation. This award is renewable based on the recipient’s cumulative grade point average of 3.00 or better at the end of each academic year and consecutive term enrollment as a full-time student. Award amounts vary.
Howard L. Newhouse Grants: The Howard L. Newhouse Grant program provides additional assistance to those students who demonstrate need after federal and state aid have been exhausted. Award amounts vary.
Non-Resident Student Grants: Students who are not residents of the states of New Jersey or New York are considered for this need-based grant. Award amounts vary.
Robert V. Maher Access Grants: Students who are at least 23 years old are considered for the Robert V. Maher Access Grant. Awards are made to students who demonstrate need after federal and state aid have been exhausted. Award amounts vary.
West Paterson Scholarship: A scholarship of one-third tuition is awarded to a high school senior with a minimum grade point average of 2.50 who is a resident of West Paterson, New Jersey.
Residence Hall Grants: Residence Hall students are considered for this need-based grant at the time of application. Preference is given to applicants who reside beyond a 100-mile radius of campus. A minimum cumulative grade point average of 2.50 is required to receive the award. The grant is renewable quarterly based on the recipient's continued attainment of a cumulative grade point average of 2.50 and consecutive term enrollment as a full-time day residence hall student. Award amounts vary.
DECA Scholarships: Based on DECA (Distributive Education Cooperative Association) membership and an evaluation of the high school transcript, high school seniors are eligible to apply for partial- and full-tuition scholarships. This grant award is renewable based on the recipient’s cumulative grade point average of 3.00 or better at the end of each academic year and consecutive term enrollment as a full-time student.
FBLA Scholarships: Based on FBLA (Future Business Leaders of America) membership and an evaluation of the high school transcript, high school seniors are eligible to apply for partial- and full-tuition scholarships. This grant award is renewable based on the recipient’s cumulative grade point average of 3.00 or better at the end of each academic year and consecutive term enrollment as a full-time student.
International Student Grants: Up to 25 percent of tuition based on past academic achievement and financial need for students who are not residents of and are not living in the U.S. These grants are awarded by the International Student Division upon admission to the College. Click here to obtain in a scholarship application.
Transfer Scholarships: A limited number of scholarships are available to students who have earned Associate's degrees from other institutions with which Berkeley has approved articulation agreements. A list of approved institutions is available in the Advisement Office.
World Trade Center Supplemental Scholarship: Eligible students will be awarded the difference between the state-calculated WTC award and the College tuition rate.
Berkeley TAP Grant: Full-time students who are eligible for a TAP Grant from New York State may receive a grant of $1500 per academic year from Berkeley.
Part-Time Employment: Students who are interested in part-time employment at local companies, agencies, and organizations while attending Berkeley are encouraged to seek assistance from the Career Services Office.
Payment Plans: A no-interest payment plan for quarterly charges is available. Payments include a $20 fee for each payment plan. The first payment is due on the first day of the month preceding the start of the quarter. Credit disclosure forms are required. A fee will be charged for late payments.
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Federal Financial Aid
Federal Pell Grant: The Federal Pell Grant Program provides awards of up to $4,310 per academic year for financially eligible undergraduate students who have not previously earned a Bachelor's degree. Recipients must be United States citizens or eligible noncitizens enrolled in degree or certificate programs. The Free Application for Federal Student Aid (FAFSA) must be completed when applying for financial assistance.
Federal Stafford Loan (FSL): This subsidized student loan program provides the greatest amount of self-help student financial assistance to college students. A fixed interest rate of 6.8 percent applies to all Stafford loans. In most cases repayment must be completed within 10 years. First-year students may borrow up to $3,500 for educational expenses; eligible second-year students may borrow up to $4,500. Third and fourth-year students may borrow up to $5,500 annually.
Students may borrow a Stafford Loan from any lender that participates in the Federal Family Education Loan Program (FFELP) by completing a Master Promissory Note (MPN). Promissory Notes may be submitted either electronically to the lender, or via paper application. Blank MPNs are available at each campus Financial Aid Office and online. Loans will be certified by the College for eligible students based on grade level and need, as determined by federal formulas.
Federal Supplemental Educational Opportunity Grants (FSEOG): In addition to a federal grant and/or student loan, students of exceptional need may be awarded a Federal Supplemental Grant of $100 to $3,000 per academic year. Preference for these awards is given to Pell Grant recipients. Eligible students are automatically considered for this grant.
Unsubsidized Federal Stafford Loan (UFSL): Unsubsidized FSL loans are not based on need. Funds are provided in the same manner as subsidized Federal Stafford Loans, but the interest accrued during attendance in college is not paid by the U.S. government; it is either capitalized or must be paid monthly by the borrower while in school. A fixed interest rate of 6.8 percent applies to all Stafford loans. In most cases repayment must be completed within 10 years. Up to $4,000 may be borrowed per academic year for educational expenses. Students not eligible for a subsidized FSL may borrow up to $7,500 of unsubsidized FSL in the first academic year, $8,500 in the second academic year, and $10,500 in the third and fourth academic years.
Students may borrow a Stafford Loan from any lender that participates in the Federal Family Education Loan Program (FFELP) by completing a Master Promissory Note (MPN). Promissory Notes may be submitted either electronically to the lender, or via paper application. Blank MPNs are available at each campus Financial Aid Office and online. Loans will be certified by the College for eligible students based on grade level and need, as determined by federal formulas.
Federal Parent Loan for Undergraduate Students (FPLUS): Parent loans for educational expenses are not based on need, but parents are required to pass a credit check. Funds are provided in the same manner as Federal Stafford Loans, but interest is either capitalized or must be paid monthly by the parent while the student is in school. A fixed interest rate of 8.5 percent applies to all FPLUS loans. Interest begins to accumulate at the time the first disbursement is made. Repayment begins within 60 days after the loan disbursement. In most cases, FPLUS loans must be repaid within 10 years. Parents may borrow up to the cost of attendance minus other financial assistance.
Parents may borrow a PLUS Loans from any lender that participates in the Federal Family Education Loan Program (FFELP) by completing a Master Promissory Note (MPN). Promissory Notes may be submitted either electronically to the lender, or via paper application. Blank MPNs are available at each campus Financial Aid Office and online. Loans will be certified by the College for eligible students based on dependency status and need, as determined by federal formulas.
Academic Competitiveness Grants (AC Grants): The Federal AC Grant program provides awards of up to $750 per academic year for first-time freshmen who graduated from high school after January 1, 2006, and up to $1,300 per academic year for sophomores who graduated from high school after January 1, 2005. Awards are limited to Pell Grant recipients who are U.S. citizens and who completed a "rigorous program of study" in high school, as defined by the U.S. Department of Education. Eligible students must be enrolled in an Associate's degree or baccalaureate degree programs as a full-time student. The Free Application for Federal Student Aid (FAFSA) and an official high school transcript must be submitted for consideration of this grant.
National Science & Mathematics Access to Retain Talent Grant (SMART Grant): This grant only applies to students enrolled in the B.B.A. - Information Systems Management program. The National SMART Grant is available to full-time students during the third and fourth academic year who are U.S. citizens, have applied for and are eligible for a Federal Pell Grant, and have earned at least a 3.0 cumulative grade point average.
Federal Work Study (FWS): Eligible students can seek part-time employment either on campus or in community service positions off campus. Students may work up to 20 hours per week while school is in session and up to 35 hours per week when not in session. Interested students should contact the Career Services Office.
Veteran's Benefits: Veterans and other eligible persons planning to receive educational assistance benefits from the Veteran's Administration (VA) should get VA approval for training prior to enrollment.
New Jersey State Financial Aid
Tuition Aid Grant (TAG): New Jersey residents who attend college full time at a New Jersey institution may be eligible to receive a TAG grant of up to $10,142 per academic year. TAG grants are based on need.
Garden State Scholars (GSS): Students demonstrating high academic achievement based upon their secondary school records and junior year SAT scores will be selected for GSS consideration by their high school administrators. To accept this award, students must enroll full-time in a New Jersey institution. $500 is awarded each academic year without consideration of income.
Garden State Urban Scholars Program: Students demonstrating the highest level of academic achievement based upon their secondary school records and junior year SAT scores will be selected for consideration by their high school administrators. To accept this award, students must enroll full-time in a New Jersey institution. $1,000 is awarded each academic year without consideration of income.
Garden State Distinguished Bloustein Scholars Program: Students demonstrating the highest level of academic achievement based upon their secondary school records and junior year SAT scores will be selected for consideration by their high school administrators. To accept this award, students must enroll full time in a New Jersey institution. $1000 is awarded each academic year without consideration of income
New York State Financial Aid
Tuition Assistance Program (TAP): New York State residents who attend college full- time at a New York institution may be eligible to receive a TAP grant of up to $5,000 per academic year. TAP awards are based on need. New York State tax returns for the student and parents are needed to apply for this grant.
Regents College Scholarships: State scholarships are awarded annually to New York residents with the highest SAT or ACT scores who attend college full-time at a New York institution. Up to $250 is awarded each academic year without consideration of income.
Regents Award for Children of Deceased or Disabled Veterans: This scholarship is awarded annually to New York state residents who can document their status to meet the criteria. Up to $450 is awarded each academic year without consideration of income.
Aid for Part-Time Study (APTS): New York State residents enrolled at a college in New York with between three and eleven credits per term may be eligible to receive an APTS grant. Awards are based on need.
New York State Tuition Assistance Program Good Academic Standing Requirements: A student is considered in "good standing," meeting program pursuit standards, and making satisfactory academic progress to receive New York State Tuition Aid program assistance, if the minimum requirements established are maintained.
Pursuit of Program: Students must have and maintain a "full-time" enrollment status to receive a TAP award. "Full-time" is defined as 12 quarter credit hours per term (quarter). A student may register for up to 18 credit hours in a term (or up to 21 with special approval by the Academic Office); however, enrollment in more than 12 credit hours does not entitle the student to a TAP award that is greater than the per-term award maximum for 12 quarter credit hours. New York State regulations allow a "medical/health waiver" if a student is unable to engage in full-time study due to health or medical reasons. Granting of this waiver is extremely rare, is not routine, and its use is not encouraged.
Questions? Email the Financial Aid office, financialaid@BerkeleyCollege.edu.
