Financial Aid Summary - New and Readmitting Students

A new or readmitting student means a student who is new to Berkeley College and starting their program in the fall 2022 semester and later or a student who left Berkeley College (not on an approved leave of absence) for one semester or longer and is returning to the College for fall 2022 semester.

Calendar Year: Berkeley College’s calendar includes three terms organized on the semester system. The fall semester begins in September, followed by the winter semester in January, and the spring semester in April.

Standard Academic Year: The Department of Education defines a "Standard Academic Year". Under those guidelines, Berkeley College's Standard Academic Year is two semesters (30 weeks). Certain types of aid are pre-determined and disbursed over the course of a calendar year. Berkeley awards institutional aid and processes packages with new loan eligibility during the two-semester period.

Federal Financial Aid

Award

Maximum Allowed

Federal Pell Grant

Standard Academic Year 2022-2023 up to $6,895 per standard academic year with Year-Round Federal Pell Grant up to $10,342.50 per calendar year.

Federal Supplemental Educational Opportunity Grant (FSEOG)

Federal guidelines require the awarding of FSEOG to the neediest population. The College starts with students that have a zero Estimated Family Contribution (EFC). FSEOG for the 2022-2023 standard academic year is based on fund availability and can generally range from $700 to $800 per standard academic award year. Eligible students are automatically considered for this grant. The FAFSA must be completed annually. Students who exhaust their Pell eligibility are not eligible for FSEOG.

Federal Work Study (FWS)

Awards vary

Veterans’ Benefits

Awards vary

Federal Aid to Native Americans

Awards vary

Social Security Benefits

Awards vary

Direct Parent Loan for Undergraduate Students

Up to the cost of attendance minus other financial aid/ assistance and other resources for each standard academic year

Annual Limits for Subsidized and Unsubsidized Federal Loans

Dependent undergraduates (excluding dependent students whose parents cannot get PLUS)

Standard Academic Year

Subsidized

Total (Subsidized and Unsubsidized)

First Year

$3,500

$5,500

Second Year

$4,500

$6,500

Third Year and beyond

$5,500

$7,500

Independent undergraduates and dependent students whose parents cannot get PLUS

Standard Academic Year

Subsidized

Total (Subsidized and Unsubsidized)

First Year

$3,500

$9,500

Second Year

$4,500

$10,500

Third Year and beyond

$5,500

$12,500

Note: All undergraduate annual loan amounts are subject to proration.

Note: For information on aggregate loan limits, see: Federal Financial Aid Programs

New Jersey State Financial Aid (pending the state budget)

Award

Award Amount

Tuition Aid Grant (TAG)

Up to $13,196 per calendar year (subject to change for 2022-2023 aid year)

Student Tuition Assistance Reward Scholarship II (STARS II)

Up to $2,500 (Must be NJ STARS recipient) per calendar year

Governor's Urban Scholarship

$1,000 per calendar year. Recipients of the GUS award who have successfully graduated with a Bachelor’s degree are eligible to receive a GUS persistency award of $500

New York State Financial Aid

Award

Award Amount

Tuition Assistance Program (TAP)

Up to $5,665 per standard academic year 

Using accelerated TAP (see New York State Financial Aid page, another 50% may be available for a third semester (calendar year).

Enhanced Tuition Award

Up to $6,000 a semester standard academic year (less any NY TAP award). NYS will contribute 50% of the award (up to $3,000) 
and the remaining half is awarded by the College (up to $3,000). (See New York State Financial Aid Page)

NYS Achievement and Investment in Merit Scholarship (NY-AIMS)

$500 per standard academic year

Regents Award for Children of Deceased or Disabled Veterans

Up to $450 per calendar year

Aid for Part-Time Study (APTS)

Awards vary based on need

NYS Native American Education

Awards vary

Veterans Tuition Awards (VTA)

Awards vary

Berkeley College Grants and Scholarships

Berkeley College need-based grant awards are determined after all federal grants, Post-9/11 GI Bill® amounts, state grants, state scholarships, Berkeley College grants and scholarships (not need-based), outside resources (such as private scholarships, VA benefits other than Post-9/11 GI Bill®, tuition reimbursement, etc.), and direct subsidized loans have been applied. Students who elect not to borrow direct subsidized loans may still qualify for and receive need-based aid. Should students choose to borrow direct subsidized loans, such amounts will be applied before the Berkeley College need-based grant award is determined. Berkeley College grants and scholarships are identified below.

Berkeley College grants and scholarships

Award

Amount Per Standard Academic Year

Berkeley College Access Grant

Award varies based on extraordinary circumstances as determined by College.

Berkeley College Achievement Award

Full-time students can receive up to $4,275 based on GPA per standard academic year. 

Part-time students can receive up to 15% of tuition based on GPA per standard academic year.

Berkeley College Alumni Legacy Scholarship

Up to 30% of tuition per standard academic year

Berkeley College Assistance Grant

Full-time students, not receiving any grants from other sources, can be awarded $1000 per standard academic year

Berkeley College Corporate Learning Partnership

Up to 30% of tuition per standard academic year

Berkeley College Graduation Incentive Grant

Allows students to earn credits that can lead to a cost-free last semester

Berkeley College Grant

Award varies based on need and enrollment status (full-time or part-time) per standard academic year

Berkeley College International Achievement Award

Up to $4,275 based on GPA per standard academic year

Berkeley College International Grant

Award varies based on extraordinary circumstances as determined by College.

Berkeley College Presidential Scholarship

Each campus awards one student a full tuition scholarship each academic year. All other eligible students may receive up to a 30% of tuition scholarship.

Berkeley College Project Graduation Grant

Award varies based on extraordinary circumstances as determined by College

Berkeley College Surgical Technology Completion Scholarship

Up to 30% of tuition per standard academic year

Berkeley College TAP Grant (NY only) 

$1,500 per standard academic year

Berkeley College TAG Grant (NJ only)

Awards vary and are awarded for one semester as needed

Berkeley College Dreamers TAG (NJ only)

50% of balance after being awarded the Dreamers TAG for two semesters within the calendar year

Berkeley College Dreamers TAP (NY only)

50% of balance after being awarded the Dreamers TAP every semester the student is eligible

Berkeley College ETA Match

Berkeley College’s Match to the NYS ETA Program every semester the student is eligible

Berkeley College Transfer Opportunity Program (T.O.P. Grants)

Up to 30% of tuition per standard academic year (percentage varies based on GPA)

CH35 Assistance Scholarship

Up to 50% of tuition

Union 3+1 Scholarship

Up to full tuition, including administrative and technology fees.

Yellow Ribbon Grant

50% of balance, per standard academic year, after all benefits are applied for Post 9/11 recipients at the 100% level