Financial Aid Summary for students who started fall 2022 and later

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 2024-2025 up to $7,395 per standard academic year with Year-Round Federal Pell Grant up to $11,092.50 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 or less (it can go as low as negative 1500) Student Aid Index (SAI). FSEOG for the 2024-2025 standard academic year is based on fund availability. Due to the significant delay of the 2024-2025 FAFSA, this year we had to package the Spring 24/Fall 24 cohort in two parts. For Spring we used the 2023-2024 FAFSA and created one semester packages. We used the 2024-2025 FAFSA to create one semester packages for the Fall. Because our 2023-2024 FSEOG Federal Allocation was used for earlier semesters, we could not package FSEOG for the Spring 2024 term. Since we are required to treat everyone in the same cohort (Spring/Fall) equally, we could not package FSEOG for these students in the Fall 2024 term either. For the Fall 2024/Winter 2025 awards, the value of the award is $250 for full-time students (12 credits or more) and $100 for part-time students (less than 12 credits).
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

Award	Award Amount
Tuition Aid Grant (TAG)	Up to $14,404 per academic year
Summer Tuition Aid Grant (TAG)	Up to $7202 Summer TAG award for the spring 2024 semester
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).
Part-Time Tuition Assistance Program (TAP)	Effective Fall 2024 students can receive a percentage of their otherwise full-time TAP (see proration table on New York State Financial Aid page of this catalog).
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.

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 after all federal and state grants and other resources are considered 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 after all federal and state grants and other resources are considered 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 Honors Scholarship	Up to 50% after all federal and state grants and other resources are considered per standard academic year based on GPA
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 New Jersey Opportunity Grant	Qualified residents of New Jersey can receive the balance of tuition and fees after all federal and state grants have been applied.
Berkeley College Newark Promise Grant	Qualified residents of Essex County, NJ can receive the balance of tuition and fees after all federal and state grants have been applied.
Berkeley College New York Tuition Relief Grant	New York State residents who meet specific criteria enrolled full-time in an Associate degree program attending Berkeley New York City or NY online can qualify for a reduction in loans or out-of-pocket balance for tuition and fees.
Berkeley College New York Tuition Relief Grant II	New York State residents who meet specific criteria enrolled full-time in an Associate or Bachelor degree program in New York City onsite can qualify for a reduction in loans or out-of-pocket balance for tuition and fees.
Berkeley College Presidential Scholarship	Each campus awards one student a full tuition scholarship each academic year and all other eligible students may receive up to a 30% of tuition scholarship after all federal and state grants and other resources are considered.
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 after all federal and state grants and other resources are considered per standard academic year
Berkeley College TAP Grant (NY only)	$1,500 per standard academic year (eligible for only Full-Time TAP recipients)
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 after all federal and state grants and other resources ae considered 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