Financial Aid Summary for students who started spring 2022 and prior

A continuing student means a student who has been enrolled at Berkeley College during or prior to spring 2022 semester with continuous enrollment.

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 a 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 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 Achievement Award	Up to $4,275 based on GPA per standard academic year
Berkeley College Alumni Legacy Scholarship	Up to 25% of tuition after all federal and state grants and other resources are considered per standard academic year
Berkeley College Associate's to Bachelor's Grant	Up to 50% of Full time Pell and 50% of SEOG (if applicable). Eligibility is only for one time in the graduating semester in an associate's degree.
Berkeley College Bachelor Grant	Up to 50% of tuition per academic year (percentage varies based on GPA)
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 DECA/FBLA/HOSA Scholarship	Up to full tuition per standard academic year
Berkeley College Distinction Scholarship	40% of tuition per standard academic year
Berkeley College Graphic Design Scholarship	Award amounts vary based on portfolio evaluation
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% or full tuition after all federal and state grants and other resources are considered per standard academic year based on GPA
Berkeley College Interior Design Scholarship	Award amounts vary based on portfolio evaluation
Berkeley College International Achievement Award	Up to 25% of tuition per standard academic year
Berkeley College International Grant	Up to 25% of tuition per standard academic year
Berkeley College International Honors Scholarship	Up to 50% of tuition per standard academic year
Berkeley College Law Enforcement Scholarship	Up to 25% or 50% of tuition after all federal and state grants and other resources are considered per standard academic year. Up to 25% for part-time attendance and up to 50% for full-time attendance.
Berkeley College Phi Theta Kappa Scholarship	Up to 50% of tuition per standard academic year
Berkeley College Power of ONE New Student Referral Program	$8,500 for Associate's degree students per standard academic year $17,000 for Bachelor's degree students per standard academic year
Berkeley College Presidential Scholarship	Up to 50% or 100% tuition after all federal and state grants and other resources are considered per standard academic year based on GPA
Berkeley College Project Graduation Grant	Award varies based on extraordinary circumstances as determined by the College.
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 award 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 40% of tuition after all federal and state grants and other resources are considered per standard academic year (percentage varies based on GPA)
Yellow Ribbon Grant	50% of balance, per standard academic year, after all benefits are applied for Post 9/11 recipients at the 100% level
NJCECA Scholarship	Up to 1/3 of tuition every semester the student is eligible
Woodland Park Scholarship	Up to full tuition