General Information - Finanical Aid Services

Financial Aid is Available to Those Who Qualify!

At New York Automotive and Diesel Institute, we believe in helping you find a way to reach your career goals. Our Financial Aid counselors are knowledgeable and will help you apply for financial aid if you are eligible. They will  provide you with all the guidance you need to create a financial aid and tuition planning strategy that’s right for you.

To begin, we will work with you one-on-one to complete the FAFSA form (Free Application for Federal Student Aid). This form helps to determine what financial aids options might be available to you. From there, we can help you set up a tuition planning strategy that works for you.

Please contact the Financial Aid counselor at 718-658-0006 ext. 4030 or via email at financialaid@nyadi.edu to get started or if you have any questions about financial aid and funding source. The office can also provide you with all of the forms that you need to complete to apply for financial assistance.

Contact a Finanical Aid Counselor Today!
 

TYPE OF AID AVAILABLE TO STUDENTS
GRANTS
Grants are financial aid that does not have to be repaid. Students may be eligible for Title IV Pell Grants. The amount will be based on the student’s financial need, cost of tuition and fees. Students may also be eligible for Federal Supplemental Educational Opportunity Grants.

LOANS
Loans must be repaid with interest. NYADI participates in the Direct Loan Program. Students may be eligible for a subsidized loan (interest on the loan is paid by the Department of Education while the student is enrolled in school) and an unsubsidized loan (interest is accrued on the loan from disbursement and will be capitalized into the principal). Parents of dependent students may be eligible for a PLUS Loan. Repayment of subsidized and unsubsidized loans begins six months after a student graduates from the program, drops below half time attendance, or withdraws.

FEDERAL WORK STUDY PROGRAM
New York ADI participates in the Federal Work Study Program (FWS).  This program allows eligible students to work part-time both on and off campus.  FWS is part of the Federal Financial Aid Program therefore the student must complete the FAFSA in order to determine eligibility.  If interested in FWS be sure to check that on your FAFSA and see your Financial Aid Administrator.

STUDENT FINANCIAL AID ELIGIBILITY
To receive aid from any of the federal student aid programs, the student must meet all the following criteria:

Demonstrate financial need
Have a high school diploma or GED/TASC or  pass a test approved by the U.S. Department of Education
Be enrolled or accepted for enrollment in an eligible program
Be a U.S. citizen or eligible noncitizen
Have a valid social security number
Meet the satisfactory academic progress of the school
Certify that aid will be used for education only
Certify that you are not in default on any student loan
Register for Selective Service. (Male students)
 
STUDENT FINANCIAL AID RIGHTS
You have the right to know the following:
The full amount of the loan
The interest rate
The date you are to start repayment of the loan
A complete list of charges you must pay and information on how those charges are collected
Information about the yearly and total amounts you can borrow
Information about the maximum repayment periods and the minimum repayment amount
An explanation of default and its consequences
An explanation of available options for consolidating or refinancing your loan
A statement that you can prepay your loan at any time without penalty
 

STUDENT FINANCIAL AID RESPONSIBILITIES
You have a responsibility for the following:

Repayment of the loan according to the terms of the note regardless of whether or not you complete the program.
Attending an exit interview upon completion of the program or falling below half time enrollment.
Notifying the school and Direct Loan Servicing Center if you: change your name, move/change address, transfer to another school, withdraw from school, graduate, change the expected graduation date, failure to enroll or reenroll in school for the period for which the loan was intended.
Making monthly payments on the loans unless you have a deferment or forbearance.
Notifying the U.S. Department of Education’s Direct Loan Servicing Center of anything that might alter your eligibility for an existing deferment. 
 
REFUND POLICY
The Tuition Liability Policy of the New York State Education Department is utilized to calculate all refunds. The mount of the refund shall be calculated based on the last day of student attendance.  Any refund due to a student shall be paid by the school within forty-five days of the date on which the student withdraws from the program. This date shall be the earliest of:
 
the date on which the student gives written notice to the school or
the date on which the student fails to return from an approved leave of absence or
the date on which the student is deemed to have withdrawn based upon the following:
  If a student has failed to attend classes for a period of seven (7) consecutive calendar days, the school shall send by regular mail a notice to the student that they shall be deemed to have withdrawn from the program.  If the student fails to respond within the following seven (7) day period, the student shall be deemed to have withdrawn from the program.  Within the fourteen (14) day period and based on the student’s last day of attendance, the school will perform a Return to Title IV refund calculation.  If a refund is due, said refund will be issued within forty-five (45) days.
PLEASE NOTE
  1. No student taking an entrance examination will incur any financial liability to the School until after he/she has passed the examination and then signs the enrollment agreement.
  2. A student who cancels within seven (7) days of signing the enrollment agreement, will receive a full refund.
  3. A student who has his/her application rejected by the school, will receive a refund of all monies paid.
  4. Thereafter, a student will be liable for:
  • the non-refundable registration fee plus;
  • the cost of any textbooks or supplies accepted plus;
  • tuition liability based on the student’s last date of attendance.

TUITION LIABILITY

Tuition liability is divided by the number of terms in a program. The 900-hour daytime Certified Automotive Technician and Certified Truck & Diesel Technician programs consist of two (2) terms of fifteen (15) weeks. The 1,440-hour daytime Master Certified Automotive Technician, Master Truck & Diesel Technician and Master Certified Collision Repair Technician programs consist of three (3) terms of sixteen (16) weeks. The 900-hour evening Certified Automotive Technician and Certified Truck & Diesel Technician programs consist of two (2) terms of seventeen (17) weeks and one (1) term of sixteen (16) weeks. The 1,440-hour evening Master Certified Automotive Technician, Master Truck & Diesel Technician and Master Certified Collision Repair Technician programs consist of five (5) terms of sixteen (16) weeks. Total tuition liability is limited to the term during which the student withdrew or was terminated and any previous terms completed.
 
If termination occurs school may keep
(a)         First Term and Second Term* (b)         Subsequent Terms  
Prior to or during the first week………………… 0% During the first week…………………………….. 20%
During the second week………………………… 20% During the second week…………………………. 35%
During the third week…………………………… 35% During the third week……………………………. 50%
During the fourth week………………………….. 50% During the fourth week………………………….. 70%
During the fifth week……………………………. 70% After the fourth week……………………………. 100%
After the fifth week……………………………… 100%    
 
A student refund may be greater than stated above if ACCSC and/or USDOE requirements result in a greater refund.
 
*If a student withdraws during the second term, the school must use the “First Term” schedule unless the school can demonstrate that no significant educational change has occurred in the program as of the students last date of attendance. See the Student disclosure Notice (BPSS-114).
 
The failure of a student to notify the School Director, in writing, of withdrawal may delay the refund of tuition pursuant to section 5002 of the Education Law.
 
Federal Rules regarding the return of Title IV funds may require the full or partial return of federal monies previously credited to the students account. Information and/or examples of the application of this policy and a return of federal funds Calculation Worksheet can be obtained by students upon request from the Financial Aid Office.
 
CANCELLATION POLICY
Applicants who have not visited the school prior to enrollment will have the opportunity to withdraw without penalty within three business days following either the regularly scheduled orientation procedures or following a tour of the school facilities and inspection of equipment where training and services are provided.
 
All monies paid by the applicant must be refunded if requested within three days after signing an enrollment agreement and making an initial payment.  An applicant requesting cancellation more than three days after signing an enrollment agreement and making an initial payment, but prior to entering the school, is entitled to a refund of all monies paid minus a registration fee of 15% of the contract price of the program, but in no event may the school retain more than $150.
 
TUITION REIMBURSEMENT
The Tuition Reimbursement Account is designed to protect the financial interest of students attending proprietary schools. If a school closes while you are in attendance, prior to completion of your educational program, then you may be eligible for a refund of all tuition expenses, which you have paid. If you drop out of school prior to completion and you file a complaint against the school with the State Education Department, you may be eligible to receive a tuition refund if the State Education Department is able to provide factual support that your complaint is valid and that there was a violation of Education Law or the Commissioner’s Regulation as specified in Section 126.17 of the Commissioner’s regulations.
 
GAINFUL EMPLOYMENT
Please click here for detailed information regarding student indebtedness and graduation rates.  You will also find a link to the website that describes various fields where our students may be employed.
 
Visit our Net Price Calculator to discover the gift aid available at our institution as well as the cost of attending.
 
COST OF ATTENDANCE
The Cost of Attendance is a yearly figure (for 8 months of school) that represents the costs associated with attending school.  It is composed of the following educational expenses in accordance with federal guidelines:
 
Tuition
Transportation
Books and Supplies 
Miscellaneous and personal living expenses
Housing and food
Federal student loan fees
Please see your Financial Aid Administrator for your individual Cost of Attendance.
 
FINANICAL AID DEPARTMENT OFFICE
Telephone: 718-658-0006 ext. 4030 or email at financialaid@nyadi.edu
Day From To
Monday 9:00 AM 7:00 PM
Tuesday 9:00 AM 7:00 PM
Wednesday 9:00 AM 7:00 PM
Thursday 9:00 AM 7:00 PM
Friday 9:00 AM 3:00 PM
Saturday Closed
Sunday Closed