General Information - Finanical Aid Services

Financial Aid is Available to Those Who Qualify!

At NYADI, 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!


To apply for financial aid, an applicant is required to complete the Free Application for Federal Student Aid (FAFSA), which is used to determine eligibility for all Title IV programs and for New York State aid through the Tuition Assistance Program.
 

This form is available from the high school, the college Financial Aid Office, or directly from the College Scholarship Service, P.O. Box 176, Princeton, NJ 08540. The FAFSA is used to determine eligibility for Title IV federal financial aid. The financial aid office will help students fill out the form and secure necessary documentation.

 

The New York Auto and Diesel Institute is committed to providing educational opportunities for all qualified students regardless of financial need. A variety of financial aid programs makes it possible for even the neediest student to gain a college education. The college participates in Federal and State financial aid programs, including grants, loans, and work-study programs.
 

The amount of money available is based upon the student's financial need, which is determined by subtracting the amount of the family's resources available for college expenses from the estimated cost of attending the college. Financial need for all programs is measured by a comprehensive financial statement, the Free Application for Federal Student Aid Form (FAFSA). The college will defer any tuition payments due from a student upon application by the student for a grant for the expected amount. Funds received by the college on behalf of a student will first be applied towards the student's tuition. After the student's tuition is paid in full, he/she will receive whatever balance remains.

 

Financial aid decisions are made for the full academic year on the basis of financial need and the availability of funds. It is important to note that the availability of and eligibility for aid from Federal programs are not guaranteed from one academic year to the next and that students must reapply every year. Also, enrolled students must meet this institution's academic progress standards to continue qualifying for financial aid awards. All financial aid is awarded on the basis of need, regardless of race, color, religion, sex, sexual orientation, age, national or ethnic origin, handicap, marital, parental, or veteran status.

 

Students are encouraged to apply for financial aid at least eight weeks before the beginning of the term in order that the funds will be available in the first month. Students will receive their payments within one month of the college's receipt of the funds.

 

The official last day of attendance for a student who withdraws during the semester shall be the date the student officially notifies the college of their intent to withdraw, determination by the college that student does not intend to return to classes, or the date the student is terminated, whichever comes first. The official last day of attendance for a student who withdraws between semesters or does not return for a subsequent semester, shall be the last day of scheduled classes for the prior semester.
 

Students must register for a minimum of 12 credits each semester and must complete with a pass or fail grade a specific number of credits. Eligibility for an associate degree is limited to six semesters.
 

Standard

First Semester

Second Semester

Third Semester

Fourth Semester

Fifth Semester

Sixth Semester

Minimum number of credits

12

12

12

12

12

12

Minimum number of credits must be completed to pass or fail

6

6

9

9

12

12

 
 

Students must:
  • Have a high school diploma or its equivalent, or complete a high school education in a home school setting approved under state law.
  • Non-high school graduates must successfully pass an independently administered Ability-To-Benefit (ATB) entrance examination that is approved by the State Education Department and the Department of Education and be enrolled in an Eligible Career Pathway Program.
  • Be enrolled or accepted for enrollment as a regular student in an eligible degree or certificate program.
  • Be registered with Selective Service, if you are a male.
    • Men exempted from the requirement to register include;
      • Males currently in the armed services and on active duty (this exception does not apply to members of the Reserve and National Guard who are not on active duty);
      • Males who are not yet 18 at the time that they complete their application (an update is not required during the year, even if a student turns 18 after completing the application);
      • Males born before 1960;
      • Citizens of the Republic of Palau, the Republic of the Marshall Islands, or the Federated States of Micronesia*;
      • Noncitizens that first entered the U.S. as lawful non-immigrants on a valid visa and remained in the U.S. on the terms of that visa until after they turned 26.
  • Have a valid Social Security number unless you are from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau.
  • Completed a FAFSA and the school must have a current ISIR to start the initial eligibility process.
  • Sign certifying statements on the FAFSA stating that: 
    • you are not in default on a federal student loan; 
    • do not owe a refund on a federal grant; 
    • Sign the required statement that you will use federal student aid only for educational purposes.
  • Maintain satisfactory academic progress (SAP) while you are attending college or a career school.
  • Be enrolled at least halftime to receive assistance from the Direct Loan Program.
  • The Pell Grant program does not require half time enrollment, but the student enrollment status does affect the amount of Pell a student may receive. A student may receive Pell for a total of 12 payment periods or 600%. Once the student has reached this limit, no further Pell may be received.
In addition, you must meet one of the following:
  • Be a U.S. CITIZEN or U.S. NATIONAL
    • You are a U.S. citizen if you were born in the United States or certain U.S. territories, if you were born abroad to parents who are U.S. citizens, or if you have obtained citizenship status through naturalization. If you were born in American Samoa or Swains Island, then you are a U.S. national.
       
  • Have a GREEN CARD
    • You are eligible if you have a Form I-551, I-151, or I-551C, also known as a green card, showing you are a U.S. permanent resident.
       
  • Have an ARRIVAL-DEPARTURE RECORD
    • You’re Arrival-Departure Record (I-94) from U.S. Citizenship and Immigration Services must show one of the following:
      • Refugee 
      • Asylum Granted 
      • Cuban-Haitian Entrant (Status Pending) 
      • Conditional Entrant (valid only if issued before April 1, 1980) - Parolee
         
  • Have BATTERED IMMIGRANT STATUS
    • You are designated as a “battered immigrant-qualified alien” if you are a victim of abuse by your citizen or permanent resident spouse, or you are the child of a person designated as such under the Violence Against Women Act.
       
  • Have a T-VISA
    • You are eligible if you have a T-visa or a parent with a T-1 visa.
 

Students who lose their eligibility for financial aid but are not eligible for a waiver may apply to make up their deficiencies as a non-matriculated student without the benefit of financial aid or by being reinstated to the college after an absence of one calendar year. In the latter case, if it is mathematically impossible for the student's percentage of completed coursework to reach the required level by the end of the first semester after reinstatement or if, in the judgment of the Dean of Academic Affairs, it is highly improbable for the student's percentage of completed coursework to reach the required level, the student will be refused reinstatement.
 
 

Federal Pell Grant:
This grant program is designed to assist needy students who desire to continue their education beyond high school. Every student is entitled to apply for a Federal Pell Grant. Eligibility is determined by the student's need, the cost of attendance, and the amount of money appropriated by Congress to fund the program. The amount of the grant is determined by a standard formula used by the U.S. Department of Education. The maximum award for the 2017/18 academic year is $5,920. There is a 600% lifetime limit on Pell grant program funds.
 
Federal Supplemental Educational Opportunity Grant (FSEOG):
This grant is available to students with exceptional financial need. In determining student eligibility, the college will base the selection on procedures designed to make Federal SEOG awards to those students with the lowest Expected Family Contribution (EFC) who will also receive a Federal Pell Grant in that year. The amount of the grant and the number of students who may receive it depend on the availability of funds from the U.S. Department of Education.
 
Federal College Work Study (FCWS):
The Federal Work-Study program provides part-time employment on campus or off campus (community service) to a student who needs supplemental earnings to defray the cost of attendance. Eligibility is based on financial need and the availability of funds. As funds are limited, the applicant must first apply, be interviewed and hired into a position and apply the terms of part-time employment. Application may be made through the Financial Aid Office. Salary would be paid at the minimum wage and students can work up to twenty hours weekly.
 
Federal Direct Student Loan Program:
There are two types of direct loans. Subsidized direct loans are based on demonstrated financial need and the federal government pays the interest while the student is in school. Non-need-based direct loans are “Unsubsidized” and the student is responsible for the interest during in-school and deferment periods. Students may be eligible for both need-based and non-need-based loans but the combined totals may not exceed direct limits.
 
The repayment period on Direct Student loans begins six months after the student is no longer enrolled at least half-time. Interest accurse during those six months and is payable by the student. For each academic year, a dependent undergraduate may borrow a maximum of $5,500 ($3,500 Sub and $2,000 Unsub) as a first-time student and a maximum of $6,500 ($4,500 Sub and $2,000 Unsub). There is an aggregate loan limit of $31,000 of which $23,000 may be subsidized. If a parent is turned down for the PLUS loan the student may borrow $57,500 of which $23,000 may be subsidized. For each academic year an independent undergraduate student may borrow up to $9,500 ($3,500 Sub and $6,000 Unsub) as a first year student; and up to $10,500 ($4,500 Sub and $6,000 Unsub) as a second year student.
 
The loan fee for a Direct Subsidized loan and for a Direct Unsubsidized loan is 1.073 for loans when the first disbursement is made on or after October 2014 and before October 1, 2015. In order to apply for and receive funds, you must be registered for a minimum of six credits. The federal Direct Loan Program offers four repayment plans. Every student who borrows a loan must receive entrance and exit counseling. During each counseling session the student will receive detailed information about the repayment plans.
 
Federal Parent Loans for Undergraduate Students (PLUS):
Parents may borrow an amount up to the cost of attendance less any financial aid each year for each financially dependent student. The loan fee for a Direct Plus loan is 4.292%. Repayment begins 60 days after the last disbursement. When the parent responds requesting the loan, an application/promissory note will be sent to the parent. This must be completed and signed by the student’s parents and returned to the Financial Aid Office. A credit check will be done by the lender. Upon approval the funds will be credited to the student’s account, and any excess will be refunded to the parent. A parent may apply for a Plus Loan without filing a FAFSA. However, it is strongly recommended that the FAFSA be filed in order to take advantage of receiving the lower interest rate Stafford Loan.
 
Tuition Assistance Program (TAP):
Residents of New York State who enroll in a full-time program may apply for awards up to $4,000 per academic year. Awards may not exceed cost of tuition and are subject to State funding and award level. To apply for TAP students must complete the FAFSA and the New York State TAP application. To remain eligible for TAP awards students must meet program pursuit and academic standards.
 

Before being certified  for a payment.

First Semester

Second Semester

Third Semester

Fourth Semester

Fifth Semester

Sixth Semester

A student must have accrued at least this many credit hours.

0

10

24

36

48

60

With at least this cumulative grade point average.

0

1.5

1.8

2.0

2.0

2.0

 
Veterans Benefits: 
Selected programs of study at NYADI are approved by the Veterans Commission for enrollment of those eligible to receive benefits under Section 3676, Chapters 30/32, Title 38.  Many programs of educational assistance benefits are available to those who have served in the active military, naval, or air service and to their dependents. NYADI is fully approved to conduct college level education programs for veterans. Detailed information is available from offices of the Veterans Administration.
 
Vocational and Educational Services for Individuals with Disabilities ACCES-VR:
Students with disabilities seeking vocational training are encouraged to contact ACCES-VR for information and official forms and procedures.  Adult Career and Continuing Education Services-Vocational Rehabilitation, 89 Washington Avenue, Albany, N.Y. 12234 or call   1-800-222-5627, for additional information.
Additional sources of financial assistance: 
  • Regents Awards for Children of Deceased and Disabled Veterans.
  • Regents Awards for Children of Deceased Police Officers, Firefighters and Corrections Officers.
  • Regents Awards for Children of Deceased State Corrections Officers and State Civilian Employees of a Correctional Facility.
  • New York State Aid to Native Americans.
  • Vietnam Veterans Tuition Award Program.
  • Contact the Financial Aid office for more information.
 

Each year at least 30% of financial aid recipients are randomly selected for verification by the U.S. Department of Education. If a student is selected for federal verification, they will be asked to complete a Verification Worksheet and must provide additional information before financial aid can be disbursed to the student account. This documentation may include but is not limited to federal income tax transcript and W-2 forms (student’s, spouse and/or parents/guardians), proof of untaxed income, housing allowances, etc.
 

A student who is placed on academic probation may apply for a one-time waiver, in order to continue to receive financial aid. Students are permitted one waiver throughout their undergraduate career. In order to apply for a waiver, a student must present documentation of exceptional or extraordinary circumstances which must be approved by the Dean of Academic Affairs.