The Award Letter
Students who are awarded Search for Education and Elevation through Knowledge (SEEK), Federal Work-Study (FWS), Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Perkins Loan (FPL) or Aid for Part-Time Study (APTS) will receive an award letter from the Financial Aid Office. If after receiving your award letter, you think you need additional funds, you may apply for William D. Ford Federal Direct Loans. Please review the steps for applying as outlined on this website. Remember, filing your FAFSA is the first step in applying for a William D. Ford Federal Direct Loan.
The Basic Expenses
The basic expenses at New York City College of Technology include tuition and fees and textbooks and school supplies. You should also make allowances for transportation and living expenses. For more detailed information on tuition and fees, please visit Admissions.
Financial Need and Expected Family Contribution (EFC)
Aid for most programs is determined by availability of funds as well as financial need (except for Direct Unsubsidized Loans and Direct PLUS Loans). Financial need is determined by the following formula:
Cost of Attendance - Expected Family Contribution = Financial Need
The Cost of Attendance is a standard budget figure that includes tuition and fees, books and supplies, transportation and living expenses. The Expected Family Contribution (EFC) is a measure of your family's financial strength and indicates how much of your and, if dependent, your family's financial resources should be available to help pay for your education. The EFC is calculated according to a formula established by the U.S. Congress from the information you report on the FAFSA. The resulting Financial Need determines your eligibility for the various federal aid programs. Your EFC will appear on the Student Aid Report (SAR) you receive after you file your FAFSA.
Below is the Budget for the 2014-2015 academic year for the full-time undergraduate student at City Tech.
|Living with parent||Living away from parent|
|Books and Supplies||$1,304.00||$1,304.00|