Students who are awarded Search for Education and Elevation through Knowledge (SEEK), Federal Work-Study (FWS), Federal Supplemental Educational Opportunity Grant (FSEOG), 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 Student Aid Index (SAI)

The new Student Aid Index (SAI), replaced the Expected Family Contribution (EFC) calculation. Your Student Aid Index (SAI) is calculated using the information you provide on your Free Application for Federal Student Aid (FAFSA) form.

Cost of Attendance - Student Aid Index = Financial Need

The Cost of Attendance is a standard budget figure that includes tuition and fees, books and supplies, transportation and living expenses. The Student Aid Index (SAI) 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 SAI 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 SAI will appear on the Student Aid Report (SAR) you receive after you file your FAFSA.

Below is the Budget for the 2023-2024 academic year for the full-time undergraduate student at City Tech.

	Living with parent	Living away from parent
Tuition	$6,930.00	$6,930.00
Fees	$475.00	$475.00
Books and Supplies	$1,364.00	$1,364.00
Transportation	$1,122.00	$1,122.00
Lunch	$1,360.00	$3,522.00
Room and Board (Housing)	$4,750.00	$13,905.00
Personal	$1,772.00	$4,533.00
Loan Fees	$58.00	$58.00
Total	$17,831.00	$31,909.00