Understanding Financial Aid

Award Limits

Aid is awarded for one year

All forms of financial aid -- scholarships, grants, jobs, and loans -- are committed for the period of one academic year only and must be reapplied for annually.

Exceptions are the President’s, Dean’s, Ithaca Recognition, Ithaca Premier Talent, and ALANA scholarships and the Carl Sgrecci Scholarship in Business, Rod Serling Scholarship in Communications, Laurence S. Hill and Adrian M. Newens Scholarship in the Health Professions, Shirley Hockett Scholarship for the Natural Sciences, Mathematics, and Computer Sciences, John B. Harcourt Scholarship for the Humanities, Arts, and Social Sciences, Willard T. Daetsch Scholarship for Interdisciplinary and International Studies, Patrick Conway Scholarship for Music, and the Flora Brown Award, which are based on merit or a combination of merit and talent.

The Ithaca Sibling and Ithaca Heritage grants do not require any applications.

Aid goes with you if you transfer

Ithaca College need-based scholarships and grants remain with the student regardless of transfer from school to school, as long as he or she continues to demonstrate financial need, maintains full-time status, and meets the College's standards for good standing and satisfactory progress for state and federal programs.

Aid is renewed as long as you're progressing

Ithaca College President’s, Dean’s, ALANA, and school-specific named scholarships are renewed for the student until he or she completes his or her bachelor’s degree program as long as he or she maintains full-time status and a cumulative grade point average of 3.00 at the end of each spring semester, and meets the College’s standards for good standing and satisfactory status. A student must complete at least 12 credits per semester to be considered as making satisfactory academic progress for the purpose of the merit program.

The same criteria apply to the Flora Brown Award, which does not have a minimum cumulative grade point average.

Aid terminates if you withdraw from the College

A student automatically forfeits financial aid when he or she withdraws, is suspended, or is dismissed from any program at Ithaca College. President’s, Dean’s, ALANA, Ithaca Recognition, and school-specific, named, merit-based scholarships, and the Flora Brown Award are not renewed if a student withdraws from the College or returns to the College without an approved leave of absence.

A student who does not enroll full time or who drops to part-time status loses his or her merit award for that semester. Students taking a leave of absence must contact the Office of Financial Aid before leaving school. All financial aid must be reapplied for under the usual guidelines for students who wish to return.

Special TAP Standards

There are special New York State standards for students receiving Tuition Assistance Program (TAP) awards (see Tuition Assistance Program). Financial aid recipients must notify the Office of Financial Aid of changes to part-time status, internal transfers to others schools, and any changes of majors.

Aid is adjusted as need changes

Should a student's financial need increase, his or her financial aid may be increased; should a student's need decrease, need-based financial aid may be decreased. Need-based scholarships and grants are not renewed if a student fails to meet the prescribed deadlines or if funds become unavailable for any reason.

Overall time limit for Aid

Financial aid is usually terminated after eight semesters unless the course of study normally requires additional semesters. Financial aid for transfer students is terminated at the completion of the number of semesters the student's dean designates for degree completion when the student enters the College. Exceptions to these time limitations must receive the approval of the student's academic dean and the Office of Financial Aid. A student retains financial aid as long as he or she meets the standards prescribed for satisfactory progress and program pursuit for each specific program from which the student receives funds.

Report all awards

Recipients of financial aid are required to report all financial aid awards received from outside organizations and agencies immediately upon receiving such assistance. The report must be made in writing to the financial aid office. Use the Outside Scholarship Form to report outside awards not listed on your award letter. (See Downloadable Forms.) Ithaca College reserves the right to change financial aid awards when students receive additional awards from any source. Award packages normally include estimates of anticipated Pell grant and state scholarship awards. In the event that the actual award is larger than estimated, Ithaca College awards may be reduced. Should actual awards be less than estimated, an increase in Ithaca College awards may be considered, if funds are available.

Office of Financial Aid  ·  330 Egbert Hall  ·  Ithaca College  ·  Ithaca, NY 14850  ·  (800) 429-4275  ·  (607) 274-3131  ·  Fax: (607) 274-1895  ·  finaid@ithaca.edu