All recipients of need-based financial aid must demonstrate eligibility as determined by institutional policy. For the purpose of Ithaca College need-based programs, the calculation of financial need will not include parents attending college or other family members attending graduate school. In awarding institutional need-based grants or scholarships, Ithaca College uses the New York State Tuition Assistance Program (TAP) definition to determine whether a student has independent status. Applicants who have received a prior undergraduate degree will not be considered for institutional need-based financial aid.
Further information about application procedures is found in the section "Financial Aid Eligibility and Renewal."
Dana Internship Program
The Dana program provides educationally relevant work opportunities for highly qualified students with financial need. The Dana student work experience takes place during the academic year and/or over the summer. Students may work during the academic year with faculty on special projects or in the local community at nonprofit organizations. A summer program may also include corporate settings outside the area. Applicants may be current freshmen, sophomores, or juniors who demonstrate financial need. Application must be made annually through the financial aid office. Awards range from $3,025 during the academic year to as much as $4,375 for full-time summer internships. A portion of the award is paid directly to the student over the course of the summer or academic year, with the remainder applied to the student's College account. Created through a grant from the Charles A. Dana Foundation, this program is intended to help students discover new academic directions while reducing their loan burden.
These scholarships are given to select entering undergraduate students of exceptional academic ability, regardless of their financial need. The awards are in recognition of superior academic achievement with the expectation of continuing pursuit of academic excellence. All incoming students are automatically considered for President's, Dean's, and ALANA Scholarships; no special application is necessary. ALANA Scholarship recipients must be members of an underrepresented group.
President's, Dean's, and ALANA Scholarship amounts vary depending upon the date attendance began. President's Scholarships range from $7,000 to $13,000. Dean's Scholarships range from $3,000 to $7,000. ALANA Scholarships range from $2,000 to $8,000. Entering students who are Phi Theta Kappa members and possess a cumulative college GPA of 3.50 or greater will minimally qualify for a Dean's Scholarship at the time attendance began. The President's, Dean's, and ALANA Scholarships may be renewed annually for the duration of the student's undergraduate study, as long as the student maintains full-time enrollment, a minimum cumulative GPA of 3.00, and satisfactory progress toward a degree. A review of each student's academic performance is conducted by the financial aid office before approval for renewal.
Ithaca College Merit Scholarship
Ithaca College is a sponsor in the National Merit Scholarship Corporation (NMSC) program, which provides scholarships of up to $2,000 to students who list Ithaca College as their first-choice institution to NMSC in accordance with NMSC guidelines. In addition, Ithaca College provides these students with a $13,000 Ithaca College President's Scholarship. These awards are renewable on an annual basis for up to eight semesters. Full-time enrollment and good academic standing are required.
Ithaca College National Merit Recognition Award
Students who list Ithaca College as their first choice to NMSC in accordance with NMSC guidelines but do not meet NMSC criteria for the Ithaca College Merit Scholarship, or receive less than the maximum award, are eligible to receive up to $2,000 in an Ithaca College National Merit Recognition Award. In addition, Ithaca College provides these students with a $13,000 Ithaca College President's Scholarship. These awards are renewable on an annual basis. Full-time enrollment and good academic standing are required.
Martin Luther King Jr. (MLK) Scholar Award
First-year undergraduate students who have a high school ranking in the top 10 percent, 1200+ SAT scores, and community service involvement and who embody the ideals of Martin Luther King Jr. may be considered for an MLK award. A separate application is required; it is available from the admission office. The minimum award is $13,000 or $15,000, depending on date enrollment began. Amounts exceeding $15,000 are based upon financial need. Full-time enrollment is required.
Ithaca Leadership Scholarship
Recipients must possess a demonstrated record of leadership and above-average academic performance. A separate application is required and is available from the Office of Admission. The award is $6,000 and is renewable contingent upon continued demonstration of leadership and a cumulative GPA of 2.75 at the end of each spring semester. Full-time enrollment is required.
Ithaca Premier Talent Scholarship
These awards are for selected new students who are majoring in music and theater -- programs where artistic, technological, managerial, or theatrical talent is a criterion for acceptance into the major. The maximum award is $13,000 and is renewable annually. Good academic standing and full-time enrollment are required.
Ithaca Sibling Grant
This non-need-based grant is awarded to students who have a con-currently enrolled brother or sister at Ithaca College. The award amount is $1,000 per year. Full-time enrollment is required.
Ithaca Heritage Grant
This award is provided to children of Ithaca College alumni. Proof of alumni relationship must be provided to the Office of Financial Aid upon request. The award amount is $1,000 per year. Full-time enrollment is required.
Ithaca Access Grant
This is a need-based grant. Full-time enrollment is required and students must reapply for the grant each year.
Ithaca Opportunity Grant (IOG)
This program is offered to select students who are academically prepared, meet College admission standards, have considerable financial need, and are of African American, Asian/Pacific Island, Hispanic, or Native American origin. Students receiving IOG funds will also be considered for state, federal, and other funds. These awards are need-based and provide assistance up to the full cost of tuition.
W. G. Egbert Founder's Grant
This program provides limited amounts of grant assistance to select students on the basis of high financial need as determined by the College. Full-time enrollment is required and students must reapply each year.
Ithaca-New York State HEOP Grant
The Ithaca College-New York State Higher Education Opportunity Program (HEOP) provides need-based grants to students who have been accepted to the College under New York State HEOP program guidelines. Students' academic records and family income levels must fit criteria set by New York State. For further details on New York State HEOP grants, see "Academic Services, OMA Academic Programs." For academic information, see "Academic Standing and Progress."
Ithaca Employment Opportunities
Eligible students may be employed under one or both of the following programs: federal work-study (FWS) or campus employment. Potential job opportunities may be found at www.ithaca.edu/finaid. All incoming students are required to work one semester in the dining services. Campus employment is a College-funded program designed to offer employment opportunities to students, but it is not based on financial need. Additional information on FWS may be found in "Federal Work-Study (FWS) Program."
The amounts awarded through FWS and/or campus employment generally range from $2,200 to $2,900. Award offers are not a guarantee of employment. It is the student's responsibility to seek and accept employment and to work sufficient hours to earn the work award offered. Payment is made biweekly, usually via direct deposit.
The potential earnings from a work award will not be credited to a student's account or considered as an anticipated payment at the Office of the Bursar, since there is no guarantee that the money will be earned. Money earned through work-study employment may be used at the student's discretion.
Ithaca Advantage Loan
This is a limited loan program offered to a select number of students who may not qualify for a federal Perkins loan. The program does not require payments while the borrower is in school, and provides a six-month grace period and a 13-year repayment period. A 5 percent origination fee may be added to the gross amount borrowed depending on borrower and/or cosigner creditworthiness, which is determined by the lender, First Marblehead. There is no penalty for prepayment. The interest rate is variable and adjusted quarterly based on the 30-day LIBOR rate plus 2.85 percent for creditworthy borrowers with or without a cosigner. For all others, the interest rate is the 30-day LIBOR rate plus 3.35 percent. As of January 2004 the rates are 4.89 percent and 5.39 percent, respectively. Borrowers are subject to a credit test. A cosigner is strongly recommended but not required.
A. Ozolins, Office of Creative Services, 15. July, 2005