Does FIT require that I submit any forms in addition to a Free Application for Federal Student Aid (FAFSA)?
What is FIT's "Title IV" School Code for the FAFSA?
Our code is 002866. Be sure to include the name Fashion Institute of Technology and our address, 227 West 27th Street, New York, New York 10001.
How do I renew my FAFSA?
If you applied for financial aid last year and meet certain conditions, the U.S. Department of Education will send you an electronic notification for a Renewal FAFSA on the Web. You will be required to use your FSA ID. If you are a dependent student your parent will also need to use his or her FSA ID. A renewal FAFSA requests the same information that a regular FAFSA requires, however, the renewal contains most of the information you submitted on your application last year. You will be asked to update specific information required for the new school year. If you prefer, you can start a new FAFSA. To reapply you should submit only one application per academic year. See How to Apply.
When will I receive an award letter?
Newly admitted students who apply by the priority deadline of February 1st and submit all required documents should receive an email before May 1st containing financial aid award information. Current students who apply by the January 15th deadline and submit any requested documentation by June 1st, should receive financial aid notification before July 1st.
NOTE: Prompt attention to requests for additional information will avoid delays in the processing of your financial aid. Students that have applied on time and submitted all required documentation by June 1st will be processed in time for financial aid to be credited to their FIT bills.
I am not matriculated in a degree program. Can I still get financial aid?
No, you must be in a degree program in good academic standing to be eligible for financial aid. Some alternative loans are available based on your credit or with a qualified co-signer.
I can't take 12 or more credits and will be a part-time student. Can I apply for financial aid?
Part-time students are eligible for limited forms of financial assistance. Students can apply for Pell Grants, Direct Stafford Loans, or aid from the Part-Time Study program (APTS), which is for New York State residents only. A student may also qualify for Part-time TAP by applying for aid through the TAP program.
I am a New York state resident, how can I apply for the Tuition Assistance Program (TAP)?
In order to be eligible for TAP, you must first complete the FAFSA and be taking 12 credits that are required in your degree program. (If you register for fewer than 12 credits, you may be eligible for either Part-time TAP or Aid for Part-Time Study - APTS). You can complete the TAP application at the same time you complete the FAFSA by using the link on the final page of the FAFSA web application.
If you do not apply at that time, an email from HESC will be sent to you with instructions for completing the online TAP application. If more than two weeks pass after you submit your FAFSA and you have not been contacted by HESC, go to hesc.ny.gov. Be sure to use FIT's school code when you fill out your application: 2070 for AAS and one-year students; 0975 for BA students. See How to Apply.
I am a New York state resident, how can I apply for the Excelsior Scholarship?
I know that I won't qualify for any financial aid, so why should I submit a Free Application for Federal Student Aid?
This assumption is a common mistake made by both students and parents. If you are a U.S. citizen or eligible non-citizen, and you're at least a half-time student in a degree program, you may be eligible for some type of aid regardless of your or your parent's income or assets.
Do I need to be admitted before I apply for financial aid?
No, you should apply for aid as soon as possible by February 1st. To actually receive your award letter, however, you must be accepted into a degree program.
Do I have to apply for financial aid every year?
Yes, if you want to receive financial aid you must apply every year. The FAFSA application will be available after October 1st for the following academic year, using the prior year tax information. The FIT deadline for priority consideration is February 1st for new applicants and January 15th for current FIT students.
I've heard about scholarship money available nationwide that nobody claims; how do I get it?
There are free scholarship searches on the web and the public library is also an excellent source of information. There are funds available; this may require some research and work. Beware of search firms that charge fees. See External Scholarships.
What is an entrance interview/counseling?
If this is your first Direct Stafford Loan or Perkins Loan at FIT, you must complete an entrance interview/counseling session. In order to meet Direct Stafford Loan requirement, you can attend one of the group sessions provided by Financial Aid Services or you can complete the requirement online at StudentLoans.gov. Perkins Loan entrance/exit interviews are administered by the Bursar's Office.
How do I apply for a Direct Parent Loan and how much am I eligible to borrow?
Parents of dependent students are eligible to apply for a Direct Parent PLUS Loan for the cost of education minus any financial assistance.
How do I apply for a Graduate PLUS Loan and how much am I eligible to borrow?
Students in a graduate program are eligible to apply for a Graduate PLUS Loan.
According to my award letter I am eligible for Federal Work Study. How do I get this money?
The Federal Work-Study program provides both on-campus and off-campus employment opportunities. Financial Aid Services assigns jobs. The hourly rates range between $8.00 per hour on-campus and up to $12.75 per hour for off-campus jobs.
May I use my financial aid funds to buy books and supplies?
For students expecting private loans and/or other financial aid to cover rent, books, and any other non-FIT costs, please come to FIT prepared to pay for these items. Refund checks will not be issued until the end of the first week of classes AND then only if the funds are in your account. Please be aware that TAP and APTS Grants disburse later in the semester.
Can I apply for financial aid for the summer?
Pell eligible students may be eligible for Pell Grant funding for the summer. Inquire at Financial Aid Services regarding Summer Pell or other available aid .
I am an international student. Am I eligible for financial aid?
If you are attending college on a student visa you do not qualify for federal or state aid. However, we recommend applying for outside or private scholarships as well as contacting your embassy for information, which may assist you. Some alternative loans are available with a qualified U.S. co-signer.
My mail has been going to the wrong address even though I changed it. What should I do?
At FIT, the Registrar at the college maintains your address. You must contact that office regarding any address changes.
For changes to your address on the FAFSA, if you have a FSA ID and your application has been processed, then you may use Corrections on the Web on the FAFSA website. If you do not have a FSA ID, you should go to fsaid.ed.gov. You can also contact a customer service representative online, by selecting the "Live Help'' button on the FAFSA website. It is important that the college as well as any agency, (i.e. the Federal processor, and your lenders), have a valid address so they can reach you. Requests for documents and letters will be sent to the address maintained by the Registrar.