Apply for Financial Aid

 

The FAFSA Application

There will be major changes to the 2024-2025 FAFSA application form. As a result of these changes, the new application will be available January 30, 2024. 

2024-2025 FAFSA Updates

 

FAFSA Application Form:

You will use your 2022 tax information for  both student and parent(s) for the 2024-2025
academic year.

FIT FAFSA Code: 002866

New York State - FIT TAP Codes:   
AAS Program-2070  
BA/BFA/BS - 0975 

Financial Aid Forms

To access Financial Aid FERPA forms, loan requests, and any documents you have been instructed to download from Financial Aid Services.

 

Special Circumstances:

There may be situations when a student's true and current financial situation is not fully reflected by the questions on the FAFSA. These students may be considered on a case-by-case basis for a special circumstances review called "Professional Judgement" under the guidance of the U.S. Department of Education (ED). 

 

Application Steps - Academic Year 2023-2024

These steps are for the current academic year.  For the the 2024-2025 academic year, go to the the link to 2024-2025 FAFSA Updates.

This step should be done only the first time you apply for aid.

Before you begin the FAFSA application, both the student and the parent will need to create an FSA ID. While you can get your FSA ID as you are completing your FAFSA, we recommend getting it ahead of time to start your FAFSA application and cut down on errors and delays. 

Your FSA ID is a username and password combination that will give you access to the Federal Student Aid online systems and will serve as your legal signature when completing your application. 

The FSA ID Process consists of three main steps:

1.  Enter your log in information.

2.  Enter your personal information.

  • Provide answers to five challenge questions.
  • Include your mailing address, email address, telephone number, and language preference.
  • Provide your Social Security number, name, and date of birth. When you create your FSA ID, be careful to enter your name and Social Security number exactly as they appear on your Social Security card.

3.  Submit your FSA ID information.

  • Agree to the terms and conditions.
  • Verify your email address.
    (Note:  By verifying your email address, you can use your email address as your username when logging into certain U.S.. Department of Education websites.)

 Additionally your FSA ID will allow you to:

  • use the IRS DRT (data retrieval tool)
  • sign your master promissory note (MPN)
  • completing your loan counseling
  • applying for loan repayment plans

If you forget your FSA ID user name or password:

Important: Only the owner of the FSA ID should create and use the account. Never share your FSA ID.

Both you and your parent, if you are dependent, should have applied for an FSA ID which will be used to sign your  FAFSA online and will allow you to log in to certain U.S.. Department of Education websites. 

Gather your application documents. The FAFSA will ask for information about you (your name, date of birth, address, etc.) and about your financial situation. You will need the following items:

  • your social security number (be sure to enter it correctly on the FAFSA form)
  • Your parents’ Social Security numbers if you are a dependent student.
  • Your driver’s license number if you have one
  • Your Alien Registration number if you are not a U.S.. citizen
  • Federal tax information or tax returns including IRS W-2 information, for you (and your spouse, if you are married), and for your parents if you are a dependent student: IRS 1040
  • Foreign tax return, IRS 1040NR, or IRS 1040NR-EZ
  • Tax return for Puerto Rico, Guam, American Samoa, the U.S.. Virgin Islands, the Marshall Islands, the Federated States of Micronesia, or Republic of Palau.
  • FIT's federal code - 002866

Records of your untaxed income, such as child support received, interest income, and veterans noneducation benefits, for you, and for your parents if you are a dependent student

Information on cash; savings and checking account balances; investments, including stocks and bonds and real estate (but not including the home in which you live); and business and farm assets for you, and for your parents if you are a dependent student.

We urge you to use the IRS Data Retrieval Tool (DRT) when completing your FAFSA.  

 FIT FAFSA Code: 002866

TAP (New York State Tuition Assistance Program)

The easiest way to apply for TAP is through the FAFSA. Make sure you have completed your FAFSA. New York State (NYS) residents attending NYS schools can link directly to the TAP application from the FAFSA submission confirmation page.

If you exit the FAFSA before you complete the TAP application, but your FAFSA includes your New York State address and college, NYS Higher Education Services Corporation (HESC) will automatically receive your information.

HESC will then send you an email or postcard with directions for you to complete the TAP application online. 

FIT's New York State Tuition Assistance Program (TAP) Codes are:

  • Fashion Inst of Tech Lower Division (all Associate Degree students) - 2070
  • Fashion Inst of Tech Upper Division (all Bachelors Degree students) - 0975

New York State Excelsior Scholarship

The Excelsior Scholarship Application deadline for Spring 2024 has ended. If you would like to be notified by email and/or opt-in for text notification of  when the future applications will be available, you can sign up on  the Excelsior Scholarship Program link.

You will receive a Student Aid Report (SAR) from the federal processor. This form should be reviewed to make sure the information is correct.

You can make corrections online.  If you haven't already done so, use the IRS Data Retrieval Tool (DRT) to upload and correct all income information.

Financial Aid Services will request documents and/or other information from you via mail and email. Please respond immediately to all requests to avoid delays. If you do not to respond to requests for information, your file will be made inactive and we will be unable to process your application until the documents are submitted. 

You may check your financial aid status and see any document requirements in the FIT portal MyFIT. Log in and view the Financial Aid Resources section. See instructions on how to view your messages and any other financial aid requirements.

You may be required to provide copies of tax returns for yourself and/or your parents, in addition to other income documentation. There may also be forms to fill out and return to Financial Aid Services. 

You may view your requirements, download documents, and read any messages regarding your application at any time by logging in to MyFIT and completing the following steps.

  1. Go to your FIT Applicant or Student Tab
  2. Go to the Financial Aid Resources section
  3. Go to My Financial Aid Checklist
  4. If you need help uploading required financial aid documents, review instructions here: Uploading Financial Aid Documents

For more information or questions you may contact Financial Aid Services at (212) 217-3560.

If you were awarded for the academic year, your aid will be displayed in MyFIT with an option for you to accept or decline these awards in order for them to become available to you. 

 Accepting Your Awards

 

FIT takes various measures to protect personal data, including fulfilling its obligations under federal, state, and local law, as well as under the European Union’s General Data Protection Regulation to the extent it is applicable. The GDPR provides protections for various information and records while a person is located in the EU. FIT provides notice to students, employees, and website users of what type of data FIT processes and how and why that data is used and shared through information posted on the GDPR page of FIT’s Privacy website. Please review the applicable notice(s) carefully. The Privacy website also contains useful information about other privacy policies, such as FERPA and Information Technology’s Privacy Policy, and terms and conditions for the use of the FIT website and social media.