Financial Aid Resources

As with many things in modern life, the Internet is a valuable resource for students and their families seeking financial aid.

The U.S. Department of Education site covers many aspects of applying for financial aid, including how to file the Free Application for Federal Student Aid (FAFSA). Also available is a Student Guide to Financial Aid in English and Spanish.

Calculators are available online to determine your expected family contribution and other affordability considerations.

Eligible residents of New York State may qualify for the state’s Tuition Assistance Program and can calculate their estimated award.

Other states, such as Vermont, make awards and grants available to their residents attending college in New York State.

Numerous sites are available to students and their families to research private scholarships, among them FastWeb and College Board.

Financing Options

We know that a great college education is a major investment for you and your family, and we offer a number of attractive options that can help make a life-changing Hartwick education affordable.

Federal Direct Unsubsidized Stafford Loan
Need based upon federal methodology must have been met; first-year students can receive no more than $5,500 through the two Stafford programs.

Terms: Fixed interest loan currently at 4.45%. Student begins repayment six months after leaving school or dropping below half-time status. Interest accrues while in school. Second-year students can borrow up to $6,500, third- and fourth-year students can borrow up to $7,500 each year. Independent students can borrow an additional $4,000 under this program in their first and second years and $5,000 in their third and fourth years.

Federal Direct PLUS Loan
Families can borrow up to our cost minus all other aid and scholarships received. Parent borrower must be a credit-worthy U.S. citizen or permanent resident.

Terms: Fixed interest rate of 7.08%; repayment begins immediately after full disbursement of loan; standard 10-year repayment.

The Tuition Payment Plan lets families spread payments out during the academic year.
Eligibility: Requires no application for aid. Families can finance up to our cost minus all other aid received.

Terms: Enrollment fee. Interest-free payment plan, divides balance into 10 equal monthly payments. Payments begin July 1 for the upcoming academic year.

Students may also apply for a variety of alternative or private student loans to cover costs. These loans are in the student’s name, can be deferred during enrollment, and can play an important role in financing your education. Before choosing an alternative loan, be sure you have exhausted all your federal options.

Learn more about alternative loans.