• Additional Financial Aid Options. Need More Financial Aid Beyond Scholarships?
  • Additional Financial Aid Options

    Need More Financial Aid Beyond Scholarships?

    There are several ways to fund your CIA education. In addition to scholarships, your financial aid package might also include:

    In addition, you can seek external scholarships from a variety of sources outside the CIA. Once enrolled, you may also qualify for generous donor scholarships.

    Students may also apply for alternative loans from private lenders to help fund their education. These loans are generally based on credit history and complement any federal, state, school, or private funding you receive.

    Remember that your eligibility for financial aid will only be determined after you have completed a Free Application for Federal Aid (FAFSA). You can find useful videos on how to complete this application as well as learn how to avoid errors. We recommend you file the FAFSA at least five to six months prior to the CIA enrollment season for which you are applying.

  • Pell Grant

    Awarded based on need, the Pell Grant is available if you have not yet earned a bachelor’s degree. A confirmed Federal Pell Grant is credited to your CIA student account in two equal installments.

    Federal Supplemental Educational Opportunity Grant

    Also awarded based on need and if you have not yet received a bachelor’s degree, a Federal Supplemental Educational Opportunity Grant is credited to your CIA student account in two equal installments.

    Federal Direct Loans

    These low-interest loans for students and parents are offered through the U.S. Department of Education. Direct loans can be subsidized or unsubsidized:

    • Subsidized loans are awarded based on financial need. If you qualify, the federal government pays interest on the loan until you begin repayment. Loan proceeds are disbursed in two equal installments credited to your CIA student account.
    • Unsubsidized loans do not require a demonstration of financial need. If you qualify, you will be charged interest from the time the loan is disbursed until it is paid in full. You can choose to pay the interest or allow it to accumulate. If you allow the interest to accumulate, it will be capitalized—that is, the interest will be added to the principal amount of your loan and will increase the amount you have to repay. If you pay the interest as it accumulates, you will repay less in the long run.

    Direct Loans—amounts for dependent students:

    • Degree program freshmen can borrow up to $5,500 (including up to $3,500 Subsidized).
    • Degree program sophomores can borrow up to $6,500 (including $4,500 Subsidized).
    • Juniors, seniors, and students in the undergraduate certificate program can borrow up to $7,500 (including $5,500 Subsidized).
    • Students in the graduate certificate program may borrow up to $20,500 in an Unsubsidized Loan only.
    • Dependent undergraduate students whose parents are unable to borrow a Federal Direct PLUS due to adverse credit can receive an additional $4,000 in Unsubsidized Loan funds.

    Direct Loans—amounts for independent students (typically 24 years old or older)

    • Degree program freshmen can borrow up to $9,500 (including up to $3,500 Subsidized).
    • Degree program sophomores can borrow up to $10,500 (including up to $4,500 Subsidized).
    • Juniors, seniors, and students in the undergraduate certificate program can borrow up to $12,500 (including $5,500 Subsidized).
    • Students in the graduate certificate program may borrow up to $20,500 in an Unsubsidized Loan only.

    * If you have a Federal Direct Loan, the loan will be submitted to the National Student Loan Data System and be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. For more information, visit nslds.ed.gov.

    Federal Direct PLUS Loan*

    Federal Direct PLUS Loans are loans for parents of dependent undergraduate students (Parent PLUS) or students in a graduate program (Grad PLUS).

    Parents of dependent undergraduate students may apply for a Parent PLUS Loan to help with their child’s educational expenses. “Parent” is defined as the student’s biological or adoptive parent or custodial stepparent. To apply:

    • The student completes the FAFSA.
    • The parent must not have an adverse credit history.
    • The parent must complete the Parent PLUS application and sign the Master Promissory Note (MPN).

    Parents can apply for a Parent PLUS Loan up to 180 days prior to the student’s entry date. The amount that may be borrowed is limited to the student’s cost of attendance (as determined by the CIA), minus financial aid from all other sources.

    To obtain more information about the Federal Direct PLUS program, including the current interest and fee rates, students and parents should visit www.studentloans.gov.

    Students in a graduate certificate program may apply for a Grad PLUS Loan to help with their educational expenses. To apply:

    • The student must complete the FAFSA.
    • The student borrower must not have an adverse credit history.
    • The student must complete the Grad PLUS application, compete the entrance counseling, and sign the Master Promissory Note (MPN).

    Students can apply for a PLUS up to 180 days prior to their entry date. The amount that may be borrowed is limited to the student’s cost of attendance (as determined by the CIA), minus financial aid from all other sources.

    To obtain more information about the Grad PLUS program, including the current interest and fee rates, students should visit www.studentloans.gov.

    * If you have a Federal PLUS, it will be submitted to the National Student Loan Data System (NSLDS) and be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. For more information, visit nslds.ed.gov.

    Federal Work-Study

    As a Work-Study-approved student, you may find employment by applying for one of the jobs at the CIA. You will receive a paycheck every other week and may work up to 20 hours per week. Community service Work-Study positions are also available and may be obtained through CIA Student Financial and Registration Services. Although preference for on-campus employment is given to Work-Study-approved CIA students, jobs are not guaranteed. As you are receiving a paycheck, money received through this award is not deducted from your bill by the CIA.

    Veterans’ Benefits

    Veterans, spouses, dependents, and surviving family members of veterans whose death or disability was related to their service may be eligible for educational benefits while attending the CIA. Forms and information are available at all Veterans Administration offices. Contact CIA Student Financial and Registration Services for details.

    Several U.S. states offer need- or merit-based grants to residents. For additional information, please contact your state education departments to determine availability and eligibility.

    New York

    New York’s largest grant program is the Tuition Assistance Program (TAP), which helps you pay tuition at in-state postsecondary institutions. Before you file a TAP application, you must complete the FAFSA.

    For other New York grants and scholarships, visit the New York State Higher Education website.

    California

    If you’re a resident of California and enrolled at the CIA Greystone campus, you are eligible for the Cal Grant. Be sure to complete your FAFSA by March 2 of the year you plan to enroll at the CIA. For more information, visit the California Student Aid Commission website.

    Texas

    If you’re a resident of Texas and enrolled at the CIA San Antonio campus, you may be eligible for state aid. For more information, visit the College For All Texans website.

    Vocational Rehabilitation

    If you have a disability, you may be offered assistance by your state’s Department of Vocational Rehabilitation. Please have your rehabilitation counselor contact CIA Student Financial and Registration Services if you’re offered assistance through this program.

    Some lenders offer alternative (private) loans as a means to fund your education. Eligibility and interest rates for these loans are generally based on your credit history. Money received may be used to complement any federal, state, institutional, or private funding you receive. Note that final approval must be received from your lender before any loan can be deducted from your CIA bill. Also keep in mind that federal loans or grants usually have more favorable terms and conditions than alternative loans.

    Here are some alternative loan lenders that offer competitive rates and benefits (you are not required to select a lender from this list):

    Learn more about these lenders. Please note that neither the CIA nor any of its employees benefits from the inclusion of any lenders on this list.

  • Contact Us

    Student Financial & Registration Services
    1946 Campus Drive
    Hyde Park, NY 12538-1499
    Phone: 845-451-1500