Your detailed information:
Graduate School of Basic Medical Sciences
Continuing Student or Newly Accepted Student in another Basic Medical Sciences Program in the School of Basic Medical Sciences
IMPORTANT MESSAGE: Students applying for the Payment Plan, through the Bursar's Office, for the current semester, are NOT eligible to apply for Financial Aid (student loans).
A student must be matriculated, attending at least half-time and either a US citizen or eligible noncitizen to qualify for Financial Aid (student loans)
All students seeking to apply for Financial Aid (student loans) must request additional information from the Office of Student Financial Planning
PHASE 1
IMPORTANT NEW PROCEDURE FOR THE 2013-2014 ACADEMIC YEAR
Students filing a tax return for the 2012 year, must file their taxes BEFORE completing the 2013-2014 Free Application for Federal Student Aid (FAFSA). After filing the tax returns, students should wait about 2 weeks before completing the 2013-2014 FAFSA.
After the 2 week period has lapsed, students should access the FAFSA website and use the newly implemented FAFSA IRS Data Retrieval feature. This new feature will retrieve, directly, from the Internal Revenue Service (IRS) the income information reported on the 2012 federal income tax returns and transfer the information automatically to the 2013-2014 FAFSA application. By using this method, a 2012 IRS Federal tax return will not have to be submitted to the Office of Student Financial Planning. If the FAFSA IRS Data Retrieval feature is not used, students must request an official IRS Tax Return Transcript, available on the IRS website. To request the transcript please complete the following instructions: IRS Tax Return Transcript Request Process.**
**Students may also go to a local IRS Office and request a copy of their IRS Tax Return Transcript.
**Copies of the Tax Return Transcript should be requested to be mailed directly to the student, NOT the Office of Student Financial Planning. Please submit the copy of the Tax Return Transcript along with the required documents from Phase 2 and Phase 3.
Complete and submit the 2013-2014 Free Application for Federal Student Aid (FAFSA), after you have filed your tax returns with the IRS.
New York Medical College's Federal School Code is G02784
PHASE 2
Everyone must complete and submit the Application for Financial Aid New York Medical College (link found below).
If tax returns will not be filed, you must complete the 2012 US Income non-filing statement (link found below).
The Loan Amount Request Sheet must also be submitted (link found below). *Read the Loan Processing Steps, PHASE 3, before submitting these forms.
Application for Financial Aid NYMC
PHASE 3
Loan Processing Steps PLEASE READ CAREFULLY
If for the 2012-2013 Academic Year you submitted a Federal Direct Stafford Loan Master Promissory Note, to the Office of Student Financial Planning, AND received student loan funds at New York Medical College, you DO NOT need to provide a Federal Direct Stafford Loan Master Promissory Note.
If you currently have a Federal Direct Stafford Loan Master Promissory Note, from having attended and received student loan funds at a previous institution for the Academic Year 2012-2013. Please access www.studentloans.gov, sign into your account, under “My Loan Documents” choose Completed MPNs. Print and submit, to the Office of Student Financial Planning, page 1 of the promissory note in the PDF format. If NO funds were received, a new Master Promissory Note must be completed.
If you have never borrowed a Federal Direct Stafford loan, along with your Financial Aid paperwork you MUST submit a Federal Direct Stafford Loan Master Promissory Note, electronically signed. To complete the Federal Direct Stafford Loan Master Promissory Note, access the Federal Direct Stafford Loan Master Promissory Note's website. Print and submit, to the Office of Student Financial Planning, page 1 of the promissory note in the PDF format.
WHAT HAPPENS NEXT?
1) Once the 2013-2014 FAFSA is processed by the Department of Education, the Office of Student Financial Planning will receive an Institutional Student Information Record (ISIR). After you have submitted the required paperwork from Phase 2 and Phase 3 of the Financial Aid Process, to the Office of Student Financial Planning and an accurate ISIR has been received for you, this combined information will be used to start a file on you.
2) Registration forms will NOT be signed, unless the Office of Student Financial Planning has received all the required financial aid documents and said documents have been reviewed for accuracy and approved by the office for the processing of any type of financial aid.
2) Once the Registration’s Add/Drop period has ended, the Office of Student Financial Planning will send you a Notice of Eligibility, detailing the Aid you are eligible to receive based on your application. Accept or decline the offer of Aid. Sign and return the White copy of the Notice of Eligibility to the Office of Student Financial Planning.
NO LOANS WILL BE PROCESSED UNTIL THE SIGNED NOTICE OF ELIGIBILITY IS RECEIVED AT THE OFFICE OF STUDENT FINANCIAL PLANNING
Supply any additional documents requested by the Office of Student Financial Planning.
It is the student’s responsibility to submit the appropriate forms to the Office of Student Financial Planning and to follow up if aid expected to be received was not awarded or disbursed.
Page updated: January 15, 2013