Financial Aid Information
The Financial Aid Office at Trocaire College understands that the financial aid process can seem overwhelming and a little confusing. We’re here to make it as easy as possible for our students and their families. The Financial Aid Office has put together some important information and links below to help you navigate the process. Of course, we’re here to help you with any questions that may arise along the way.
The College also has other required Consumer Information disclosures and useful information regarding our programs, facilities, policies, student outcomes, and various other items.
Individuals with questions regarding the information listed below may visit or call the Financial Aid Office during normal business hours.
How To Apply for Financial Aid
The federal on-line process makes the financial aid application easier and faster than ever. To Apply for Financial Aid, whether you’re a student, parent, or borrower, you’ll need to create your own account to apply for, receive, and manage your federal student aid. If you need assistance, our experienced financial aid staff can guide and assist you through the entire process and answer any questions you may have.
Rights and Responsibilities of Aid Applicants
As recipients of federal financial aid, students need to know the Rights and Responsibilities of Aid Applicants. Knowing them will put you in a better position to make decisions about your financial aid and will help you avoid potential trouble spots.
Cost of Attendance & Net Price Calculator
Your federal Financial Aid eligibility is determined based upon several different factors, including the “Cost of Attendance” (COA) for your program of study. The COA can also be useful as guide to help students and families plan for College costs beyond just the tuition and fees.
The College also provides an on-line Net Price Calculator, which is designed to provide first-time college students with a general estimate of their first-year costs to attend Trocaire College and the financial assistance you might receive to meet those costs.
Student Aid Programs
Financial Aid at Trocaire College comes in a variety of forms. Detailed information about each type of aid program offered can be found from the following links:
- Grant Programs
- Scholarships
- Loan Programs
- Federal Work-Study
- Trocaire Opportunity Program (TOP/HEOP)
Veterans and Military Education Benefits
As a military veteran, or as the dependent of a veteran killed or disabled in the line of duty, you may be eligible for VA education benefits. We’re here to help you understand how to get the most out of your Veterans Benefits.
Payment Plans and Private Student Loans
Students at Trocaire College have the option to pay for their college education in affordable, interest-free installments using the Trocaire College Payment Plan. Trocaire College also works to assist students with access to “private” (non-governmental) student loans. Of course, federal student loans are almost always a better first option, but information on private student loans can be accessed at the bottom of our Loan Programs page.
Unusual/Special Financial Circumstances
Sometimes a student’s family or financial situation has changed significantly, and the family may not be able to help the student pay for college as in the past. Other times, a student might have a unique family or custody situation. In either case, the Financial Aid Office can sometimes adjust a student’s financial aid eligibility based upon those Unusual/Special Financial Circumstances.
Student Loan Application Process/Requirements
The process of applying for a Federal Student Loan or Federal Parent (PLUS) Loan can be confusing. The Financial Aid Office has set up the Student Loan Application Process web page to guide you along the way. Part of the process is the completion of Student Loan Entrance Counseling from the U.S. Department of Education, which helps students gain a firm understanding of their rights and responsibilities when borrowing from a student loan.
Withdrawal, Refunds, and Return to Title IV (R2T4)
If you are considering Withdrawing from Trocaire, there are financial implications that can be significant. When a student withdraws or his/her enrollment is otherwise terminated, the College will determine (according to the schedules published in the College Catalog) whether any refund of tuition paid for the semester is due back to the student. Once any tuition refund is calculated, the Financial Aid Office will calculate the amount of federal financial aid that a student is entitled to keep, and the amount that must be returned to the government.
Satisfactory Academic Progress for Financial Aid Eligibility
Students attending Trocaire must meet certain academic performance standards in order to remain enrolled. These requirements may vary by program. Additionally, students who receive federal financial aid are held to a different set of standards for academic performance known as Satisfactory Academic Progress (SAP). The Trocaire College Satisfactory Academic Progress (SAP) Policy for financial aid eligibility applies only to recipients of federal student aid and sets academic standards which students must achieve to remain eligible for federal student aid. There are also separate academic standards for continued eligibility for the New York State Tuition Assistance Program (TAP).
Financial Aid Code of Ethics and Conduct
The Financial Aid Office at Trocaire College maintains a Code of Ethics and Conduct which requires our staff to always maintain exemplary standards of professional ethics and conduct in all aspects of carrying out their responsibilities, including interactions with students, families, service providers, lenders, and other outside entities – regardless of whether such entities are involved in a government sponsored, subsidized, or regulated activity.
Income Tax Credits for Education
An education credit helps with the cost of higher education by reducing the amount of tax owed on your income tax return. The credits may be available to either students or parents. There are two federal education credits available, and one available for New York State Tax filers. Interest on federal student loans may also be deductible in some cases. Use the links below to learn more:
- The American Opportunity Tax Credit (Federal)
- The Lifetime Learning Credit (Federal)
- College Tuition Credit or Itemized Deduction (New York)
Financial Skills, Budgeting and Credit
Managing your financial aid has parallels to many other personal financial management challenges. The Financial Aid Office provides resources to assist students in building Financial Skills, Budgeting and Credit, which will be very valuable as you begin your new career.