A Guide to TAP Financial Aid

student in New York State Tuition Assistance ProgramNew York is home to some of the best and most esteemed institutes of higher learning in the United States, so many students and parents may find themselves wondering how they’re going to afford studying there. One such method is the New York State Tuition Assistance Program, or TAP, which helps eligible New York residents afford to go to select schools in the state.

What Is TAP?

The Tuition Assistance Program is a financial aid package sponsored by the New York State Higher Education Services Corporation. As a grant, it does not need to be paid back. The amount of financial assistance provided by the TAP is determined by the information based on the student’s FAFSA, as well as their school of choice. For example, TAP awards at the University at Albany range from $500 to $5,000, while at New York University, the award can be anywhere from $100 to $2,500 per semester. In the 2010 academic year, the Office of the State Comptroller for New York found that the state had spent $869 million on the Tuition Assistance Program, which provided financial aid to 309,540 undergraduate students looking to go to college or university in New York. A report published by the state comptroller’s office declared that since the program’s founding in 1974, it has provided financial assistance to “millions” of New York residents who might have otherwise had to delay or entirely give up their dreams of pursuing higher education because they could not have afforded it.

Eligibility for the TAP

To be considered for the Tuition Assistance Program, the HESC requires certain eligibility criteria, which include:

A further condition on the TAP goes into effect if more than one member in your family is attending a TAP-approved school as a full-time student. If this is the case, your TAP award is reduced by $3,000, and by $2,000 for every student thereafter. As with most financial aid awards or loans, funds from the Tuition Assistance Program are not sent directly to the student. Instead, they go to the school, which will then credit the student’s account with the amount of the award. If the Higher Education Services Corporation chooses you as a TAP recipient, you will receive a certificate and documentation of your award but will not see any of the actual money.

More information on the TAP

Affording higher education can be as daunting as the academic work that goes into it, but there are always resources to help you along the way. Our website is full of articles and blogs to help you understand what New York State’s Tuition Assistance Program entails. When you’re ready with your questions and concerns about qualifying for the program, email us for all the answers and information you need.

 

FAFSA Topics