| Grants and Scholarships |
| Name of Program |
Description of Program |
2001-02 Accomplishments |
| Tuition Assistance Program (TAP) |
Need-based grant program for full-time
students. Provides up to $5,000 per year to students who qualify. |
Provided $675 million in grants to more
than 350,000 students. |
| Aid for Part-Time Study (APTS) |
Provides up to $2,000 per year for part-time
students who meet income eligibility limits |
Provided more than $12 million in grants
to more than 20,000 students |
| Scholarships for Academic Excellence |
Up to 2,000 scholarships of $1,500 are
awarded each year to the top graduating scholar at each registered
high school in New York State, with $1,500 and $500 scholarships awarded
also to other outstanding students. |
Awarded more than $12
million in scholarships to more than 17,0000 students
|
| Robert C. Byrd Honors Scholarships |
Up to $1,500 in federal scholarship
money for academically talented high school students |
Awarded more than $2.3 million in scholarships
to more than 1,500 students |
| Memorial Scholarships for Families of Deceased
Firefighters, Volunteer Firefighters, Police Officers, Peace Officers
and Emergency Medical Service Workers |
Provides up to the cost of SUNY educational
expenses for children, spouses and financial dependents of deceased
firefighters, volunteer firefighters, police officers, peace officers
and emergency medical service workers who have died as the result
of an injury sustained in the line of duty. |
Awarded $592,000 in scholarships to
68 students |
| Regents Awards for Children of Deceased and
Disabled Veterans |
Provides $450/year to children of veterans
who are deceased, at least 40% disabled, missing in action, or were
a prisoner of war. |
Awarded $237,000 to 601 students |
| Vietnam Veteran and Persian Gulf Veterans Tuition
Awards |
Provides up to $1,000/semester ($500/semester
for part-time study) to Vietnam/Persian Gulf veterans in college or
an approved vocational training program in New York State. |
Awarded almost $900,000 to 628 students. |
| World Trade Center Memorial Scholarship |
Provides up to the cost of SUNY educational
expenses for children, spouses and financial dependents of those killed
or seriously disabled in 9-11 terrorist attacks. |
Awarded $775,000 to 70 students |
| Regents Health Care Opportunity Scholarships |
Provides $10,000/year to economically
disadvantaged or historically under-represented minority students
in New York State medical or dental schools. |
Awarded $1,065,000 in scholarships to
more than 110 students. |
| Regents Professional Opportunity Scholarships |
Provides $1,000-$5,000/year to economically
disadvantaged or historically under-represented minority students
studying for degrees in 24 different professions at New York State
schools. |
Awarded more than $2.0 million in scholarships
to nearly 600 students |
| Federal Family Education Loan Programs |
| Federal Stafford Loans (Subsidized) |
Available to all students demonstrating
financial need who are enrolled at least half time in a program leading
to a degree, certificate, or diploma. Federal government pays interest
while student is in school, and the interest rate is variable, never
exceeding 8.25%. |
Guaranteed more than $933 million for
more than 251,000 loans |
| Unsubsidized Federal Stafford Loans |
Available to all students, regardless
of financial need, who are enrolled at least half-time in a program
leading to a degree, certificate, or diploma.The interest rate is
variable, never exceeding 8.25%. |
Guaranteed more than $700 million for
more than 169,000 loans |
| Federal PLUS Loans |
Available to all parents or stepparents,
and legal guardians (regardless of income as long as they have good
credit histories) of dependent students.Up to the student's cost of
attendance, minus any other financial aid, may be borrowed. The interest
rate changes each year, never exceeding 9%. |
Guaranteed more than $275 million for
more than 28,000 loans. |
| Federal Consolidation Loan Program |
Allows students with more than one loan
to combine them into one new loan for repayment. |
Guaranteed more than $1.3 billion for
more than 45,000 borrowers. |
| Loan-Related Programs |
| Default Aversion Assistance Request (DAAR) |
Lenders request assistance from HESC
to aid in the resolution of problems borrowers are experiencing making
their payments. |
Received and resolved 364,292 DAAR for
over $2.2 billion |
| Regents Loan Forgiveness Program |
Provides payment of loans for physicians
who practice medicine in shortage areas of New York State. |
Forgave $1.28 million in loans for 128
students. |
| Rehabilitation Loan Program |
Allows borrowers who have made 12 consecutive
payments to have their loans removed from default. |
Rehabilitated more than $17 million
in loans for 1,923 borrowers |
| Renewed Eligibility for Title IV Aid |
Allows borrowers who have made six consecutive
payments to become eligible for additional aid |
Renewed aid eligibility for over 10,000
borrowers |
| Smart Pay Program |
Allows borrowers with defaulted loans
to have their payments deducted from their bank accounts. |
Received payment from 1,901 borrowers
who took advantage of this repayment method and paid over $3.7 million |
| Pre-College Programs |
| New York's College Savings Program |
Tax-advantaged savings program to help
parents save for college expenses |
Over 246,000 accounts with a total value
of more than $1.14 billion have been established through the program's
fourth year |
| NYGEAR UP |
Need-based support program for at-risk
high school freshmen. Local school district, college and community
based organization partnerships provide comprehensive college preparation
services. |
Administered $5.6 million in federal
continuation grant award funds in support of 6,402 students. |
