Applying for Financial Aid

Families may need to explore financial aid in the form of grants, loans, scholarships, and work-study to help pay for a student’s education. The PSC Office of Financial Aid is committed to helping you and your family evaluate all financial aid options. How do you apply for aid? The first thing you need to know is these five letters: F-A-F-S-A. They stand for the Free Application for Federal Student Aid. FAFSA is the form you need to complete to get any financial aid from the federal government. If you’re a NY or VT resident, it’s also used for your state financial aid. Lastly, it’s used by PSC to determine eligibility for the PSC Grant. It’s definitely worth filling out a FAFSA online, even if you don’t think you’re eligible for need-based aid.

Why Complete FAFSA?

Because this is the only way to potentially land a piece of the more than 80 billion dollars the federal government provides in grants, loans and work-study programs each year to college students. Benefit at Paul Smith’s College by completing the FAFSA. Based on your successful completion of the FAFSA, you may be eligible for:

  • Grants — money that does not have to be repaid
  • Loans — borrowed money that must be repaid
  • Federal Work Study (FWS) — money earned by working a part-time job on campus
  • Scholarships — free money, awarded by Institution or outside source

Important: To receive the best financial aid funding available, submit your FAFSA as soon as possible. When possible, use the IRS Data Retrieval process to transfer your tax information from the IRS to your FAFSA- this will limit errors and improve accuracy.

New York State Residents: “TAP” into Additional Aid

If you’re a resident of New York state and are or will be an undergraduate student, you MAY be eligible for Tuition Assistance Program (TAP) awards. After filing your FAFSA, you will be able to link directly to the TAP application from the FAFSA confirmation page. You must include Paul Smith’s school codes or you will not be eligible for TAP. TAP codes 2140 (2 year program) and 6140 (4 year program). To remain eligible for state and/or federal financial aid, you must maintain Satisfactory Academic Progress (SAP).

 

How to Complete the FAFSA
  1. You (and one of your parents, if dependent) need to request a Federal Student Aid (FSA) ID from the U.S. Department of Education. With a FSA ID you can apply and “sign” the FAFSA online, check the status of your submitted FAFSA, and make corrections or revisions. The FSA ID will also be used to e-sign legally binging documents online. Watch this FSA ID Video Tutorial and Create an FSA ID now.
  2. Gather information you’ll need on the FAFSA. This information includes your social security number, federal income tax returns, W-2s, and bank statements (if applicable). 
  3. Complete and submit your FAFSA online at http://www.fafsa.gov using Paul Smith’s College code (002795).

Watch these short 2021/2022 FAFSA Video Tutorials for more information. Remember, applying for Federal Student Aid is free, quick and easy to do as long as you’re organized and have the necessary documents available when filling out the FAFSA.

Not ready to do your FAFSA? You can get an early estimate of your financial aid eligibility using our Net Price Calculator.

What if my income changed?

Financial aid eligibility for federal and institutional grants are based on the information you provide on the Free Application for Federal Student Aid (FAFSA). The income and asset information you submit is evaluated by a formula called Federal Methodology as set by Congress. This formula assumes that 2019 income is a good predictor of a family’s financial strength during the student’s 2021-2022 academic year.  The Office of Financial Aid recognizes that many families have changes in income or family situations that cannot be reflected in the 2019 tax return data. For this reason, students can often appeal their financial aid eligibility if they have unique financial circumstances. Please read the information on our “Special Circumstances Request Form” found on our Forms webpage for detailed information and application instructions. 

Review Award Offer

Log in to the portal to view awards, accept/decline financial aid, check for outstanding requirements, and more.

Info for NY Residents

New York State Residents: “TAP” into Additional Aid"

If you’re a resident of New York state and are or will be an undergraduate student, you MAY be eligible for Tuition Assistance Program (TAP) awards. After filing your FAFSA, you will be able to link directly to the TAP application from the FAFSA confirmation page. You must include Paul Smith’s school codes or you will not be eligible for TAP. TAP codes 2140 (2 year program) and 6140 (4 year program). To remain eligible for state and/or federal financial aid, you must maintain Satisfactory Academic Progress (SAP).

The “Enhanced TAP” program created by New York state in 2017 is not currently available through Paul Smith’s College. We are strongly committed to college affordability and continuously seek favorable funding opportunities for our students and their families. Enhanced TAP in its current form has a number of restrictions that place a significant burden on the students and colleges that participate. We are monitoring the effectiveness of this program in its first year and may participate in the future once more information is known. Please contact our financial aid office if you have questions or would like to discuss the details and your individual financial aid award.

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Contact Us »

Office of Financial Aid

Paul Smith's College
Phelps Smith Admin Building
Room 103
PO Box 265
Paul Smiths, NY 12970-0265

FinancialAid@paulsmiths.edu
(518) 327-6220
(800) 421-2605
(518) 327-6055: fax

Hours: M-F, 8 a.m.-4:30 p.m.