New York College of Traditional Chinese Medicine - Financial Aid

NYCTCM has been approved by the U.S. Department of Education and the New York State Education Department to administer financial aid programs. Interested students are encouraged to contact NYCTCM's Financial Aid Office as early as possible to determine eligibility and begin the application process. Students who wish to be considered for financial aid must complete a Free Application for Federal Student Aid (FAFSA) and may be required to provide the Financial Aid Office with a copy of their and/or their parents' federal and state income tax returns, as well as additional income and asset information. Students are required to apply on an annual basis for financial aid consideration. In order to be eligible for financial aid, a student must maintain satisfactory academic progress in his/her program of study.

Note: Before July 1, 2010, Stafford, PLUS, and Consolidation Loans were also made by private lenders under the Federal Family Education Loan (FFELSM) Program. As a result of recent legislation, no further loans will be made under the FFEL Program beginning July 1, 2010. All new Stafford, PLUS, and Consolidation Loans will come directly from the Department of Education under the Direct Loan Program.

Please download the instructions for applying for Financial Aid for up to date information

How to apply for Financial Aid - 2011

Satisfactory Academic Progress

Federal regulations require that all financial aid recipients progress at a reasonable rate (“make satisfactory academic progress”) toward achieving a diploma or degree.
Progress is measured by:

1. The student’s cumulative grade point average
2. The maximum time frame allowed to complete the academic program

This requirement applies to all terms regardless of whether or not the student received financial aid. Progress is reviewed annually, at the end of the Spring Trimester.

1. Cumulative Grade Point Average

Students who drop below a minimum cumulative GPA of 2.0 will be placed on financial aid probation.

2. Maximum Time Frame

Students must complete their degree within the following maximum time limits. Students are no longer eligible to receive financial aid after they have reached these maximums. In addition, students must show completion of at least 23 credits per year (one-sixth of the total required) in the Acupuncture Program, and also at least 23 credits per year (one-eighth of the total required) in the Oriental Medicine Program.

Acupuncture Program - Six years maximum time limit

Oriental Medicine Program - Eight years maximum time limit

Students who do not meet the standards of satisfactory progress at the end of the Spring Trimester will automatically be placed on financial aid probation for the following trimester. Financial aid may still be received during the probation period. At the end of the probation period the student must again be making satisfactory academic progress as outlined above or financial aid will be terminated. Students will be removed from financial aid probation if they are again making satisfactory academic progress.

Return of Title IV Policy for Federal Financial Aid Recipients

For students receiving federal financial aid who withdraw before completion of a term, refunds will be calculated based on the percentage of the term that the student completes. Students who complete more than 60% of any term are considered to have earned 100% of the aid for that period. Students who complete less than 60% of a given term will receive aid based on the percentage of the term completed. Any already-disbursed financial aid that is unearned due to withdrawal prior to the 60% point of the term must be returned to the Department of Education.

 

Revised 6/29/2011

© 2006-2012 New York College of Traditional Chinese Medicine

New York College of Traditional Chinese Medicine
155 First Street
Mineola, NY 11501
(516) 739-1545

email: