Financial Aid

Overview

Grants, including Presidential, Pratt, Pell, Federal Supplemental Educational Opportunity (SEOG) grants, etc., are deducted from your bill when awards are finalized. If you have any questions about your financial aid awards, call Financial Aid at (718) 636-3599.

Federal Perkins Recipients

The deadline to sign for your Perkins Loan is October 31, 2009. The Federal Perkins Loan Promissory Note is to be signed electronically. If you are awarded a Perkins Loan, your FASFA pin number is required in order to complete this process online. No financial aid will be credited to a student’s account until after the first 30 days of class. However, before you can sign for the Perkins Loan, your financial aid file must be completed. You will be notified by mail when you will be able to sign your promissory note. If you do not electronically sign the note, you will not receive the loan. Each student must sign for the loan; your parents CANNOT electronically sign this loan for you.

Federal Family Education Loans

If your Stafford or Plus Loan has been processed by Financial Aid, we have listed the estimated gross amount of your Federal Family Education Loans for the current semester as “Pending Financial Aid” on the bottom of your statement. You must enroll for at least 6 credits and meet the federal requirements to qualify for a loan.

TAP

The TAP award on your bill is only an estimate. If it differs from your NYS award certificate, deduct the amount on your certificate and return it with your bill to the Office of the Bursar. You must enroll for at least 12 credits and be a New York State resident to qualify for a TAP award.

Assistantships

Assistantship wages are paid directly to you by paycheck for work you perform over the course of the semester. Assistantships are not deducted from your bill.

Work-Study Award

Federal work-study wages are paid directly to you by paycheck for work you perform over the course of the semester. Work awards are not deducted from your bill.

Outside Scholarships

Students receiving scholarships not awarded by Pratt Institute must send a copy of the scholarship letter to the Bursar’s office, attention Ms. Olivia Goode. Bursar clearance is only given in the event that the outside scholarship covers tuition and fees in full or the outstanding portion of tuition after financial aid has been received. Payment from either scholarships or third parties is expected within the semester the tuition is charged. The Bursar’s office will not extend clearances to allow a student to register for a subsequent semester if the outside scholarship or third-party payment has not been received.