Duration and Limitations of Awards

Aid is awarded for one year: All forms of financial aid — scholarships, grants, jobs, and loans — are committed for the period of one academic year only and must be reapplied for annually. Exceptions are the Ithaca recognition awards and President’s, Dean’s, Martin Luther King Jr. (MLK), Ithaca Premier Talent, ALANA, Rod Serling, Carl Sgrecci, Lawrence C. Hill and Adrian M. Newens, Shirley Hockett, John B. Harcourt, Willard T. Daetsch, Patrick Conway Scholarships, and Flora Brown and Leadership in Business Awards, which are based on merit or a combination of merit and talent and may require a one-time application or be awarded without application. The Ithaca Sibling and Ithaca Heritage Grants do not require an application.

Aid goes with you if you transfer within the College: Ithaca College need-based scholarships and grants remain with the student regardless of transfer from school to school within the College, as long as he or she continues to demonstrate financial need, maintains full-time status, and meets the College’s standards for good standing and satisfactory progress for state and federal programs.

Aid is renewed as long as you’re progressing: All the awards listed above are renewed annually (provided reapplication, if required, occurs) until a student completes the bachelor’s degree program, as long as he or she maintains full-time status and a cumulative grade point average (GPA) of 3.00 at the end of each spring semester and meets the College’s standards for good standing and satisfactory progress. A student must enroll in at least 12 credits per semester to be considered to be making satisfactory academic progress for the purpose of the merit-based programs. The same rules apply to the MLK Scholarship, except that the GPA requirement is a 3.30. For recipients of the Flora Brown Award who matriculated for the 2010-11 academic year and after, the GPA requirement is 2.75. For the Leadership in Business Award, the GPA requirement is 2.75. Please refer to specific awards for more information. The Ithaca Sibling and Heritage Grants do not have a GPA requirement for renewal.

Aid stops if you withdraw from the College: A student automatically forfeits financial aid when he or she withdraws, is suspended, or is dismissed from any program at Ithaca College. Ithaca awards are not renewed if a student withdraws from the College or returns to the College without an approved leave of absence. A student who does not enroll full-time or drops to part-time status loses his or her merit-based award for that semester. Students taking a leave of absence must contact the Office of Student Financial Services before leaving school. Students returning from a leave of absence must reapply for financial aid under the usual guidelines for each program.

Special TAP standards: There are special New York State standards for students receiving Tuition Assistance Program (TAP) awards. Further details can be found in the “Academic Standing” section of the financial aid website. Financial aid recipients must notify the Office of Student Financial Services of changes to part-time status, internal transfers to other schools, and any changes of major. (http://www.ithaca.edu/finaid/understanding/academic_standing.php)

Aid is adjusted as need changes: Should a student’s financial need increase, his or her financial aid may be increased; should a student’s need decrease, need-based financial aid may be decreased. Need-based scholarships and grants are not renewed if a student fails to meet the prescribed deadlines or if funds become unavailable for any reason.

Time limit for aid: Financial aid is usually terminated after eight semesters unless the course of study normally requires additional semesters. Financial aid for transfer students is terminated at the completion of the number of semesters the student’s dean designates for degree completion when the student enters the College. Exceptions to these time limitations must receive the approval of the student’s academic dean and the Office of Student Financial Services. A student retains financial aid as long as he or she meets the standards prescribed for satisfactory progress in their studies for each specific program from which the student receives funds.

Report all awards: Recipients of financial aid are required to report all financial aid awards received from outside organizations and agencies immediately on receiving such assistance. The report must be made in writing to the Office of Student Financial Services or reported using the student information system, HomerConnect. Ithaca College reserves the right to change financial aid awards when students receive additional awards from any source. Award packages normally include estimates of anticipated Pell grant and state scholarship awards. In the event that the actual award is larger than estimated, Ithaca College awards may be reduced. Should actual awards be less than estimated, an increase in Ithaca College awards may be considered, if funds are available. (https://homerconnect.ithaca.edu/)

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