OD Admissions
Prospective Students

Expenses and Financial Aid

FINANCIAL AID OFFICE CODE OF CONDUCT 

US Citizens Or "Permanent Residents" Canadian and other Foreign Applicants

Average Cost of Attending SUNY Compared to Other Optometry Colleges



Financial Aid Information For US Citizens Or "Permanent Residents"

Tuition and Fees
For the 2009-2010 academic year, tuition and fees are as follows:
(ALL FIGURES ARE IN U.S. DOLLAR AMOUNTS)
 

Four-Year professional program:
Tuition: in-state
Tuition: out-of-state
College Fee
Student Activity Fee
Technology Fee
 
$16,520.00
$31,720.00*
$25.50
$120.00
$250.00

*Out-of-state citizens may be eligible for in-state resident tuition after their first year, the average tuition for the four years, based upon current rates, would then be $20,320 per year.

Tuition and Fees are subject to change.

Instruments
First year professional program approximately $950 (due early in July).

Books
First year approximately $1,100 (usually after classes start).

Room
For the 2008-09 academic year, a student is allowed a maximum Financial Aid allotment of $13,000. for rent. The average rent for a student living in walking distance to the college is $1,250. per month. The average rent for a student commuting by subway is $715. per month.

Board
For the 2008-09 academic year, a student is allowed a maximum Financial Aid allotment of $5,150. for food & household supplies. (Including utilities and phone).

Other Living Expenses
For the 2008-09 academic year the student is allowed a maximum Financial Aid allotment of $4,502. for all other expenses. Actual amounts spent will vary depending on students personal preferences.

It is recommended that a student make arrangements to have two months living expenses available for start-up costs.

PLEASE NOTE: Financial Aid cannot be disbursed until you have enrolled in August. Instrument expenses and start-up living expenses will not come from Financial Aid. Most Financial Aid is only available to U.S. citizens or permanent residents.

Application Process
Students applying for financial aid will be required to submit the following:
  1. SUNY-Optometry Application for Financial Aid
  2. Free Application for Federal Student Aid (FAFSA).
  3. A signed copy of student's federal tax forms are required. A signed copy of parent's federal tax forms may be required, or certification of non-filing status when applicable.
  4. Proof of non-taxable income as indicated on the application may be required.
  5. Official and signed financial aid transcripts from all previous colleges attended.
  6. The Financial Aid Office reserves the right to request additional information and documentation as appropriate.

All Graduate and Professional students are considered independent. Parental information is required, however, to be considered for tuition waiver programs, HPSL loans and LDS loans.

The application deadline for financial aid is April 15, for the following academic year.

Grants
Grants are aid given to students generally on the basis of financial need. Grants do not need to be repaid.

Tuition Assistance Program (TAP) - Awards range from $100 - $550 to residents of New York State determined through New York State Higher Education Services Corporation.

Economically Disadvantaged First Professional Degree Students Program - The State University of New York awards between $500 and $5,000 based on funding and eligibility determined from the SUNY State College of Optometry Financial Aid Form and a Needs Analysis Form.

Graduate Opportunity Waiver - Partial tuition waivers are granted by the State University of New York to students who have participated in an undergraduate opportunity program such as EOP, HEOP, or SEEK. Determination is based on the Needs Analysis Form and eligibility requirements.

Cultural Diversity Scholarship - To be eligible a student must submit an essay and application each demonstrating how they can contribute to the Diversity of the student body.

Scholarships
Scholarships are generally awarded on the basis of meritorious academic performance, need, or a combination of both. Scholarships do not need to be repaid.

Scholarships for Disadvantaged Students - SDS- Awards range from $3,000 to $6,000 on average. Students must be from an economically disadvantaged background. (Parental Information is used to determine eligibility)

Dr. Robert E. Bannon Memorial Scholarship - One $2,000 scholarship given to a 4th year student who is a NYS Resident and has financial need in good academic standing.

Sigbert Borg Memorial Scholarship - $500 each is given to a second and third year student with a minimum 3.25 GPA and financial need.

Dr. Abram Hubal Scholarship - $500 each is awarded to five fourth-year students with a 3.25 GPA and financial need.

Dr. James F. Kelly Memorial Scholarship - $500 is given to a graduate student with the greatest financial need and good academic standing.

Dr. Nathan and Laura Millman Scholarship - One to two scholarship given annually to a 2nd, 3rd or 4th year student based on outstanding academic performance.

NYSOA Scholarship - One $2,000 scholarship given to a student with high financial need and good academic standing.

OCNY Scholarships- Depending on funding, twelve OCNY scholarships are given to students with academic merit and financial need.

Petry Lomb Scholarship / Research Grant - The foundation awards scholarship money to second, third and fourth year students demonstrating financial need, good academic standing and a sincere desire to contribute to the optometric profession.  One to two scholarships are awarded annually in varying amounts (minimum $1,500 per recipient).  Preference is given to New York State residents.

Applications are available on the Rochester Optometric Society website
( ww.rocheyedocs.org) under the student section.  Questions may be directed to Dr. Susan Yorks at 585-787-2020 or susany2020@aol.com.

Regents Professional Scholarship - Two to four scholarships are awarded annually in amounts varying from $1,000 - $5,000. New York State Education Department determines amount of award based on need. The student must be a legal resident of New York State, agree to practice in New York State and be a member of an under represented minority. Awards will be offered in the following order of priority: 1) economically disadvantaged and a minority group member historically under represented in optometry; 2) minority group member under represented in the profession; 3) enrolled in or completed undergraduate work through HEOP, EOP, SEEK, or College Discovery.

Michael I. Schaffer Scholarship - $500 is given to a second-year student with the highest GPA and greatest financial need.

Adolph Schnurmacher Scholarship - $500 is given to a third-year student with the highest GPA and greatest financial need.

Adolph and Ruth Schnurmacher Foundation and Charles and Mildred Schnurmacher Foundation Merit Scholarships - Ten scholarships of $1,500 each are awarded to the top ten candidates in each class.

The Scott Tasker Folsom Scholarship Fund - Dr. and Mrs. William Folsom have executed a trust to establish a permanent scholarship(s) in behalf of their son, to be known as the Scott Tasker Folsom Scholarship(s). The trust is a permanent endowment, the income from which will fund the scholarship(s) for professional students in optometry.

The Dr. Jerome Weiss Scholarship Fund - Dr. and Mrs. Jerome Weiss, distinguished friends of the College, from Syracuse, New York, have established an endowment, the income from which will support one or more scholarships for professional students in optometry.

K.B. Weissman Scholarship - $500 is given to a student in the graduate or combined program with the greatest need and merit.

Esther J. Werner Memorial Scholarship - $500 is given to a student with high financial need and in good academic standing.

Loans
Educational loans are generally lower interest alternatives to market rate loans. Many have federal or state subsidies and delayed interest and/or principal repayments until after the academic program is completed. Stafford, Perkins, and Health Professions Loan + LDS Programs require the student to qualify through the Need Analysis Process. Borrowers should be aware of the following rights and responsibilities they assume when they receive loans:

  1. I must repay my loan(s) with all accrued interest and deducted fees even if I do not complete the program of study, am unable to obtain employment or am dissatisfied with the program of study at my school.
  2. Unless my loans are consolidated, I have a maximum of 10 years to repay my Title IV, Part B loans.
  3. I may prepay all or part of this loan without penalty.
  4. The minimum monthly payment for this loan(s) is $50.00, but may be more depending on the outstanding balance. The repayment of subsidized and unsubsidized will begin following a six or nine-month grace period.
  5. I must notify my lender within ten business days, if I:
    • Change my name
    • Change my address
    • Change my telephone number
    • Change my separation date
    • Withdraw from school
    • Transfer to another school
    • Enroll for less than half time
  6. I will be notified in writing, if my loan is transferred to a new holder and I must direct all future correspondence and payment to that new holder.
  7. If I qualify, I may request a loan deferment from my lender.
  8. If I am unable to make payments on my loan, and do not qualify for a deferment I may request forbearance from my lender.
  9. If I fail to repay my student loan, I will be considered in default. As a result:
    • It may be reported to a National Credit Bureau and have a negative effect on my credit rating.
    • The entire loan amount, including accrued interest, may become immediately due and payable.
    • My federal and state income tax refunds may be withheld.
    • My wages may be garnished.
    • I may be ineligible to receive any additional federal or state financial aid funds

Federal Subsidized Robert T. Stafford Student Loan Program (formerly Guaranteed Student Loan) - Up to $8,500 per year at a fixed rate of 6.80%.

Federal Perkins Loan Program - Qualified students may be awarded between $250 to $2,500 each year at 5% interest.

Health Professions Student Loans - Qualified students may be awarded $250 to $4,000 at 5% interest. (Parental information is used to determine eligibility).

Loans for Disadvantaged Students (LDS) - Qualified students may be awarded between $250 - $3,000 each year at 5% interest. (Parental information is used to determine eligibility.)

Federal Unsubsidized Stafford Loans (UFSL) - Up to $40,500 per year (minus the amount the student qualified for in the subsidized Stafford Loan) is available. Intent rate is 6.80 fixed.

Emergency Loans - $500-$1,000 emergency loans are available to students who experience d elays in processing financial aid. These loans are limited to availability and can only be given to students who are awaiting financial aid.

Employment
Employment for students can be part time at the College. The hours are flexible and are scheduled around the Academic Program.

College Work Study - $500 - $4,000 annually based on need can be made by the student while working at the college.

College Temporary Service Employment - Although not awarded as financial aid, students can be employed by an individual officer or by a faculty researcher with College funds.



Financial Aid Information For Canadian & other Foreign Applicants


Tuition and Fees
For the 2009-2010 academic year, tuition and fees are as follows:
(ALL FIGURES ARE IN U.S. DOLLAR AMOUNTS)

Four-Year professional program:
Tuition: out-of-state
College Fee
Student Activity Fee
Technology Fee
Foreign Student Health Insurant

 
$31,720.00*
$25.50
$120.00
$250.00
$951.00


* U.S. citizens or permanent residents may be eligible for in-state tuition after one year at SUNY.

Tuition and Fees are subject to change.

Instruments
First year professional program approximately $1,800 (due early in July). Second year professional program approximately $2,100.

Books
First year approximately $95
0 (usually after classes start).

Room and Board
For the 2008-09 academic year, a student's average cost is $10,500 for room and board.

Other Living Expenses
For the 2008-09 academic year, a student's average cost is $4,500 for other expenses.

It is recommended that a student make arrangements to have two months living expenses available for start-up costs.

PLEASE NOTE: Loans cannot be disbursed until you have enrolled in August.

Financial Aid Application Process For Canadian Students

Students applying for financial aid will be required to contact the Canadian Student Loan Program directly for information and applications:

Human Resources Development Canada Education Support
Student Assistance Branch
Post Office box 2090, Station "D" TEL: (819) 994-1218
Ottawa, Ontario K1P 6C6 FAX (819) 953-6057

All students should also contact the Ministry of Education in their Provence:

New Foundland
Department Of Education
TEL: (709) 729-4235
FAX: (709) 729-2298

New Brunswick
Student Services Branch
TEL: (506) 453-2577
1-(800) 667-5626
FAX: (506) 444-4333

*Quebec
Ministry of Education
TEL: (418) 646-5245
FAX: (418) 644-1715

British Columbia
Ministry of Skills
TEL: (604) 387-6100
FAX: (604) 356-9455

Prince Edward Island
Student Aid Division
TEL: (902) 368-4640
FAX: (902) 368-6144

Manitoba
Student Financial Asst.
TEL: (204) 945-6321
  Ontario
Student Affairs Branch
TEL: (807) 343-7260

Yukon Territory
Student Financial Asst. Unit
TEL: (403) 667-5929
FAX: (403) 667-8555

Nova Scotia
Student Assistance Off.
TEL: (902) 424-8420
FAX: (902) 424-0540

Saskatchewan
Student Financial Asst.
TEL: (306) 787-5620
FAX: (306) 787-7537

Alberta
Student Finance Board
TEL: (403) 427-2740
FAX: (403) 422-4516

*Northwest Territories
Department of Education
TEL: (403) 873-7190
1-(800) 661-0793
FAX: (403) 873-0336
*Quebec and the Northwest Territories operate their own student assistance plans. Contact them directly instead of the Canada Student Loan Program.