Financial Aid
Prospective Undergraduate Students
  • Prospective Graduate Students
  • Undergraduate Students
  • Graduate Students People FinderSearchStaffDirectionsWebmaster
        Home    
        Applying for Financial Aid    
        Forms    
        FAQs    
        Links    
        Staff    
     

    Applying for Financial Aid
       

      US Citizens/Permanent Residents

      In order to qualify for federal and state funds, all students must complete the Free Application for Federal Student Aid (FAFSA) each year. The FAFSA can be completed online at http://www.fafsa.ed.gov. Remember to designate Stevens Institute of Technology as the recipient of your application by using our federal school code number of 002639. We encourage you to complete the FAFSA as early as possible each year.

      To apply for Stevens scholarships and grants, undergraduate students, entering Stevens for the first time, must complete the CSS PROFILE at https://finaidonline.collegeboard.com. Remember to designate Stevens Institute of Technology as the recipient of your application by using CSS school code number of 2819.

      It is not mandatory for students and their families to mail in copies of their federal tax return to Stevens Institute of Technology unless requested by the Office of Financial Aid. However, please keep photocopies of all your tax documents for your own records.

      We encourage you to complete these applications as early as possible each year. The priority deadline for incoming students is February 15 and April 15 for returning students.

       

      Federal Verification

      Verification is a process in which the Federal and State governments require colleges to collect documentation to verify the accuracy and completeness of the data used to determine a student’s aid eligibility. The process is used to find any common errors that might have been made when filling out the FAFSA. Applicants are randomly selected by the federal student aid processing center to complete verification.

      Note that the State of New Jersey separately verifies NJ TAG recipients. Information requested from the New Jersey’s Higher Education Student Assistance Authority, (HESAA), must be supplied directly to them

      If you have been selected for verification, you will be notified by Stevens Institute of Technology’s Office of Financial Aid. We will also inform you of all required documents.

      Any need-based aid that has been awarded to a freshman will not be disbursed until the student has completed verification.

      Continuing students, who have been selected, will not receive a financial aid package until the process has been completed.

      Therefore, it is very important that any requested documentation is returned to the Office of Financial Aid in a timely fashion.

       

      International Students

      As is the case at most colleges throughout the United States, aid to international students (those studying in the U.S. on visas) is limited. International students need not complete the FAFSA. We recommend that international students investigate other funding sources in their homeland prior to beginning their studies. A website that international students may find useful is www.edupass.org.

       

      How/When Do I Apply For a Loan?

      Once you have determined if there is a gap between the cost of attendance and financial aid, you may choose to begin the process of applying for a loan. Alternative financing is available from numerous sources. Please see http://www.stevens.edu/finaid/afo.php for a selection of financing options. We do not recommend any one lender or payment option. It is not necessary to begin applying for loans for the academic year until mid to late summer. However, if there is any question of your credit, it may be best to apply early in the chance that you need to seek out alternative financing. Be aware that you are only able to apply for loans for a maximum of one year at a time.

      Once you have applied for a loan, the Financial Aid Office will be notified of your application and will then need to certify that the student/parent is eligible to borrow the requested amount before funds will be made available. Most lenders will then send the funds to the Financial Aid Office directly and we will post the funds to the student’s account.

       

      Payment Options

      OTHER USEFUL WEBSITES
      FEDERAL FUNDING SOURCES

      Available to graduate students taking at least six credits per semester.

      Federal Direct Student Loans
      Direct Loans are available to matriculated students who are US Citizens or Permanent Resident Aliens and taking at least six credits per semester. In order to determine whether you qualify for a Direct Loan, you must submit a Free Application for Federal Student Aid (FAFSA), available online at www.fafsa.ed.gov. Applicants must use school code 002639 to identify Stevens. Upon receipt of the information, the Office of Financial Aid will determine your eligibility and notify you in writing.

      Federal Work Study
      A number of full-time or half-time domestic graduate students may also be offered part time employment under the auspices of the Federal Work Study Program. This is a need based Federal aid program that pays students an hourly wage for a variety of technical and/or clerical positions in offices and departments within the Stevens campus.

      A complete guide to all Federal funding for education is available online at http://studentaid.ed.gov/students/publications/student_guide/index.html

      PRIVATE FUNDING SOURCES
      Available to all graduate students, including international students. Loans from private sources are available to meet all or most of your costs. These alternative loans are not based on financial need, but in most cases a credit check is completed by the lender to determine eligibility. For international students, in some cases a co-signer who must be a U.S. citizen is required. Most applications are available online.

      Please visit our Financial Aid page and use the alternative Private Loan link.

      ASSISTANTSHIPS
      Available to full-time graduate students.

      Assistantships are available to full-time graduate students, and are granted for teaching and/or research. Assistantships are a wonderful opportunity to pay for your education while gaining experience, as they typically cover tuition and include a stipend. Assistantships are awarded competitively by academic departments. Applying for an Assistantship position early can help improve your chances of receiving an award.

      Stevens offers Teaching Assistantships and Research Assistantships. Teaching Assistants assist department professors with undergraduate and graduate classes, labs, recitation sessions, and grading homework. Research Assistants assist a faculty member or group of faculty members in performing research related to their field of study.

      To be considered for a Teaching or Research Assistantship by an academic department, applicants should submit the following items to the Office of Graduate Admissions:


      Stevens also has a number of Graduate Assistantships. These positions are within various administrative offices throughout campus. Students interested in becoming a Graduate Assistant seek out these positions once they arrive on campus to begin their academic programs.

      Other useful Websites
      Stevens Sites


      Federal Aid Sites

     
     
    One Castle Point on Hudson, Hoboken, NJ 07030