Financial aid is available from a variety of sources and can take many forms (scholarships, grants, loans, work). Regardless of the funding source or type of aid, financial aid is generally required to be used toward a student's educational expenses. Educational expenses typically include: tuition, fees, room and board (living on or off-campus), books, personal expenses, and transportation expenses. Financial aid awarded to the student is setup to disburse directly to the their account to pay their billed charges. For example, if a student is receiving a loan from the federal government, the loan funds will be disbursed by the Department of Education directly to the student's account at Buffalo State.
Depending on the funding source and type of aid, students must meet a variety of eligibility requirements each semester to remain eligible. For example, federal and state aid is always contingent upon the student's academic performance and this is monitored every semester. On the other hand, private scholarships and/or loans may or may not be concerned with the student's academic performance. The Financial Aid Office is responsible to ensure students receive all aid they are eligible to receive, and those not meeting the eligibility requirements are notified of their ineligibility and awards canceled.
This section is broken up into the following components:
- Overview. This provides a high-level summary of the aid process from the time the student is in high school through their departure from school. For specific details about each step in the application process, click here.
- Aid Types & Sources. This describes the major entities that offer financial aid and the different types of financial aid.
- Determining Eligibility. This describes how the Financial Aid Office is required to calculate a student's financial need when determining their eligibility for federal student aid.