Important Information for 2024-2025

In-State Tuition Match Program for Out of State Students

SUNY's four-year colleges are matching the in-state tuition of the flagship public universities in 8 states to make it easier for students from around the country to get a great education in New York.

If you live in one of the states listed below, all you have to do is apply to a participating SUNY campus, and they’ll match the tuition and fees of your state's flagship. It's that easy.

Connecticut: UConn - Storrs
Pennsylvania: Penn State - University Park
New Jersey: Rutgers - New Brunswick
Massachusetts: UMass Amherst
Vermont: UVM - Burlington
New Hampshire: UNH - Durham
Illinois: University of Illinois Urbana-Champaign
California: UC Berkeley

Changes to Children of Fallen Heroes Award Eligibility

The Act changes eligibility for what were formerly called Children of Fallen Heroes (CFH) Awards as well as the resulting award amount. Beginning with the 2024-25 award year, students who meet the eligibility requirements for Pell Grants under the Special Rule in HEA Section 401(c) will receive Max Pell, regardless of their calculated SAI. To receive a Pell Grant based on eligibility under the Special Rule, a student must be--

• The child of a parent or guardian who died in the line of duty while (a) serving on 
  active duty as a member of the Armed Forces on or after September 11, 2001; or 
  (b) actively serving as and performing the duties of a public safety officer; and
• Less than 33 years old as of the January 1 prior to the award year for which the 
  applicant is applying (e.g., for the 2024-25 award year, a student must be less 
  than 33 years old as of January 1, 2024, to be eligible).

Changes to the NY HESC Tuition Assistance Program 
(TAP) eligibility

The FY 2025 Budget introduces an increase in TAP funding to support significant enhancements that will benefit more students across New York State starting in the 2024-25 academic year:

• The minimum Tuition Assistance Program (TAP) award will increase from $500 
  to $1,000.
• Dependent student NYS net taxable income (NTI) limit for TAP eligibility will 
  increase from $80,000 to $125,000.
• Independent married student NTI limit will increase from $40,000 to $60,000.
• Independent single student NTI limit will increase from $10,000 to $30,000.

FAFSA and Financial Aid Processing changes for 
2024-2025

The FAFSA Simplification Act represents a significant overhaul of the processes and systems used to award federal student aid starting with the 2024–25 award year. This includes the Free Application for Federal Student Aid (FAFSA®) form, need analysis, and many policies and procedures. Due to these changes, the 2024-25 
FAFSA became available on December 31, 2023 instead of October 1st (for this year only). Beginning with the 2024-25 academic year, the Expected Family Contribution (EFC) will be replaced with the Student Aid Index (SAI).

Pell Grant Eligibility

Pell Grant eligibility will be determined in three steps:

1.  Maximum Pell Grant – Applicants may qualify for a Maximum Pell Grant ($7395) 
   based on family size, adjusted gross income (AGI), and poverty guidelines. Students 
   qualifying for a Maximum Pell Grant will have a SAI between - $1,500 and $0.
2. Student Aid Index (SAI) – Applicants who do not qualify for a Maximum Pell Grant 
   may still qualify if their calculated SAI is less than the maximum Pell Grant award for the 
   award year. The applicant’s Pell Grant award for full-time enrollment will be equal to the 
   maximum Pell Grant for the award year minus SAI. The Pell Grant will be adjusted if the 
   applicant enrolls less than full time, or if the applicant’s COA is less than the calculated 
   Pell Grant award.
3.  Minimum Pell Grant – Applicants whose SAI is greater than the maximum Pell Grant 
   award for the award year may still qualify for a Pell Grant, based on family size, AGI, 
   and poverty guidelines.

Changes to Year-Round Pell Grant Awards

The Act made an important change to Year-Round Pell. Previously, a Pell Grant-eligible student must have been enrolled at least half-time in a payment period during which they received more than 100% of their Scheduled Award. The law removes the half-time enrollment requirement beginning with the 2024-25 award year but made no other 
changes to the Year-Round Pell provisions.

Direct Student Loan Programs

Effective for Loans with a First Disbursement on or after July 1, 2024 but before July 1, 2025

All subsidized and unsubsidized loans made to undergraduate students will have a fixed interest rate of 6.53%. All unsubsidized Loans for Graduate students will have a fixed interest rate of 8.08%.

•  For loans with a first disbursement on or after July 1, 2024:
  October 1, 2024, the lender withholds TBD from the borrowed amount for loan 
  origination fees, prior to disbursement.
  PLUS loans for Parents and Graduate students will have an interest rate of 9.08%.
•  For loans whose first disbursement date is on or after July 1, 2024:
  October 1, 2024, the lender withholds TBD from the borrowed amount for loan 
  origination fees, prior to disbursement.