Renewing Financial Aid
It’s important that you file the right forms by the deadline to ensure that you’ll be considered for all types of aid each year. Late applicants will result in aid being awarded on a funds-available basis.
Renew your Financial Aid Instructions:
- Complete financial aid application(s) annually before the February 1 deadline.
- Visit your MySlice Financial Aid To Do List and complete all items.
- Maintain Satisfactory Academic Progress.
- Maintain full-time enrollment each semester.
- To renew academic merit scholarships, no application is required. You must maintain a cumulative grade point average (GPA) of 2.75 and maintain full-time enrollment each semester for a scholarship to renew.
Syracuse University makes every effort to renew financial aid awards if:
- Funding levels are renewed and remain stable.
- The information you submit on your aid application does not change from year to year (e.g. other siblings no longer enrolled full-time at the undergraduate level, change in family income, or new information required). Learn more about what might impact aid in future academic years below.
- The required applications are submitted by the published deadlines.
What could impact my financial aid in future academic years?
- Changes in student (and spouse), and/or parent income.
- For the 2022-23 academic year, the aid applications use income information from the 2020 tax year.
- For the 2023-24 academic year, the aid applications use income information from the 2021 tax year.
- If you, your spouse, and/or your parent(s) have had a substantial change in income from the 2020 tax year to the 2021 tax year, those changes could impact your overall aid eligibility.
- Changes in a parent’s or student’s (and spouse’s) assets.
- If you, your spouse, and/or your parent(s) have had a substantial change in asset value from the 2022-23 academic year to the 2023-24 academic year, those changes could impact your overall aid eligibility.
- Changes to the number of people in your household.
- If you (and your spouse), or your parent(s) have had a change in the total number of people in your household, that household size change could impact your overall aid eligibility.
- Changes to the number of people in your household that are currently enrolled in college.
- If you (and your spouse), or your parent(s) have had a change in the total number of people in your household that are enrolled in college, that number in college change could impact your overall aid eligibility.
- Awarding of additional aid.
- Each academic year, a student’s total aid cannot exceed the Cost of Attendance. If you are eligible for additional aid, scholarships, or other benefits, your current aid offer may need to be adjusted, as students cannot receive any financial aid in excess of their cost of attendance.
- A Resident Advisor (RA) is provided with designated funding for room (housing) and board (meals) during the terms of employment with Student Living (current funding amounts are determined by the Student Living office).
- The addition of the RA funding could result in the reduction or adjustment of other aid, so as not to exceed the cost of attendance.
- Should an RA start or leave the RA appointment outside of the beginning or end of an academic semester, the associated room and board fees will be prorated accordingly, and the remaining balance is the responsibility of the RA.
- Satisfactory Academic Progress (SAP).
- To maintain Satisfactory Academic Progress, students must successfully complete (earn) a specified number of credit hours (quantitative measure) as well as attain and maintain a required grade point average (qualitative measure) by the end of each semester.
- Changes in enrollment.
- Reaching the maximum number of credits, semesters, months, annual, aggregate, and/or lifetime limit of an award.
- The Federal Pell Grant is awarded up to the lifetime limit. The Pell Grant is awarded for no more than 12 terms (roughly six years).
- Federal Direct Subsidized and Unsubsidized Loans are awarded based on annual and aggregate limits. Students cannot exceed the annual loan limits and the aggregate loan limits.
- Merit-based scholarships are awarded based on the published length of the student’s academic program. Enrollment beyond the published length of the program may result in the cancellation of merit-based scholarship funding.
- Benefits, such as the Post 9/11 GI Bill, are certified by the VA and funded based on the number of months remaining of remaining eligibility.
- The Syracuse University Dependent Tuition Waiver can only be applied to the minimum number of credit hours required for completion of the first baccalaureate degree.
- Other circumstances.
- Changes to eligibility:
- Financial aid awards at Syracuse University can change based on other factors not outlined above.