At The College of New Rochelle, we firmly believe that by providing financial assistance to needy and deserving students of diverse economic and social background, and by rewarding academic achievement, we may best promote and maintain the educational goals that are central to the mission of the institution. The ability to furnish a financial aid package to students who might otherwise be unable to obtain a quality education clearly benefits and enriches the College Community.
With a thorough understanding of the financial aid process, students can often maximize their financial aid options.
Need-based financial aid programs provide monetary assistance to students who cannot attend the College without such aid, and are funded through a combination of grants, loans, employment, and external resources.
Merit-based financial aid programs provide monetary incentives which acknowledge scholastic achievement.
All packaging of financial aid is contingent upon sufficient allocations from external and government sources and the budgetary limitations of the institution. Applying for financial aid is an annual process, and any assistance received for prior years cannot be renewed unless applicants complete the instructions summarized below.