Undergraduate Catalog 2005- 2006

Financial Aid

The University at Buffalo is a public institution whose mission is to provide affordable, high-quality education to all, regardless of economic background. The primary responsibility for meeting the cost of a college education rests with the student and the student's family. Financial aid programs are intended to supplement the family's contribution. The Student Academic Records and Financial Services staff is dedicated to assisting students and parents in finding sources of funding to meet educational expenses.

The process of awarding financial aid begins with a thorough analysis of the student's and/or student's family's financial situation, including income, assets, and number of family members in college. Financial need is the difference between education cost and the expected family contribution (EFC).

The federal government, based on financial information provided on the Free Application for Federal Student Aid (FAFSA) form, determines the EFC. The government provides a free, fast, secure, and easy way to complete the FAFSA on the Web. Paper versions of the FAFSA are available from most high school guidance offices and college financial aid offices; however, completion of the FAFSA on the Web is the fastest, most efficient way to apply for all types of federal and New York State student aid.

Residents of New York State completing the FAFSA on the Web may submit all of the information provided on the FAFSA to their Express TAP Application (ETA). Once the FAFSA on the Web application has been completed and a submission confirmation received, students should select the link provided to go to TAP on the Web. This is a special feature available only to New York State residents.

Once the expected family contribution and any unmet financial need has been determined, the financial aid administrators will use all resources available to determine an appropriate award package. In creating a student's individual package, there are three basic forms of financial assistance available: grants (do not need to be repaid), jobs (on-campus federal work-study positions), and loans (must be repaid).

Students with specific questions or a private matter they would like to discuss with the student academic records and financial services staff, should call (716) 645-2450 or visit the financial services web site. The Student Academic Records and Financial Services office is committed to providing top-quality service to students.


To be considered eligible for financial aid, students must:

  1. Be U.S. citizens or eligible non-citizens
  2. Be registered with the selective service (if required)
  3. Maintain satisfactory academic progress for federal and state financial aid
  4. Not owe a refund on a federal grant or be in default on a federal educational loan
  5. Demonstrate financial need (except for federal unsubsidized loans)

Important facts to remember when applying for aid:

  • Less than full-time status may affect financial aid eligibility. At UB, undergraduate students must be registered for at least 12 credit hours per semester to be considered full time.
  • Over-awards can occur because students are awarded other funds from outside agencies after they have accepted their award package. The over-award situation may cause aid packages to be reduced. If students receive additional funds not specified in their award letter, they should notify Student Academic Records and Financial Services in writing.
  • Students who receive Title IV Aid (FDSL Loans, Perkins Loans, Pell, or SEOG Grants) and officially resign from the university should request and refer to a copy of the Policy Statement for the Adjustment of Financial Aid Due to Discontinuance of Study. Copies are available on the Student Response Center web site.
  • Students who do not officially resign are considered in attendance for that semester and are responsible for all academic and financial liabilities.