Financial aid & Scholarships

The College offers need and merit-based institutional scholarships and aid to promising students.

Need-based grants are awarded on a competitive basis to students with demonstrated financial need, satisfactory academic progress, and moralstanding. This grant can only be applied towards tuition.

Merit-based scholarships are awarded on a competitive basis to students with good academic standing, moral standing, extracurricular participation, and other merit indicators.

Applicants for the College’s Institutional Scholarship and Financial Aid must be currently enrolled or intending to apply as a full-time student. Degree-seeking part-time students who wish to apply can contact Student Financial Services (SFS).

Institutional Scholarships and Financial Aid are awarded on an annual basis and do not renew automatically unless otherwise specified. Applicants must submit an application and supporting documents for each academic year to be considered. Any Need-based aid the student is awarded will be reduced by the amount of the merit-based awards, if eligible.

Should a student discontinue a portion of that enrollment period, appropriate adjustments will be made to the student’s award in accordance with the refund and repayment policies of the College.

In the case a student’s eligibility for financial aid and scholarships change, SFS will adjust the previously awarded amount. This may result in the immediate reversal of the award and may leave the student with an outstanding balance. Students must note that if your enrollment status changes between full-time and part-time, you will automatically forfeit all previously awarded aid and you may be required to reapply for financial aid and scholarship.

The combined need and merit financial award package will typically not exceed 75% of tuition. Under extraordinary circumstances, additional awards may be considered on a case-by-case basis.

Institutional Financial Aid

The College, through the Office of Student Financial Services, awards, in whole or in part, the following types of institutional financial aid to qualified students. Unless otherwise noted, all amounts given are on an annual basis, for a student enrolled in full-time study.

Community Awards

Hudson Valley Award:

Students who meet one of the following criteria—at the time they apply for the College—receive a $2,000 scholarship which is given to 20 selected incoming first-year students each Academic Year. It is automatically renewable each year:

  • Have been living in the Hudson Valley for more than six months:
    • Proof of family’s homeownership or tenant-ship such as utility bills or rent receipts is required.
  • Or attends a secondary or post-secondary educational institution in the Hudson Valley region:
    • Proof of enrollment such as verification letters or official transcripts is required.

OR

Affiliated Schools Award:

Students who are graduates of affiliated high schools at the time they apply for the College receive a $2,000 scholarship which is automatically renewable each academic year.

  • Proof of enrollment such as verification letters or official transcripts are required.

Interested students can check with the Office of Admissions for the current list of affiliated high schools.

Merit-Based Academic Scholarship

First-Time Freshman

The academic scholarship for first-time freshman is automatically considered and awarded on a competitive basis to incoming students who demonstrate a record of excellence in their academic performance. Assessment criteria of the student include their high school GPA, and SAT/ACT scores if provided.

 

Transfer Students

The academic scholarship for transfer students is automatically considered and awarded to incoming transfer students who demonstrate a record of excellence in their academic performance. Assessment criteria of the student include their GPA, recommendation letters, and their personal statement.

 

Continuing Students

The academic scholarship for continuing students is automatically considered and awarded to students who demonstrate a continued record of excellence in their academic performance. Assessment criteria of the student as a whole include their annual cumulative GPA and satisfactory academic progress. At the end of each spring semester, SFS will check the GPA of all scholarship recipients to ensure they have met their scholarship requirements.

 

2021-2022 and Prior

For students who entered prior to the 2021 academic year, under the following situation, the scholarship will be suspended. 1) For Honor, Scholar 1, the students fail to maintain a 3.0 GPA; 2) Scholar 2, Scholar 3, and Excel 1, the students fail to maintain a 2.8 GPA; 3) For Excel 2 and Excel 3, the students fail to maintain a 2.5 GPA; 4) the student has demonstrated any prohibited conduct please refer to the Code of Student Conduct at www.mt.feitian.edu/student-conduct

 

Need-Based Grant: Lotus Grant

This is a non-repayable grant for students who demonstrate financial hardship. The Lotus Grant can only be applied towards tuition and is awarded on a competitive basis. The grant amount is determined by the level of demonstrated financial need and the availability of funds.

Financial Aid Satisfactory Academic Progress Policy

To remain eligible for financial aid, students must meet all three measures of satisfactory academic progress:

  1. Cumulative GPA requirements:

Students must have a cumulative GPA of at least 2.0.

  1. Minimum pace required to complete a degree within the maximum time frame:

Students are expected to enroll full-time, defined as 12 credits per semester, to maintain good academic standing. You are expected to satisfactorily complete a minimum of 10 credits if you are full-time, and 80% of credits attempted if enrolled part-time.

  1. Maximum time frame for degree completion:

The maximum timeframe for degree completion is 150% of the normal timeframe for the program. Students are eligible for 12 semesters of aid without taking into account transfer credits. If students have credits accepted for transfer to Fei Tian College – Middletown or students enroll in summer, the maximum number of semesters of aid eligibility is prorated.

FTCM Financial Aid Application Link

Students who do not meet all of the above requirements will be notified by Student Financial Services about their eligibility to continue receiving financial aid.

Other Sources of Financial Aid

Students may consult the Office of Student Financial Service for information on other methods to defray the cost of tuition.