Please read the information below and all Summit documents carefully.
Do not make any assumptions about your financial aid eligibility - including any possible eligibility for student loans.
Avoid problems --- If you need financial aid, file for aid early,
resolve any problems early, complete additional forms early --- and be
sure sufficient aid is in place for you early.
Early in the process, ask a financial aid representative about your specific situation and be sure everything is in place and that you understand the issues.
Discuss your payment issues with the staff in the Summit Office when you make your first inquiry about housing, so they know how you intend to pay that bill and they can best advise you from their perspective.
Be sure you understand the requirements that you must meet to stay eligible for any aid you are initially awarded.
Following are some of our financial aid related FAQs - they have also been posted as part of the overall Summit FAQs on The Summit's website at http://www.thesummitatqc.com/faqs.html
Financial Aid Frequently Asked Questions
Will the cost of my residence hall contract be covered by financial aid?
Financial aid is applied first to a student’s tuition and related fees; residence hall charges are considered last. Most grants through the Financial Aid Office will be awarded as if the recipient were not in the residence hall. Aid that could be higher for eligible students in the residence hall (but might not always be) would include the Direct Loan. For more information, contact a Queens College Financial Aid Services representative..
How will Financial Aid know to review my award to consider my residence hall charges?
Be sure to follow up early with the Financial Aid Office to confirm no items are pending on your application. After you submit your Summit application and room reservation/damage deposit, and your awarded aid is not sufficient to cover your expenses, see a Queens College Financial Aid representative and request a review of your aid. If you already have a student loan for the period you will be in the Summit, ask if an increase is possible based on your charges there. If you do not already have a loan, and want one, discuss your eligibility with your financial aid counselor.
If my financial aid is not definite by the time my residence hall bill is due, what can I do? What happens if my financial aid is reduced or cancelled?
In accordance with College policies, the License Agreement indicates that you understand you are responsible for the charges incurred and for paying on time. This is regardless of your financial aid awards or status.
What else should I consider in applying for student loans to cover my residence hall bill?
Consider loans carefully because they will need to be repaid. Be aware you may not know how much financial aid you will receive until after you make your room reservation/damage deposit. Many students are not eligible to receive the program maximum in loans, so do not rely on those totals in your decision making.