NEWS - FAll 2010

FIT does not mail bills; your bills have now gone paperless and will be available online. A notice was sent to your FIT Email letting you know when your bills were available and when they were due. For more information about payments online and the FIT Monthly Payment Plan you can visit the Office of the Bursar.

DIRECT STAFFORD LOANS

If you have been awarded a Direct Loan Stafford and/or a Direct Unsubsidized Stafford Loan, there are three things you must do to receive your funds:

        1. Accept your award
        2. Sign your Master Promissory Note (MPN) *
        3. Attend an Entrance Counseling Session

*If you are a continuing student at FIT and have previously accepted Direct Stafford loans, signed a Master Promissory Note and completed and Entrance Counseling session, you do not need to do steps 2 & 3 again.

How to Accept Your Awards

If you received an award letter and you did not accept your loans and still wish to receive the loan money offered to you, please go to the FIT portal MyFIT at https://myfit.fitnyc.edu, you will go to the:

• Student Services tab, there you will see
• Financial Aid Resources
• Click on Check My FIT Financial Aid Award Information
• Click on Award by Aid Year
• "Select Aid Year"  go on  the drop down  menu
• Choose Academic Year 2010-2011
• Submit and you will see three (3) Tabs
•  Choose Accept Award Offer - you my accept or decline
  your loan award(s) here.

You may use the Financial Aid Web Center located on the second floor of the
A Building adjacent to the Financial Aid waiting area. If you do not accept the loans offered the funds will not be available for credit towards your school charges.

Master Promissory Note

Once you have accepted your award, you must sign your electronic Master Promissory Note (MPN) by going to the website: www.studentloans.gov.

Entrance Counseling

If you are student at FIT that has accepted a Direct Subsidized and/or Unsubsidized Stafford Loan, you are required to participate in Entrance Counseling.
 
Entrance Counseling is required for students that have been awarded and accepted a Direct Stafford Loan for the first time at FIT. You must participate in an Entrance Counseling Session before your first loan payment can be disbursed into your account. This session will provide you with useful tips and tools and help you understand your loan responsibilities.  We suggest you attend one of the in-person sessions that the Financial Aid Department provides each semester.

Sessions in September

We recommend that you attend a group session so all your questions can be answered. If you will not be able to attend an “in-person” session, you may also complete the requirement online at www.studentloans.gov.

If you have accepted your loans on the web and have completed all other requirements (the MPN and the entrance counseling session), then the funds will be available to you within ten (10) working days of when the disbursement arrives in the Bursar’s Office at B-127. 

PERKINS LOANS

If you have been awarded a Perkins Loan, there are three things you must do to receive your funds:

        1. Accept your award (see above)
        2. Sign your Master Promissory Note (MPN)
        3. Complete an Entrance Counseling Session

You can download a Master Promissory Note, find the link for the Perkins Loan Entrance Interview and other forms regarding the Perkins Loan from the Office of the Bursar.

OTHER LOANS

For more information about Direct Parent Plus Loans, Direct Graduate PLUS Loans, and Alternative or Private Loans you click on LOANS to view more information about these loans.

FEDERAL WORK-STUDY

If you have been offered a Federal Work-Study Award (FWS) for the 2010 - 2011 academic year and are a new participant to our program, it is mandatory that you attend a FWS training session to participate and understand the program.

If were unable to attend the scheduled training sessions, you must come in during FWS office hours and meet with the Federal Work- Study Coordinator. Online Employment Manuals will be distributed at the orientation sessions, can be viewed outside our office, or downloaded from the website (only after you attend orientation).  Your account will only be activated upon completion of the training session.

Work- Study walk-in office hours for the semester will be:
Tuesdays & Thursdays from 1 PM to 2 PM
(during F.I.T.’s Common Hour schedule) in room A-212-F. 

For more information about financial aid you may call the Financial Aid Department at 212.217.3560, or visit Room A212A.