Tem pays for college

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You may transfer to a different degree granting college and continue receiving the STEM Incentive Program award, provided:. If you have additional questions, feel free to contact the HESC Scholarship Unit at This address is being protected from spambots. Home Prepare. The College Edge Why College? Financial Aid What is Financial Aid? Higher Education Services Corporation. The STEM Incentive Program is open to New York State high school students who graduate in the top 10 percent of their high school class, and pursue an approved STEM program at a public or private degree granting college or university, beginning with the fall semester following their high school graduation.

Recipients can attend any public or private degree granting institution of higher education located in New York State. How do I search for my intended major? Sometimes, colleges have different names for very similar programs.

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It may match one of the codes on the list, which means it is approved. What if my intended major is not on the list? If your intended major is not on the list, or the CIP code of your intended major does not match one of the codes on the list, you are not eligible. If you believe your intended major should be considered for inclusion on the list, you can submit or your college can submit a Request to Add Program of Study. However, there is no guarantee that programs will be added in a given year. Newly approved programs are added each January.

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However, you must list an intended, approved major on your application. If you do not enter into college in an approved program of studyyou will not be able to receive the award. Do I have to know what profession I want before I apply? If you have not selected your college yet, you can still apply. Indicate on your application a possible college you are likely to attend.

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If you ultimately enroll at a different two-year or four-year degree granting college than that identified on your application, you may still receive the award provided you have enrolled in an approved program of study. Applicants must also submit a copy of their most recent high school transcript to document their grade point average, and have a school official complete a High School Verification Form which identifies they are in the top 10 percent of their high school graduating class. Can I apply if I am already enrolled in college, and am in an approved program?

Students ly enrolled in college are not eligible to receive a STEM award. The application period is open from October 1 through August 15 each year.

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What if my high school does not rank? If your high school does not rank, the school must provide pertinent information for HESC to independently determine if you are in the top 10 percent of your graduating class. There is no limitation on the of awards for students attending a public college or university in New York State.

For students attending a private degree-granting college or university, the of awards is subject to available funding. What can I do?

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Applicants who wish to file an appeal may do so by providing written evidence or information that demonstrates why the initial determination was incorrect. Award Amount How much will I recieve? STEM Incentive Program awards cannot be applied to other educational costs such as fees, books or housing. Eligible students will be awarded TAP first. What if my tuition is greater than the maximum STEM award? Student Status What if I transfer to anther college? For students attending a private degree-granting college or university located in NYS, recipients are selected using a lottery method.

You may transfer to a different degree granting college and continue receiving the STEM Incentive Program award, provided: If attending a private, degree-granting college or university located in NYS, you are selected as a recipient through Tem pays for college lottery, You continue in an approved STEM programand You continue to meet all the other eligibility requirements.

What if I transfer to an out-of-state college? If you transfer to an out-of-state college, you will no longer receive STEM Incentive Program award payments, but will still be bound by the terms of the Service Contract.

Once you have completed your program of study, you can still complete your service obligation in New York State to avoid repaying the STEM Incentive Program award amounts you have received. What if I change majors and am no longer in an approved program of study?

If you are no longer in an approved program of studyyou will need to pay back any STEM Incentive Program award payments made on your behalf. If you are continuing your postsecondary education, you will not be required to begin paying back your STEM Incentive Program award until you graduate, but interest will accrue on the amount you will pay back. What happens if I need to take a leave of absence from my education or employment?

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Payments will be made to the school at the end of each semester. The STEM Incentive Program award payment is released to your school at the end of each term, provided the college certifies that you met certain eligibility requirements.

Students are encouraged to complete these applications before starting college each fall.

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To maintain their STEM Incentive Program award payments, recipients must: meet all eligibility requirements ; complete at least 12 credits per semester that are applicable toward their degree requirement; earn a cumulative GPA of 2. Any semester in which the student fails to meet these requirements will result in non-payment of the STEM Incentive Program award for that semester. Tem pays for college service obligation requires STEM Incentive Program award recipients to live and work full-time in New York State for five years in an approved occupation after completing their postsecondary education.

After the service obligation is fulfilled, the recipient is released from the obligation. What if I decide to pursue graduate or doctorate study? If you attend graduate school at least half-time, your service obligation will be deferred until you complete your graduate studies.

You may attend graduate school outside of New York and may pursue any graduate degree. However, when you finish graduate school, you will need to return Tem pays for college New York and begin working in an approved occupation. Where is the list of approved occupations?

How long do I have before I must start working? There is a six-month grace period after you graduate before you must begin working. What if I have difficulty finding a job? If you are experiencing extreme hardship, including difficulty finding a job, you may request a period of deferment. Can I pursue a career in medicine? This includes, but is not limited to, nursing, dentistry, pharmacy, and veterinary medicine.

You will be required to pay back your STEM Incentive Program award, with interest, if you: fail to complete an approved undergraduate program in science, technology, engineering or mathematics; or change majors to a program of undergraduate study other than in science, technology, engineering or mathematics; or fail to complete five years of continuous full-time employment in an approved STEM field with a public or private entity located within New York state upon completion of your undergraduate degree program ; or fail to maintain residency in New York State for such period of employment; or fail to respond to requests by HESC for the status of your academic or professional progress; or breach the terms of the Service Contract.

All award monies received shall convert to a year student loan plus interest. Interest rate for the life of the loan shall be fixed and equal to that published annually by the U. Interest accrues from the day each award payment is disbursed. Interest is capitalized on the day the award recipient violates the Service Contract or on the date HESC deems the recipient was no longer able or willing to perform the terms of the Service Contract.

Tem pays for college

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NYS Science, Technology, Engineering, and Mathematics (STEM) Incentive Program FAQs