Financial Aid

Step 2: Receive Your Offer

After you’ve been admitted to Bank Street and you’ve submitted your FAFSA, we’ll email you an Estimated Financial Aid Offer Letter. It will include the amounts, the types of aid, your next steps, and deadlines. It’s important to note that the offer letter is an estimate, based on the program you were accepted into, and if there are changes at registration time, this aid may change. 

Your Estimated Financial Aid Offer Letter may contain: 

  • Total Cost: You’ll see a breakout of your tuition and registration fees and the amount due to confirm a place in your program.
  • Scholarship Eligibility: These are grant funds that do not have to be repaid.
  • State and Federal Aid Awards: These are grant funds that do not have to be repaid.
  • Federal Work-Study Program: This grant provides federal funding for part-time work while you’re a student. Read more below.
  • Loan Eligibility: Loans are borrowed money and must be repaid by the student. If you’ve exhausted all other options to help pay for college, you may need to consider loans—and there are federal loans with low interest rates that we’ll recommend.
  • Grant Eligibility: These are funds that don’t have to be repaid. A grant can help offset the cost of attending for specific students.

After you’ve reviewed the letter, we’ll help you to finalize your financial plan and get ready to become a Bank Street student.

Step 3: Finalize Your Plan

Graduate student at a computer in the library

Federal Work-Study Program

In your Estimate Financial Aid Offer Letter, you may be offered fund from the Federal Work-Study Program (FWS). Work Study allows you to meet part of your educational expenses by working in various College-approved positions on campus or in the community. Work-Study positions currently pay $27.00 per hour.

  • You’ll receive a FWS application by email if you’re eligible.
  • Contact the Office of Financial Aid for available assignments.
  • Enroll at least half-time (5 credits in the Fall or Spring semesters or 2 credits in either Summer 1 or Summer 2) before submitting the FWS application for consideration.
  • To check your eligibility for Federal Work-Study jobs, email finaid@bankstreet.edu