How to Apply for Financial Aid

New and continuing students must apply for Federal Financial Aid every year.

Students must be registered, and all documentation required by financial aid submitted to the financial aid office, before aid can be processed. 

Step 1: Create your FSA ID
If you haven’t done so previously, you will need to create your own FSA ID account to complete federal student aid tasks.  

Step 2: Complete the Free Application for Federal Student Aid (FAFSA) on or after October 1st

The FAFSA questions ask for information about you (your name, date of birth, address, etc.) and about your financial situation. Depending on your circumstances (for instance, whether you’re a U.S. citizen or what tax form you used), you might need information or documents as you fill out the application.

Some helpful info and links:

Step 3: Review the Cost of Attendance (COA)
You can find your COA in your TouroOne portal account. The maximum amount of aid applied for in a year cannot exceed the COA for that year.

Step 4: Complete the Entrance Counseling
First time borrowers at NYSCAS must complete the Entrance Counseling. This will ensure you understand the terms and conditions of your loan and your rights and responsibilities. You will learn what a loan is, how interest works, your options for repayment, and how to avoid delinquency and default. Make sure to complete the Entrance Counseling for Undergraduate students. 

Step 5: Sign Master Promissory Note (MPN)
First time borrowers taking out a Direct Subsidized and/or Unsubsidized Loan must complete and sign an MPN. Parent PLUS Loans require a separate MPN.

Step 6: Complete the Annual Student Loan Acknowledgment (ASLA) *New for the 21-22 Academic
Complete an Annual Student Loan Acknowledgment each year you accept a new federal student loan.

Once all steps are completed you will receive your financial aid offer and instructions through your student Touro College email. Please monitor your Touro email account daily.

Notes on Financial Aid

In reviewing your application, we may request additional documentation.

Loan funds are disbursed directly to the College to cover the cost of tuition. The Bursar’s Office distributes credit balance refunds within 14 days of receiving the funds.

Entrance and Exit Counseling

Incoming students and first-time loan borrowers need to complete and pass the Entrance Counseling before applying for federal student loans.

Once you have successfully completed the session, your results will be sent electronically to the Financial Aid Office and we will proceed with certifying your loan. Please print a copy of the entrance counseling results for your records.

Students that are graduating, withdrawing, or dropping below half time enrollment need to complete the Exit Counseling.

Policies & Procedures

Awarding Policy  

Disbursement Policy  

Financial Aid Reference Documents  

Special and Unusual Circumstances  

Reporting Fraud Policy  

Student Loan Code of Conduct  

Verification Policy  

Withdrawal and Return of Funds