Understanding the New SUNY Financial Aid Award Letter

By Cynthia Rybaltowski, coordinator for student accounts

June 13, 2013

Money symbol in white envelopeLast September, SUNY Chancellor Nancy Zimpher officially launched the SUNY Smart Track campaign. This campaign is an initiative to improve student financial literacy and address the concerns of student loan debt. Smart Track will use new tools and services to help educate students from the earliest stage of financing their education.

One component of SUNY’s Smart Track campaign is a new SUNY award letter. The SUNY award letter displays amounts in these categories:

  • student estimated cost of attendance
  • grants and scholarship
  • loans offered
  • federal work-study
  • student and family options

Also incorporated in the award letter are campus specific details such as graduation rates, loan default rates and the median student loan debt from that campus.

While a few SUNY campuses have piloted the implementation of the SUNY award letter, all campuses will be using this format by the end of 2013.

Empire State College expects to begin using the SUNY award letter format in July of this year. A guide to the new format as well as an FAQ page will be available on our website to assist students with the transition.

Other components of Smart Track in development are:

  • an expansion of the Student Loan Service Center
  • the Early Engagement program
  • Smart Track website

This campaign’s objective is to help reduce student debt and create a more financially sound future for SUNY students and alumni.

Image courtesy of sscreations / www.freedigitalphotos.net

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Acting President Meg Benke Testifies at Department of Education Rulemaking Hearing on Title IV Financial Aid, By Michael Mancini, director of community and government relations, Office of Communications and Government Relations

SUNY Empire State College Teaching Gallery Presents: The Penciling and Sequential Art of Tyson Reed, By Judith Belt-Smith, graduate student, School for Graduate Studies

Did You Know...

Students can get free financial advice through the Student Wellness Assistance Program and Talk-one-2-one
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Meet James Sheppard, By David Henahan, director of communications, Empire State College

Creative Corner

Social Corner

Article Contributors

Kristina Delbridge

Jessica Estremera

David Henahan

Michael Mancini

Cynthia Rybaltowski

Judith Belt-Smith

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