Financial Aid

Don't worry! We'll explain it all.

We understand that applying for financial assistance can seem overwhelming and a little confusing, so we make it as easy as possible. Before you begin classes at the Manhattan Institute, our Financial Aid Officer will meet with you to discuss the various aid programs, assist you with your applications and review the options available to you.

The Manhattan Institute participates in several different types of financial aid programs, enabling our Financial Aid Office to offer you the best possible combination of aid awards.

Frequently Asked Questions

Who is eligible for financial aid?

How does this process work?

What is a financial aid package?

What kinds of financial aid programs are there?

Can I get an idea of how much my financial aid package will be?

What are my rights and responsibilities as a financial aid recipient?

Who is eligible for financial aid?

At the Manhattan Institute, financial aid is primarily available to students enrolled in the Medical Assistant Program and the Personal Fitness Trainer Program. These students must also meet the basic eligibility requirements to receive financial aid. The term “financial aid” includes grant as well loan programs. Grant aid is awarded based on financial need, while student loan programs are available to all eligible students regardless of their financial situation. You are strongly encouraged to apply for these programs even if you don't believe you will qualify, as you may be surprised by how much aid is available.

How does this process work?

The beginning point for all federal aid starts with applying for a federal PIN number.  Students and a parent (if the student is a dependent) can apply online through the Department of Education website at www.pin.ed.gov.

PIN numbers are needed for the next step, which is completing the Free Application for Federal Student Aid (FAFSA) form. This process can be done quickly and easily on the Department of Education’s website.  When completing the FAFSA form make sure you list the Manhattan Institute as your school choice (federal school code #04166000), as this will ensure we receive your information in a timely manner.

Once the application is submitted, it normally takes two or three days for the school to receive the electronic reply from the US Department of Education. The information contained in this document allows us to calculate the amount of student aid you will receive.

It is extremely important that you submit all documentation as soon as possible. It is preferable to have your FAFSA completed at least 30 days prior to the start of classes since we cannot process any aid until your data is received from the federal processor. At times, this process will require us to make changes to your FAFSA data, which can add time to the processing. The absolute deadline to file your FAFSA is a few days before you finish school, as we must receive your information while you are still enrolled in order to process your aid.

Approximately one out of every three FAFSA applications will be chosen by the Department of Education for a review process known as “verification.”  If your application is selected, you (and your parent--if you are a dependent) will be asked to provide copies of the prior year’s tax returns along with other income and asset information. We will let you know if you were selected for verification and give you a list of necessary documentation.

Upon completion of the application and verification (only if required) processes, the Financial Aid Office will prepare a financial aid package for you based on your eligibility and financial need. Your advisor will discuss the timing of aid payments, explain billing and payment procedures and can advise you about alternative financing sources.

The process can be intimidating, but our experienced Financial Aid Advisors are there to assist you.

What is a financial aid package?

Upon completion of the application process, the Financial Aid Officer will prepare a "package" of financial aid for you based upon your eligibility and financial need. This award package may include a combination of grants, loans and other programs. The Financial Aid Officer will meet with you one-on-one to discuss aid programs offered, explain the timing of aid disbursements, describe billing and payment procedures as well as advise you about alternative financing sources.

What kinds of financial aid programs are there?

Federal Pell Grant

Eligible students at the Manhattan Institute who have not received a Bachelor's degree may receive this grant based on financial need.  Federal Pell is a grant that does not need to be repaid. Click here for Information about Federal Pell Grants from the U.S. Department of Education.

Federal Direct Student Loan Program: Stafford Student Loans

All eligible students at the Manhattan Institute are able to borrow a traditional “student loan” from the Federal Direct Student Loan Programs. These loans are called Federal Stafford Loans, and the interest on these loans may be subsidized and unsubsidized. Click here for Information about Stafford Loans from the U.S. Department of Education.

Federal Direct Student Loan Program: Parent PLUS Loans

The parents of dependent students at The Manhattan Institute are generally able to borrow a parent PLUS loan from the Federal Direct Student Loan Program.  Parents can borrow up to the full cost of education (minus any other aid received).  Click here for Information about Parent PLUS Loans from the U.S. Department of Education.

About Federal Student Loans: Important Information

If your financial aid package includes a federal student loan, there are some things you need to do before your loan will be processed. Your Financial Aid Advisor will guide you through these steps.

Before students can borrow under the Federal Direct Student Loan Program, they must complete an "Entrance Interview.” The Manhattan Institute will process Federal Stafford Loans through the Federal Direct Student Loan Program (FDSLP) and will use the Direct Lending Entrance Counseling online process provided by the U.S. Department of Education (DOE). All students will be referred to the appropriate website for this purpose and assistance will be provided if needed. Federal Direct loans will not be disbursed until the student’s entrance counseling has been completed and proper documentation has been obtained.

Prior to graduating, student borrowers will be informed of the necessity to complete Exit Counseling via the Direct Lending Exit Counseling online process provided by the DOE. Each student will also be provided an informational brochure and a loan information printout that details his/her indebtedness according to the school’s records.

Social Security Survivor Benefits

Social security Survivor Benefits may continue to be available to students after the age of 18 if they continue enrollment in an accredited institution of higher education.  Students should check their local social security office for information on continued eligibility and benefits.

Federal Aid to Native Americans

Educational Benefits are available to students who are Alaska Natives, enrolled members of a federally recognized Indian Tribe, or at least ¼ degree Indian blood descendent of a federally recognized tribe. Most programs are based on financial need and the availability of funds. Eligibility is determined and administered by your tribal government and may be awarded in successive years based on the students satisfactory academic progress. Information and applications are available from the education office of the tribe with which you are affiliated. Information is also available from the Bureau of Indian Affairs, Washington, D.C.  20245 or visit the Bureau of Indian Affairs website.

Can I get an idea of how much my financial aid package will be?

The Manhattan Institute provides prospective students with an online calculator that provides general estimates of costs and financial aid. However, these are only estimates, and your actual financial aid may vary. For actual cost and financial aid information, it is always best to visit the school and speak with a Financial Aid Advisor. Please remember that most financial aid is limited to students enrolled in the Medical Assistant and Personal Fitness Trainer Programs. If you would like more detailed information concerning the financial aid process, please do not hesitate to contact the financial aid office at (212) 564-1234.

What are my rights and responsibilities as a financial aid recipient?

Students have a right to obtain from the school:

  • the school's policy on refunds to students who withdraw or are dropped
  • the types of financial assistance available, including information on all federal, state, local, private and institutional financial aid programs
  • the procedures and deadlines for submitting applications for each available financial aid program
  • the criteria used to select financial aid recipients
  • the process used to determine student financial need. This process includes how costs for tuition and fees, room and board, travel, books and supplies and personal and miscellaneous expenses are considered in the cost of education. It also includes how resources (such as parental contribution, other financial aid, assets, etc.) are considered in calculating student need.
  • the amount of student financial need, as determined by the institution, that has been met
  • the type and amount of assistance in a student financial aid package and an explanation of each award
  • what portion of the financial aid award that consists of loans that must be repaid and what portion is grant aid, which does not need to be repaid
  • the interest rate on any loan, the total amount for repayment, the length of time for repayment, the date to start repayment and cancellation or deferment provisions that apply
  • a reconsideration of an aid package, in the instance they believe a mistake has been made or if enrollment status or financial circumstances have changed

It is the responsibility of the student to:

  • review and consider all information about the school's program before enrolling
  • pay special attention to the Free Application for Federal Student Aid (FAFSA), complete it accurately and submit it on time. Errors can delay or prevent students from receiving aid.
  • meet all deadlines for applying or reapplying for aid
  • provide any and all additional documentation, verification, corrections and/or new information requested by the Financial Aid Office, including tax returns and other personal and financial documents
  • read, understand and keep copies of all forms which they are asked to sign
  • comply with the provisions of any promissory note and all other agreements that they must sign
  • promptly notify the school of any change in name, address or attendance status
  • understand Manhattan Institute’s Satisfactory Academic Progress Policy
  • understand Manhattan Institute’s refund policy and the Financial Aid Office’s Return to Title IV Refund policy
  • attend and participate in an "Entrance Interview" before borrowing federal student loans as well as an "Exit Interview" prior to graduation or upon withdrawal from the school, if a student has borrowed federal loans