Financial Aid

The Financial Aid office staff at Manhattan Institute is eager to assist you step-by-step with applying for financial aid. We offer grants (money that you will not have to pay back), Federal Student Loans (money that must be paid back) and limited institutional funds. We understand how stressful the process can be and how many questions you may have on how financial aid works. The Financial Aid office and staff is here to help you through the process.

The following sections are available to help you understand Financial Aid at our school:

  1. We're Here to Help
  2. Eligibility
  3. Completing the FAFSA
  4. Verification
  5. What a Financial Aid Package Is
  6. Types of Financial Aid Available
  7. Federal Pell Grant
  8. Federal Student Loans
  9. Federal Parent (PLUS) Loans
  10. Gainful Employment
  11. Satisfactory Academic Progress (SAP)
  12. Withdrawal and Return of Title IV
  13. Estimated Cost of Attendance
  14. Net Price Calculator
  15. Rights and Responsibilities as a Financial Aid Recipient

We're Here to Help

Email us at financialaid@manhattaninstitute.edu to schedule an appointment for guidance with completing the FAFSA or call (212) 564-1234.

Eligibility

For information on the different requirements you must meet to be eligible for Financial aid visit StudentAid.ed.gov.

Once you determine you are an eligible student for financial aid, you will need to complete various steps. Remember you are not alone in completing this process; our Financial Aid professionals are available to guide you through the process.
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Completing the FAFSA

Step by Step: On how to complete the Free Application for Federal Student Aid (FAFSA):

  1. Create an FSA ID
    First steps is to create an FSA ID which will give you and your parent access to Federal Student Aid’s online systems and can serve as your legal signature. Watch this video on how to create an FSA ID:


  2. Determine Status
    To determine if you are an independent student and will not need your parent's information, please watch the following video:


  3. Learn More About the FSA ID
    Let’s get started by getting acquainted with the FSA ID:


  4. Learn More About the FAFSA
    Now that you have created your FSA ID watch the following videos providing an overview of completing the FAFSA: https://studentaid.ed.gov/sa/fafsa

Our Financial Aid experts at Manhattan Institute can guide you and your parents in completing the FAFSA. By meeting with one of our Financial Aid advisors you will avoid mistakes that will delay your award.

After the FAFSA what happens next:


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Verification

One you complete and submit your FAFSA, you may be selected for verification. This process just means that you will need to submit additional documentation to the Financial Aid office. For example, you may need to submit a Federal Tax Transcript or a statement of non-filing. If you would like to request a IRS Transcript, visit the IRS website. Please email us for additional informational information at financialaid@manhattaninstitute.edu.
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What a Financial Aid Package Is

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.
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Types of Financial Aid Available

Manhattan Institute offers the following Federal Student Aid (Title IV) to eligible students who complete the FAFSA. For additional information schedule an appointment to meet with a Financial Aid Advisors who can provide you with additional guidance. Click here to view the criteria for an eligible student. Types of Federal Financial Aid available include:

  • Federal Pell Grant
    Award Description: Federal need based grant available to eligible students. To determine your eligibility you must complete a FAFSA and obtain an FSA ID. Click this link for additional information.
  • Federal Supplemental Educational Opportunity Grant (FSEOG)
    Award Description: Federal need based grant available to students who are eligible for a Federal Pell Grant. FSEOG funding is limited and students are encouraged to complete the FAFSA in a timely manner.
  • Federal Stafford Loans
    Award Description: Federal need based loan available to eligible students who submit a FAFSA. The Office of Financial Aid determines eligibility and loan amounts based on the student's financial need. Subsidized vs. Unsubsidized: The Stafford Loan has two variations, Subsidized and Unsubsidized. If the student demonstrates financial need, the federal government pays the interest (subsidizes) on the loan during the student's period of enrollment. Students with no financial need are eligible for the Unsubsidized Stafford Loan, and the student is responsible for the interest accrued during their period of enrollment. Click here for more information about Federal Stafford Loans.
  • Federal Parent Loans to Undergraduate Students (FPLUS)
    Loan Description: Loan opportunity available to parents of dependent students who do not have an adverse credit history. Parents may borrow up to the entire cost of a student's education (including living expenses) less other financial aid from participating lenders. For additional information click here.

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Federal Pell Grant

The Federal Pell Grant is a need-based grant available to eligible students. To determine your eligibility you must complete a FAFSA and obtain an FSA ID. Click this link for additional information.
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Federal Student Loans

At Manhattan Institute we believe that all students should receive information on all entitlement programs.  The U.S. Department of Education offers low interest loans for students who needs assistance with paying tuition and other living expenses known as indirect cost. Borrowing a Federal Student Direct Loan requires taking on responsibilities. View this video for more information on smart borrowing:

To learn more about the Federal Direct Student Loan program, please visit FSA information on student loans.

To apply for a Federal Direct Student Loan visit: www.studentloans.gov.

You will need to first complete Entrance Counseling. The second step will be to complete a Master Promissory Note (MPN). Meet with a Financial Aid advisor who will provide you with additional information on the amount to borrow.  Our everyday advice is: only borrow what you need, because this is a loan that must be repaid.

LOAN DISCLOSURE STATEMENT

When your loan award is sent for funding, the Department of Education will send a loan disclosure statement with your fees, gross award, estimated disbursement dates and more. Click this link for an example.

Once you complete your Externship or withdraw from all of your classes, you will need to complete Exit Counseling at www.studentloans.gov.  

Please view this video on budgeting:

To get an idea of the estimated salary amount you may anticipate once you complete the program, visit O*NET OnLine. If you would like to go directly to the O*NET OnLine profiles for our Medical Assistant or Personal Fitness Trainer programs, please use the following links:

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Federal Parent (PLUS) Loans

If you are a dependent student your parents may be eligible for a low interest Federal Parent Loan (PLUS).  Please click here to learn more about the Federal PLUS loans.

To Complete the pre-credit check and the Master Promissory Note, visit www.studentloans.gov. For steps on applying for a Federal PLUS Loan contact the Financial Aid office.
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Gainful Employment

To view gainful employment data for our Medical Assistant program click here.

To view gainful employment data for our Personal Fitness Trainer program click here.
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Satisfactory Academic Progress (SAP)

Satisfactory Academic Progress (SAP) policy applies to currently to all students in the Medical Assistant and Personal Fitness Trainer program at Manhattan institution. Every Medical Assistant student is required to make satisfactory academic progress towards the completion of their program. Academic progress is measured both by grade point average (qualitative determination), and by the amount of time required to complete the program of study (quantitative determination).

In addition to the requirements detailed in this policy, students are expected to pass all courses and maintain a minimum cumulative grade point average GPA of 2.00 throughout their academic program. Students who are not consistently maintaining a satisfactory GPA and/or attendance will be referred for academic advising, remediation, and/or tutoring as appropriate.

Increments and Payment Periods: Academic Progress shall be measured at the end of each "increment'. An "increment" is defined as one-half (as measured in both weeks and instructional hours) of the student's program (or remaining period of the program for any student attending less than the entire program length). For programs which are eligible programs for Federal Title IV Financial Aid, these increments correspond to the "payment periods" for financial aid.

Academic Progress Standards Minimum Cumulative Grade Point Average Cumulative Hours Completed/ Attempted
End of 1st increment (450 Clock hours) 2.00 60 percent
End of 2nd or subsequent increment 2.00 60 percent

 

Additional "Maximum Timeframe" Standard: Eligibility is also limited to students completing their programs within one and one-half times the normal program length. The maximum timeframe is reached when the student has attempted more than one and one-halftimes the number of hours required to graduate from his/her program. The maximum timeframe standard evaluation for transfer students will consider all credits attempted at Manhattan Institute, or accepted for transfer or proficiency credit. Students who change programs may request that their maximum timeframe be re-calculated based solely on those hours that are applicable to the current program of study. A determination of ineligibility based upon the maximum timeframe standard cannot be reversed under the "Regaining Academic Eligibility" section (below), and no warning or probationary increment shall be granted.

GPA and Grading Policy: All issues of grading policy, Grade Point Average (GPA) calculation, attendance, etc. are calculated in accordance with the general academic policies of Manhattan Institute. Grades will be issued for each component according to the following scale:

A = 100 % - 90% (4.0)
B = 89%- 80% (3.0)
P = Pass
F = 59%-0% (0.0)
I = incomplete
C = 79%-70% (2.0)
D = 69% -60% (1.0)
W = Withdrawn
T = Transfer credit accepted

Grades of A, B, C and D are considered attempted and earned, and are used in calculation of the GP A. Grades of F are considered attempted and not earned, and are included in the GPA calculation as a zero. Grades of l and W are considered attempted but not earned, and have no effect on the GPA.  Grades of P and T are considered attempted and earned, but are not included in the GPA calculation. Manhattan Institute may choose to require that the student repeat a failed course.

Completed/Attempted Clock Hours: "Attempted Clock Hours" means the number of scheduled instructional hours (clock hours) in the program as listed in the Manhattan Institute calendar for the enrolled program. "Completed Clock Hours" means the number of "attempted" clock hours a student actually attended.

Transfer Students: Accepted transfer credit shall be considered as completed coursework for purposes
of this policy. However, since no grades are assigned to transfer courses, they will not impact the students GPA. Increments for transfer students shall be defined individually based upon the remaining period of instruction.

Return after an Absence: A student who returns after a withdrawal, dismissal, or other absence of 180 calendar days or less, shall be evaluated in the same manner as if the absence had not occurred, with the exception of any necessary changes to the start and end dates of planned increment.

A student, who returns after a withdrawal, dismissal, or other absence of more than 180 days, shall be measured in a manner consistent with a transfer student as noted above.

Academic and Financial Aid Warning Status: Students who fail to meet the standards defined above will be placed on Academic Warning Status and Financial Aid Warning Status if the student is enrolled in the Medical Assistant or Personal Fitness Trainers programs for the following increment. Students in Financial Aid Warning Status remain eligible for federal student aid.

If a student has not returned to "good" academic standing (according to the chart) by the end of the Warning Status increment, the student will be academically dismissed from Manhattan Institute and lose eligibility for federal student aid from that point forward. Such dismissal/loss of eligibility may be subject to appeal (see below).

Data Corrections: If a student's academic record is corrected subsequent to the evaluation date, a student may submit a written request to the School Director's Office for re-evaluation of academic status/aid eligibility.

Regaining Academic Eligibility:

1. Mitigating Circumstances Appeal: A dismissal (and loss of eligibility for federal financial aid) may be appealed based on mitigating circumstance(s). A mitigating circumstance is defined as an exceptional or unusual event(s) beyond the student's direct control, which contributed to or caused the academic difficulty. Examples include: the death of a relative, an injury or illness of the student, or other special circumstances. Appeal letters should be addressed to the School's Financial Aid Officer and must include a complete description of the circumstances that led to the academic difficulty, how those circumstances have changed, and a plan for future academic success. Copies of supporting documentation should be included. All appeals are reviewed by a committee of academic and administrative staff whose determination is final. A mitigating circumstance appeal may not be used to override the Maximum Timeframe Standard. Further, appeals will not be granted to students for whom the completion of the program will not be mathematically possible within the Maximum Timeframe Standard (see above).

A student for whom a mitigating circumstance appeal is approved will be placed in Academic Probation Status (and Financial Aid Probation Status if the student is enrolled in an eligible program) for one increment. If the student has not returned to good academic standing (according to the chart) by the end of a probationary increment, the student will be dismissed from Manhattan Instituted and lose eligibility for future financial aid.

2. Regaining Eligibility Other Than Through Appeal: Students who have been academically dismissed from Manhattan Institute (and lost federal financial aid eligibility) may potentially regain academic eligibility by making up the academic deficiencies at Manhattan Institute as a provisional student without benefit of federal financial aid. Placing a student in provisional status is at the discretion of the School Director. Students for whom the completion of the program will not be mathematically possible within the Maximum Timeframe Standard (see above) will not be approved for regained federal financial aid eligibility.

Return to Good Standing: Once a student has returned to good academic standing, any previous academic difficulty, warning, or probation shall have no future bearing on the student's status. Hence, such students will have benefit of all provisions of this policy, including a warning increment.
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Withdrawal and Return of Title IV

Withdrawl from Manhattan Institute

Any student may officially withdraw from Manhattan Institute.  Ceasing to attend classes does not constitute an official withdrawal.  There is no withdrawal from individual classes at Manhattan Institute.  When a student stops attending classes without notifying Manhattan Institute, several attempts are made to contact the student.  After the student has exceed the allowable 10% of absences for the term, Manhattan Institute can administratively withdraw the student and a WF (withdrawal fail) is recorded for all actively enrolled courses on the student’s academic transcript, regardless of performance.

Withdrawal Procedure

All students who wish to officially withdraw must first meet with the Registrar in person or by phone.  The students should complete the Request for Withdrawal Form.  The completed form is returned to the Registrar’s Office.

Students receiving Federal Student Aid or any other federal or state aid may be subject to a recalculation of funds (R2T4) earned as determined by the aid source (Please see the Return of Title IV Policy section).  Students that have taken out a Direct Stafford Loan will be required to complete an exit counseling online. Students with account balances will be contacted by the Bursar to set up payment arrangements.

Return of Title IV Policy (R2T4)

Students receiving Federal Student Aid may be subject to a recalculation of funds earned as determined by the aid source. Unearned funds are refunded directly to the proper funding agency by Manhattan Institute. For more information, contact the Financial Aid Office. Students who have received loan monies for the cost of tuition are fully responsible for the repayment of the earned portion of these loans regardless of their successful completion of the program. Manhattan Institute notifies all financial institutions of a student’s withdrawal within 30 days or as required by the financial institution.
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Estimated Cost of Attendance

Based on 2018-2019 tuition costs for eligible financial aid certificate programs. The cost includes tuition and fees, books, and supplies, room and board, personal expenses, and transportation for students enrolled in the Medical Assistant or Personal Fitness Training programs at Manhattan Institute.

The costs for an independent student or a dependent student not living with parents is as follows:

The costs for a dependent student living with parents is as follows:

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Net Price Calculator

Below is the online Net Price Calculator designed to assist first-time, full-time students with calculating the estimated educational cost for attending Manhattan Institute. On average, 90% of first-time, full-time students at Manhattan Institute receive some type of financial aid.

Final eligibility for aid is subject to the student completing the FAFSA (Free Application for Federal Student Aid), meeting eligibility requirements, meeting deadlines, and the availability of FSEOG funds. The Net Price Calculator is for estimating purposes only.

 Access our Net Price Calculator

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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

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