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  Nov 30, 2020
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Financial Aid

To assist students and parents in meeting the costs of an education at Russell Sage College, the Office of Financial Aid Services offers a variety of scholarship, grant, loan and employment programs. Funds from these programs are sponsored by federal, state, and private sources. Additionally, a commitment of more than $10 million from The Sage Colleges is provided to assist students. Most types of assistance are based on financial need, which is the difference between the cost of education and the estimated contribution of the student and family (Estimated Family Contribution or EFC). The EFC is determined through a measurement of family resources that is consistent for all applicants and is a reflection of the first principle of college financial aid: The student and family have the primary responsibility for meeting college expenses.

In addition to aid awarded on the basis of need, Russell Sage College sponsors a number of scholarship programs that recognize academic achievement, talent, and other individual characteristics of the student. Private organizations, societies, and agencies also make available grants and other awards for individuals who meet their eligibility criteria. Secondary school guidance offices, public libraries and websites are the best sources of information regarding private scholarship opportunities.


Those seeking consideration for aid must be enrolled as degree- or certificate-seeking students on at least a half-time basis (six credit hours per semester for undergraduates) to qualify for most financial aid programs. Most grants and scholarships provided directly by Russell Sage College require full-time attendance. United States citizenship or permanent resident status is an eligibility requirement for all programs. It should also be noted that federal and state legislation frequently modifies requirements and eligibility standards for financial aid.

Application Procedures

Because financial aid is awarded on an annual basis, these application procedures must be followed each year. While admission is not required to initiate an application for financial aid, new students will not receive confirmation of their status until the Office of Financial Aid Services is notified that the admission process is complete.

  • The Free Application for Federal Student Aid (FAFSA) should be completed as soon as possible after January 1, but no later than March 1, preceding the academic year for which assistance is requested. Students are requested to file the FAFSA online at Electronic filing is an accurate and fast means of filing for financial aid. When filing electronically, New York State residents may file for TAP at the same time (see below).
  • New York State residents should also complete the application for the Tuition Assistance Program (TAP). The New York State Higher Education Services Corporation will mail this form to your home if you opt not to file electronically.
  • Applicants and their parent(s) (when the applicant is dependent), selected through the FAFSA process for verification, must submit all pages of completed tax forms upon request by the Office of Financial Aid Services. A verification worksheet must also be submitted. Failure to complete the verification process prior to the start of the academic year may result in the loss of institutional grants.
  • Early action applicants for Russell Sage College can request appropriate aid forms from the Office of Admission in December of their senior year to obtain an early estimate of their financial aid packages. Requests should be coordinated through the Office of Admission.

Conditions of Financial Aid Awards

Terms and Conditions

  • All aid is awarded on an annual basis. Aid amounts are credited to student’s account for each semester’s charges based upon enrollment.
  • Refunds of any excess credit will be made approximately halfway through each term through the Office of Student Services. Refunds are generated when the student account reflects a credit balance resulting from direct payments and/or the posting of financial aid.
  • Earnings from student employment are paid bi-weekly directly to the student. As such, this award may not be deducted from student account balance due amounts.
  • Since aid is awarded on the basis of annual financial information from students, and college costs change each year, the makeup of financial aid awards may vary depending on changing circumstances.
  • Outside sources of assistance - such as private scholarships and Vocational and Educational Services for Individuals with Disabilities (VESID) must be reported to the Office of Financial Aid Services. It is possible that financial aid already awarded could be modified as a result.
  • All awards of federal and state aid are tentative, pending approval and receipt of funds from the source.
  • College costs on which financial aid eligibility is calculated include direct expenses (such as tuition, fees, and room and board for resident students), and indirect expenses (such as books, supplies, personal and incidental expenses, and transportation and home maintenance for commuting students).
  • Returning students are expected to file the FAFSA by April 1 preceding the academic year for which assistance is requested. Students filing after April 1 may not be eligible for institutional grants previously awarded
  • Students receiving institutional academic scholarships are required remain in good academic standing and at full-time status to continue receiving these monies.

Sage$en$e Online

Sage$en$e Online is the financial aid portal at The Sage Colleges. It can be utilized by students and parents to access a student’s financial aid information. Sage$en$e Online is also an interactive financial planning tool. Students financial aid will not be posted to a student’s financial account until the student has accepted their awards through Sage$en$e Online and completed all relevant tasks associated with their awards.

Sage$en$e Online is accessible for students through SageAdvisor. Students will use their SageNet login and password to log into SageAdvisor. From the Student Menu, under Financial Information, simply click on the Sage$en$e Online link. Students have the option of providing authorization for parents, guardians, or other third parties to also be able to access Sage$en$e Online.

Satisfactory Academic Progress for Institutional and Federal Awards

Continued eligibility for most forms of financial aid requires students to achieve specific quality (grade averages) and quantity (credits earned) standards. Below are outlines of academic standards which must be met to comply with federal and institutional requirements. Academic progress is monitored by the Office of Financial Aid Services through established institutional guidelines.

Baccalaureate Degree Students:    
Semester Grade Point Average Credits Completed  
1 1.00 6  
2 1.25 15  
3 1.50 22  
4 2.00 30  
5 2.00 40  
6 2.00 51  
7 2.00 61  
8 2.00 72  
9 2.00 84  
10 2.00 96  
11 2.00 109  
12 2.00 122  

Undergraduate full-time status equals 12 or more credits per semester. Federal or institutional aid recipients enrolled less than full-time are required to meet these standards on a basis proportional to their enrollment status. For transfer students, satisfactory academic progress will be measured by equating transfer credits accepted by Sage to the number of cumulative credits earned, as indicated on the above chart.

An incomplete grade in a course will count as an equivalent failing grade. When the incomplete grade is updated, satisfactory academic progress will be reevaluated. Courses from which a student has withdrawn will count as an equivalent failing grade. Non-credit remedial courses will not be included in any part of the satisfactory academic progress calculation.

Students failing to make satisfactory academic progress will lose eligibility for federal and institutional financial aid. They may appeal if they believe that special circumstances have affected their academic performance. The appeal must be in writing and submitted with appropriate documentation to the Director of Financial Aid.

A student may regain satisfactory academic progress by attending Sage for a semester without the benefit of federal and institutional financial assistance and improving academic performance to meet progress guidelines.

Satisfactory Academic Progress for New York State Aid

To be eligible, and remain eligible, for the Tuition Assistance Program (TAP), students must:

  • be a full-time (12 credits or more per semester) and matriculated student at each level of study, and
  • maintain good academic standing by meeting program pursuit and satisfactory academic progress requirements as detailed below.

Program Pursuit is defined as:

  • completion of at least 6 credits during each term of study in the first year for which an award is received; or
  • completion of at least 9 credits during each term of study in the second year for which an award is received; or
  • completion of at least 12 credits during each subsequent term for which an award is received.
Before being certified for this payment A student must have accrued at least this many credits With at least this grade point average
First 0 0.00
Second 6 1.5
Third 15 1.8
Fourth 30 2.0
Fifth 45 2.00
Sixth 60 2.00
Seventh 75 2.00
Eighth 90 2.00

Major Sources of Financial Aid

Federal Programs

Federal ACG/SMART Grants - These grants are awarded to Pell eligible students who either completed a rigorous high school program or are pursuing a degree in mathematics or natural sciences.

Federal Pell Grants - Up to $5,350 per academic year, with prorated lower amounts for less than full-time enrollment status. These awards are completely need-based and available only to undergraduates who have not previously earned a baccalaureate degree.

Federal Supplemental Educational Opportunity Grants (FSEOG) - Up to $4,000 annually for undergraduate study. These grants are available to students with high financial need who are eligible for a Pell Grant.

Federal Work Study - Student employment funded by Sage and the federal government. The jobs are in a variety of areas, primarily on campus (examples are the libraries, campus centers, offices and departments), are usually limited to 8-10 hours per week, and generally pay at the prevailing state minimum wage or slightly higher.

Federal Perkins Loans - The amounts of these federally funded, need-based loans are determined by the Office of Financial Aid Services and cannot exceed $4,000 each year, or $15,000 for an entire program leading to a baccalaureate degree. The interest rate is fixed at 5 percent. Given allocation restrictions, Perkins Loans are not available for students who have attained junior and senior class status.

Federal Stafford Loans - Beginning with the summer of 2010, The Sage Colleges will be participating in the William D. Ford Direct Loan program.  Student and parent borrowers will receive funding for their federal student loans directly from the U.S. Department of Education rather than from private banks and other lending institutions as they do now through the Federal Family Education Loan Program (FFELP).

Direct Loans are federally insured low-interest education loans for students and parents.  These include the Direct Subsidized Loan, the Direct Unsubsidized Loan, the Direct Parent Loan for Undergraduate Students (PLUS), and the Direct Graduate Plus Loan program for graduate and professional students.

Direct Subsidized and Unsubsidized Loan:

Undergraduate students may borrow up to $3,500 (freshman year), $4,500 (sophomore), or $5,500 (junior and beyond) with an interest subsidy if need is demonstrated, or unsubsidized if there is not demonstrated need.  The interest rate for a Direct Subsidized Stafford Loan effective July 1, 2010 is 4.5%.  In addition, all undergraduate students can borrow up to $2,000 in unsubsidized loans.  The interest rate for a Direct Unsubsidized Stafford Loan effective July 1, 2010 is 6.8%.  Students who qualify as independent of parents or whose parents are denied a PLUS loan are eligible for up to $4,000 (freshman or sophomore) or $5,000 (junior or beyond) in additional unsubsidized loan.  Insurance and origination fees are approximately one percent are removed from the gross amount prior to disbursement.

Direct Plus Loans:

Direct Plus loan programs are available to parents of dependent students, with the maximum amount available calculated as the cost of education less any financial aid received.  These loans are not need based and the interest accruals from the time they are disbursed.  The interest rate is fixed at 7.9% effective July 1, 2010.  Insurance and origination fees are approximately three percent and are removed from the gross amount prior to disbursement.



Alternative Loan Programs - are offered through lenders to assist students with the cost of education. The yearly limit on an alternative loan is equal to the cost of education minus available financial aid. To receive an alternative loan, students will need to be creditworthy. The lender may also require a cosigner. Information on this option is available through the Office of Financial Aid Services and lender websites.


Veterans’ Administration Benefits - Available to those with at least 180 days of continuous active duty between 1955 and 1976. Assistance is in the form of monthly stipends and is dependent on enrollment status. Details can be secured from the Office of the Financial Aid.

Ombudsman - When reasonable efforts through other channels have not resolved a dispute or problem regarding federal education loans, students can contact the Student Financial Assistance Ombudsman. The U.S. Department of Education’s Ombudsman office can propose solutions that may help students and other parties come to a final agreement, although an ombudsman can’t reverse a decision or take sides. Reach the ombudsman at:

Office of Ombudsman
Student Financial Assistance
Room 3012, ROB #3
7th & D Streets, SW Washington, D.C. 20202

State Programs

Tuition Assistance Program (TAP) Up to $5,000 per year for undergraduate full-time students who have been New York State residents for at least one year. TAP awards are based on the net taxable income of the family and are renewable for four years of baccalaureate study. Students in the Higher Education Opportunity Program or in approved five-year curricula may receive TAP awards for one additional year.

Higher Education Opportunity Program (HEOP) Available to educationally and economically disadvantaged residents of New York State. In addition to extensive financial assistance, students receive counseling, tutoring, and assessment support throughout their years at Sage. A five- or six-week summer program prior to the first year of enrollment is required of students who qualify. Eligibility is determined on the basis of academic background and family income.

Miscellaneous In addition to the above, New York State administers assistance programs for children of deceased or disabled veterans, deceased corrections officers, and deceased firefighters. Direct grants are available to Vietnam-era veterans.

Native Americans may be eligible for assistance for undergraduate study from both New York and federal sources.

New York State also provides grants and scholarships to students who concentrate in specific fields of study - including education, nursing, physical therapy, and occupational therapy.

Although separate application procedures are required for state-sponsored aid programs, information and guidance can be secured from the Office of Financial Aid Services.

Academic Scholarship and Financial Services Programs of The Sage Colleges

Sage awards merit scholarships to its most academically competitive applicants ranging from $4,000 to $15,000 a year. Upon applying for admission to Sage, students are automatically considered for merit scholarship; there is no additional application. Awards are renewable, provided the student remains enrolled full-time and maintains good academic standing and

Additional Scholarships

In addition to the above awards, there are other endowed scholarships that are awarded by the Office of Financial Aid  based upon specific qualifying criteria. These scholarships  may not be avaialble every year as they may be already awarded to a continuing student. There are no additional applications required.

A. Lindsey and Olive B. O’Connor Foundation Endowed Scholarship For students enrolled in health science programs, with first preference to students from Delaware County, N.Y., and any balance to be used for students from Otsego, Schoharie, Ulster, Sullivan, Broome, Greene, or Chenango County.

Anne Marie Kopecky Vidaver Endowed Scholarship To a student who plans to attend graduate school in a non-medical area. Preference given to a student who plans to go into a high risk or unconventional area of research dealing with plants or microorganisms.

Anne Gruver Robb, RSC ‘51, Endowed Scholarship for Day Students For commuter students.

Anonymous Endowed Scholarship To needy and worthy students

Arthur and Rosalind Robinson Memorial Nursing Endowed Scholarship To a rising junior Nursing student from New York State with financial need, who has demonstrated interest and aptitude in clinical nursing and who has maintained a B average or above.

Barbara L. Provus Endowed Scholarship To women of color, preferably from the inner city. Awarded to an incoming first-year student who will continue to receive the scholarship throughout her four years at RSC provided that she maintains good academic standing and has continued financial need.

Bellevue Hospital Nursing Endowed Scholarship To a student who demonstrates academic and personal excellence, interest in women’s health, the promise of contributing to health related professions, and interest in working cooperatively.

Benjamin and Minnie Goldenberg Endowed Scholarship To full time students pursuing a major within the School of Education.

BRAE Endowed Scholarship To a student enrolled in the Nursing program, with preference to a student interested in a career in public health nursing.

Burdick Endowed Scholarship To a returning woman in need of financial assistance.

Catherine Hasbrouck Calhoun Endowed Scholarship To a student in the field of Physical Education, or in a substitute field for Physical Education, who is in need of financial assistance.

Charles E. Bessey Family Endowed Scholarship Awarded to undergraduate students with demonstrated need.

Class of 1934 Memorial Endowed Scholarship To be awarded to students who demonstrate academic excellence and character and leadership potential, as well as financial need.

Corporate Connection Scholarships offered by Capital Region companies to full-time students from the Capital Region entering their final year of study. To receive this scholarship students must have a minimum cumulative grade point average of 3.00, and reside in one of the following counties: Albany, Columbia, Montgomery, Rensselaer, Saratoga, Schenectady or Schoharie.

Doris Adams Ferguson, RSC ‘53, Memorial Endowed Student Fellowship for Sociology To a rising junior or senior from the Department of Sociology and Criminal Justice with demonstrated financial need related to an internship, senior project or baccalaureate thesis.

Edith E. Robinson Memorial Scholarship To an Education major from New Jersey with demonstrated financial need.

Elizabeth Q. Ammerman Memorial Endowed Scholarship To a Physical Therapy student.

Elizabeth M. Desch, RSC ‘36, Physical Therapy Scholarship To female Physical Therapy students who are attending or have graduated from Russell Sage College with financial need.

Esther Posselt Kokkins Endowed Scholarship Awarded to a rising junior demonstrating native intelligence, scholastic competence and application, a sense of values, character, personality, and promise for future usefulness to society.

Evelyn Grant Stearns Endowed Scholarship For general scholarship purposes.

Fred L. Emerson Social Service Endowed Scholarship To students from Central New York, with preference to those from Auburn, N.Y., enrolled in a baccalaureate program in Criminal Justice, Forensics, Health Policy and Society, Political Science, Psychology, Sociology, Nursing, Nutritional Science, Occupational Science, Communications, Creative Arts in Therapy, or Business Administration.

Fredericka Voorhaar Slingerland, RSC ‘36, Scholarship To Russell Sage students who are commuting to college while living at home.

General Endowed Scholarship This fund provides for general scholarships on a need basis.

George and Leona Lewis Endowed Scholarship To outstanding graduate or undergraduate students majoring in Nursing or Physical Therapy.

George I. Alden Trust Endowed Scholarship To students from Massachusetts.

George Rauh and Marjorie Angus Rauh Endowed Scholarship To a first-year student majoring in English , to help pay for tuition, room and board, and books for the first year of attendance at the college.

Gicca-Coomes Memorial Endowed Scholarship To needy and worthy students from Troy High School in New York State who remain in good academic standing.

Grace I. Van Dervoort Endowed Scholarship To a rising sophomore or junior majoring in Chemistry or Biochemistry with an impressive record of academic achievement.

Helen Carroll Endowed Scholarship To a graduate of Plattsburgh High School or in the event no student qualifies, the scholarship will be awarded to a worthy student with financial need.

Helen E. Dean Endowed Scholarship To a rising sophomore, junior, or senior pre-medical student with proven financial need and in good academic standing. If there is no pre-medical student, the scholarship is to be awarded to a science student.

Helen McKinstry Memorial Endowed Scholarship General scholarship awarded to students of high character, citizenship, and academic achievement, and exemplifying those qualities of mind and spirit which President McKinstry believed essential to a successful and fuller life.

Helen Upton Memorial Endowed Scholarship To returning women students.

Howard James Radley Memorial Endowed Scholarship in English To students pursuing a baccalaureate degree in English or, if no such student can be identified, a student majoring in another area of the humanities. Awarded based on merit without regard to financial need.

Irene Mikos Rohr, RSC ‘43, Endowed Scholarship To undergraduate Russell Sage students majoring in Chemistry, who are U.S. citizens and are from either NY, PA, NJ or CT and have financial need.

Isabelle Wagner Taylor Endowed Scholarship To deserving students in the field of Psychology.

Josephine H. Seber Endowed Scholarship To graduates of Troy High School.

Legal Studies Scholarship To deserving students in the RSC 3+3 Legal Studies program.

Lorraine Flaherty Scholarship To young women entering Russell Sage wishing to major in the sciences or mathematics.

Louis H. Gross Student Worker Endowed Scholarship To students who have made a significant contribution to the college as a result of their campus employment and who have demonstrated financial need.

Lillian A. Fischer Endowed Scholarship To a minimum of two recipients who are incoming first-year students from the greater Hartford, Conn. area.

Linda Thomas Franklin, RSC ‘78, Scholarship in Nursing To a student enrolled full time in the Nursing program with preference given to minorities and then single parents.

Little Sister Endowed Scholarship To a rising junior with demonstrated need who has shown commitment to the growth of Russell Sage College and her fellow students.

Lula Ferris Radley Memorial Endowed Scholarship in Nursing To students pursuing a baccalaureate degree in Nursing, or, if no such student can be identified, a student pursuing a bachelor’s degree in another health sciences field. Award is based on merit without regard to financial need.

M. Grace Jorgensen Nursing Endowed Scholarship To a Nursing student who demonstrates academic and personal excellence, interest in women’s health, the promise of contributing to health related professions, and interest in working cooperatively.

Marion and LeRoy Brownell Endowed Scholarship To a rising senior majoring in Education who demonstrates both financial need and academic achievement.

Marion Hennessey, RSC ‘46, Memorial Scholarship To worthy student with financial need at Russell Sage with preference given to students majoring in mathematics, science or the arts.

Marion Norton Lamont, RSC ‘36, Scholarship To Russell Sage students.

Marion Rockwell Carlisle Mason Endowed Scholarship For unrestricted general scholarship.

Marjorie A. Mellor Nursing Scholarship To Nursing majors with financial need.

Marjorie Whitbeck Endowed Scholarship To a graduate or undergraduate student enrolled in the Business and Organizational Management major. Awarded on the basis of ability and promise, rather than need.

Mary Lou Jenkins, RSC ‘51, Memorial Scholarship To three worthy Russell Sage students with financial need in three equal scholarships.

Mary Theresa Scudder Endowed Scholarship Unrestricted scholarship based on need.

Meyer and Pauline Edith Daniels Educational Endowed Scholarship To students with financial need who have completed the first year with a B average or better.

Mildred Gordon Davis Endowed Scholarship To students from the Greater Hartford, Conn., area.

Mildred Resnick Endowed Scholarship To be awarded to mature, returning students.

Miller-Fowler Scholarship To worthy students enrolled in the Early Childhood Education major with financial need and a minimum - B’ average.

Nancy M. Hopfenspirger Endowed Scholarship Student in a major leading to a career in the professional areas of wellness and fitness. Preference will be given to a student studying Physical Education/Athletic Training.

Nancy Sothern Mueller Endowed Scholarship To students in the first three years of the Math/Engineering program with Rensselaer. Awarded on the basis of merit and renewable for up to three years, provided the recipient maintains a B+ GPA.

Nancy Wildes Dawson Endowed Scholarship To a sophomore enrolled in the Elementary Education program who has shown promise during her first year.

Opalka Family Scholarship To a student from Averill Park High School pursuing an Elementary Education degree.

Richard T. and Ada Pangburn Youngs Endowed Scholarship To undergraduate Nursing students with financial need.

Russell Sage College Alumnae Association Scholarship To entering full-time Russell Sage students with preference to Legacy Award students to assist with the financing of their college education.

Ruth Francis, RSC ‘92, Scholarship An annually funded scholarship to be awarded to a student in the Business and Organizational Management major.

Solon E. Summerfield Foundation Endowed Scholarship To a student who demonstrates financial need and a strong academic record, with first preference given to blind or visually impaired students.

Student Government Foreign Study Endowed Award To assist students with study abroad.

St. Peter’s Hospital Nursing Scholarship To a rising junior Nursing student who resides in Rensselaer County and who interviews for and agrees to accept a two year post-studies position at St. Peter’s Hospital.

Susan Ungerman Blackwell , RSC ‘65, Memorial Endowed Scholarship in Education Awarded to worthy and needy students enrolled in the Education program.

Verizon Minorities in Education Endowed Scholarship To financially disadvantaged students from historically underrepresented groups who are majoring in education.

Verizon Endowed Scholarship for Communications To students studying Communication Arts who are working adults, disabled, disadvantaged, or part of a special needs group.

Wanda Ratsek, RSC ‘58, Scholarship To worthy Chemistry major with financial need.

Wilhelm Endowed Scholarship To be awarded to students who have achieved the status of Kellas Scholar.

William James Delles Memorial Endowed Scholarship To rising junior or senior student(s) enrolled in one of the physical or biological sciences with proven financial need. Preference is given to a Chemistry major and/or a student from Schenectady County.

William Randolph Hearst Minority Endowed Scholarship To minority students with financial need from historically underrepresented/disadvantaged groups and who intend to live in the United States after completing their degree.