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Tuition Assistance/Scholarships

Grants & Scholarships

There are many options for funding a college education. Below are two programs we want to make you aware of should they be able to supplement other sources of financing you have secured.

In addition, you can use Sallie Mae's scholarship search tool to search over 3.5 million scholarship opportunities totaling more than $18 billion.

New York State Tuition Assistance Program (TAP)

The New York State Tuition Assistance Program (TAP) helps eligible New York residents attending in-state post-secondary institutions pay for tuition. Depending on the academic year in which the student begins study, an annual TAP award can be as high as $5,000. TAP is a grant, and does not have to be paid back.

Applying for TAP

For New York State residents who include a New York school in “step six” of the FAFSA, the NYS Higher Education Services Corporation (HESC) will automatically send the applicant an Express New York State Tuition Assistance Program (TAP) Application (ETA). Deadline for filing the TAP Application is May 1st of the academic year for which aid is sought. For more information, visit the HESC website.

If the FAFSA applicant will also be applying for TAP, remember to submit the FAFSA early enough to be able to receive and submit the TAP application before the May 1st deadline.

New York Credit Union Association Scholarship Program

HVFCU members graduating high school have a chance to win a $1,000 or $500 college scholarship through the New York Credit Union Association’s annual scholarship program. Scholarships are awarded to the top finalists from the New York Credit Union Association’s participating credit unions. Winners are chosen based on academic achievements, extracurricular and community activities, essay, etc.

Applying for the New York Credit Union Association Scholarship

For high school students graduating in 2019, applications need to be submitted and returned to the credit union by January 4, 2019 to be considered.

To be eligible for this scholarship, an applicant must:

  • Be an HVFCU member in good standing — Join Now!
  • At the time of application, be a college-bound high school senior to either a two-year or four-year accredited educational institution.
  • Attend college for the first time in the fall of 2019.
  • Use the scholarship funds at an accredited educational institution by January 31, 2020.

Follow these steps to apply for the New York Credit Union Association’s College Scholarship Program:

  • Step 1: Download and complete the scholarship application. Make sure you include your written essay, as indicated in the application. Please type or print clearly on the form, and use only the space provided on the form to answer the questions. Other than where specified on the application form, no attachments, resumes, pictures or other materials of any kind should be submitted or used to answer the questions.
  • Step 2: Sign the Certification and Release Authorization. This must be signed by the applicant and parent / guardian.
  • Step 3: Mail your signed application together with your:
    • Official high school transcript documenting your GPA for grade 9 through 11
    • Official SAT/PSAT/ACT transcript (obtained through your high school guidance office)
    • Typed essay response of 300-500 words
  • Mail all of the requested information (together), to:
    Marketing Department
    Attn: Financial Education
    Hudson Valley Federal Credit Union
    PO Box 1071
    Poughkeepsie, NY 12602-1071
  • For high school students graduating in 2019, applications need to be submitted and returned to the credit union by January 14, 2019 to be considered.

The New York Credit Union Association announces scholarship winners in May. HVFCU will send a notification to all of our applicants once winners have been chosen and notified.

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