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St. Bonaventure University has decided to opt out of New York’s Enhanced Tuition Awards program for the 2017-18 academic year.
“We applaud the efforts of state legislators to make New York colleges, both public and private, more affordable,” said Dr. Dennis DePerro, St. Bonaventure president. “But the strings attached to ETA, coupled with the new aid program being rolled out so late in the recruiting cycle, have led us to opt out of the ETA program this year.”
DePerro said the institutional match for ETA is required to be new money and giving additional aid this late in the process would be a financial challenge.
“Affordability is a top priority for St. Bonaventure and we continue to provide very generous institutional scholarships and need-based grants to our students. In fact, this fall we will award more than $28 million dollars,” DePerro said. “But adding more aid to that total after our budget has already been approved would be detrimental to the university in the short term.”
DePerro said the late announcement of ETA — just three weeks before the unofficial May 1 College Decision Day deadline — and the timing of the award selection in mid-August is problematic with planning for both the school and the student. The limited state allocation for the program might also result in many students who qualify not receiving the aid.
St. Bonaventure would consider participating next year if the “tuition freeze” provision is eliminated and if state funding is increased so that ETA would be comparable to the investment in SUNY’s Excelsior program, DePerro said.
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