﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2009v1.7">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-09-21T10:05:29-05:00</Timestamp>
    <TaxPeriodEndDate>2010-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>ARCARA &amp; BORCZYNSKI</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>424 MAIN ST RM 1806</AddressLine1>
        <City>BUFFALO</City>
        <State>NY</State>
        <ZIPCode>14202</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2009-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>132836102</EIN>
      <Name>
        <BusinessNameLine1>NEW YORK STATE FINANCIAL AID</BusinessNameLine1>
        <BusinessNameLine2>ADMINISTRATORS ASSOCIATION INC</BusinessNameLine2>
      </Name>
      <NameControl>NEWY</NameControl>
      <Phone>5186088200</Phone>
      <USAddress>
        <AddressLine1>424 MAIN STREET-1806 LIBERTY BUILDI</AddressLine1>
        <City>BUFFALO</City>
        <State>NY</State>
        <ZIPCode>14202</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>CURTIS C GUAME</Name>
      <Title>PRESIDENT</Title>
      <Phone>5186088200</Phone>
      <DateSigned>2012-09-18</DateSigned>
    </Officer>
    <Preparer>
      <Name>DIANE FRONCKOWIAK</Name>
      <Phone>7168526681</Phone>
      <DatePrepared>2012-09-18</DatePrepared>
    </Preparer>
    <TaxYear>2009</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="4">
    <IRS990EZ documentId="RetDoc8">
      <AmendedReturn>X</AmendedReturn>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <WebSite>WWW.NYSFAAA.ORG</WebSite>
      <Organization501c typeOf501cOrganization="3" referenceDocumentId="RetDoc7">X</Organization501c>
      <GrossReceipts>363810</GrossReceipts>
      <ContributionsGiftsGrantsEtc>60407</ContributionsGiftsGrantsEtc>
      <ProgramServiceRevenue>169560</ProgramServiceRevenue>
      <MembershipDues>70484</MembershipDues>
      <InvestmentIncome>48111</InvestmentIncome>
      <OtherRevenueTotal referenceDocumentId="RetDoc6">15248</OtherRevenueTotal>
      <TotalRevenue>363810</TotalRevenue>
      <GrantsAndSimilarAmountsPaid>7500</GrantsAndSimilarAmountsPaid>
      <FeesAndOthPymtToIndContractors>18767</FeesAndOthPymtToIndContractors>
      <OtherExpensesTotal referenceDocumentId="RetDoc4">182203</OtherExpensesTotal>
      <TotalExpenses>208470</TotalExpenses>
      <ExcessOrDeficitForYear>155340</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>312732</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>468072</NetAssetsOrFundBalancesEOY>
      <CashSavingsAndInvestments>
        <BOY>94508</BOY>
        <EOY>172881</EOY>
      </CashSavingsAndInvestments>
      <OtherAssetsTotal referenceDocumentId="RetDoc3">
        <BOY>291071</BOY>
        <EOY>332288</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>385579</BOY>
        <EOY>505169</EOY>
      </TotalAssets>
      <SumOfTotalLiabilities referenceDocumentId="RetDoc5">
        <BOY>72847</BOY>
        <EOY>37097</EOY>
      </SumOfTotalLiabilities>
      <NetAssetsOrFundBalances>
        <BOY>312732</BOY>
        <EOY>468072</EOY>
      </NetAssetsOrFundBalances>
      <PrimaryExemptPurpose>TO DEVELOP AND FACILITATE THE DEVELOPMENT OF A SKILLFUL, COMPETENT AND INVOLVED FINANCIAL AID PROFESSIONAL MEMBERSHIP.</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>ATTENDED CONFERENCES AND TRAINING SESSIONS TO LEARN HOW TO INSTRUCT FINANCIAL AID ADMINISTRATORS FROM ACROSS NEW YORK STATE ON VARIOUS AREAS INCLUDING FINANCIAL AID GUIDELINES.</DescriptionProgramServiceAccom>
        <ProgramServiceExpenses>125041</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>COLLEGE GOAL SUNDAY - PROVIDED AN OPPORTUNITY FOR STUDENTS, PARENTS, AND GUARDIANS TO OBTAIN FREE AND PROFESSIONAL ASSISTANCE IN COMPLETING FINANCIAL AID APPLICATION FORMS.</DescriptionProgramServiceAccom>
        <ProgramServiceExpenses>16543</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>SCHOLARSHIP PROGRAM - AWARDED SCHOLARSHIPS TO STUDENTS</DescriptionProgramServiceAccom>
        <GrantsAndAllocations>7500</GrantsAndAllocations>
        <ProgramServiceExpenses>7500</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>OTHER ACHIEVEMENTS ACCOMPLISHED WERE PROVIDING COLLEGE INFORMATION TO POTENTIAL STUDENTS AND PROVIDED TRAINING AND OTHER PROGRAMS AT THE REGIONAL LEVEL. NYSFAAA ALSO PARTICIPATED IN THE GEAR UP PROGRAM.</DescriptionProgramServiceAccom>
        <ProgramServiceExpenses>12391</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>161475</TotalProgramServiceExpenses>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">CURTIS C GUAME</PersonName>
        <AddressUS>
          <AddressLine1>2001 MAIN STREET</AddressLine1>
          <City>BUFFALO</City>
          <State>NY</State>
          <ZIPCode>14208</ZIPCode>
        </AddressUS>
        <Title>PRESIDENT</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">HEATHER C MCDONNELL</PersonName>
        <AddressUS>
          <AddressLine1>1 MEADWAY</AddressLine1>
          <City>BRONXVILLE</City>
          <State>NY</State>
          <ZIPCode>10708</ZIPCode>
        </AddressUS>
        <Title>PAST PRESIDE</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">CLAIR JACOBI</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 8000</AddressLine1>
          <City>OLD WESTBURY</City>
          <State>NY</State>
          <ZIPCode>11568</ZIPCode>
        </AddressUS>
        <Title>1ST VICE PRE</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">HOWARD LESLIE</PersonName>
        <AddressUS>
          <AddressLine1>3 E 43RD STREET</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10017</ZIPCode>
        </AddressUS>
        <Title>2ND VICE PRE</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">GINA M SOLIZ</PersonName>
        <AddressUS>
          <AddressLine1>COLLEGE OF LAW SUITE 340</AddressLine1>
          <City>SYRACUSE</City>
          <State>NY</State>
          <ZIPCode>13244</ZIPCode>
        </AddressUS>
        <Title>SECRETARY</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">WAYNE R HAREWOOD III</PersonName>
        <AddressUS>
          <AddressLine1>2001 ORIENTAL BLVD</AddressLine1>
          <City>BROOKLYN</City>
          <State>NY</State>
          <ZIPCode>11235</ZIPCode>
        </AddressUS>
        <Title>TREASURER</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">RICK D COLE</PersonName>
        <AddressUS>
          <AddressLine1>1 COLLEGE CIRCLE</AddressLine1>
          <City>GENESEO</City>
          <State>NY</State>
          <ZIPCode>14454</ZIPCode>
        </AddressUS>
        <Title>EXECUTIVE CO</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">JACKIE M DARQUEA</PersonName>
        <AddressUS>
          <AddressLine1>197 FRANKLIN STREET</AddressLine1>
          <City>AUBURN</City>
          <State>NY</State>
          <ZIPCode>13021</ZIPCode>
        </AddressUS>
        <Title>EXECUTIVE CO</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">LINDA A CHILSON</PersonName>
        <AddressUS>
          <AddressLine1>1300 ELMWOOD AVENUE</AddressLine1>
          <AddressLine2>MOOT HALL ROOM 230</AddressLine2>
          <City>BUFFALO</City>
          <State>NY</State>
          <ZIPCode>14222</ZIPCode>
        </AddressUS>
        <Title>EXECUTIVE CO</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">DANIEL ROBINSON</PersonName>
        <AddressUS>
          <AddressLine1>861 BEDFORD ROAD</AddressLine1>
          <City>PLEASANTVILLE</City>
          <State>NY</State>
          <ZIPCode>10570</ZIPCode>
        </AddressUS>
        <Title>EXECUTIVE CO</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">MARIA DELNNOCENTITIS</PersonName>
        <AddressUS>
          <AddressLine1>221 E 71ST STREET</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10021</ZIPCode>
        </AddressUS>
        <Title>EXECUTIVE CO</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">EARL TRETHEWAY</PersonName>
        <AddressUS>
          <AddressLine1>4400 ROUTE 23</AddressLine1>
          <City>HUDSON</City>
          <State>NY</State>
          <ZIPCode>12534</ZIPCode>
        </AddressUS>
        <Title>EXECUTIVE CO</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">NANCY BREWER</PersonName>
        <AddressUS>
          <AddressLine1>CROOKED HILL ROAD</AddressLine1>
          <City>BRENTWOOD</City>
          <State>NY</State>
          <ZIPCode>11717</ZIPCode>
        </AddressUS>
        <Title>EXECUTIVE CO</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">KERRY L LUBOLD</PersonName>
        <AddressUS>
          <AddressLine1>101 BRAOD STREET</AddressLine1>
          <City>PLATTSBURGH</City>
          <State>NY</State>
          <ZIPCode>12901</ZIPCode>
        </AddressUS>
        <Title>EXECUTIVE CO</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>false</OrganizationHadUBI>
      <OrganizationDissolvedEtc>false</OrganizationDissolvedEtc>
      <DidOrgFileForm1120POLThisYear>false</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <StatesWhereCopyOfReturnIsFiled>NY</StatesWhereCopyOfReturnIsFiled>
      <TheBooksAreInCareOf>
        <NamePerson>WAYNE R HAREWOOD</NamePerson>
        <AddressUS>
          <AddressLine1>2001 ORIENTAL BLVD</AddressLine1>
          <City>BROOKLYN</City>
          <State>NY</State>
          <ZIPCode>11235</ZIPCode>
        </AddressUS>
        <TelephoneNumber>7183685680</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>false</EngageInLobbyingActivities>
      <OperatingSchool>false</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>false</TrnsfrsExemptNonCharRelatedOrg>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
    </IRS990EZ>
    <IRS990ScheduleA documentId="RetDoc7">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>96928</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>150992</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>152083</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>159544</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>130891</CurrentTaxYear>
        <Total>690438</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus4Years>530739</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>468037</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>255870</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>204104</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>169560</CurrentTaxYear>
        <Total>1628310</Total>
      </GrossReceiptsFromAdmissions>
      <Total509>
        <CurrentTaxYearMinus4Years>627667</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>619029</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>407953</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>363648</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>300451</CurrentTaxYear>
        <Total>2318748</Total>
      </Total509>
      <PublicSupportTotal509>2318748</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>14686</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>16613</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>11203</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>9500</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>8241</CurrentTaxYear>
        <Total>60243</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>14686</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>16613</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>11203</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>9500</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>8241</CurrentTaxYear>
        <Total>60243</Total>
      </InvestmentIncomeAndUBTI>
      <OtherIncome509>
        <CurrentTaxYearMinus1Year>458</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>15248</CurrentTaxYear>
        <Total>15706</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>642353</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>635642</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>419156</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>373606</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>323940</CurrentTaxYear>
        <Total>2394697</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.96830</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.97590</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.03000</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.02000</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <CompensationExplanation documentId="RetDoc2">
      <Compensation>
        <PersonName>CURTIS C GUAME</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>HEATHER C MCDONNELL</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>CLAIR JACOBI</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>HOWARD LESLIE</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>GINA M SOLIZ</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>WAYNE R HAREWOOD III</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>RICK D COLE</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>JACKIE M DARQUEA</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>LINDA A CHILSON</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>DANIEL ROBINSON</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>MARIA DELNNOCENTITIS</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>EARL TRETHEWAY</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>NANCY BREWER</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>KERRY L LUBOLD</PersonName>
      </Compensation>
    </CompensationExplanation>
  </ReturnData>
</Return>