This booklet provides updated information (as of August 1987) on state and federal financial assistance programs available to postsecondary students in the state of New York. Program descriptions are divided into two sections: state-administered programs and federal programs. Each program description provides information on application procedures, selection of recipients and allocation of awards, award schedules, (including amounts by type of institution and category of student), and responsibilities of recipients. An amendment to the regulations of the Commissioner of Education is appended. (KM)