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Graduate Financial Aid

Office of Financial Aid

Graduate Financial Aid


PROGRAM


BASIC INFORMATION


HOW TO APPLY

Federal Work-Study

This is a need-based program providing part-time jobs on and off campus. You are paid for the hours worked up to a maximum set by the college.

File a FAFSA (Free Application for Federal Student Aid) at www.fafsa.gov. 

Submit all required documents to the Financial Aid Office.

The Federal Teacher Education Assistance for College and Higher Education (TEACH Grant) Program.

(A total of $8,000 is allowed for Graduate Study)

This is a federal program that provides grants of up to $4,000 per year to graduate students. Recipients must agree to fulfill a service obligation as a full-time teacher in a high-need field, at a public or private elementary or secondary school that serves low-income families.

File a FAFSA.

Complete and submit a TEACH Grant Application and Entrance Counseling to the School of Education, NAC 3/223A.

Federal William D. Ford Direct Loan—Unsubsidized

(Up to $20,500 per year)

These are low interest loans.  First-time City College Direct loan borrowers must complete a loan counseling session. Repayment begins six (6) months after a student is no longer enrolled for at least half-time (6 credits).

File a FAFSA.

Submit required documents to the Financial Aid Office. Complete a Direct Loan application. (Entrance counseling may be required.)

Federal William D. Ford Direct Grad PLUS loan

A graduate student may apply for this loan after the maximum Unsubsidized loans have been received. There must be remaining unmet educational expenses (based on the CUNY “Cost of Attendance”) to qualify.

File a FAFSA.

Submit required documents to the Financial Aid Office. Complete a Direct Grad PLUS Loan application.

Veteran’s Benefits

Qualifications are determined by the U.S.
Department of Veteran’s Affairs

Go to Wingate Hall, room 107 or call
212-650-5374. Go to www.ccny.cuny.edu and click on “Veteran’s Affairs.”

Aid to Native American Indians

This is a grant for students who are at least ¼ American Indian, Eskimo, or Aleut, and/or certified as a member in a tribe served by the BIA.

To apply, contact the U.S. Bureau of Indian Affairs Office of Education:
www.bie.edu/ParentsStudents/Grants/ or call 1(202) 208-6123.

 

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How to Apply
Description: 
  1. First time Federal Direct Loan applicants must complete online Entrance Counseling and an electronic MPN (eMPN) for your Federal Direct Loan(s) at: www.studentloans.gov.

  2. Check your CUNY e-mail and your CUNYfirst “To Do List” to make sure you do not have any further items you need to submit or complete.

  3. Once FAFSA is completed, all matriculated Graduate students will automatically be “Packaged” with a federal Direct Unsubsidized student loan each academic year. Graduate students will be required to “Accept” their loan via the “Accept/Decline”. Prior to accepting the loan, a graduate student will have the option to decrease the amount of unsubsidized loan that has been offered.

CUNYfirst navigation: Self Service  ->  Student Center  ->  Finances  ->  Accept/Decline Awards
 

Note: Prior to accepting the loan, a graduate student will have the option to decrease the amount of unsubsidized loan that has been offered.

  1. It is advised to request a loan for all of the semesters in an academic year, that you will be enrolled for. (One academic year consists of the Summer, Fall and Spring semesters). If you ask for a one semester loan, you will need to complete an “Additional Loan Request” form, to receive a loan for another semester.

 

GRADUATE LOANS

TOTAL AMOUNT

INTEREST RATES
Loans disbursed on or after 7/1/17 and before 6/30/18

Graduate
Unsubsidized

Aggregate Loan Limit: $20,500

6.00%

Grad PLUS:

The annual loan limit is determined by the student’s CUNY “Cost of Attendance.” There is no aggregate limit.

7.00%

 

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Loan Disbursement
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When the MPN has been accepted by the federal processor, and eligibility has been confirmed, a loan payment will be generated for the next scheduled disbursement (payment) date. Loan refunds are disbursed once a week, on Fridays. When a disbursement is scheduled, the Bursar will automatically deduct unpaid tuition and fees.  Student loan funds can be: 1.) Mailed as a check 2.) Direct deposited to a bank account.
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Loan Repayment
Description: 

Resourses
Loan Repayment Estimartor
Repayment Checklist

Student loan repayment begins six (6) months after:

  1. A student graduates.
  2. A student is no longer enrolled.
  3. A student has been enrolled for less than half-time.

Feel free to view the information regarding:

Please visit Federal Direct Loans for more details.

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Loan Forgiveness Program
Description: 

In certain situations, students can have their federal student loan forgiven, canceled, or discharged. To view criteria, please visit: www.studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation

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Contact Information
Description: 

Wille Administration Building
Room 104
160 Convent Avenue
New York, NY 10031
p: 212.650.6656
f: 212.650.5829
efinancialaid@ccny.cuny.edu

School Code
FAFSA: 002688
TAP : 1411

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