For most departmental scholarships and other area-related financial aid, you should request a list of available programs from your intended department. Since not all applicants can be supported by available funds, some students find that they must apply for additional funds beyond what is offered by their academic departments. Once a student is accepted into a CUNY graduate program, the financial aid application will be reviewed and, if the student exhibits a need for funding, a financial aid offer will be made. This money may be used to help pay for educational expenses. This is a federal low-interest loan that students must begin paying back nine months after graduating or leaving college.
Students have up to ten years to repay their loans.
Eligible students must show financial need and be either citizens or permanent residents of the United States. The loans must be paid back beginning six months after graduation or dropping below half-time attendance. This interest may be paid or added to the loan. This program allows independent students to borrow additional money at a variable interest rate not to exceed 8.25 percent. Registration will not be permitted if a student does not comply with this regulation.