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Tuition Assistance Program (TAP)
TAP helps eligible New York residents attending in-state post secondary institutions on a full time basis pay for
tuition. TAP awards for graduate students at Hunter College range from $75 to $550. Because TAP is a grant, it does not have to be paid back.
How to apply: Complete the Free Application for Federal Student Aid (FAFSA) and the CUNY TAP/APTS Application, which
will be mailed to you by CUNY after an electronic record of your FAFSA information is received by CUNY from the federal application processor.
William D. Ford Federal Direct Loan Program
(Subsidized and Unsubsidized)
The William D. Ford Federal Direct Loan (Direct Loan) Program makes funds available to undergraduate and graduate students directly from the
U.S. government. Direct Loans are either subsidized or unsubsidized. A subsidized loan is awarded on the basis of financial need. Students will not
be charged any interest before beginning repayment or during authorized periods of deferment. The federal government "subsidizes" the interest
during these periods. An unsubsidized loan is not awarded on the basis of need. Students are charged interest from the time the loan is disbursed
until it is paid in full. Students may allow the interest to accumulate and to be capitalized-that is, the interest will be added to the principal amount of
the loan and additional interest will be based upon the higher amount. Generally, a graduate student may borrow the total cost of attendance up to
$18,500 each academic year, or whichever is lower. (Not more than $8,500 of this amount may be in subsidized Direct Loans.) A student may
receive less than the yearly maximum amounts if the student receives other financial aid that is used to cover a portion of the cost of attendance. The
total debt a student can have outstanding from all Direct and Stafford Loans combined is $138,500 as a graduate or professional student (only
$65,500 of this amount may be in subsidized loans). The graduate debt limit includes any Direct or Stafford Loans received for undergraduate study.
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How to apply: Complete a the Free Application for Federal Student Aid (FAFSA)
and the a Hunter College Request for a Direct Student Loan. The Request
for a Direct Student Loan may be found at the "Printable
Forms" part of the Office of Financial Aid website at: www.hunter.cuny.edu/finaid, or you
may pick up the request at the OASIS in Room N217 |
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Federal Perkins Loan
A Federal Perkins Loan is a low-interest (5 percent) loan for both undergraduate and graduate students with exceptional financial need. Hunter College is the lender. The loan is made with government funds with a share contributed by Hunter College. Federal Perkins Loan awards for
graduate students at CUNY range from $800 to $4000. Students must repay this loan to Hunter College.
How to apply: Complete the Free Application for Federal Student Aid (FAFSA) and indicate on the FAFSA that you are interested in borrowing a student loan.
Federal Work-Study
The Federal Work-Study Program provides jobs for undergraduate and graduate students with financial need, allowing them to earn money to
help pay education expenses. The program encourages community service work and work related to the student’s course of study. Federal
Work-Study wages will be at least the current federal minimum wage, but it may be higher, depending on the type of work and the skills required.
The total Federal Work-Study award depends on the student’s level of need, and the amount of funds available at CUNY. Federal Work-Study
awards for graduate students at CUNY range from $1,000 to $2,000.
How to apply: Complete the Free Application for Federal Student Aid (FAFSA) and indicate on the FAFSA that you are interested in a work-study job.
ELIGIBILITY REQUIREMENTS
Unless otherwise stated above, the general eligibility requirements for the financial aid programs described above are:
Based on student's cost
of attendance and financial need, except for the
Usubsidized Direct Loan program.
Enrollment at least half time (6 credits) working toward a degree.
U.S. citizenship or eligible noncitizenship satisfactory academic progress.
No default on a federal student loan.
No money owed on a federal student grant.
Registered with Selective Service, if required.
INFORMATION ON FILING THE FAFSA
Every student who wants to apply for federal or state financial aid at CUNY must file a
Free Application for Federal Student Aid (FAFSA). The FAFSA is available at the OASIS in Room N217 at Hunter College. The FAFSA may also be completed on the World Wide Web. See the FAFSA on the Web site at
www.fafsa.ed.gov. Once the FAFSA is processed, students will receive a Student Aid Report (SAR) in the mail or through email. If Hunter College was one of
the colleges reported by the student on the FAFSA to receive the FAFSA information, the Office of Financial Aid at Hunter College also receives an electronic
record of the application. Some students who file a FAFSA will have their application selected by the U.S. Department of Education for a process called
verification. These students must provide copies of their (and their spouse’s) federal income tax returns and additional household information to the Office of
Financial Aid.
Some students who file a FAFSA may also have their applications selected for review by CUNY if the application information seems incorrect or inconsistent.
These students must review their application information with the Office of Financial Aid and provide explanations and/or make appropriate corrections to the
application information. Until this process is complete, no aid can be awarded to the student.
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