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Graduate Students

The Office of Financial Aid offers graduate and professional students enrolled in degree programs federal financial aid to assist them in financing their college education.

Types of aid available to Graduate & Professional Students

How to Apply for Financial Aid

Accepting or Declining a William D. Ford Federal Direct Unsubsidized loan for Graduate & Professional Students during fall 2016 and spring 2017

Graduate/Professional students requesting a summer loan for 2016-2017

Reducing your loan after disbursement

FAQs

 

Types of aid available to Graduate & Professional Students

Graduate and professional degree seeking students may be eligible to receive aid from the following federal student aid programs:

William D. Ford Federal Direct Stafford Unsubsidized Loans

  • Students may borrow up to $20,500 per school year, if eligible

William D. Ford Federal Stafford Graduate PLUS Loans

  • Eligible graduate and professional degree students who need to borrow more than their maximum unsubsidized loan amount to meet their education costs may apply for a PLUS loan.
  • A credit check will be performed during the application process.
  • Graduate PLUS loan cannot exceed student's cost of attendance.

Federal Work‐Study (FWS) Program

  • The Federal Work-Study Program provides part-time jobs for graduate students with financial need. This program allows students to earn money to help pay educational expenses.

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How to Apply for Financial Aid

Step1: File a FAFSA (Free Application for Federal Student Aid)

Filing your FAFSA as a Graduate Student determines eligibility for Federal loans, and Federal Work Study. Submit your FAFSA application online at www.fafsa.gov. Use the Hunter College Federal school code: 002689. After submission of your FAFSA, allow at least 5 business days for your application to be sent to Hunter College. You will receive an email with your SAR (Student Aid Report) from FAFSA within this time. Review your SAR and make any corrections if necessary.

Step 2: Review your CUNYfirst account

After 5 business days, review your CUNYfirst account at https://home.cunyfirst.cuny.edu. Navigate to Self Service followed by Student Center. Review your "To Do List" on the upper right corner of your Student Center. If there are any Financial Aid "To Do List" items, be sure to complete these requirements as soon as possible.

Step 3: Enroll for courses

You must be accepted as a degree-seeking student at Hunter College and enroll for at least 6 credits (graduate level) each semester to be considered for a Direct Unsubsidized loan.

Advanced certificate students are not eligible for federal loans.

Step 4: Review your cost of attendance (Financial Aid Budget)

Your cost of attendance or "Financial Aid Budget" is used to determine the maximum amount of financial aid and loans a student may receive during an academic year. It is important to review your cost of attendance in planning for you educational expenses. The Cost of Attendance items includes direct costs, such as, tuition and fees, the units you will be registered for the academic year and indirect costs, such as books, supplies, transportation, food, housing and personal expenses.

To review your cost of attendance logon to https://home.cunyfirst.cuny.edu. Navigate to Self Service followed by Student Center. Then click on "View Financial Aid" under Finances and "2017" followed by "Full-Yr Financial Aid Summary". The amount of your Estimated Financial Aid Budget is the maximum amount that you are permitted to request in any combination of (Unsubsidized, Perkins, Graduate PLUS and private loans).

NOTE: Students cost of attendance will be determined by the numbers of units/credits enrolled per semester.

SAMPLE:

Full- Year Financial Aid Summary

Federal Aid Year 2016-2017

The information below is a calculation of your estimated need:

Estimated Financial Aid Budget

47,844.00

Expected Family Contribution (EFC)

0.00-

Estimated Need

47,844.00

Total Aid

47,844.00

The Office of Financial Aid understands that students may incur expenses that are greater than the CUNY standard cost of attendance. If your additional costs are directly related to educational expenses, you may be eligible for a "budget increase".

To request a budget increase, consult with a Financial Aid Advisor.

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Accepting or Declining a William D. Ford Federal Direct Unsubsidized loan for Graduate & Professional Students during fall 2016 and spring 2017 

Graduate and Doctoral students will be awarded an unsubsidized loan automatically on CUNYfirst, students can accept or decline their Fall 2016 and Spring 2017 Direct Unsubsidized loan directly on CUNYfirst.

STEP 1: Login to CUNYfirst at https://home.cunyfirst.cuny.edu

STEP 2: Select HR/Campus Solutions from the left menu

STEP 3: Navigate to Self Service followed by Student Center

STEP 4: In the Finances section, click the Accept/Decline Awards

STEP 5: On the Select Aid Year to View page, you may see listings for multiple aid years and multiple colleges. Click the link for the college and aid year you wish to view.

1. Click the "Accept or Decline Awards" link located on the Finances section of your Student Center.
2. Click on the aid year you wish to view (click '2017' for the fall 2016 spring 2017 aid year).

You will be offered the maximum eligible amount for the fall 2016 and spring 2017.

Note: This is a Fall/Spring loan and the total dollar amount of the loan will be disbursed in two equal disbursements, half in the fall and half in the spring.

Check the appropriate box to either accept or decline your loan.

If you want a lesser amount than what has been offered you will have to complete and submit the loan reduction/cancellation form.

*Please note that you must meet all eligibility requirements to receive loan funds;

  • Valid FAFSA,
  • CUNYfirst "to do list" items on must be completed,
  • Complete Entrance Counseling and completed Master Promissory Note (if required)
  • Be a matriculated student,
  • Enrolled for at least six credits in your career/program plan.

Click here for a guide on how to view financial aid information on CUNYfirst

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Graduate/Professional students requesting a summer loan for 2016-2017

Graduate students will only be packaged for an unsubsidized loan for the academic year, fall 2016 and spring 2017. Students need to complete a paper application for the summer 2016. The application is available the Hunter College website (Summer Direct Loan Application) or available in the Office of Financial Aid. Students who request a summer loan will have a portion of their loan amount reduced from the $20,500 that was initially packaged on CUNYfirst. For example, if your loan was packaged for $20,500 for fall 2016 and spring 2017 your loan will be divided into three equal disbursements, which will include a disbursement for summer 2016, fall 2016 and spring 2017.

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Reducing your loan after disbursement

You must complete the Reduction/Cancelation form if you wish to reduce your loan. Your reduction request must be processed by the Office of Financial Aid if you received the loan funds either by direct deposit or a check before you can return the funds to the Bursar's Office. Processing time to reduce/cancel your loan request is 20 business days. Once the request is processed you can view it on your CUNYfirst account under Campus Finances. Reducing or canceling your loan may result in outstanding tuition liability.

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FAQs

What is graduate tuition?

Are there any grants available for graduate students?

What are the interest rates of graduate student loans?

What is the maximum I can borrow in one year/throughout my graduate study?

What are the Graduate PLUS Loan eligibility requirements?

What are my options if I have an adverse credit history?

Can I cancel a Graduate PLUS loan after I've applied?

Can the MPN that I signed for my Direct Unsubsidized Loans be used for Graduate PLUS loans?

Can I take out Graduate PLUS loans for myself under a PLUS MPN that I signed for Direct PLUS loans to pay for my child's education?

How much can I borrow in Graduate PLUS loans?

Do the PLUS loans for parents count toward the $138,000 Direct Unsubsidized loan Aggregate Loan Limit for graduate/professional studies?

Am I eligible for a Graduate PLUS loan if I have reached the $138,000 Durect Unsubsidized loan Aggregate Loan Limit for graduate/professional students?

If I have an adverse credit history but cannot find an endorser, can I receive additional Direct Unsubsidized loan funds?

When do I have to begin replaying a Graduate PLUS loan?

Can I postpone payments while I am in school?

How do I obtain an in-school deferment?

Do I need to apply for an in-school deferment each year?

How soon do I have to begin making payments after my in-school deferment ends?

Can I postpone payments on a Graduate PLUS loan during the grace periods on my Direct Unsubsidized loans?

Is interest charged during a deferment or forbearance?

What repayment plans are available?

Can I consolidate my Graduate PLUS loans with my other student loans? If so, when can I consolidate?

 

What is Graduate tuition?

Hunter College offers graduate programs in a number of areas. Click here for more information on programs.

Hunter College Tuition for Graduate Students - Master of Social Work and Doctor of Nursing Practice (Effective Fall 2016)

Type of Student

New York State Residents2

Out-of-State Residents

Full-time Students

$13,370 per year

$27,300 per year1

$910 per credit

Part-time Students

$560 per credit

$910 per credit

1 Tuition based on taking 15 credits per semester

Students who live in NY State but do not live in New York City may be eligible for the same tuition as a NYC resident. To pay NYC tuition, you must submit a Certificate of Residency Form to the Bursar's Office by a specified date. [Back to top]

 Hunter College Tuition for Graduate Students - All others (Effective Fall 2016)

Type of Student

New York State Residents2

Out-of-State Residents

Full-time Students

$10,130 per year

$23,400 per year1

$780 per credit

Part-time Students

$425 per credit

$780 per credit

1 Tuition based on taking 15 credits per semester

Students who live in NY State but do not live in New York City may be eligible for the same tuition as a NYC resident. To pay NYC tuition, you must submit a Certificate of Residency Form to the Bursar's Office by a specified date.

 Mandatory Graduate Fees - Fees are charged each semester a student is enrolled

Type of Student

Activity Fees

Technology Fee Consolidated Service Fee Total Fees

Full-Time Student

$13.45 $125 $15.00  $153.45
Part-Time Student $13.45 $62.50 $15 $90.95

 

Are there any grants available for graduate students?

Federal Pell grants and New York TAP grants are not available to graduate student. For scholarships please CLICK HERE.

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What are the interest rates of graduate student loans?

Currently the rates for federal student loans for graduate students are:

Loan

Interest Rate

Unsubsidized Stafford Loan

5.31%

Graduate PLUS Loan

6.31%.

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What is the maximum I can borrow in one year/throughout my graduate study?

Maximum Annual Loan Limits:

Loan Programs

Yearly Award Maximum

Maximum total award

Application Eligibility

Unsubsidized Federal Direct Loans

$20,500

138,500 combined Undergraduate and Graduate*

FAFSA: General eligibility

Federal Perkins Loans

$8,000**

$60,000

FAFSA: Financial Need***

Graduate PLUS

The maximum PLUS loan amount you can borrow is the cost of attendance (determined by the school) minus any other financial assistance received.


FAFSA: General eligibility and credit check

* Total aggregate borrowing for Undergraduate and Graduate study is $138,500
**Typically CUNY grants $3,000-$4,000.
***Financial need = the Cost of Attendance - Financial Aid - EFC

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What are the eligibility requirements for a Graduate PLUS Loan?

You must be enrolled at least half-time in a graduate or professional program, and must meet all of the other general eligibility requirements for the Federal Student Aid programs. In addition, you must not have an adverse credit history (a credit-check will be done). [Back to top]

 

What are my options if I have an adverse credit history?

You may still receive a Graduate PLUS Loan if you obtain an endorser who does not have an adverse credit history. An endorser is someone who agrees to repay the loan if you do not repay it. [Back to top]

 

Can I cancel a Graduate PLUS loan after I've applied?

Before your loan money is disbursed (paid out), you may cancel all or part of the loan by notifying us in the Office of Financial Aid. After your loan money is disbursed, you may cancel all or part of your loan within certain timeframes. For details, refer to the Borrower's Rights and Responsibilities Statement that accompanies your PLUS MPN. [Back to top]

 

Can the MPN that I signed for my Direct Unsubsidized Loans be used for Graduate PLUS loans?

No. You must sign a PLUS MPN. [Back to top]

Can I take out Graduate PLUS loans for myself under a PLUS MPN that I signed for Direct PLUS loans to pay for my child's education?

No. You must sign a separate PLUS MPN to borrow for yourself. [Back to top]

 

How much can I borrow in Graduate PLUS loans?

There are no set annual or aggregate limits. You may borrow up to your full cost of attendance, minus any other financial aid you receive (including Direct Loans, scholarships, and certain fellowships). [Back to top]

 

Do the PLUS loans for parents count toward the $138,000 Direct Unsubsidized loan Aggregate Loan Limit for graduate/professional studies?

No. Only Direct Unsubsidized Loans count toward the $138,500 aggregate receive (including Direct Loans, scholarships, and certain fellowships). [Back to top]

 

Am I eligible for a Graduate PLUS loan if I have reached the $138,000 Durect Unsubsidized loan Aggregate Loan Limit for graduate/professional students?

Yes. However, if you have exceeded the $138,500 aggregate, you must either repay the excess loan amount or make satisfactory arrangements to repay it before you can receive any additional Federal Student Aid, including Graduate PLUS Loans. [Back to top]

 

If I have an adverse credit history but cannot find an endorser, can I receive additional Direct Unsubsidized loan funds?

No. If you are not eligible for a Graduate PLUS Loan, the regular Direct Unsubsidized Loan annual loan limit for graduate and professional students applies. You may not borrow more than $20,500 for an academic year. [Back to top]

 

When do I have to begin replaying a Graduate PLUS loan?

Your first payment will be due within 60 days after the loan is fully disbursed. This will generally be while you are still in school. There is no grace period. [Back to top]

 

Can I postpone payments on a Graduate PLUS Loan while I am in school?

Yes. While you are enrolled in school on at least a half-time basis, you are eligible for an in-school deferment that allows you to postpone payments on your Direct PLUS Loan until you graduate or drop below half-time status. [Back to top]

 

How do I obtain an in-school deferment?

You must submit an In-School Deferment Request form to the Direct Loan Servicing Center. (You must apply separately for an in-school deferment on your Direct PLUS Loans, even if you have automatically received an in-school deferment on your Unsubsidized Loans. You may obtain an In-School Deferment Request form from your loan servicer. Hunter must certify your enrollment status on the deferment request form.  The form can be certified at the registrar's office. [Back to top]

 

Do I need to apply for an in-school deferment each year?

Generally, Hunter will certify your deferment request, and will report your expected graduation date on the form. The in-school deferment on your Direct PLUS Loan will then remain in effect until you graduate or drop below half-time enrollment status, and you will not have to reapply each year. [Back to top]

 

How soon do I have to begin making payments after my in-school deferment ends?

Your first payment will be due within 45 days after the deferment end date. The Direct Loan Servicing Center will notify you 60 days before your deferment ends. [Back to top]

 

Can I postpone payments on a Direct PLUS loan during the grace period on my Direct Unsubsidized loans?

If you are unable to make payments on your Direct PLUS Loan after you leave school and your in-school deferment ends, you may request a forbearance that will allow you to temporarily postpone payments. You will have to explain why you are unable to make payments. To request forbearance, contact the Direct Loan Servicing Center. [Back to top]

 

Is interest charged during a deferment or forbearance?

Yes. Interest is charged on a Direct PLUS Loan beginning on the date of the first loan disbursement, and it continues to be charged during periods of deferment or forbearance. You may either pay the interest as it accrues (the Direct Loan Servicing Center will send you a quarterly interest statement), or you may allow the interest to be capitalized (added to your loan principal balance) at the end of the deferment or forbearance. Capitalization increases the total loan amount that you must repay. [Back to top]

 

What repayment plans are available?

You will be able to choose from a variety of repayment plans that are designed to meet your individual needs. Your loan servicer will provide you with information on available repayment plans. [Back to top]

 

Can I consolidate my Graduate PLUS loans with my other student loans? If so, when can I consolidate?

You may consolidate your Direct PLUS Loans with your other eligible student loans into a single consolidation loan after you leave school. Note that the repayment period for a consolidation loan begins as soon as the loan is made, there is no grace period. Therefore, if you want to consolidate your Direct PLUS Loans with your other student loans that have a grace period, you should wait to do so until shortly before the end of the grace period on the other loans. [Back to top]

 

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