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T HEC I T YTHEFinancialAidU N IV E R S IT YCIT YUN IVE RSIT YO FOFNE WNEWYORKYORKPaying for CollegeBorough of Manhattan Community CollegeQueens CollegeBaruch Collegewww.cuny.edu/financialaidJohn Jay Collegewww.cuny.edu/financialaid
Baruch CollegeWhen you look at the quality and cost of a CUNY education, yousee right away that it is a tremendous value. But still, the costof a college education is a significant investment and one to becarefully considered.If you think you will need assistance to pay for educationalexpenses, we recommend that you apply for financial aid. Whileyou and your family have the primary responsibility of payingfor your education, funding is available from the federal, stateand city government and from CUNY to help you pay collegeexpenses. These expenses include tuition and fees, room andboard, books and supplies, and transportation.
An Affordable High-QualityCollege EducationUndergraduate ew York State ResidentsOut-of-State Residents 6,030 per year (full-time) 260 per credit (part-time) 4,500 per year (full-time) 195 per credit (part-time) 16,050 per year (full-time)* 535 per credit (part-time) 9,000 per year (full-time)* 300 per credit (part-time)Fees at the various CUNY colleges range from 300 to 480 per year.*Full-time tuition based on taking 15 credits per semester as of Fall 2014.Lehman CollegeTypes of Financial AssistanceFinancial Aid ApplicationsGrants – Money that does not have to berepaid and is usually based on financial need.To determine whether you are eligible forfinancial aid, you must complete the followingapplications each year:Scholarships – Money that does not have tobe repaid and usually is awarded on the basisof academic merit.Loans – Money that is borrowed for collegeand must be repaid with interest.Work-Study – Money earned from a jobprovided by the Financial Aid Office atthe college.FAFSA (Free Application for Federal StudentAid) Visit www.fafsa.gov to apply for federalfinancial aid.TAP (Tuition Assistance Program)Visit www.hesc.ny.gov to apply for thisfinancial aid program for New York Stateresidents.THE CITY UNIVERSITY OF NEW YORK 1
Seven Steps to Appl1Prepare to Apply2Get a Federal Student Aid PIN - www.pin.ed.gov3Complete the FAFSA - www.fafsa.govCollect your parent’s(s’) and, if applicable, your income tax returns, SocialSecurity numbers, W-2 form(s) and any other records of income and assets.Tax information can be estimated and corrected later if a tax return hasnot yet been completed. Get free information and assistance from a schoolcounselor, the Financial Aid Office at the college you plan to attend, or the U.S.Department of Education at www.studentaid.gov or call 1-800-4-FED-AID(1-800-433-3243).Your PIN allows you to sign your FAFSA online and view and/or make correctionslater. You and at least one of your parents will each need a PIN. Save your PINas you will need it to reapply and access your Student Aid Report (SAR)each year.Applying for federal student aid is free. You can apply before you have beenadmitted to CUNY, starting January 1 of your senior year of high school (or forthe following academic year you plan to attend). To apply visit www.fafsa.gov.For free help with completing your FAFSA or to obtain a paper FAFSA call theFederal Student Aid Information Center at 1-800-4-FED-AID (433-3243).IRS Data Retrieval ToolThe IRS Data Retrieval Tool allows you and your parents to access the IRStax return information needed to complete the Free Application for FederalStudent Aid (FAFSA). Students and parents may transfer the data directlyinto their FAFSA. It’s available 1-2 weeks after you file your income tax returnelectronically. If you are eligible to use the IRS Data Retrieval Tool, it is highlyrecommended that you use the tool for several reasons: It is the easiest way to provide your tax data. It is the best way of ensuring that your FAFSA has accuratetax information. You will not need to provide a copy of tax transcripts or returns toyour college.2 WWW.CUNY.EDU/FINANCIALAID
ly for Financial Aid4Link to Tuition Assistant Program (TAP) on the Web fromyour FAFSA Application (For New York State Residents)After you complete the FAFSA you will be taken to a confirmation page; clickon the state application link to apply for New York State-based financial aid.If you miss the link to the TAP application, you will receive an email fromthe NYS Higher Education Services Corporation (HESC), after your FAFSA isprocessed, with information on how to apply for TAP.5Receive a Student Aid Report (SAR)6Verify Your Data7Receive Your Financial Aid Award NotificationA few days after you complete the FAFSA you will receive an email with a linkto your Student Aid Report (SAR). The SAR contains a summary of your FAFSAinformation and a calculation of your Expected Family Contribution (EFC) –the number used to determine your federal student aid eligibility. Review yourSAR to see if additional information or corrections are needed. You can alsoaccess your SAR at www.fafsa.gov.The Federal Processor selects a certain number of applicants for a verificationprocess. If you are selected (which will be indicated on your SAR), you willneed to submit requested documents to the Financial Aid Office at theCUNY college you will be attending in order to verify the data you havesupplied on your FAFSA.Once your financial aid applications are completed and you demonstratefinancial need, the colleges you have been accepted to will send you anaward notification to indicate the financial aid programs for whichyou qualify.THE CITY UNIVERSITY OF NEW YORK 3
Evaluate College Costs andFinancial Aid PackagesOne of the most important factorswhen selecting a college is whether theinstitution will meet your educationalneeds. Additionally, you and yourfamily must consider the cost to attendcollege when deciding where to enroll.Cost of Attendance (COA)When planning for college, you needto review the Cost of Attendance(COA), which includes tuition andfees, housing (room and board),transportation, books, supplies andpersonal expenses. If you plan tolive at home, the estimated cost forattending CUNY full-time for ninemonths includes tuition and feesplus approximately 7,200 for allother costs. If you plan to live awayfrom home, the estimated cost isapproximately 20,000.various college scholarships. Forfederal financial aid, your EFC iscalculated the same way for everycollege.Financial NeedFinancial need is the differencebetween Cost of Attendance andyour Expected Family Contribution.COA – EFC Financial NeedCUNY Net Price CalculatorTo help determine the financialaid you may receive, a Net PriceCalculator is available on theCUNY website. This tool calculatesan estimated financial aid awardpackage along with an estimatedcost of tuition and fees. The NetPrice Calculator also helps compareExpected Family Contribution (EFC)Your Expected Family Contribution(EFC) is the amount you and yourfamily can reasonably contributetoward yearly educational costs basedon the information you supply on yourFAFSA. Factors such as your family’sincome, number in household, certainassets, taxes paid and the number offamily members attending college areused to compute your EFC.Your EFC is used to determine theamount of federal financial aid youmay qualify for, such as Pell, FederalWork-Study and subsidized federalloans. In addition, the EFC can beused to determine your eligibility for4 WWW.CUNY.EDU/FINANCIALAIDQueens College
costs at CUNY to other institutionsto determine which colleges aremost affordable for you.Visit www.cuny.edu/financialaid toaccess the Net Price Calculator.Financial Aid PackageBased on your financial need,CUNY constructs a financial aidpackage for you. The financial aidpackage may include various typesof financial aid to help cover all orpart of your college costs. If youhave financial need, you may beeligible for grants, work-study andsubsidized loans.Baruch CollegeCollege of Staten IslandThe following pages contain information on the financial aid programs that may beincluded in your financial aid package based on your eligibility.THE CITY UNIVERSITY OF NEW YORK 5
Programs to Help FinanceYour EducationCUNY ProgramsCollege Scholarshipswww.cuny.edu/scholarshipsEach CUNY College offers avariety of academic and meritbased scholarships. To apply forscholarships at individual CUNYcolleges, students are generallyrequired to complete a FAFSA and,sometimes, an individual scholarshipapplication. Information about thesescholarships can be found at thewebsite listed above.Tuition Payment PlanCUNY colleges participate in theTuitionPay monthly installmentpayment plan to help families budgettuition and fee expenses. For detailsabout the program visitwww.tuitionpay.com/cuny or theOffice of the Bursar at yourCUNY college.New York City CouncilMerit Based ScholarshipThe New York City Council Merit BasedScholarship is awarded to eligible NYChigh school students who have proventheir ability to succeed academically.Students are required to have graduatedfrom a NYC high school with a minimumof an 80 academic average and futureawards require you to maintain acumulative grade point average of at leasta 3.0 (B). The scholarship will provide 800 for the 2014-2015 academic year.Funding is determined by the New YorkCity Council. Future funding and eligibilityrequirements are subject to change.6 WWW.CUNY.EDU/FINANCIALAIDOutside ScholarshipsThere are thousands of privateorganizations that provide scholarshipassistance to college students. Thesescholarships are based on a varietyof factors. To search for scholarships,you should use free search servicessuch as the collegeboard.comwebsite. You do not need to paysomeone to help you with yourscholarship search.Programs for New YorkState Residentswww.hesc.ny.govTo be considered for New York Stateprograms you must: Be a New York State resident. Submit the FAFSA and TAPapplications. Be admitted into a degreeprogram. Make academic progress towardyour degree. Not be in default on a federalstudent loan or owe a refund offinancial aid.Tuition Assistance Program (TAP)TAP is a grant for New York Stateresidents who attend a collegein New York State on a full-timebasis. TAP grants are based on theapplicant’s and his/her family’sNew York State net taxable income.Undergraduate TAP awards rangefrom 500 to 5,165 annually. Priorto completing your TAP applicationyou must first file the FAFSA.
Part-Time Assistance for New YorkState ResidentsNew York State provides two financial aidprograms for students pursuing a degreeon a part-time basis (6 to 11 creditsper semester): the Part-Time TuitionAssistance Program and the Aid forPart-Time Study Program. The amount ofeach grant is determined by the student’sfamily income, number of credits takenand the availability of funds from NewYork State. In addition to the TAPapplication you must submit a CUNYsupplement form. For more informationvisit cuny.edu/financialaid and click thelink for ‘Information and Resources.’New York State Science, Technology,Engineering and Mathematics (STEM)Incentive ProgramThe New York State (NYS) STEMProgram provides a full tuitionscholarship to NYS high schoolgraduates who ranked in the top 10percent of their graduating class whoare pursuing a CUNY associates orbachelors degree in an approved STEMprogram. Applicants must agree to workin a STEM field in New York State for aminimum of 5 years after graduation.For more information visit www.hesc.ny.gov and choose ‘Paying For College’ and‘State Grants, Scholarships and Awards.’CUNY Opportunity Programs:SEEK, CD and ASAPSEEK (Search for Education, Elevationand Knowledge) is a New York Stateprogram available at CUNY four-yearcolleges which is designed to assiststudents who are both academicallyand financially disadvantaged.Other State Scholarships and AwardsNew York State offers a number ofspecial scholarships for students whoexcel in high school or plan to pursueparticular academic objectives.For information about thesescholarships visit www.hesc.ny.gov.CD (College Discovery) is the companionprogram funded by New York City atmost community colleges. Admissioninto the SEEK or CD program is part ofthe CUNY admission process.www.StudentAid.govASAP (Accelerated Study in AssociateProgram) is offered at most CUNYcommunity colleges to allow motivatedassociate degree students to completetheir degree more quickly andefficiently.Federal Student Aid ProgramsTo be eligible for federal financial aidprograms, students must: Be a United States citizen oreligible noncitizen. Fill out a FAFSA. Gain admission to a degree-grantingprogram. Maintain good academic standingand make satisfactory progresstoward the completion of a degree. Register with the Selective Service(for males between the ages of 18and 25).THE CITY UNIVERSITY OF NEW YORK 7
Not be in default on a federalstudent loan or owe a refund offinancial aid. Register for at least six creditsexcept for Pell Grants, which canbe awarded if you are registeredfor as little as one credit.Federal Pell GrantsFor the 2014–2015 academic year,Pell Grants provide up to 5,730per year and are awarded to parttime and full-time undergraduatestudents who have not yet earneda bachelor’s degree. Students areeligible to receive a Pell Grant for upto 12 full-time semesters or the parttime equivalent.Federal Supplemental EducationalOpportunity Grants (FSEOG)If you demonstrate exceptionalfinancial need, CUNY may awardyou funds from FSEOG. Funds arelimited and preference is given tostudents who receive a Pell Grant.Federal Work-Study (FWS)The Federal Work-Study programprovides you with an opportunityto be placed into a part-time jobthat accommodates your academicschedule. If you are awarded FederalWork-Study, you may be placed inan eligible off-campus or on-campusjob. Each college’s Financial AidOffice can help you find a FederalWork-Study job.LoansFederal Direct LoansThe Direct Loan program allows youto borrow funds from the federal8 WWW.CUNY.EDU/FINANCIALAIDgovernment to help cover your costof attendance. Like all other loans,these loans must be repaid withinterest.There are two types of Directloans available, Subsidized andUnsubsidized. To qualify for aSubsidized Direct Loan you mustdemonstrate financial need. Interestis not charged on these loans as longas you are enrolled at least half-timebut will accrue interest after yougraduate or drop below half-time.If you do not demonstrate financialneed, you may still qualify for anUnsubsidized Direct Loan however,interest will begin to accrue as soonas the loan is disbursed.To apply for a Federal Direct Loan,you must: Complete the FAFSA. Request the loan directly fromthe Office of Financial Aid at thecollege. Complete an entrance interview,which provides you withinformation regarding the loan’sterms and conditions.Additional information: You must sign a promissory note. If you request a Federal DirectLoan you may decline the loanlater by notifying the FinancialAid Office at the college. You do not need a co-signer toqualify for a Federal Direct Loan,and there is no credit check. Interest rates for Subsidized andUnsubsidized Federal Direct
Loans issued through June 30,2015 are 4.66 percent. Repayment periods vary from 10 to30 years. Repayment begins six months afteryou graduate, leave college or dropbelow half-time study.Maximum Loan Amounts forFederal Direct LoansSubsidizedTotalSubsidized &UnsubsidizedDependent Undergraduate1st Year 3,500nd2 Year 4,5003rd Year 5,500and Beyond 5,500 6,500 7,500Independent Undergraduate1st Year 3,500nd2 Year 4,5003rd Year 5,500and Beyond 9,500 10,500 12,500Maximum loan amounts are based on eligibility.1Federal Perkins LoansFederal Perkins Loans are low-interestloans available to students who haveexceptional financial need. CUNY servesas the lender and funding is limited. Theinterest rate is 5 percent and repaymentbegins 9 months after the loan isdisbursed. To apply for a Federal PerkinsLoan you must complete the FAFSA.Federal PLUS Loans for ParentsYour parents may be eligible to applyfor a Federal Plus Loan to help pay yourcollege expenses. You, the dependentstudent, must complete the FAFSAbefore your parent(s) can apply for aPLUS Loan.Additional information: PLUS loan borrowers are subject tocredit checks. For the 2014–2015 academic yearthe interest rate on Federal PLUSLoans is 7.21 percent. The interest rate may berecalculated on July 1 each year. Contact the Office of Financial Aidat the college for more informationabout Federal PLUS Loans. Repayment on PLUS Loans begins30 days after disbursement. Yourparent(s) can defer payment as longas you are enrolled at least halftime, although interest will continueto accrue.Veteran Education ProgramsCUNY welcomes and supports veterans,reservists and survivors and theirfamily members. There are programs tohelp veterans finance their educationfrom the federal and New York Stategovernments. For more information onthese benefits and how to apply forthem, visit www.cuny.edu/veterans andchoose “Financing Your Education.”Federal Income Tax Creditsand DeductionsThere are tax credits available to helpyou offset the costs of higher educationby reducing the amount of your incometax. Certain borrowers can receive atax deduction for the interest actuallypaid on student loans for postsecondaryeducation expenses. For informationon both benefits visit www.irs.gov toview IRS Publication 970, Tax Benefitsfor Education.THE CITY UNIVERSITY OF NEW YORK 9
Financial Aid EligibilityAttendanceTo qualify for financial aid youmust begin attending your classes.Attendance information is collectedfrom your instructors and is usedto determine whether you beganattendance in each of your classes.The credits for unattended classes willnot be counted when calculating yourenrollment status for determining yourfinancial aid eligibility.WithdrawalFederal financial aid is awarded withthe expectation that you will attendschool for the entire period for whichthe awards were intended. If youwithdraw from all of your classes beforeyou have completed the semester, thecollege will determine the portion ofyour federal awards you are entitledto receive according to a prescribedattendance formula.Satisfactory Academic Progress(SAP)In accordance with federal andstate guidelines and CUNYpolicy, you must be makingsatisfactory progress in yourprogram of study in order toremain eligible for federal andstate awards. Your academicrecord will be evaluated at leastonce each year according to thesatisfactory progress standardsestablished for each financialaid program. Please see yourcollege’s website for moredetailed information regardingthese standards.Withdrawing from some or all of yourclasses may also impact your eligibilityfor New York State financial aid for thecurrent or subsequent semester(s).Information contained in this booklet is accurate at the time of publication.10 WWW.CUNY.EDU/FINANCIALAID
FAFSA and TAP School CodesWhen filling out your FAFSA and TAP applications, you must provide a collegecode for each CUNY college where you wish to have your information sent.The FAFSA and TAP codes for the individual CUNY colleges are listed below.Federal /FAFSA CodeNew York State /TAP CodeBaruch College0072731409Brooklyn College0026871410The City College of New York0026881411College of Staten Island0026981417Hunter College0026891413John Jay College of Criminal Justice0026931414Lehman College0070221412Medgar Evers College0100971415New York City College of Technology0026961405Queens College0026901416York College0047591418CUNY School of Professional Studies0047651420Borough of ManhattanCommunity College0026911404Bronx Community College0026921400Guttman Community College0421011421Hostos Community College0086111401Kingsborough Community College0026941402LaGuardia Community College0100511403Queensborough Community College0026971407Four-Year CollegesCommunity CollegesT H E C I T Y U N I V E R S I T Y O F N E W Y O R K 11
CUNY Office of Financial AidContact InformationVisit www.cuny.edu/financialaid and click on “Financial Aid Contact”Four-Year CollegesBaruch College151 E. 25th St.Room 880New York, NY 10010(646) ny.eduBrooklyn College2900 Bedford Ave.West Quad CenterRoom 308Brooklyn, NY 11210(718) eduThe City College of New York& The Sophie Davis School ofBiomedical Education160 Convent Ave.Administration Bldg.Room 104New York, NY 10031(212) uCollege of Staten Island2800 Victory Blvd.Building 2ARoom 401Staten Island, NY 10314(718) unter College695 Park Ave.Room 241 NorthNew York, NY 10065(212) 772-4820www.hunter.cuny.edudpu@hunter.cuny.eduJohn Jay College ofCriminal Justice524 West 59th St.New York, NY 10019North Building Room 1280(212) n College250 Bedford Park Blvd. WestShuster HallRoom 136Bronx, NY 10468(718) an.eduMedgar Evers College1637 Bedford Ave.Room S108Brooklyn, NY 11225(718) 270-6141www.mec.cuny.eduGuttman Community College50 West 40th StreetNew York, NY 10018(646) cuny.eduNew York City Collegeof Technology300 Jay St.Namm Hall RoomNG-13Brooklyn, NY 11201(718) .cuny.eduHostos Community College120 E. 149th St.Room B112-115Bronx, NY 10451(718) ueens College65-30 Kissena Blvd.Jefferson Hall, Room 202Flushing, NY 11367(718) ool of Professional Studies119 West 31st StreetNew York, NY 10001(212) 652-2895sps.cuny.eduYork College94-20 Guy R. Brewer Blvd.Room 1M08Jamaica, NY 11451(718) nity CollegesBorough of ManhattanCommunity College199 Chambers St.Room N365New York, NY 10007(212) 220-1430www.bmcc.cuny.edufinaid@bmcc.cuny.eduBronx Community College2155 University Ave.Colston HallRoom 504Bronx, NY 10453(718) ingsboroughCommunity College2001 Oriental Blvd.Room U201Brooklyn, NY 11235(718) rdia Community College31-10 Thomson Ave.Room C107Long Island City, NY 11101(718) id/contact-us/Queensborough CommunityCollegeSpringfield Blvd. & 56th St.Library Bldg.Room 409Bayside, NY 11364(718) 631- 6367www.qcc.cuny.edufinancialaid@qcc.cuny.eduNote: CUNY Baccalaureate forUnique and InterdisciplinaryStudies (CUNY BA/BS) andMacaulay Honors Collegestudents should contact thehome college for questions.
Have a Question?If you have questions about the financial aid application process orwant to learn more information about the Financial Aid programsavailable, visit www.cuny.edu/financialaid or contact the FinancialAid Office at the CUNY college you plan to attend. For help with yourFAFSA or TAP application, refer to the websites and phone numberslisted below.Useful Websites and Phone NumbersThe City University of New YorkCUNY Financial Aid Informationwww.cuny.edu/financialaidCUNY Scholarship Informationwww.cuny.edu/scholarshipsFederal Student AidFAFSA (Free Application for Federal Student Aid) - www.fafsa.govFederal Student Aid Information1-800-4-FED-AID (1-800-433-3243) www.StudentAid.govFederal Student Aid Forecaster - www.FAFSA4caster.ed.govFederal Student Loan Services - www.studentloans.govNew York State Higher Education Services CorporationTAP Grant Information1-888-NYS-HESC (1-888-697-4372) www.hesc.ny.govT H E C I T Y U N I V E R S I T Y O F N E W Y O R K 13
Four-Year CollegesBaruch CollegeBrooklyn CollegeThe City College of New YorkCollege of Staten IslandHunter CollegeJohn Jay College of Criminal JusticeLehman CollegeMedgar Evers CollegeNew York City College of TechnologyQueens CollegeYork CollegeCommunity CollegesBorough of Manhattan Community CollegeBronx Community CollegeGuttman Community CollegeHostos Community CollegeKingsborough Community CollegeLaGuardia Community CollegeQueensborough Community CollegeHonors College and Graduate & Professional SchoolsMacaulay Honors CollegeCUNY Graduate CenterCUNY Graduate School of JournalismCUNY School of LawCUNY School of Professional StudiesCUNY School of Public Healthcuny.edu/undergraduate06/2014175,000
CUNY constructs a financial aid package for you. The financial aid package may include various types of financial aid to help cover all or part of your college costs. If you have financial need, you may be eligible for grants, work-study and subsidized loans. The following pages contain information on the financial aid programs that may be
