Financial Aid

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Financial Aid 101

Grants

Loans

Federal Work-Study

Federal Direct Unsubsidized Loan

Are there other limitations on the amount I may borrow?

Yes. You may not borrow more than the cost of attendance at BMCC minus the expected family contribution (EFC) minus any other financial aid you receive. Before processing your loan request, the Financial Aid Office will calculate the amount of loan assistance you are eligible for.

If your period of enrollment is less than a full academic year the amount of loan assistance you are entitled to may be less than the maximum amounts listed above.

Furthermore, the Federal Government may restrict how frequently you may request or receive the maximum loan amount.

Finally, the Office of Financial Aid may refuse to process your loan request or may otherwise reduce the amount of your loan, if it provides you with a written explanation for its decision.

What is the interest rate on an unsubsidized loan?

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Borough of Manhattan Community College
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