Financial Aid

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Financial Aid 101

Grants

Loans

Federal Work-Study

Financial Aid 101

When do I receive the money?

The Financial Aid Office must receive your application while you are still enrolled. We must determine that your information is correct and complete with all required documents before you receive any federal financial aid. Your "To Do List" on your CUNYfirst Student Center page will tell you about any remaining requirements.

When all requirements have been satisfied, you will receive an e-mail award letter with the types and amounts of the awards in your financial aid package. You will also be able to view your awards on your Student Center page in CUNYfirst.

If you have requested a Federal Direct Loan, you will be sent a Disclosure Notice with anticipated disbursement dates. After your request is processed, your approved loan amount is added to your awards package on CUNYfirst.

Your TAP, PELL and loan funds are not paid to you directly but to your CUNYfirst student account and will be used to cover any unpaid semester charges. TAP funds are used only for tuition and are not refunded to you. Other amounts not needed to cover your school charges will be refunded to you.

View your scheduled disbursement dates on your CUNYfirst account by logging into your Student Center, clicking on "View Financial Aid" and then selecting "View Scheduled Disbursements". The disbursement dates listed represent the earliest possible date that the aid will be released. The actual date may be different, but most students receive their aid payments within the first month of classes each semester. 

Student financial aid is awarded with the expectation that you will attend school for the entire period for which your financial aid was intended. To receive all the aid to whch you are entitled, you must actually begin attendance in your classes. The college uses attendance information reported by your instructors to determine whether or not you have actually begun attendance.

If you register for classes but do not begin attendance, your financial aid will be cancelled. If you receive a payment of financial aid funds for classes you have never attended, you must return that payment immediately to the college.

Before releasing any grant or loan funds to your account or making any refunds to you, we will verify your enrollment status with the college Registrar. Your enrollment status will be measured at the end of the 7th day of the semester to determine your eligibility for PELL and other financial aid grants. For student loans, your enrollment status will be rechecked at the point the loan payment is made regardless of when in the semester you are receiving it.

What if I need more financial help?

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The City University of New York

Borough of Manhattan Community College
The City University of New York
199 Chambers Street, New York, NY 10007
212-220-8000 | Directory

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