Financial Aid

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Financial Aid 101



Federal Work-Study

Federal Direct Subsidized Loan

Do I get my money all at once?

No. You will receive your loan money in at least two installments, neither of which will be more than one-half of the loan total.

For a loan covering the full academic year, your 2 disbursements will be split between the fall and spring semesters.  First-time borrowers may not receive a loan disbursement until 30 days after the start of the fall or spring term.

For loans covering one semester, the second disbursement will usually occur just after the semester midterm. You will receive email notices from the college for each scheduled disbursement.

Can I cancel all or part of my loan after it has been disbursed?

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The City University of New York

Borough of Manhattan Community College
The City University of New York
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