Financial Aid

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Financial Aid 101

Grants

Loans

Federal Work-Study

Federal Direct Subsidized Loan

Am I charged interest on a subsidized loan while going to school?

No. This loan is called a "subsidized loan" because the federal government supports or subsidizes the interest payments while you are in school and during any grace or deferment periods. You do not pay interest on a subsidized loan until your loan enters repayment.

Are there any other charges for this loan?

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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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