Financial Aid

Need Help? Questions?

Contact Us

Email: finaid@bmcc.cuny.edu
Office Phone: 212 220-1430
Office Fax: 212-220-2368
Room: N365

Extended Office Hours for Registration

August 17 - September 4
Mon - Thurs: 8:30 am - 7:00 pm
Fri: 8:30 am - 5:00 pm

School Codes

FAFSA Code: 002691
TAP Code: 1404

Pell Grant Payment Information

Disbursement and Refund Information
Your Federal Pell Grant is scheduled to be paid out in 2 equal disbursements per semester.  Each disbursement will be equal to 50% of your scheduled semester total. If you have a financial aid credit balance after the payment of your tuition and fees, you will receive a refund according to the refund schedule below.

2015-16 Pell Grant Refund Schedule

 
1st Refund
2nd Refund
Fall Semester
08-21-15
10-02-15
Spring Semester
01-29-16
03-04-16

 

What You Should Know!
The dates posted in the above table are the earliest dates you could receive any funds in hand. These dates are not the dates you will see when the disbursement first posts to your student account. Financial aid is posted to your account 5-7 days before any refunds are issued. Remember this time lag when you are doing your financial planning.

You must have resolved all financial aid related items on the "To Do List" in your CUNYfirst Student Center and you need to have completed registration at least 4 weeks before the start of the term to receive the 1st Pell refund on the date posted above.

The amount of your refund will depend on your total scheduled Pell Grant for the semester, and your total charges minus any other financial aid grants you may be receiving to help pay your tuition [such as TAP]. Your scheduled award is calculated from the enrollment status you have on the date a disbursement is made. Since Pell recipients are scheduled for 2 disbursements per term, enrollment will be re-calculated for each disbursement.

If you receive a 1st Pell Grant refund before classes begin and change your enrollment before the end of the first week of classes, you may have to return some or all of the payment. The final payable enrollment status for the semester is determined from your class enrollment as of the seventh day of the semester.

Financial aid is disbursed to your CUNYfirst account according to an established weekly schedule.  If a scheduled disbursement date is missed because your FAFSA was not processed in time or you registered late, your disbursement will post to your account and refunds issued as soon as possible after processing of your application is completed.

Receiving Your Refund
If you have chosen direct deposit as your preferred payment method, your Pell Grant refund will be available in your direct deposit account on the dates listed above.  Learn more about enrolling in direct deposit in the CUNYfirst Student Financial Aid Guide.

If you did not select an electronic option for receiving your refunds, your Fall and Spring semester refund check(s) will be mailed to your home on the dates listed above.

Using the Pell Grant Award Chart
Calculate the amount of your Federal Pell Grant award amounts for the Fall 2015 or Spring 2016 semesters by using the award schedule below and other information from your paper or electronic Student Aid Report (SAR). If you don't have your SAR, you may access your SAR information online and download a copy at the FAFSA website. You will need your Federal PIN to view and download your SAR.

To use this chart, you need to know your Expected Family Contribution (EFC) and your enrollment status. Your enrollment status can be located by logging on to your CUNYfirst Self-Service Student Center pages and your EFC can be found on your SAR.

  1. Locate your EFC on your paper or electronic SAR.
  2. On the Pell Grant Award Schedule, look at the left-hand column labeled "EFC" and find the range of numbers containing your particular EFC.
  3. Look at the columns to the right labeled with the 4 different enrollment statuses. The appropriate PELL Grant award amounts for every EFC are printed for each enrollment status. Find the column for your enrollment status and move across the same row as your EFC until you find the award amount for your particular enrollment status.

EFC

Full-time

3/4-time

Half-time

Less than half-time

0
$2887.50
$2165.50
$1444.00
$722.00
1-100
2862.50
2147.00
1431.50
715.50
101-200
2812.50
2109.50
1406.50
703.00
201-300
2762.50
2072.00
1381.50
690.50
301-400
2712.50
2034.50
1356.50
678.00
401-500
2662.50
1997.00
1331.50
665.50
501-600
2612.50
1959.50
1306.50
653.00
601-700
2562.50
1922.00
1281.50
640.50
701-800
2512.50
1884.50
1256.50
628.00
801-900
2462.50
1847.50
1231.50
615.50
901-1000
2412.50
1809.50
1206.50
603.00
1001-1100
2362.50
1772.00
1181.50
590.50
1101-1200
2312.50
1734.50
1156.50
578.00
1201-1300
2262.50
1697.00
1131.50
565.00
1301-1400
2212.50
1659.50
1106.50
553.00
1401-1500
2162.50
1622.00
1081.50
540.50
1501-1600
2112.50
1584.50
1056.50
528.00
1601-1700
2062.50
1547.00
1031.50
515.50
1701-1800
2012.50
1509.50
1006.50
503.00
1801-1900
1962.50
1472.00
981.50
490.50
1901-2000
1912.50
1434.50
956.50
478.00
2001-2100
1862.50
1397.00
931.50
465.50
2101-2200
1812.50
1359.50
906.50
453.00
2201-2300
1762.50
1322.00
881.50
440.50
2301-2400
1712.50
1284.50
856.50
428.00
2401-2500
1662.50
1247.00
831.50
415.00
2501-2600
1612.50
1209.50
806.50
403.00
2601-2700
1562.50
1172.00
781.50
390.50
2701-2800
1512.50
1134.50
756.50
378.00
2801-2900
1462.50
1097.00
731.50
365.50
2901-3000
1412.50
1059.50
706.50
353.00
3001-3100
1362.50
1022.00
681.50
340.50
3101-3200
1312.50
984.50
656.50
328.00
3201-3300
1262.50
947.00
631.50
315.50
3301-3400
1212.50
909.50
606.50
303.00
3401-3500
1162.50
872.00
581.50
290.50
3501-3600
1112.50
834.50
556.50
0
3601-3700
1062.50
797.00
531.50
0
3701-3800
1012.50
759.50
506.50
0
3801-3900
962.50
722.00
481.50
0
3901-4000
912.50
684.50
456.50
0
4001-4100
862.50
647.00
431.50
0
4101-4200
812.50
609.50
406.50
0
4201-4300
762.50
572.00
381.50
0
4301-4400
712.50
534.50
356.50
0
4401-4500
662.50
497.00
331.50
0
4501-4600
612.50
459.50
306.50
0
4601-4700
562.50
422.00
0
0
4701-4800
512.50
384.50
0
0
4801-4900
462.50
347.00
0
0
4901-5000
412.50
309.50
0
0
5001-5100
362.50
0
0
0
5101-5157
313.00
0
0
0
5158-9999
0
0
0
0

Attendance Requirements
Federal student aid is awarded with the expectation that you will attend school for the entire period for which your financial aid was intended. To qualify for any financial aid payments, you must actually begin attendance in your classes. Before disbursing your federal aid payments, we will verify your enrollment and attendance status with the Registrar. If you receive a financial aid payment for a class or classes you have never attended, you must return that payment immediately to the college. On the other hand, if you fail to receive payment for a course you are attending, you may request an award recalculation once your enrollment records are corrected.

Withdrawals and Overpayments
If you withdraw from all your classes before you have completed at least 60% of the semester, the college must determine what portion of your federal awards you are entitled to receive according to an attendance formula prescribed in federal regulations.  If you have received, or the college has received on your behalf, more federal student aid funds than the formula allows, you will have to repay any award amount to which you were not entitled.  Learn more.

Post-withdrawal Disbursements
If you withdraw from your classes before the scheduled disbursement of your Federal Pell Grant, you may be eligible to receive a pro-rated award payment based on the number of days you attended classes up to the date you withdrew. Once you are determined eligible for a pro-rated Pell Grant disbursement, you will be issued that disbursement.

Payments for Remedial Coursework
You may receive federal award payments (including Pell Grant, FSEOG, FWS, and Direct Loans) for no more than 30 hours of non-credit remedial course work. This restriction does not apply to English as a Second Language courses.

Lifetime Limit on Receipt of Federal Pell Grant
You may receive Federal Pell Grant for no more than the equivalent of 12 full-time undergraduate semesters.

Satisfactory Academic Progress
In accordance with Federal guidelines and University policy, you must be making satisfactory progress in your program of study in order to remain eligible for federal award programs. You will be measured for satisfactory progress once each year after the spring term and notified by mail in early July if you are found not to be meeting the federal satisfactory progress standard. If you are placed on financial aid suspension due to not making satisfactory academic progress, you may regain that eligibility by filing a successful appeal. Visit the Federal Satisfactory Academic Progress page to learn more.

Summer Pell Grant Eligibility
You may receive up to 2 full-time semesters of Pell Grant in any award year. A Pell Grant may be available for summer session attendance if you haven't used all of your scheduled Pell Grant eligibility in the previous fall or spring semesters. The amount of your summer Pell Grant will be calculated from your summer session enrollment, your EFC, and the college’s records of your remaining Pell eligibility for the prior award year. Calculated summer Pell Grant estimates can be applied against tuition charges to your summer session bill. Learn more about utilizing Pell Grant in the summer sessions at the Pell Grant FAQ page.

 

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