Financial Aid

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Financial Aid 101



Federal Work-Study

Federal Direct PLUS Loan

How is this loan disbursed?

The proceeds of the loan will be sent to the college in two installments neither one of which will be more than half the loan amount. If the loan period covers the full academic year, the funds will be divided equally between the fall and spring semesters. The funds will first go to pay any outstanding tuition and fee balance. The remainder will be issued to your parents (or to you if your parents so authorize). Any remaining loan funds must be used for your college expenses.

What is the interest rate?

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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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