Financial Aid

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Financial Aid 101



Federal Work-Study

Federal Direct Subsidized Loan

What is the interest rate charged on this loan?

It varies. The interest rate is adjusted each year on July 1 and is calculated according to a federal formula. The interest rate for your loans will depend on when your first loan disbursement was made. However, by law, the interest rate can never exceed 8.25%.  Check here for your education loan interest rate.

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

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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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