There are many options to choose from when considering both government-funded and private sources of financial assistance.

  • Grants – Federal and State – awarded based on financial eligibility and do not have to be repaid. The following are the most common Grant programs available at the CUNY School of Labor and Urban Studies:
    -Federal Pell Grant
    -Federal SEOG (Supplemental Educational Opportunity Grant)
    -NYS Excelsior Scholarship
    -NYS TAP (Tuition Assistance Program)
    -NYS APTS (Aid for Part-Time Study)
  • Loans – Loans do need to be repaid
    -Federal Direct Stafford/Ford Loan Program (Subsidized/Unsubsidized)
    -Federal Plus Loan
    -Alternative Loan
  • Scholarships – Scholarships are usually based on academic merit and do not need to be paid back.

This federal entitlement program was instituted to help undergraduate matriculated students meet the cost of their education. Pell grants are awarded to eligible students enrolled in a full-time program (12 or more credits). Reduced grants are available to students enrolled part-time. Applicants must demonstrate financial need. Awards range from $326 to $3097.50 per semester. Students must apply each year.

This federal grant is awarded to students who are enrolled at least half-time and demonstrate the greatest financial need. Awards are typically $200 per semester.

The University is pleased to announce that the State of New York, under the leadership of Governor Cuomo and the legislature, is taking a bold step in addressing the cost of college education and student loan debt by launching the Excelsior Scholarship. This program is the first of its kind in the country. It will enable many New York State residents to attend a CUNY college tuition-free and establish a national model broadening access to higher education.

Recipients of this award must have a family income of $110,000 or less for the 2018-19 academic year, file the Free Application for Student Aid (FAFSA) along with the TAP application, attend full-time, and complete 30 credits per year. Awardees must also agree to reside exclusively in New York State and not be employed in any other State for a continuous number of years equal to the duration of the award.

The Excelsior Scholarship will be applied to each qualifying student’s financial aid package after all other aid, including TAP, Pell, City Council Scholarship, college scholarships and other grants or scholarships are applied.

New York State’s Tuition Assistance Program (TAP) provides grants to students to assist them in paying tuition. The TAP program is administered by the NY State Higher Education Services Corporation (HESC).

Regulations of both the Higher Education Services Corporation state (TAP/APTS) and federal programs require regular class participation. Financial aid regulations also require that students make satisfactory progress toward a degree. Students should be aware that all financial assistance awards are subject to student compliance with federal, state and/or college regulations concerning satisfactory academic progress and standing. Students dropping courses should refer to the financial aid guidelines for eligibility. Students on probation who make satisfactory progress will continue to be eligible for financial aid.

Eligibility

An applicant must:

  • be a legal resident of NYS and have resided in NYS for 12 continuous months;
  • be a U.S. citizen or eligible noncitizen;
  • have graduated from high school in the United States, earned a high school equivalency diploma by passing a Test Assessing Secondary Completion (TASC) formally known as a GED, or passed a federally approved “Ability to Benefit” test as defined by the Commissioner of the State Education Department;
  • study at an approved postsecondary institution in New York State;
  • be matriculated in an approved program of study and be in good academic standing with at least a “C” average as of the 4th semester payment
  • be enrolled as a full-time student taking twelve or more credits applicable toward the degree program, per semester;
  • be charged at least $200 tuition per year;
  • meet income eligibility limitations;
  • not be in default on any state or federal student loans and not be in default on any repayment of State awards;
  • be in compliance with the terms of any service condition imposed by a NYS award.

* Credit-bearing courses in the student’s minimum full-time course load (12 semester hours or the
equivalent) must consist of courses applicable to the student’s program of study as a general
education requirement, major requirement, or elective.

All federal undergraduate financial aid is limited to 150 percent of the credits required for the bachelor’s degree. Minimum standards of satisfactory progress for financial aid are indicated below.

To receive each TAP payment:

  • Credits counted must meet degree requirements as described in the Bulletin;
  • You must have completed a specific number of credits in the previous semester;
  • You must have accumulated a specific number of credits towards your degree;
  • You must maintain a specific minimum GPA (grade point average);
  • You must have declared a major by the time you complete 60 credits (If you are repeating a course in order to earn the “C” required for your major, your major must be noted in your academic records even if you have not yet completed 61 credits).

TAP Income Limits

Student Type NYS Taxable Income Limit
Dependent undergraduate students or Independent students who are married and have tax dependents, or Independent students who are unmarried and have tax dependents, or beginning with the 2014-15 academic year, students who qualify as an orphan, foster child or ward of the court $80,000
Independent undergraduate students who are married and have no other tax dependents $40,000
Single independent undergraduate students with no tax dependents $10,000

Continuing Students

Before Being Certified for This Payment 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th
A Student Must Have Accrued at Least This Many Credits 0 6 15 27 39 51 66 81 96 111
With At Least This Grade Point Average 0 1.5 1.8 1.8 2.0 2.0 2.0 2.0 2.0 2.0

Repeated Courses

Repeated courses in which you have already received a passing grade cannot be included in meeting the TAP full-time study requirement. Repeated courses may be counted toward the full-time study requirement if:

  1. You repeat a course that you have previously failed;
  2. You repeat a course for additional credit;
  3. You received a passing grade this is unacceptable in a particular curriculum.

TAP Waivers

You may be granted a waiver of the TAP academic requirements once, as an undergraduate student and once, as a graduate student, with the strong expectation that you will meet all requirements in the future. Contact the Financial Aid Office for more information about the procedure for applying for a waiver.

Additional information about the New York States Tuition Assistance Program can be found on CUNY’s New York State Grants website.

The Aid for Part-Time Study (APTS) program provides grant assistance for eligible part-time students enrolled in approved undergraduate studies.

Application Form

To apply you must first complete the FAFSA. An APTS application must be obtained from the college the student will be attending. The student should complete the application, and return it to the college for processing as early as possible, as funds are limited.

Qualifying Program and Credits

You must be a matriculated student. For this program at CUNY part-time study means being enrolled for at least 6 but less than 12 credits per semester.

Resident Information

You must be a New York State resident.

Eligibility

To be considered for an APTS award students must:

  • be a legal resident of New York State and have resided in NYS for at least 12 continuous months prior to the start of the term;
  • be a U.S. citizen or eligible noncitizen;
  • have graduated from a high school in the United States, earned a high school equivalency diploma by passing a Test Assessing Secondary Completion (TASC) formally known as a GED, or passed a federally approved “Ability to Benefit” test as defined by the Commissioner of the State Education Department
  • be enrolled as a part-time student;
  • be matriculated in an approved program of study in a participating New York State postsecondary institution;
  • be in good academic standing;
  • be charged at least $100 tuition per year;
  • meet income eligibility limitations;
  • not have exhausted Tuition Assistance Program (TAP) eligibility;
  • not be in default on a student loan made under any NYS or federal education loan program or repayment of any NYS award and,
  • be in compliance with the terms of any service condition imposed by a NYS award.

Income Limits

Eligibility for an APTS award is based on New York State net taxable income from the preceding calendar year.

  • If students were eligible to be claimed as tax dependents by their parents, family New York State NET taxable income can be as much as $50,550 to qualify for an award. Family income includes student AND parents’ income.
  • If students were not eligible to be claimed by their parents as tax dependents, their New York State NET taxable income (including spouse’s income) can be as much as $34,250 to qualify for an award. Spouse’s income must be included if they were married on or before December 31 of the previous calendar year.
  • If students were not eligible to be claimed by their parents but were eligible to claim tax dependents other than self and/or spouse, New York State NET taxable income (including spouse’s income) can be as much as $50,550 to qualify for an award. Spouse’s income must be included if they were married on or before December 31 of the previous calendar year.

This loan program helps students meet the cost of a college education. The Federal Direct Loan Program allows students to borrow money directly from the federal government. Students who are matriculated in degree-granting programs and are registered for at least 6 credits per semester are eligible. Students must begin repayment within 6 months after graduation or termination of college attendance. There are a number of repayment plans available (for more information, please visit Federal Student Aid website. Federal regulations require the deduction of an origination fee from the face value of each loan.

Annual Loan Limits

Dependent Students (excluding students whose parents cannot borrow PLUS) Base Amount Sub/Unsub (no changes) Additional Unsubsidized Loan Amount Total
Loans first disbursed before July 1, 2008 Loans first disbursed on or after July 1, 2018
1st year undergraduate $3,500 $2,000 $5,500
2nd year undergraduate $4,500 $2,000 $6,500
3rd year & beyond undergraduate $5,500 $2,000 $7,500

 

Independent Students (and dependent students whose parents cannot borrow PLUS) Base Amount Sub/Unsub (no changes) Additional Unsubsidized Loan Amount Total
Loans first disbursed before July 1, 2008 Loans first disbursed on or after July 1, 2018
1st year undergraduate $3,500 $6,000 $9,500
2nd year undergraduate $4,500 $6,000 $10,500
3rd year & beyond undergraduate $5,500 $7,000 $12,500

For information on current interest rates, please visit the Interest Rates and Fees page.

Aggregate Loan Limits

Subsidized / Unsubsidized Aggregate
Current Effective July 1, 2008
Dependent Students (excluding students whose parents cannot borrow PLUS) $23,000 $31,000
(maximum 23,000 subsidized)
Independent Students (and dependent students whose parents cannot borrow PLUS) $46,000
(maximum $23,000 subsidized)
$57,500
(maximum 23,000 subsidized)

For information on current interest rates, please visit the Interest Rates and Fees page.

How To Apply

Please read these instructions carefully. Failure to follow these instructions may cause delays in the processing of your loan request. You must be enrolled at least half-time (6 credits or more) in order to be eligible for a Direct Loan.

In order to secure a direct loan, there are four steps. All of these steps must be completed in order for a loan to be processed successfully.

1. Complete the FAFSA

The Free Application for Federal Student Aid is the application for federal student assistance. You can apply before you have been admitted to CUNY starting October 1 prior to the academic year you plan on attending. Apply online by going to FAFSA website. In order to file a FAFSA, you will need to have a FSA ID. If you do not currently have a FSA ID, you can obtain one by creating a new FSA ID. School code — 004765. You must file a new FAFSA for each academic year that you would like to be considered for federal aid.

2. Complete the direct loan application on CUNY First.

3. Complete entrance counseling (for first-time borrowers)

Those who are first-time borrowers or who borrowed more than five years ago must complete entrance counseling at StudentLoans.gov website.

  • Sign on to Student Loans website and click on Student Loan Borrowers, then click on Complete Online Counseling.
  • First-time Grad PLUS borrowers must complete graduate entrance counseling, before loan proceeds will be disbursed.
  • Read all the loan information page by page.
  • Take the quiz (applicants must pass)

4. Sign the Master Promissory Note (MPN)

Once the loan request has been processed, applicants will receive a letter of instruction regarding:

  • how to sign the Master Promissory Note (MPN) online. See the Student Loans website. Signing online will shorten the time required to get the loan funds to applicants;
  • the processed loan amounts; and
  • the anticipated disbursement dates.

If students do not sign their MPN online using their FSA ID, they will receive a paper MPN in the mail. Students must complete the reference section, sign and date the MPN, and send in the MPN for the processing of their loan to be completed. Grad PLUS borrowers are required to sign an additional MPN.

Once the MPN is returned, students will receive Disclosure Notices which will indicate the approved gross loan amount(s), fees, net loan amounts, and anticipated disbursement dates. All loans are disbursed in at least two disbursements.

Students will be notified by email when their checks are available. Checks will be mailed or direct deposited. Direct deposit is highly recommended (to ensure that mailed checks are received, mailing addresses must be updated in CUNYfirst). Students can sign up for direct deposit via CUNYfirst. For more information, please visit the Financial Aid and Tuition Refunds page.

Those who have a Master Promissory Note (MPN) on file with the Federal Government are no longer required to complete a new promissory note for each new loan. Notes expire after ten years; when this happens you must sign a new MPN. However, previous borrowers will still receive disclosure notices listing the amounts of their loan(s) and the anticipated disbursement dates.

This educational loan enables parents of dependent undergraduate matriculated students to borrow money in order to pay for their child’s education. Parents are limited in the amount that they can borrow by the cost of their child’s education minus any other financial aid that the student is receiving. The cost of education includes school related expenses as determined by The City University of New York (CUNY). A credit check is performed. If the parent loan is denied, it is possible for a dependent student to borrow additional unsubsidized loans in their own name. There is an origination fee that will be deducted proportionately from each loan disbursement.

For information on current interest rates, please visit the Interest Rates and Fees page.

If your student status is:

  • Non-matriculated
  • International Student
  • Have reached the federal student aggregate limits

You may be eligible for alternative loans.

Once you select a lender, you must complete a Master Promissory Note with that lender and contact the Financial Aid Office at 212-817-7460 for further instructions.

The choice of a lender is ultimately your decision. Here are some things to consider as you seek possible lenders for alternative loans:

  • Interest rate of the loan
  • Repayment schedule and monthly amounts
  • Length of repayment period
  • Total amount you will repay over the life of the loan
  • Penalties for missing monthly payments
  • Options for loan consolidation

For information on private education loan programs, please visit the Private Education Loan Programs page.

  • Please know that the CUNY School of Labor and Urban Studies neither endorses nor recommends any lender.
  • You must be enrolled for at least 6 credits each semester.
  • You must be in a degree program, in good academic standing, and making satisfactory academic progress as defined by The City University of New York (CUNY).
  • Full-time undergraduate students should complete a Baccalaureate degree within six (6) years.
  • To remain eligible for financial aid undergraduate students must achieve a GPA (grade point average) of:
    • 1.50 if 1-12.9 credits have been attempted
    • 1.75 if 13.0-24.9 credits have been attempted
    • 2.00 if 25 or more credits have been attempted
  • You cannot be in default of any federal educational loans and/or owe a federal grant repayment.

How to Apply

To receive both Federal and State financial aid as a CUNY student, you must complete two forms: the Free Application for Federal Student Aid (FAFSA) and, if you or your parents are New York State residents and you are a full time student (12 credits or more), the New York State Tuition Assistance Program (TAP) application.

Both forms can be completed online (FAFSA). If you have questions while completing the FAFSA form you may contact the The Office of Fellowships and Financial Aid at 212.817.7460. You will be prompted to complete the TAP application after completing the online FAFSA (additional TAP information).

We urge you to apply for financial aid for each upcoming academic year before the deadline of April 15.

The FAFSA Title IV Code The school code for TAP
004765 1422

When filling out your FAFSA, please note that CUNY School of Labor and Urban Studies shares a Title IV code with the CUNY Graduate School and University Center and will appear as “CUNY GRADUATE SCH & UNIV CTR”.

For assistance you may contact:

The Office of Fellowships and Financial Aid
365 Fifth Avenue, Room 7201
New York, NY 10016
212-817-7460
Financialaid@slu.cuny.edu or financialaid@gc.cuny.edu

Estimated Cost of Attendance (2019-2020 Academic Year)

Living w/ Parent Fall & Spring Living w/ Parent One Semester
Books $1,364 $682
Transportation $1,088 $544
Personal $1,787 $894
Housing $4,450 $2,225
Food $0 $0
Lunch $1,232 $616
TOTAL $10,713 $4,961

 

Living Away Fall & Spring Living Away One Semester
Books $1,364 $682
Transportation $1,088 $544
Personal $2,387 $1,194
Housing $12,123 $6,062
Food $2,222 $1,111
Lunch $1,232 $616
TOTAL $20,416 $10,209

 

Tuition and Fees can be determined by clicking here.