Loan Simulator helps you calculate student loan payments and choose a loan repayment option that best meets your needs and goals. You can also use it to decide whether to consolidate your student loans.
Maintaining Eligibility
For undergraduate students, the federal requirements for SAP are as follows:
- The student must have a GPA of at least 2.0.
- The student must have completed a certain percentage of attempted credits. (see chart below)
- Federal Requirements for SAP
| Attempted Credits |
% of Earned Credits |
SAP Status |
| 25-30.9 |
15 |
PASS |
| 31-36.9 |
25 |
PASS |
| 37-45.9 |
35 |
PASS |
| 46-48.9 |
40 |
PASS |
| 49-60.9 |
45 |
PASS |
| 61-72.9 |
50 |
PASS |
| 73-94.9 |
55 |
PASS |
| 95-120.9 |
60 |
PASS |
SAP for federal aid is determined once a year, after the spring grades are all submitted and processed. If SAP is not met, financial aid eligibility will be suspended until such time as either the student, through continued coursework, meets the requirements for SAP or has an appeal be approved.
Students who experience a loss in income based on the COVID-19 pandemic may qualify for additional federal student assistance. When completing the 22-23 FAFSA, a student reports income information from 2020. If you have had a loss in income and previously did not qualify for a Federal Pell Grant, you may be eligible for additional funds based on an income adjustment. Possible circumstances may include unemployment, death of a wage-earner (parent, if dependent; spouse, if independent), divorce, loss of untaxed income (such as child support). A review of your circumstance will require income and substantiating support documentation for the circumstance.
To begin this process please review and complete the Income Adjustment Form and submit it to the Office of Fellowships and Financial Aid via the Drop Off Service: https://www.gc.cuny.edu/fellowships-and-financial-aid
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 $125,000 or less for the 2022-2023 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.
Maintaining Eligibility
The general requirements for those receiving state awards. are as follows:
- The student must have a GPA of at least a 2.0.
- The student must have completed a percentage of attempted credits each semester, determined by the number of points/payments of TAP they have accrued:
| 6-12 points |
receive grade for at least 50% |
| 18-24 points |
receive grade for at least 75% |
| 30-48 points |
receive grade for 100% |
For state aid, progress and pursuit are measured after every term.
Appeals: If the student does not meet the requirements, the student may submit an appeal to the Financial Aid Office. The appeal will be forwarded to the Appeals Committees for review. Please note, while a student can submit more than one appeal for federal aid in their career, the TAP appeal is a one-time waiver.
For information on private education loan programs, please visit the Private Education Loan Programs page.
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