FAFSA Information for Graduate Students
If you wish to apply for federal or state financial aid at CUNY, you must first file a Free Application for Federal Student Aid (FAFSA).
- When submitting your FAFSA, please be sure to list Hunter College (Federal Code #002689) in the list of schools you’d like to receive your FAFSA information.
- Once processed, you will receive a Student Aid Report (SAR) in the mail; the Office of Financial Aid at Hunter College will receive an electronic record your application.
- Some students who file a FAFSA will have their application selected by the U.S. Department of Education for a process called verification. If you are selected, you must provide copies of your (and your spouse’s, if applicable) federal income tax returns and additional household information to the Office of Financial Aid.
- Some students who file a FAFSA may also have their applications selected for review by CUNY if the application information seems incorrect or inconsistent. If you are selected, you must review your information with the Office of Financial Aid and provide explanations and/or make appropriate corrections to the application information. Until this process is complete, no aid can be awarded to you.
William D. Ford Federal Direct Loan Program
The William D. Ford Federal Direct Loan Program makes funds available directly from the U.S. government to undergraduate and graduate students.
Direct Loans are either subsidized or unsubsidized:
A subsidized loan is awarded on the basis of financial need. You will not be charged any interest before beginning repayment or during authorized periods of deferment. The federal government “subsidizes” the interest during these periods.
An unsubsidized loan is not awarded on the basis of need. You will be charged interest from the time the loan is disbursed until it is paid in full. You may allow the interest to accumulate and to be capitalized–that is, the interest will be added to the principal amount of the loan and additional interest will be based upon the higher amount.
- As a graduate student, you may borrow the total cost of attendance up to $20,500 each academic year, or whichever is lower (not more than $8,500 of this amount may be in subsidized Direct Loans).
- You may receive less than the yearly maximum amounts if you receive other financial aid that is used to cover a portion of the cost of attendance.
- The total debt you can have outstanding from all Direct and Stafford Loans combined is $138,500 as a graduate or professional student (only $65,500 of this amount may be in subsidized loans). The graduate debt limit includes any Direct or Stafford Loans received for undergraduate study.
How to apply:
Complete the FAFSA and the Hunter College Request for a Direct Student Loan.
How Much You Can Borrow
Annual Loan Limits for Direct Subsidized Loans and Direct Unsubsidized Loans: $20,500
- You may borrow up to $20,500 each academic year in unsubsidized loans.
- You may receive less than the yearly maximum amounts if you receive other financial aid.
- All students are not to exceed the cost of attendance (COA) of the institution. For this reason your request may be reduced based on the remaining budget/COA.
- The total debt you can have outstanding from the direct unsubsidized loan program (for graduate students only) is $138,500.
Federal Perkins Loan
A Federal Perkins Loan is a low-interest (5%) loan for both undergraduate and graduate students with exceptional financial need.
- The loan is comprised of government funds with a share contributed by Hunter College.
- Federal Perkins Loan awards for graduate students at CUNY range from $800 to $3,500.
- You must repay this loan to Hunter College.
How to apply:
Complete the FAFSA and indicate on the FAFSA that you are interested in borrowing a student loan.
The Federal Work-Study Program provides jobs for undergraduate and graduate students with financial need, allowing you to earn money to help pay your education expenses. The program encourages community service work and work related to your course of study.
- Federal Work-Study wages will be at least the current federal minimum wage, but they may be higher, depending on the type of work and the skills required.
- The total Federal Work-Study award depends on your level of need, and the amount of funds available.
- Federal Work-Study awards for graduate students at CUNY range from $1,000 to $2,000.
How to apply:
Complete the FAFSA and indicate that you are interested in a work-study job.
Information is subject to change without notice due to changes in federal, state and/or institutional rules and regulations.
- To learn more about internal scholarships, contact your school or department.
- To learn more about external grants, scholarships and fellowships, visit the Grants Guide.
Find graduate student forms and applications for: degree audits, financial aid, your personal records and transcripts, registration and more.