Graduate Financial Aid
The Office of Financial Aid offers federal financial aid designed to assist graduate students in financing their college education.
Federal financial aid is divided into three basic categories: loans, federal work-study and grants/scholarships, which can be used individually or in combination to help finance your Brooklyn College education. Work-study assistance will allow you to earn money to help pay for part of your educational expenses by working part-time on campus and off campus. The Federal TEACH grant is for gradute students who are committed to pursuing a career in teaching. Brooklyn College has a robust scholarships and graduate students are strongly encouraged to apply. Federal student loans require that you first participate in entrance and exit interviews with the college's Office of Financial Aid, and agree to repay the principal and interest on such loans upon completion of your studies. You should also be aware that federal financial aid programs change frequently, so the types and amounts of awards may vary annually, based on available funds and changes in the status of your financial need.
Once you have decided to attend and have committed to Brooklyn College, we also strongly recommend that you read the Graduate Financial Aid Student Guide (pdf). This guide will provide you with information on the available Financial Aid options for Graduate studies. It will also provide you with instruction on how to apply for a Federal Direct Unsubsidized Student Loan. Remember that these functions are only available to admitted students who have informed Brooklyn College that they will attend and have submitted their commitment deposit or commitment information to the Office of Admissions. If you need any additional assistance with Financial Aid for Graduate Studies, schedule an appointment with your Financial Aid Advisor.
Cost of Attendance
The following estimates the costs of academic year 2016–17 may help students determine if they need assistance. The estimates are based on full-time study (12 credits) for New York State residents while attending school for a nine month budgeted year. Note that a student's budget can increase or decrease based on semester (summer, fall, winter, and spring) enrollment status and other individual circumstances.
Students Living at Home
- Books and Supplies $1,364
- Transportation (MetroCard) $1,054
- Lunch $1,148
- Personal Expense $1,800
- Room and Board $4,270
- Total Variable Cost $9,694 + Tuition and fees
Students Living Away From Home
- Books and Supplies $1,364
- Transportation (MetroCard) $1,054
- Lunch $1,148
- Food at Home $2,179
- Personal Expense $4,248
- Housing $10,386
- Loan Fees $58
- Total Variable Cost $20,436 + Tuition and fees
*Students may not borrow in excess of their cost of attendance in order to comply with CUNY and federal rules/regulations.
Financial Aid Disbursement Dates
- Direct Loans — July 25
- Direct Loans — September 6
- Perkins — September 26
- Direct Loans — February 13
- Perkins — March 6
Note that one of the enhancements that comes with CUNYfirst is that the dates above represent the initial and first available disbursement date for the respective programs. Thereafter, each program will disburse aid for any remaining unpaid students every Monday. FWS funds are paid on a bi-weekly basis.
Financial aid funds will not be disbursed until all "To-Do" list items are completed (for example incomplete federal entrance counseling or unsigned master promissory (MPN) note to name a few), under the "Self-Service" option, in the "Student Center" tab. We strongly recommend that you read this section in the Your Guide to Managing Your Financial Aid (pdf).
*NOTE: Incomplete CUNY Supplement form will not hinder the disbursement of any financial aid awards.
Financial Aid Refunds
All student refunds are handled by the University Controllers Office and local inquires can be addressed with the Office of the Bursar. Note that refunds will be made available to students on the Friday following their disbursement date. That means you will see your eligible refund in CUNYfirst a few days before it will actually be posted to our CUNY Scholars Support Card, bank account or mailed as a paper check. The Office of Financial Aid strongly recommends that you sign up for an electronic method of disbursement such as direct deposit. It is more secure and efficient. For instructions on how to sign up, please review Your Guide to Managing Your Financial Aid (pdf). Financial aid payment information and dates will be emailed and also made available on your CUNYfirst account under the finance tab.
Federal Work-Study Program
The Federal Work-Study Program (FWS) provides part-time jobs for graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service and work related to the recipient's course of study.
For any additional questions regarding a FWS award or how to get one, contact us at 718.951.5178 or 718.951.5816 or via e-mail.
Federal Direct Loans
Loans are a form of financial aid that you must pay back at interest rates that are typically lower than consumer rates, usually not until after your studies have been completed. The size of the loan you seek and commit to should be determined only after all available gift-aid or scholarships has been applied for. You should also determine whether the loan you choose has an interest-free grace period before repayment begins and if all or some of the loan may be deferred or repaid after graduation.
Most graduate students fund their education at Brooklyn College through a Federal Direct Loan.
You can apply for a Federal Direct Loan once you have:
- completed a 2016–17 FAFSA application and received an e-mail confirmation,
- resolved any and all verification items, if any (this information will be listed under your CUNYfirst "To Do" list), and
- registered for at least six credits.
2016–17 Federal Direct Loan Disbursement Dates
July 25, 2016
September 6, 2016
February 13, 2017
*If your loan was processed after or not in time for the aforementioned disbursement date, your loan will be disbursed on every Monday thereafter for the respective semester in question.
Loans for Graduate Students
The amount you are eligible to borrow per academic year
Maximum Unsubsidized Loan
Lifetime Borrowing Limit
Graduate PLUS Loans
PLUS loans are federal loans that graduate or professional degree students can use to help pay education expenses. In order to receive a Direct PLUS loan, you must complete the Free Application for Federal Student Aid (FAFSA).
Graduate students are only advised to apply for a PLUS loan if they need additional funds not provided by the maximum amount of the un-subsidized Stafford loan. To receive a Graduate PLUS Loan, you must be a graduate or professional degree student enrolled at least half-time (six credits) at an eligible school in a program leading to a degree.
With PLUS loans:
- The U.S. Department of Education is the lender.
- The borrower must not have an adverse credit history.
- The maximum Graduate PLUS loan amount is the student’s cost of attendance (determined by the school in your "Full-Yr Financial Aid Summary," which can be viewed on your CUNYfirst student account) minus any other financial aid/scholarships received. If you need any additional assistanceplease refer to the Graduate Student Financial Aid Guide.
If your PLUS loan is credit approved by the federal government, then the borrower of the must complete a PLUS Promissory Note on StudentLoans.gov.
- Completed Graduate PLUS Loan Applications can be submitted to the Financial Aid counter loaded at the ESC (Enrollment Services Center), in the lobby of the West Quad Building, via fax to 718.951.4778 or via e-mail.
Federal TEACH Grant Program
Offered to matriculated graduate student and does not require repayment so long as the student completes the program. To be considered for this federal financial aid, you must be a U.S. citizen or an eligible non-citizen admitted as at least a half-time student to an approved degree program and must maintain satisfactory academic progress to preserve your continuing aid eligibility. (Students not yet admitted into an approved degree program do not qualify)
As a condition for receiving a TEACH Grant, you must sign a TEACH Grant Agreement to Serve, which you agree to (among other requirements) teach: in a high-need field; at an elementary school, secondary school or educational service agency that serves students from low-income families; and for at least four complete academic years within eight years after completing (or ceasing enrollment in) the course of study for which you received the grant.
If you do not complete your service obligation, all TEACH Grant funds you received will be converted to a Direct Unsubsidized Loan. You must then repay this loan to the U.S. Department of Education, with interest charged from the date the TEACH Grant was disbursed (paid to you or on your behalf).
Before applying for a private or alternative education loan, you may qualify for grants and/or other assistance under Title IV of the Higher Education Act. Loans under Title IV include the Federal Stafford and the Federal PLUS loan. These Title IV loans may have terms and conditions that may be more favorable than the terms and conditions of private education loans. You should compare interest rates, fees, and repayment options such as deferment and forbearance. You should also consider that federal loans may qualify for loan forgiveness for certain professional commitments, and loan discharges due to total and permanent disability and death.
Apply with a credit worthy cosigner. Applying with a cosigner may provide you with an increased chance of approval and more competitive interest rate.
- Borrow only what you need to meet your educational costs
- Do your research. Ask questions of your lender and find out which loan will benefit you the most.
- Be aware of interest rates, fees, and repayment terms before completing the application and promissory note.
- Monitor your total indebtedness being sure you will be able to repay with interest.
- Cosigners are equally responsible for repayment of the loan and their credit is equally affected.
E-mail us should you have addition questions regarding loans and borrowing!
- Keep all your contact information (postal address, e-mail and telephone) current by updating your CUNYfirst account as soon as any changes occur.
- Check your Brooklyn College e-mail and your CUNYfirst account frequently for messages regarding your financial aid status and your student account.
- Complete your applications accurately and provide correct information at all times. Reporting false information is a violation of the law and may be considered a criminal offense.
- Be aware of and meet all deadlines for applying or reapplying for financial aid. You must complete your applications sufficiently in advance so that processing may be completed by the stated deadline.
- Submit any additional information or documents required by the Financial Aid Office before the stated deadline.
- Keep your parents informed of all financial aid requirements and deadlines if you are a dependent student.
- Read and understand all forms you are asked to sign and keep a copy of each.
- Notify the Financial Aid Office if the information reported on your financial aid application has changed.
- Notify the Financial Aid Office if at any time during the year you receive any type of financial assistance that is not listed on your award notice.
- Notify the Financial Aid Office if you are receiving financial aid for attendance at another institution while attending Brooklyn College.
- Know and comply with all terms, conditions and policies associated with the awards you receive.
- Begin attendance in your classes to qualify for any financial aid payments. Financial aid is awarded with the expectation that you will attend school for the entire period for which your aid was intended.
- Continue to make satisfactory academic progress in your program of study according to college and CUNY standards.
- Know what financial aid programs are available, including information on all federal and state grants, loans and institutional financial aid programs.
- Know the application procedures and deadlines for each of the available financial aid programs. Learn more about how to apply. Learn more about when to apply.
- Know how your financial aid eligibility is determined. Learn more.
- Know how financial aid is awarded and the basis for these decisions. Learn more.
- Know how and when financial aid is disbursed. Learn more.
- Know how Brooklyn College determines whether or not you are making satisfactory academic progress, and what happens if you are not. Learn more.
- Ask a financial aid counselor to review your financial situation and, if warranted, redetermine your eligibility for assistance if something has changed in your family circumstances such as loss of job or other drastic changes in your family's financial situation. Learn more. Applicable forms: Income Adjustment, Dependency Override, Expense Adjustment Worksheet, as well as other general financial aid forms can be found on our Resources and Forms page.
- Confidentiality of your personal information. All records and information submitted with your application for financial aid are confidential, and subject to legal requirements concerning disclosure of such information. Learn more.
- Know about the college's tuition refund policies if you have to withdraw from school after the semester begins. Learn more.
- Know what effect withdrawals will have on your eligibility for financial aid payments. Learn more.
- You have additional rights and responsibilities if you receive a Federal Perkins Loan, Federal Direct Loan or Federal Work-Study.