General Contact Information
Baruch College, Financial Aid
One Bernard Baruch Way,
New York, NY 10010-5585
151 25th Street, Room #880
Graduate Financial Aid Information
We are thrilled that you chose Baruch College to further your educational career! The Office of Financial Aid offers graduate and professional students enrolled in degree programs federal aid to assist them in funding their college education. Below is a list of financial aid options available to you and your next steps to successfully apply.
Types of aid available to Graduate and Professional students
- Eligible students may borrow up to $20,500 per award year
- There is no requirement to demonstrate financial need as long as you are within your Cost of Attendance (COA)
- Interest accrues during your enrollment
- Must be enrolled and attend at least half-time each semester to qualify
For your loan history, loan servicers and enrollment, visit https://www.nslds.ed.gov
- Eligible students who have exceeded their maximum unsubsidized loan amount of $20,500 and need additional funds to meet their Cost of Attendance (COA) may apply
- A credit check will be performed during the application process
- If you have an adverse credit history, you must obtain an endorser
For additional information loan information, visit https://studentaid.ed.gov
- Provides part-time employment for students with financial need
- Work-study can be requested through the FAFSA
- This grant is awarded on a first come, first serve basis, so be sure to file your FAFSA early
- Must request your interest in work-study on your FAFSA
For Graduate Assistantships, Fellowships and Scholarships, please contact the prospective graduate program that you will be attending.
Educational Alternative Loans
- Private loans are offered by independent loan servicers
- Eligibility for private loans depends on you and/or your cosigner’s credit score
- The interest rates charged on private loans can be either fixed or variable, depending on the loan, and may be higher than interest rates for Federal Direct Loans
How to apply for Financial Aid
- File a FASFA (Free Application for Federal Student Aid)
Filing your FAFSA determines eligibility for Federal Loans and Federal Work-Study. Submit your 2016-2017 FAFSA online at www.fafsa.ed.gov using Baruch College Federal Code: 007273. Use your FSA ID to electronically sign the FAFSA and allow at least 5 business days for Baruch College to receive your application. You will receive an email with your SAR (Student Aid Report) from FAFSA within this time. Be sure to review your SAR and make any corrections if necessary.
- Review your CUNYfirst account
After 5 business days, review your CUNYfirst account at https://home.cunyfirst.cuny.edu/oam/Portal_Login1.html. Navigate to ‘Self-Service’ followed by ‘Student Center’. Review your ‘To do list’ items. If there are any Financial Aid ‘To Do List’ items, complete these requirements as soon as possible.
- Enroll for courses
You must be accepted at Baruch College as a degree-seeking student and enroll for at least 6 credits (graduate level) each semester to be considered for federal aid.
*Advanced Certificate programs do not qualify for federal aid.
- Review your Cost of Attendance (Financial Aid Budget)
Your cost of attendance or ‘Financial Aid Budget’ is used to determine the maximum amount of financial aid (including federal loans) a student may receive during an award year. The cost of attendance includes tuition and fees; housing; and allowances for books, supplies, transportation, meals and loan fees.
*A student’s budget can increase or decrease based on the number of credits enrolled per semester (summer, fall and spring.)
- To review your personal Cost of Attendance (Estimated Financial Aid Budget)
Login to CUNYfirst at https://home.cunyfirst.cuny.edu/oam/Portal_Login1.html. Navigate to ‘Self-Service’ followed by ‘Student Center’. Click on ‘View Financial Aid’ under the ‘Finances’ section and select ‘2017’ followed by ‘Full-Yr Financial Aid Summary’. For a breakdown of your cost of attendance, click the link to your ‘Estimated Financial Aid Budget’.
Please note: The amount of your ‘Estimated Financial Aid Budget’ is the maximum amount that you are permitted to request in any combination of (Unsubsidized, Graduate PLUS and Alternative) loans. Scholarships and grants are also taken into consideration.
Federal Direct Unsubsidized Loan Checklist:
- Complete the initial steps above: file a FAFSA; complete any ‘To-do List’ items on CUNYfirst; enroll and attend at least 6 credits per semester
- Complete an Entrance Counseling Session (first-time Baruch College borrowers ONLY) and a Master Promissory Note Sub/Unsub option (first-time borrowers ONLY) at www.studentloans.gov
*2016-2017 Federal Direct Loan Disbursement Dates
*Disbursements occur on a weekly basis after the first earliest date for each term listed above.
Accepting, Decreasing, or Declining a Federal Direct Unsubsidized Loan for Fall 2016 and Spring 2017
All eligible graduate students will be offered the maximum unsubsidized loan automatically on CUNYfirst. Students will have the option to accept, decrease, or decline their fall 2016 and spring 2017 loan amount on CUNYfirst.
- Login to CUNYfirst.
- Navigate to Self-Service followed by Student Center
- In the Finances section, click Accept/Decline Awards
- Select aid year ‘2017’ (Baruch College)
- Check the appropriate box to either ‘accept’ or ‘decline’ your loan amount
- If you do not wish to accept your full loan amount, click on the award and reduce it to the dollar amount you would like to accept.
Note: Your total loan amount will be disbursed equally for each semester.
Modifying your Federal Direct Unsubsidized Loan
To adjust your offered loan amount and/or loan period you must submit a 2016-2017 Direct Loan Change Form. This form is also required in the event you would like to cancel a loan, increase a loan you originally reduced or would like a loan for one semester only. All one semester loans will be prorated for up to the maximum cost of attendance and all loans processed for 3 semesters will be distributed equally.
Please allow 3-5 business days for your loan change form to be processed. If you received your loan funds before your request to decrease the amount was processed, you can return the funds to the Bursar’s Office as soon as possible.
Graduate/ Professional Students requesting a 2016-2017 Summer Loan ONLY
Graduate students will only be packaged an unsubsidized loan for the academic year, fall 2016 and spring 2017. If you are graduating at the end of summer 2016, you will not be auto packaged for unsubsidized loans. Instead you must submit a 2016-2017 Graduate Federal Direct Unsubsidized Loan Application (For Summer 2016 ONLY). Please allow 3 to5 business days for your loans to be processed.
Submitting a Graduate PLUS Loan
Eligible graduate students who need to borrow more than the maximum unsubsidized loan of $20,500 to meet their education costs, may apply for a PLUS loan. Before submitting the application, you must apply and be approved for the maximum limit of $20,500 in unsubsidized loans for the 2016-2017 academic year. A Master Promissory Note for the Graduate Plus option must also be completed at www.studentloans.gov.
To submit a PLUS loan application, please click here.
Satisfactory Academic Progress (SAP)
All graduate students with attempted credits of 0.5 or more credit hours are required to maintain a minimum 3.0 cumulative GPA. To satisfy the pace of progress, graduate students must earn 2/3 of the total credit hours attempted. For additional information on SAP, click here.
E-mail email@example.com should you have additional questions regarding loans and borrowing!