Cuny queens Colleg

The following is a listing of financial
aid programs available to graduate stu-
dents:
New York State Programs
Tuition Assistance Programs (TAP)
Federal Programs
Federal Perkins Loan
Federal Direct Loans (formerly Guar-
anteed Student Loan)
Federal Work-Study Program
Veterans Administration Educational
Benefits
Queens College Programs
Emergency Loan Funds
Adele Fox Book Loan Fund
Graduate Fellowships and Assistant-
ships
Tuition Waivers
Financial aid programs are subject to
change. Additional state and federal
assistance may be available to limited
numbers of students. For more infor-
mation, contact the Financial Aid
Office.
NEW YORK STATE PROGRAMS
Note: Where a question of eligibility
exists, contact the Financial Aid Office
for information and assistance.
Tuition Assistance Program (TAP)
Application Procedures
Applicants must apply annually to the
New York State Higher Education Ser-
vices Corporation (HESC), Tower
Building, Empire State Plaza, Albany,
NY 12230. The application deadline for
the 1996-97 academic year is May 1,
1997. Applications are available in the
Financial Aid Office.
Before submitting the application,
review it with a College financial aid
officer if you have questions relating to
completion of the application.
The Higher Education Services Cor-
poration determines your eligibility and
mails an award certificate directly to
you indicating the amount of your
grant. Present the Institutional Copy of
the award certificate at the time you
pay tuition. The College may defer
tuition payment on the basis of receipt
of the award certificate.
Selection of Recipients
TAP is an entitlement program. There
is neither a qualifying examination nor
a limited number of awards. You must: 
1. be a New York State resident for
one year and a U.S. citizen, permanent
resident alien, or paroled refugee; 
2. be enrolled full-time and matricu-
lated; 
3. have, if dependent, a family net
taxable income below $20,001, or if
independent and single with no tax
dependents, a net taxable income below
$5,667; 
4. be charged a tuition of at least
$200 a year; 
5. be in good academic standing.
Applicants will be excluded from this
program if they are in default in the
repayment of a student loan.
The maximum TAP award for grad-
uate students is $550 per year, the
minimum $75. Graduate students may
receive TAP for eight semesters.
Academic Standing
Students who received their first TAP
award in 1981-82 or thereafter, must
meet the program pursuit and academ-
ic progress requirements to be consid-
ered in good academic standing. The
penalty for loss of good standing is sus-
pension of the award.
Waiver
A graduate student may be granted a
waiver of the TAP pursuit and progress
requirements once. If a waiver is grant-
ed, the student can continue to be eligi-
ble for TAP for that semester only and
must then meet the requirements to be
eligible for further payments.
FEDERAL PROGRAMS
To be eligible for the federal Title IV
student financial aid programs (Per-
kins, Federal Direct Loans, and FWS),
a student must:
1. be enrolled at least half-time as a
matriculated student;
2. be a U.S. citizen or an eligible
noncitizen;
3. show evidence of need;
4. be making satisfactory academic
progress toward a degree;
5. not be in default on any student
loan, or owe a repayment of a PELL or
Supplemental Educational Opportunity
Grant;
6. file a statement of Selective Ser-
vice Registration Compliance with the
Financial Aid Office prior to being
awarded federal aid.
Satisfactory Progress Standard
In order to be making satisfactory
progress toward a degree, for purposes
of receipt of Title IV Federal Student
Assistance, a graduate student must
meet Graduate Division requirements
concerning grade-point average, as
explained in the section Required
Grade Average, Probation, and Dis-
missal (page 
25
) and have accumulated
credits toward the degree greater than
or equal to 18 credits multiplied by the
cumulative full-time equivalent years
of enrollment.
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TAP Program Pursuit
Minimum Credits You Must Complete
To Be Eligible for TAP Payment No.
*
in Prior Payment Semester
2
6
3
6
4
9
5
9
6 to 16
12
Academic Progress for Students in Graduate Programs
Minimum Cumulative
Minimum
Credits Earned Through
Grade-Point Average
To Be Eligible for
Last Semester
Through Last Semester
TAP Payment No.
of Attendance
of Attendance
2
6
2.2
3
12
2.5
4
21
2.75
5
30
3.0
6
45
3.0
7
60
3.0
8
75
3.0
* This includes successful completion of credit-equivalent work. The number of payments includes
undergraduate payments, if any.

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The maximum number of full-time
equivalent years allowable for comple-
tion of a degree for purposes of receipt
of Title IV Federal Student Assistance
will be equal to the program length in
credits divided by 18.
Students will be measured against
the satisfactory progress standard at
the end of the Spring term to determine
their eligibility for receipt of funds for
the upcoming year.
Federal Perkins Loan Program
Application Procedures
Application is made through Queens
College. For the 1996-97 year, a stu-
dent enrolled at Queens College can
apply for a loan by completing a free
application for Federal Student Aid
(FAFSA), which is available in the
Financial Aid Office.
Selection of Recipients
Loans are available to matriculated
students enrolled at least half-time who
meet the eligibility criteria listed above.
Awards
Amounts that may be awarded by
CUNY for an academic year range from
$300 to $3800.
The maximum amount that may be
borrowed under the Federal Perkins
Loan Program is $18,000 for graduate
study, which includes any amount bor-
rowed for undergraduate study.
The current interest rate, payable
during the repayment period, is 5% on
the unpaid principal. Repayment
begins nine months after you graduate,
leave school, or are enrolled less than
half-time, and may extend over a period
of 10 years. If you received a Perkins
loan prior to July 1, 1987, repayment
begins six months after you graduate,
leave, or drop below half-time atten-
dance.
For additional information about
repayment schedules, deferral, and
cancellation of repayment, contact the
Financial Aid Office.
Federal Direct Loans Program
(formerly Guaranteed Student
Loan Program)
Application Procedures
You should obtain a loan application
from a participating lending institution
(bank, credit union, etc.) in your area of
permanent residence. Present the com-
pleted application to the Financial Aid
Office. The application is then certified
by the College, routed to the lending
institution and/or to the State Guaran-
tee Agency for final approval.
A pre-loan interview is required.
Selection of Recipients
To be eligible for a Federal Direct Loan,
you must meet the eligibility require-
ments listed above. All students must
complete a FAFSA to determine need
for the loan.
Loan Schedule
A graduate student may borrow up to
$8,500 per academic year under the
Federal Direct Loans Program, up to a
combined total of $138,500 including
any loan for undergraduate study. The
amount you borrow is limited to the
cost of education at Queens College
minus other financial aid you may
receive and your expected family contri-
bution.
The interest rate for new borrowers
after July 1, 1988, is 8% for the first
four years of repayment and 10% for
the remainder. (Borrowers with loans
prior to July 1, 1988, will continue to
borrow at the original rate of 7%, 8%,
9%.) You are eligible for a full interest
subsidy during the time you are in
school and for six months after you
cease to be at least a half-time student
(nine months if you have a 7% loan).
During this time the interest on the
loan is paid by the federal government.
You are responsible for payment of the
5
1
⁄
2
% origination fee plus an insurance
premium that is taken as a direct
deduction when the loan is made.
For more detailed information about
repayment schedules and procedures,
contact the Financial Aid Office.
Federal Work-Study Program (FWS)
Application Procedures
Application is made through Queens
College on the FAFSA.
Selection of Recipients
The College must make employment
reasonably available to all eligible stu-
dents. In the event that more students
are eligible than there are funds avail-
able, preference is given to students
who have a greater financial need and
who must earn a part of their educa-
tional expenses.
Awards
The College arranges jobs on and off
campus, with public or private nonprof-
it agencies, such as hospitals, for up to
20 hours per week during the academic
year and 35 hours per week during the
Summer.
The level of salary must be at least
the minimum wage; wages higher than
the minimum depend on the nature of
the job and the qualifications of the
applicant.
Satisfactory academic progress must
be maintained as well as satisfactory
performance on the job.
Veterans Administration (VA)
Educational Benefits
Application Procedures
Application forms are available at all
VA Offices, active duty stations, and
American embassies. Forms completed
by the Registrar’s Office are submitted
to the regional VA Office.
Educational benefits are available
through the Veterans Administration
under the following programs:
New GI Bill (Chapter 30): For service
persons who entered active duty
between July 1, 1985 and June 30,
1988.
Vocational Rehabilitation (Chapter 31):
For veterans who have at least a 10%
disability as a result of active service.
Veterans Contributory Benefits (VEAP)
(Chapter 32): For veterans and service
persons who entered active duty after
December 31, 1976.
Dependents Educational Assistance
Benefits (Chapter 35): For spouses and
children of veterans whose death or
total, permanent disability was service
connected.
QUEENS COLLEGE PROGRAMS
Emergency Student Loan Funds
Students may borrow small amounts to
cover emergencies for a short time and
pay no interest. In general, loans are
limited to $50 and $100 and are to be
repaid within 30 days. Apply in person
at the Financial Aid Office. Approved
loans usually may be obtained in two
days.
Adele Fox Book Loan
Students may borrow up to $150 per
semester to purchase books at the
Queens College Store and repay from
their financial aid award.
Graduate Partial Tuition Waiver
Matriculated graduate students carry-
ing six or more graduate credits a term
may apply for a partial tuition waiver
based on financial need. Students must
complete the FAFSA.
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