The office of Student Financial Services will assist in obtaining the maximum financial aid available to those who qualify. Since the majority of students enrolled in the graduate programs at Manhattan College are attending part-time, financial assistance is limited. To be eligible for financial assistance, a student must be matriculated and attending at least half-time (six credits per semester). To be considered for financial aid, students must comply with the timely submission of the following:
Free Application for Federal Student Assistance (FAFSA)
The FAFSA form can be obtained from the office of Student Financial Services or by filling it out directly on the web at www.fafsa.gov. Manhattan College’s FAFSA code is 002758. The FAFSA form should be filed as soon as possible after Jan. 1 in the academic year for which the student wishes to be considered for aid.
To assist the College in determining eligibility, a graduate financial aid form is also required. Occasionally, a student may also be required to submit copies of tax returns and other proofs as determined by the FAFSA verification indicator or at the discretion of the director.
The federal student aid program performs a needs-analysis service that computes the student/family contribution toward educational costs. Manhattan College then determines financial need based on the total cost of attendance. The College establishes a full cost of attendance (COA) budget that includes tuition, fees, room and board, books, transportation and personal/miscellaneous expenses. The office of student financial services deducts the family contribution as determined by the FAFSA from the COA to arrive at an amount. A Financial Aid Award Letter will be sent to advise students of eligible aid types. Typical financial awards might include:
Subsidized Federal Direct Stafford Student Loan
A matriculated graduate student may borrow up to $8,500 per year depending on need as determined by the FAFSA. Interest and repayment begin six months after graduation or after six months of failure to enroll at least part-time.
Unsubsidized Federal Direct Stafford Student Loan
A matriculated graduate student may borrow up to $12,000 per year depending on need as determined by the FAFSA. Under this program, borrowers are responsible for interest that accrues while attending school.
Graduate PLUS Loans
A matriculated graduate student is eligible to borrow under this additional program to meet the costs of attendance if they have exhausted their Federal Direct Stafford annual limit or aggregate limit. Students are advised to meet with a financial aid counselor for a review of eligibility.
Note: Maximum eligibility for these federal loans is $20,500 per academic year. However, the loan amount may be limited to cover only the cost of attendance as determined by the guidelines above. First-time borrowers at Manhattan College must submit a Master Promissory Note (MPN) and complete Online Entrance Interview Counseling. Links are available at www.sfs.manhattan.edu.