Financial Aid
All students enrolled in the Coordinated Doctoral Program are the recipients of a pre-doctoral fellowship, which provides for complete tuition and fee coverage. For the 2003-2004 academic year, this coverage will be approximately $32,180. In addition, they will receive a stipend for living expenses of $25,000. This level of support will continue, with appropriate annual increases, for the duration of their graduate study.

Loans

All loan programs assume that the primary responsibility for financing graduate education rests with the student and his or her family. Since, as detailed above, all tuition and fees are covered by fellowship and a stipend is awarded as well, students will rarely qualify for large loans. All loan applicants must be regular degree candidates who demonstrate satisfactory academic progress and financial need. Federal aid applications often take six to eight weeks to process. For further information, consult the Financial Aid Office, 107 Low Memorial Library, 212-854-3809

Federal Subsidized Stafford Loan Program

The Federal Subsidized Stafford Loan (previously Guaranteed Student Loan) is a guaranteed, federally insured loan obtained through a bank, savings and loan association, credit union, or other participating lender, and is usually administered by a state guarantee agency. Repayment of interest and principal is deferred until after the student ceases at least half-time registration. Applications are available from participating lenders. Eligibility for a Federal Stafford Loan is limited to U.S. citizens and permanent residents and is based on an analysis of financial need, for which purpose submission of a financial statement (FAFSA) is required Federal regulations require that certain information concerning the student’s financial status be verified by the financial aid office. Therefore, each applicant is also required to submit a copy of his or her most recent federal income tax return. Complete current information concerning eligibility requirements, borrowing limits, and conditions of repayment may be obtained from the Financial Aid Office, 107 Low Memorial Library.

Federal Unsubsidized Stafford Loan Program

Federal Unsubsidized Stafford Loans are available to graduate students who are U.S. citizens or permanent residents through a participating lender (bank, savings and loan, credit union). The Unsubsidized Stafford is a federally insured loan available for those who cannot demonstrate financial need according to Federal Subsidized Stafford criteria or who need to borrow funds in addition to a Federal Stafford.

Repayment of the Unsubsidized Loan principal is deferred while the student is enrolled full time. Students may choose to pay the interest or request capitalization (the interest is added to the principal of the loan and payments are not required while enrolled as at least a half-time student). When combined with other resources, the Unsubsidized Stafford may not exceed the cost of attendance minus all other aid. Complete current information concerning eligibility requirements, borrowing limits, and conditions of repayment may be obtained from the Financial Aid Office, 107 Low Memorial Library.