The HFLS Graduate Student Loan program is currently suspended indefinitely, and HFLS unfortunately cannot accept applications from new borrowers at this time.
If you have already received a Graduate Loan from HFLS and are still enrolled in a degree-granting program: You may reapply for a second or third loan in order to finish your degree. Email to request a Graduate Loan application, and after confirming that you are a current borrower, a Loan Officer will email you an application form, guarantor forms, and a Financial Aid Assessment Form.
If you have NOT previously received an HFLS Graduate Loan: You may still be eligible to receive an HFLS General Needs Loan of up to $7,500, which can be used for any purpose including graduate school tuition and related expenses. Please click here to learn more about and apply for an interest-free General Needs Loan.

Graduate Student Loan Overview

The Graduate Student Loan Program provides interest-free loans of up to $10,000 to low- and moderate-income residents of New York City’s five boroughs, Westchester, or Long Island to help pay graduate education expenses.

HFLS Income Limits

Household Size 1 person 2 person 3 person 4 person 5 person 6 person 7 person 8 person
Household Income 107,410 122,820 138,115 153,410 165,715 178,020 190,325 202,515

A student may take one loan per academic year over up to three years that they are in school. Students must have completed a Free Application for Federal Student Aid (FAFSA).

Loans are repayable in monthly installments of $25 beginning one month after the loan is received until three months after the expected graduation date, and in monthly installments of $300 from three months after the expected graduation date until the loan is fully repaid. One loan is repaid at a time in the order in which they were taken. Monthly loan payments are made by electronic debit of a checking account.