Graduate Student Loan
Loans to support graduate school expenses.
Loans to support graduate school expenses.
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.
