Bulletin - John Jay College Of Criminal Justice - CUNY

FINANCIAL AID
for their dependent undergraduate. The maximum that can be
borrowed is equal to the cost of attendance minus any other financial
aid received. Interest accrues while the student is in school. There is
an origination fee of 4 percent of the loan principal that will be
deducted proportionately from each loan disbursement. The interest
rate is currently 7.9 percent. There is no grace period.
Application process: Students who wish to apply for a Direct
Loan must first submit their FAFSA application and then must
complete a Direct Loan entrance counseling session on the web.
The Federal Direct Loan application can be filed electronically
through the CUNY Portal at www.cuny.edu. Students must login
in order to submit the application.
Alternative Loans
These loans of last resort are private lender loans for students who
may not be eligible for Federal Direct Student Loans or for students
who are eligible and need additional funds to help meet additional
educational expenses including tuition and housing. The amount that
a student may borrow is limited to the “cost of attendance” as
determined by federal approved standard budgets. All applicants are
subject to credit review and/or may require a co-signer. Students
who do not have eligible citizenship status for federal financial aid
may borrow an Alternative Loan if they have a co-signer with
eligible citizenship status. Interest is variable and may be as high as
18-21 percent.
Application process: Students who wish to apply for an Alternative
Loan must also submit a FAFSA application prior to application for
the loan.
SCHOLARSHIPS
John Jay College of Criminal Justice offers various scholarships and
special opportunities to support our entering and continuing students.
Institutional scholarships (those granted by the College) are generally
based on strong academic work, community service and a
commitment to public service. External scholarships and other
special opportunities are available to further support your academic
success. For the most current information concerning scholarships
and other special opportunities, please visit:
http://www.jjay.cuny.edu/scholarships.php.
New York State Scholarships for Academic Excellence
This program provides scholarship assistance to outstanding
New York State high school graduates. Each year, 8,000
scholarships are awarded — up to 2,000 scholarships of $1,500
and 6,000 scholarships of $500 to top scholars from registered
New York State high schools. Awards are based on student
grades in certain Regents exams. Recipients can also receive
other non‐loan student aid, but the total cannot exceed the cost of
attendance. To apply, students should see their high school
guidance counselor.
Peter F. Vallone Academic Scholarship Award
New York City high school graduates with a B average or higher
who are accepted to CUNY may be eligible for this scholarship,
which is funded by the New York City Council. The award is
available to students who enroll full‐time at any of the 17
undergraduate colleges at CUNY within a year of graduating from
a public or private New York City high school. Awards are
currently funded at $1,000 per year and are renewable for the
length of the degree program, as long as the student continues to
meet eligibility criteria.
TUITIONPAY MONTHLY PAYMENT PLAN
1-866-267-CUNY or www.TuitionPay.com/cuny
The City University of New York and John Jay College have
developed a monthly payment plan to help students finance their
education. Under this plan, students pay their tuition in monthly
installments. There is no interest, no finance charges, only a low
annual enrollment fee. Information is available at the Financial Aid
Office, by phone or online.
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