Welcome to the Office of Financial Services

The key to financing a college education successfully is to determine a budget. The student budget is defined as the number of dollars a student needs to attend the City University of New York (CUNY) for one year. It is composed of direct educational expenses (tuition, fees, books) and indirect educational expenses (housing, food, transportation, & some personal expenses). CUNY has established two standard budgets: (l) students living with parents and (2) students living away from parents.

Balanced against the student’s budget is the Expected Family Contribution (EFC). The EFC is calculated by the need analysis system that is established by Congress. The EFC is defined as the number of dollars that the student and his/her family can contribute towards the budget.

To obtain each student’s need, the EFC is subtracted from the budget established for that student. The need establishes the maximum amount of dollars that can be awarded from all financial aid programs.

The most common sources of financial aid for students at Queensborough Community College are:

• The New York State Tuition Assistance Programs*
  • Tuition Assistance Program
  • Supplemental Tuition Assistance Program
  • Part-time TAP/Aid for Part-time Study
• Federal PELL Grant Program*
• Campus-based Federal Aid Programs*
  • Federal Work-Study
  • Federal Supplemental Educational Opportunity
  • Federal Perkins Student Loan
• DIRECT LOANS (formerly federal family education loans)*
  • Federal Stafford Loans
    • Subsidized Stafford Loan
    • Unsubsidized Stafford Loans
  • Federal Parent Loan for Undergraduates
• Scholarship Offerings