Financial Aid

Overview 

The graduate program is able to provide limited financial assistance, in the form of scholarships and fellowships, to students whose personal financial resources are insufficient to meet the expenses of graduate study. Funds for scholarships and fellowships are limited, and awards typically will meet only a small part of a student’s expenses. Financial aid is administered by the Bard College Office of Financial Aid. 

Eligibility for financial aid is determined each year by the demonstration of financial need. Financial need is assessed by a uniform method, using financial data provided by the student on the Free Application for Federal Student Aid (FAFSA). The FAFSA form should be filed electronically at www.fafsa.ed.gov as soon after January 1 as possible and no later than February 1. 

Students whose admission and financial aid applications are complete by February 1 will be notified of financial aid awards by March 31. 

In addition to financial aid offered by CCS Bard, students who are U.S. residents may apply for federal loans. As of 2010, the New York State Tuition Assistance Program is no longer available for graduate students. Application procedures for financial aid from CCS Bard along with federal loan programs are described below. 

Center Scholarships and Fellowships

The graduate program offers significant scholarship and fellowship awards on the basis of need, as determined annually by the federal government and Bard College. CCS Bard fellowships are awarded on the basis of achievement and promise, as determined by the Graduate Committee in its review of applications for admission. Scholarships are awarded on a year-to-year basis. Students may also apply for federal loans. 

Federal Direct Loans 

Federal Direct Loans are available as subsidized or unsubsidized loans. To qualify for a subsidized loan, the student must demonstrate financial need. The federal government pays the interest on the subsidized loan while the student is enrolled; the student begins repaying the loan principal and paying interest six months after he or she ceases to be enrolled. A student may qualify for an unsubsidized loan regardless of need. The student is responsible for paying interest on the unsubsidized loan while he or she is enrolled. Interest payments begin accruing sixty days after the loan is disbursed. As with the subsidized loan, repayment on the loan principal begins six months after the student ceases to be enrolled. Payments on interest and principal of an unsubsidized loan may be deferred, but interest will accrue and compound. The federal processor requires that a student first apply for a subsidized loan before applying for an unsubsidized loan. 

A student may borrow up to $8,500 annually through the basic Federal Direct Loan program. A graduate student may be eligible for a supplemental, unsubsidized loan (in addition to his or her basic subsidized or unsubsidized loan) for an amount up to $12,000 annually (over and above the $8,500 in the basic Direct program), provided that the total amount of assistance does not exceed the cost of the graduate program. 

The procedures for filing for a loan will be explained when the student is notified about eligibility. Procedures for loan disbursements will be explained when loans are approved. 

Federal PLUS Loans

Graduate students can now access the Federal PLUS Loan Program to cover the portion of the cost of education not covered by other financial aid. This loan is guaranteed by the federal government and may be deferred while the student is enrolled at least half-time. A credit check is required. 

Financial Aid Applications

If you are a U.S. citizen and you wish to apply for financial aid, you will need to fill out the following forms:

1. Free Application for Federal Student Aid (FAFSA)

2. CCS Bard U.S. Citizen Financial Aid Application (This requirement is part of the online application process.  You will not need to fill out a separate form.)

If you are not a U.S. citizen and you wish to apply for financial aid, you will need to fill out the following forms:

1. International Student Financial Aid Application

2. International Student Certification of Finances

3. CCS Bard Non-U.S. Citizen Financial Aid Application (This requirement is part of the online application process. You will not need to fill out a separate form.)

To be eligible for federal student aid, applicants must not be in default of repayment of federal student loans or owe refunds on federal student grants. 

Awards of financial aid are made without reference to age, color, ethnic or national origin, gender, handicapping conditions, marital status, race, or sexual orientation.