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Student News

Important Financial Aid Links & Numbers

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  Phone  Link 
For your Pell application status, to order a duplicate SAR, or general information about Federal Aid (800) 433-3243 www.fafsa.ed.gov/ 
Information about CUNY TAP application, Stafford Loans, TAP or Loan status (888) 697-4372 www.hesc.ny.gov 
Selective Service (847) 688-6888 www.sss.gov 
VA Education Benefits (888) 442-4551 www.gibill.va.gov/ 
Report the grant fraud to Ed. Dept's Office of Inspector General (800) 647-8733 oig.hotline@ed.gov  
Report the fraud to the Federal Trade Commission (FTC) (877) 382-4357 www.consumer.ftc.gov 
FTC teletype for the hearing impaired (866) 653-4261  


Student Loans

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Perkins Loan

All students who have been awarded a Federal Perkins Loan for 2013-14 must submit an electronically signed Promissory Note and take the online Pre-Loan Entrance Interview before a check can be issued. Follow these three steps:

  • Log on to www.lagcc.cuny.edu/financial-aid/links  
  • Click on Entrance Interview and Master Promissory for Perkins Loan to start
  • Print the confirmation page upon completion and submit it to Mr. Stanley Rumph in room C107 for final approval.
  • Sign and submit the Promissory Note electronically (online) only.

Direct Loan

All students applying for a Federal Direct Loan must submit an electronically signed Master Promissory Note and complete the Department of Education's online Entrance Counseling.

Follow these five steps:

  • Sign in to www.studentloans.gov. If you do not have a PIN, you can request one at www.pin.ed.gov.
  • Click Complete Master Promissory Note to submit your electronic signature for the applicable document.
  • Then click Complete Entrance Counseling to start a short quiz.
  • Print out the Rights and Responsibilities page and sign it.
  • Bring the signed Rights and Responsibilities page within 30 days to Student Financial Services in room C-107 to complete your loan request.

Once the Master Promissory Note is completed, you will receive a Disclosure Notice from the Department of Education approximately 10 days before the scheduled disbursement date. The Disclosure Notice will indicate the approved gross loan amount(s), fees, net loan amounts, and anticipated disbursement dates. All loans are disbursed in at least 2 disbursements.

Don’t Default

If you default on your student loan you will face the following serious consequences:

  • Your loan will be reported to national credit bureaus and it will damage your credit rating
  • A defaulted loan has a negative affect when you try to purchase a home or a car
  • Legal action can be taken against you
  • Your wages can be garnished
  • Your income tax refund can be withheld
  • You may not be eligible for additional student aid.

Student Loan Repayment Options

For more information on repayment options on student loans, visit www.nslds.ed.gov for Federal Direct Student Loans; or www.ecsi.net for Perkins Loans.

Exit Counseling Required

As a federal regulation, you must complete an Exit Counseling/Interview if you are graduating, drop below 6 credits, or are leaving LaGuardia Community College, and you have an outstanding Perkins or Direct Loan. If you do not complete the interview, your school records, including your academic transcript and diploma will not be released until you complete this requirement. The Exit Counseling/Interview serves to remind you of your rights and responsibilities, and gives you an opportunity to speak with a financial aid counselor about any questions that you may have regarding your loan.

Perkins Loan Borrowers may complete the Exit Interview online at www.lagcc.cuny.edu/financial-aid/links/.

Direct Loan Borrowers may complete the Exit Counseling online at www.nslds.ed.gov.

Federal Work Study

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Check your Financial Aid award letter (sent to your LaGuardia LIVE email account) to learn if you were awarded Federal Work Study. If you receive an award for 2013-2014, you can earn money by working on- or of-campus and obtain valuable work experience.

First-time participants to the programs are required to attend an orientation. Sign-up is in room C109.
Returning participants of the program must renew their Federal Work-Study contract, also in room C109.

Join us for our 4th Annual Federal Work Study Job Fair on
Wednesday, September 25, 2013 in the Poolside Café

New College Discovery Students

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Bring your Student Aid Report (SAR) to the Student Financial Services Center immediately. If you do not, you may lose money for which you may be eligible.

Program eligibility:

  • Must be full-time
  • Complete the 2013-2014 FAFSA, including the TAP application
  • Submit all income information (tax return transcripts, W2s, 1099s, etc.)
  • New students for Fall 2013 must have their economic eligibility verified prior to the start of classes.

If you have any questions, please contact Arianna Pina in C113.

Visit the Resource Center

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At the Resource Center located at C109, you can file your electronic FAFSA, TAP application, obtain a PIN number, request IRS tax transcripts, apply for a LaGuardia Foundation Scholarship, and complete the Federal Work Study Orientation.

Dependent Student(s): Living with Parents/under 24 years of age

  • Parent’s 2012 Income Tax returns and all W-2 forms
  • Parent’s Marital status, if married, date is required
  • Parent’s Social Security number and date of birth
  • Savings or Checking account balance
  • If Parent’s Own/Rental Property, must have property value (Schedule E, Net Value) Student(s)
  • Student Social Security number.
  • Student Income tax returns for 2012, if any.
  • Student Citizenship proof (If student has green card or asylum number).
  • If Income from Foreign Country, provide proof.

Independent Student(s): Over 24 Years of age or married or claiming a dependent

  • Student/spouse social security number
  • 2012 Income tax returns and W-2 forms
  • If eligible non-citizen (green card or asylum number)
  • If Own/Rental Property, must have property value (Schedule E, Net Value)
  • Savings or Checking Account balance

The IRS Data Retrieval Tool on the FAFSA

The IRS Data Retrieval Tool makes it easier to complete your FAFSA application by authorizing the IRS to release the necessary income information to populate the application. You will have the option to use the IRS Data Retrieval Tool when you fill out the application. To use the tool, all parties must have filed their 2012 tax return at least two weeks prior to filling out the FAFSA.

Students who don’t use the IRS Data Retrieval Tool and are selected for verification will be required to provide an IRS Tax Transcript.

Obtaining IRS Tax Return Transcripts

To obtain an IRS Transcript you must request it online at www.irs.gov or by calling 1-800-908-9946. Transcript should arrive within 5-10 business days after it is available for processing.

The Book Advance Program

Students eligible for Pell in Fall 2013 may receive a book advance check if they submitted their FAFSA by August 1, 2013 and there is a balance on record after tuition and fees are deducted.

You may use this advance (a partial refund of your Fall 2013 Pell Grant) to buy your books for the semester.

A check will be generated and sent to you via mail, direct deposit to your bank account or deposited onto your CUNY Scholars support card.

Check disbursement dates are:

  • September 5 for eligible students with records processed by July 15, 2013
  • September 11 for eligible students with records processed by August 1, 2013

For the full list of Fall 2013 Pell disbursement dates please visit LaGuardia’s financial aid page at www.lagcc.cuny.edu/sfs. 

Receiving Your Refund Checks

Avoid lost checks and delays by signing up for the CUNY Scholar Support Prepaid Card or direct deposit.

CUNY Scholar Support Prepaid Card

This is not a credit card. It’s a prepaid MasterCard accepted at any store or ATM where MasterCard debit is accepted. Student payments will be automatically deposited to the card and can be used immediately.

Sign up for the CUNY Scholar Support Prepaid Card at www.cuny.edu/scholarssupport or in the Student Financial Services Resource Center.

Direct Deposit through Any Bank

Arrange your Financial Aid to go directly to your bank account. Simply complete and submit the Direct Deposit Request/Authorization Form to the Bursar Window in room MB55.

Forms are available at the Bursar window and online at www.laguardia.edu/Financial-Aid/forms-to-download 

Avoid a Pell Overpayment: Effects of Withdrawing on your Title IV Aid
Withdrawal period begins September 24, 2013

If you withdraw from one or more of your classes after the first day of classes but before the official withdrawal date (listed in the schedule of classes) and remain with at least 1.0 tuition unit through 5.5 tuition units, the amount of Pell funds you receive for the session will be reduced. If this amount is less than the amount you charged or credited towards tuition/fees and a book advance, the remaining balance will be due you immediately to the Bursar's Office.

Steps to Check Your Financial Aid on CUNYfirst

  1. Log in to your CUNYFirst account at www.laguardia.edu/CUNYFirst.
  2. Click to expand the Self Service options and select Student Center.
  3. Under the Finances section, click Account Inquiry.

On the Account Inquiry screen you will look for your Pending Financial Aid. You can also see your account activity, current balance after Financial Aid, a detailed list of charges, payments and refund amount.

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