financial aid

Financial Aid Disbursement Information

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CUNY offers three different ways for students to receive financial aid payments. Choose one of the payment methods below.

CUNY Scholar Support Prepaid Card

Financial aid grant, loan and work-study payments are automatically deposited to a prepaid MasterCard® card on the scheduled disbursement date. This card is accepted at any store or ATM where MasterCard debit cards are accepted.

Learn more about this option and enroll to receive your card at the CUNY Scholar Support Prepaid Card page.

Direct Deposit

Funds are electronically deposited into your own personal checking or savings account on the scheduled disbursement date.


If you do not choose Direct Deposit or CUNY Scholar Prepaid Card, your financial aid payments will be made in the form of a check and mailed to your home address on the scheduled disbursement date. We recommend one of the electronic options listed above to receive your financial aid payments fast and secure.

Be informed

  • Be sure to keep your mailing address current on CUNYfirst and with both the Registrar and the Financial Aid Office. Checks with incorrect addresses will be returned and voided. The check(s) will be reissued in the next available payment date.
  • If you don't receive an expected check within 14 days of the scheduled disbursement date, or if your check is lost or stolen, contact the Financial Aid Office immediately.
  • If you wish to cancel all or a portion of your loan, you must inform the school within 14 days after the day you receive notification your loan was processed from Bronx Community College.
  • If you owe money to the college, your check may be voided or your electronic deposit reversed to make appropriate deductions to your outstanding bill. As a result, your payment may not be available on the regular scheduled payment date but on the next scheduled payment date depending on the financial aid program.

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