Financial Aid Disbursement Information
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 MasterCardÂ® 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.
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.