Financial aid is available to undergraduate and graduate students who have been accepted and enrolled as matriculated students in a degree program at Pace University. Students must also be enrolled for at least 6 credits, making satisfactory academic progress, and file a Free Application for Federal Student Aid (FAFSA) to receive most types of financial aid.
International students are not eligible for federal financial aid and are not required to file a FAFSA. Non-degree seeking students are not eligible for federal, state, or institutional aid, however they may apply for alternative loans.
All students who wish to be considered for University administered loans, work study, and grants must file the Free Application for Federal Student Aid (FAFSA) with the federal processor. The priority deadline for filing the FAFSA is November 15th. Some types of aid will be unavailable to students who file after the priority deadline.
For institutional and federal aid, you must file the FAFSA. For more information, visit the FAFSA website. If you are a New York State resident, you must file the FAFSA and also complete the New York State Student Aid Payment application. For more information, visit www.HESC.ny.gov.
In order to have your FAFSA information forwarded to Pace University for financial aid consideration, you will need to provide our school code. Use only one of our codes: New York City Campus - 002791; Pleasantville Campus - 002792; White Plains Campus - 002727.
Yes, a FAFSA must be completed each year. Remember to file by November 15th for consideration for all types of aid.
If your family circumstances remain unchanged, you maintain Satisfactory Academic Progress and all paperwork is completed in a timely manner, your financial aid package should be comparable for your four years here at Pace University. However, many factors affect your eligibility and the availability of aid. Please read the entire Financial Aid section of this catalog for more detailed information.
Eligibility for Pace University Scholarships are determined during the admissions process, based on your academic achievements.
In addition, Pace University has limited endowed funds which have specific criteria associated with the awarding of funds. Please visit the Endowed Scholarship section under Scholarships and Grants on our website for more information.
The terms of the outside scholarship will determine if your financial aid needs to be adjusted. Please provide the Financial Aid Office with a copy of your outside scholarship award letter so that your financial aid package can be reviewed.
All students who file a FAFSA, are entitled to Federal Direct Loans IF they:
Your loan amounts are determined by your grade level/number of credits completed each year.
The loan amounts that Dependent students borrow are:
| Classification | Amount | Comment |
|---|---|---|
| Freshman (0-31 credits earned) | $5,500/year | (up to $3,500/year may be in Subsidized loans) |
| Sophomore (32-63 credits earned) | $6,500/year | (up to $4,500/year may be in Subsidized loans) |
| Junior (64-95 credits earned) | $7,500/year | (up to $5,500/year may be in Subsidized loans) |
| Senior or 5th year (96 or more credits earned) | $7,500/year | (up to $5,500/year may be in Subsidized loans) |
The aggregate loan limit for dependent undergraduate students is $31,000 (maximum of $23,000 from Subsidized loans)
The loan amounts that Independent students may borrow are:
| Classification | Amount | Comment |
|---|---|---|
| Freshman (0-31 credits earned) | $9,500/year | (up to $3,500/year may be in Subsidized loans) |
| Sophomore (32-63 credits earned) | $10,500/year | (up to $4,500/year may be in Subsidized loans) |
| Junior (64-95 credits earned) | $12,500/year | (up to $5,500/year may be in Subsidized loans) |
| Senior or 5th year (96 or more credits earned) | $12,500/year | (up to $5,500/year may be in Subsidized loans) |
The aggregate loan limit for independent undergraduate students is $57,500 (maximum of $23,000 from Subsidized loans)
Parents of dependent undergraduate students are eligible to assist in financing their children's education by obtaining a federal parent loan. This is a low interest educational loan where repayment begins 60 days after the second disbursement of the loan, or the loan repayment may be deferred based on a student’s half-time enrollment. Parents are eligible to borrow the difference between the cost of attendance and the student’s other financial aid.
A Master Promissory Note can be completed electronically at https://studentaid.gov/mpn/ or visit www.studentloans.gov.
You may complete this federal requirement online at https://studentaid.gov/entrance-counseling/.
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2022-2023 Undergraduate Catalog
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