Each graduate student at Pace University presents a unique situation in financing his/her education. In some cases the student has a family, in other cases a career change is anticipated, in yet other cases a student may be reimbursed by his/her employer at the end of the semester and just needs a plan on how to finance the semester until reimbursed.

Pace University recognizes that many students are unable to meet their educational expenses without some type of financial assistance. The University, to the fullest extent of its resources, is committed to helping students with financial need. In addition, Pace believes in the recognition of superior academic achievement. To achieve these goals, the University has developed a comprehensive program of financial assistance, which includes scholarships, assistantships, Federal and State financial aid programs and a choice of payment plans.

Financial aid applicants are required to file the Free Application for Federal Student Aid (FAFSA). The FAFSA form may be obtained from any of the University Financial Aid Offices. Funding priority is given to processed FAFSAs received in the Financial Aid Office by July 15 for consideration for the fall semester. Applicants planning to enter during the spring semester should have forms on file by December 1. At least six weeks should be allowed for the processing of the FAFSA by the federal processing service. Applicants must reapply each year.

Students seeking federally-funded financial aid are also required to submit a Financial Aid Transcript from all colleges previously attended.

Once the signed processed FAFSA information is received by the Financial Aid Office, the student will be informed of their eligibility for Federal and State aid through a Financial Aid Office award letter.

Graduate merit scholarships are awarded to new full-time and part-time matriculated students who demonstrate exceptional academic ability. The Scholarship Committee considers each applicant's academic record to determine the scholarship award. Scholarship recipients must register for a minimum of six (6) credits per semester.

Pace University offers a number of assistantships each year to highly qualified students. Two categories of assistantships are offered: research and administrative. Typically, research or administrative assistants will work 20 hours per week. In 1995-96 graduate assistants received stipends of up to $4,920 (nine months) and 24 credits in tuition remission. Half-time and summer assistantships are also available. Financial need is not required for selection. A Graduate Assistantship Application is included in the Graduate Application for Admission.

Assistantship applications are reviewed until May 15 for the fall semester and until November 15 for the spring semester. Applications received after May 15 and November 15 will be considered if assistantship funds are available.

The Mayor's graduate scholarship program is an exciting opportunity for full-time New York City employees who are considering undertaking graduate studies. Scholarship awards are equal to half of tuition and are offered for September admission only. Award decisions are made by the Pace University Graduate Scholarship Committee and are based on leadership potential, academic background and professional experience as presented in the Graduate Application for Admission. To obtain The Mayor's Scholarship Application and further information about the Scholarship program, contact the New York City Department of Personnel.

(The following scholarships are available to qualified matriculated students in The Dyson College of Arts and Sciences)

These scholarships have been established by Dr. Charles H. Dyson, Pace '30, and former chairman of the Pace University Board of Trustees. The Moral Obligation Scholarship Program is based on the idea that students receiving scholarship support from the University incur a moral obligation to replenish the University's scholarship fund in the future. Each generation of scholarship recipients will have a responsibility to provide at least equivalent assistance to future generations of Pace students. Replenishment of the fund, in the form of a tax deductible donation, is generally expected over a five to ten year period following graduation.

Awards from this fund are restricted to students studying in The Dyson College of Arts and Sciences or School of Computer Science and Information Systems. Scholarship amounts may range from $500 to full tuition and fees each year depending on the financial need and academic record of each applicant.

The Reader's Digest Scholarship helps support deserving students who plan to work in the field of publishing. The scholarship is awarded annually by the English Department to a student who displays academic excellence, as well as need. Students who wish to apply should fill out a financial aid form.

The Herbert K. Schnall Times Mirror Magazines Scholarships are awarded to minority students who enter the Pace University M.S. in publishing program and elect a career in publishing. Scholarships are based on merit and financial need.

The Robert Edgell Scholarship is awarded to a student who enters the Pace University M.S. in publishing program and pursues a career in specialized business publications.

The Arthur Andersen Scholarship helps support students who plan to work in the publishing field. Two scholarships are awarded each year. They are indicative of Arthur Andersen's commitment to publishing education.

The Deloitte and Touche LLP Scholarship is awarded to a deserving student entering the M.S. in publishing program. The scholarship supports the need to educate students and prepare them for the profession of publishing.

The Sherman Raskin Scholarship is given to a deserving student entering the M.S. in publishing program. The scholarship is awarded to a student who shows academic excellence as well as need.

This program provides part-time employment in non-profit organizations to qualified students who demonstrate financial need. The number and amounts of awards granted are contingent upon the level of Federal funding.

Graduate students, enrolled on at least a half-time basis, may borrow up to $8,500 per academic year from this Federal student loan program. Students who are able to demonstrate financial need for the loan are eligible for a Federal interest subsidy during the period of enrollment and for a six-month grace period after graduation or termination of half-time study. An unsubsidized loan option is available to students who are unable to show financial need. (Graduate students may borrow an additional $10,000 per year under the unsubsidized portion of the loan program.)

Students are charged a four percent fee, which is assessed on the face value of each loan. These fees are deducted by the lender prior to disbursement of funds.

All applicants, regardless of income level, are required to file the Free Application for Federal Student Aid (FAFSA).

The Financial Aid Office will issue the Promissory Note once the student indicates interest. If the student is selected for verification, the process must be completed before the account can be credited.

Repayment of the principal begins six months after graduation or after the student ceases to pursue a half-time course of study (six credits per semester). The minimum monthly installment is $50 plus interest. Interest rates for new borrowers are variable. The interest rate cap is 8.25%. Previous borrowers who are in repayment or deferment status are subject to the interest rates in effect on prior Stafford Loans. The usual repayment period is ten years, but students may extend repayment under the Consolidation Loan Program. Repayment of the whole or part of the loan may be made in advance at any time without interest penalty. Borrowers may defer repayment for up to three years while the student serves in the Armed Forces, Peace Corps or as a full-time volunteer in VISTA.

Legal residents of New York State (those who have established residence for at least one year) enrolled in a full-time degree program of at least 12 credit hours per semester may be eligible for the grant program during the regular academic year. Students taking 6 or more credit hours during the summer also may be eligible for an award. The amount of the grant is determined by the amount of the net taxable income reported on the previous year's NYS income tax return for student and spouse (if independent) and parents (if dependent). The award varies from $75.00 to $500.00 per academic year.

No award will be made to single independent students (with no dependents) with a net taxable income of $5,667 or above. Net taxable income for other applicants must be less than $20,000. If more than one member of the student's family attends college full time, the net taxable income is decided by the number in college.