BROOKLYN - Hundreds of students are holding a rally at City Hall yesteday to save the Metropolitan Transportation Authority's free student MetroCard program.

The MTA has threatened to cut the program citing its $800 million budget hole.

The free program is usually funded by the city, the state and the MTA. However, the transit agency says it cannot afford to pay its part, leaving the city and state to foot the bill.

The cuts could cost students, many of whom rely on public transportation, more than $1,000 per year to get to school.