Financial Aid


Office of Financial Aid
315-859-4962 (fax)

Types of Financial Aid

Loans for StudentsOther Financing Options

Loans for Parents

PLUS Loan (Parent Loan for Undergraduate Students)

  • Federal parent loan available to cover the difference between the cost of attendance and financial aid.
  • Borrower must be a U.S. citizen or permanent resident.
  • 7.21% fixed interest rate and an origination fee of 4.288% (deducted from each loan disbursement). Interest begins to accrue on the loan from the date of the first disbursement.
  • Borrower must pre-qualify by passing a credit check. Once approved, the credit check is good for only 90 days. Due to this time schedule, please apply for the loan after May 1.
  • If parent's credit is denied, the parent can re-apply with an endorser. As an alternative, the student is eligible to borrow an additional unsubsidized Direct Loan in the amount of $4,000 for 1st and 2nd year students, $5,000 for 3rd and 4th year students.
  • Loan proceeds will be credited directly to the student's account within 10 days prior to the start of classes for each semester.
  • Repayment begins within 60 days after the full disbursement of the loan.
  • Parent can request deferment to postpone repayment for up to 6 months after student graduates by selecting this option when completing the PLUS Loan application online.
  • Additional information is available via the Direct Loan Basics for Parents brochure.

Parents initiate the borrowing process by: