E-mail this pagePaying for College With Loans
Federal student and parent loans are educational funding that must be repaid, usually with interest. Generally, repayment of student loans is deferred until after graduation or at which point the student is no longer enrolled on at least a halftime basis. Parent loan repayment begins within three months of the loan becoming fully disbursed.
Minimum academic standards are required for all campus, state and federal aid. Repeated coursework, less than fulltime study, course drop or withdrawal and incomplete grades can have an adverse impact on your financial aid eligibility. Visit our Academic Progress for Financial Aid page for more information.
Borrowing is a serious obligation. Be sure to explore all of your financing options and read all the borrower rights and responsibilities information before signing for a loan.
More Information
- Types of Federal financial aid and how to qualify
- Types of New York State financial aid and how to qualify
| Loans Available | Award Range | Criteria & Eligibilty |
|---|---|---|
| Federal Direct Parent (PLUS) Loan | Cost of attendance minus other aid | A FAFSA must be filed to obtain a Direct PLUS loan. A biological or custodial parent's ability to borrow is based on a credit review. The interest rate is fixed at 7.9%. PLUS loans have an origination/guarantee fee of 2.5% that is deducted at the time of disbursement. |
| Federal Direct Subsidized and Unsubsidized Loans | View details | This option is only available to matriculated undergraduate students. Use the following chart to determine the type of loan you qualify for and amount. |
| Federal Perkins Loan | Up to $2,500 | Perkins is awarded to students who are eligible for Pell (EFC <= 4041), as determined by information submitted on the FAFSA. Approximately 250 students receive a Perkins Loan each year, depending upon the availability of funds. These loans are in the student's name, credit is not used to determine eligibility. The interest rate for Perkins is 5%, but no interest accrues if at least halftime enrollment is maintained. |
| Federal Nursing Loan | Up to $2,500 | A FAFSA must be filed to obtain a Federal Nursing Loan. Eligibility is based on the timely submission of the FAFSA and high financial need. Nursing Loans are only available to students enrolled in a nursing degree program. These loans are in the student's name, credit is not used to determine eligibility. The interest rate for the federal nursing loan is 5%, but no interest accrues if at least halftime enrollment is maintained. Students who change to a non-nursing major enter repayment on their loan immediately. |
| Alternative Student Loans | Cost of attendance minus other aid | Alternative educational loans may be an option for students who need an additional resource to help pay for college expenses. However, we strongly encourage you to explore all other available resources before applying for an alternative loan. Many lenders offer alternative loan products to students, and the terms and features of these loans differ from lender to lender. The loans listed below were researched by our office and found to have competitive terms and features for our population of students. Lenders were rated using a weighted scale based on the following criteria:
Should you choose not to participate with one of these lenders, please feel free to contact our office for assistance in selecting a different lender that suits your needs. You may select any lender that offers an alternative educational loan and our office will not penalize you for your choice. More Information Visit the lender's website for eligibility criteria, rates, terms, or to apply online: |
Contact Information
For more information about Financial Aid at SUNY Plattsburgh, please contact:
Financial Aid Office
Phone: (518) 564-2072
Toll-Free Phone: (877) 768-5976
Fax: (518)564-4079
E-mail: finaid@plattsburgh.edu
Our mailing address:
Financial Aid OfficeSUNY Plattsburgh
101 Broad Street
Plattsburgh, NY 12901-12681