Syracuse University

Loans & Other Sources

Loans & Other Sources

student

Graduate Student Loans

If you are a matriculated graduate student seeking funding in the form of loans, you should consult the Syracuse University Office of Financial Aid and Scholarship Programs website. This site provides specific details on Federal Direct Loans, Federal Direct Graduate PLUS loans, and alternative/private loans. It's also an excellent resource for application procedures, eligibility criteria, loan and interest rate fees, time lines, and relevant deadlines. If you are a non-matriculated or distance learning student, please consult University College's (SU's home to part-time and summer students) Financial Aid Office for complete information.

If you are a U.S. citizen or eligible non-citizen, we recommend you first apply for Federal Direct Loans. Eligibility for Federal Direct Loans is determined by information submitted on the Free Application for Federal Student Aid (FAFSA) form. If you would like to apply for financial aid, complete the Free Application for Federal Student Aid (FAFSA). An SU Financial Aid Application is also required. Applicants should not wait for an admission decision before applying. You should file the FAFSA as soon as possible after January 1 and no later than July 1 for aid for the following academic year.

Please note: if your graduate program begins or continues in the summer, you must also complete the FAFSA for the current academic year by May 1.

Graduate students are also eligible to apply for the Federal Direct Graduate PLUS loan--a long-term, fixed-rate loan. It is recommended that students borrow their maximum eligibility in Federal Direct Loans before they apply for this loan program.

Alternative education loans offered through banks, many credit unions, and states are also available to help bridge the gap between financial aid and the cost of education. These private loans are not federally endorsed or guaranteed, but they must be certified (or approved) through the Syracuse University Office of Financial Aid and Scholarship Programs to ensure that the loan does not exceed the cost of attendance (budget) minus all other financial aid. As a graduate student, you are eligible to borrow up to the full cost of attendance by using a combination of Federal Direct and Federal Direct Graduate PLUS loans. This makes alternative loans (with their higher fees and interest rates) unnecessary for most students.

For complete information regarding the above loans, and the application procedures, visit the Financial Aid Office’s web site. Main campus graduate students, click here. University College graduate students, click here.

For the purposes of need-based aid, federal regulations require the University to take into account all other sources of financial support for graduate study, including those from the University, i.e. fellowships, assistantships, or scholarships, and from private or government sources.

Financial Aid for Distance Learning and non-Matriculated Graduate Students

Only University College's (SU's home to part-time and summer students) Financial Aid Office administers financial aid to graduate students who are pursuing distance learning master's degree and certificate programs, and to non-matriculated graduate students. Please see: www.suce.syr.edu/students/prospective/finaid/gradaidsources/index.htm for complete information.

If you are a student in any distance learning program, you should follow the procedures outlined above. Please note that if your graduate program begins or continues in the summer, you'll also need to complete the FAFSA by May 1 for the current academic year.

If you are a student who is not matriculated or who is pursuing a certificate (rather than degree) program then you are only eligible for private loans. However, in order to apply for loans, you must complete a University College financial aid application. Contact the University College Financial Aid Office at 315-443-3261 or finaid@uc.syr.edu with any questions or concerns.