Financial Aid Information

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Financial Planning
Information on affording graduate studies.
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The pursuit of an advanced degree is an investment in your future. To prepare for this investment, it is important to make sure that you are financially ready to take on the costs. SUNY Oswego participates in the Direct Loan (DL) program, where the lender is the U.S. Department of Education rather than a bank or other financial institutions.

When and how to apply for federal student loans
Complete a Free Application for Federal Student Aid (FAFSA) form as soon as possible at U.S. citizens, legal permanent residents, or eligible non-citizens who have been accepted at a U.S. school can apply for Unsubsidized Stafford Loans. This form will be used to determine your eligibility for federal loans.

SUNY Oswego's Federal school code is: 002848
Loan information
The standard repayment term for a Federal Stafford Loan is 10 years and can be extended up to 30 years based on the amount borrowed. Repayment is deferred until six months after graduation (or cease at least half-time enrollment) and carries a fixed rate of 6.8%. Federal Direct Unsubsidized Loan limit is $20,500 per academic year. Interest will begin to accrue once the loan is disbursed. No additional loan application is necessary.

Federal Direct Grad PLUS loan
This program can be used by graduate or professional students who need to borrow more than the maximum unsubsidized loan amount to meet educational cost. In addition to FAFSA, this program requires a separate application and approval is based upon a review of your credit history - an applicant must have no adverse credit.

There is a 4% loan fee on the amount borrowed and the Grad PLUS has a 7.9% fixed interest rate. Interest will begin to accrue once the loan is disbursed. Repayment begins 60 days after the last disbursement; however, a student enrolled at least half-time is eligible for in-school deferment.

Standard repayment term is 10 years; can be extended up to 25 years based on amount borrowed. Our office can provide you with the application instructions once you have completed a FAFSA.

Federal Perkins Loan
This is a low-cost, government guaranteed loan that colleges issue to low-income students to help cover education costs. The federal government caps Perkins loans at $8,000 a year, but each college determines each student's award, so your Perkins loan may be less.

Perkins loans are among the cheapest education loans available. They charge no interest while the student is in school. Approval for a Federal Perkins Loan is determined after review of a FAFSA. The Perkins Loan is only awarded to students with "exceptional need" for financial aid.

You are responsible for submitting all required components, which are found on each program's page.
Additional funding
We offer over 100 graduate assistantships, which can cover part of tuition and pay a periodic stipend for work which is determined by the sponsor.

View assistantships

Company Funded
Many companies looking to boost their collective skill set without bringing on a new hire are willing to sponsor all or part of an employee's schooling through tuition reimbursement. Be sure to check with yours.

We currently offer 2 fellowships. The Graduate Diversity Fellowship and the Festa Graduate Leadership Fellowship.

View fellowships

You will find that grants for graduate students are more likely to originate with organizations that are looking for students in a particular area of study.

View grants

We offer a small number of competitive scholarships. Consider also looking into externally funded scholarships.

View scholarships

There have been many changes to the financial benefits to assist veterans attending Oswego. Our Veterans’ Office can help you with any questions or concerns you have.

View veteran's page

Next, review tuition costs to create your financial plan and pay your application fee. Check out the links below to assist you with your financial planning.