1. File a FAFSA.
2. Submit all financial aid documents being requested by the Office of Financial Aid and Scholarship Services.
3. Accept the offered loan in your financial aid award package.
4. If a first time borrower, you will need to choose a lender and complete a Master Promissory Note (MPN).

Same as above except:

1. Financial need is NOT a requirement.
2. The federal government does NOT pay the interest on this loan while you are in school; instead, you are responsible for the interest during the life of the loan. You can choose to pay the interest or allow it to accrue (accumulate) and be capitalized (that is, added to the principal amount of your loan). Capitalizing the interest will increase the amount you have to repay.

Interest rates on an Unsubsidized Stafford loans for both undergraduate and graduate loans are 6.8%.

For dependent undergraduate students, the annual loan limits are the same as for the Subsidized Stafford Loan, minus amounts borrowed under that program. As of July 1, 2008 dependent undergraduates can borrow an additional Unsubsidized Stafford Loan in the amount of $2,000.

Independent freshmen and sophomore undergraduates may qualify for an additional $6,000 in an Unsubsidized Stafford Loan. Independent junior and senior undergraduates may qualify for an additional $7,000 Unsubsidized Stafford Loan.

The maximum combined Stafford Loan limit is $31,500 for dependent students and $57,500 for independent students. ($23,000 is the maximum allowable amount in an Subsidized Stafford Loan)

Graduate students may be eligible for an additional $12,000 in a Unsubsidized Stafford Loan for each year of graduate study with a maximum combined limit of $138,500.

Same as above

Available to parents of dependent matriculated undergraduate students who are enrolled at least half-time (6 credits per semester). The loan is offered through a participating lender. The interest rate is fixed at 8.5%. Loan fees totaling up to 4% of the amount borrowed are deducted from the loan proceeds. Repayment begins 60 days after final loan disbursement unless a deferment is granted.

The annual loan limit is the student's cost of attendance minus any estimated financial aid received. If the lender denies the Parent PLUS loan based on adverse credit, the student may be eligible for an Unsubsidized Stafford Loan.

1. Student must file a FAFSA.
2. Parent must complete the PLUS Loan Master Promissory Note (MPN)/credit check on-line at New York State Higher Education Visit our parent web page for Parent Loan process. Optional: View our Filling the GAP document before applying for additional loans.

Available to graduate/professional students who have completed the Free Application for Federal Student Aid (FAFSA), have applied for the annual maximum loan eligibility under the Federal Subsidized and Unsubsidized Stafford Loan Program, and have enrolled for at least half-time (6 credits per semester). In addition, the student cannot have an adverse credit history. The interest rate is a fixed 8.50%. Loan fees totaling 4% of the amount borrowed are deducted from the loan proceeds. Repayment of principal plus interest begins 60 days after the loan is fully disbursed unless a deferment is granted through the lender or loan servicer.

The annual loan limit is the student's cost of attendance minus any anticipated financial aid received.

1. File a FAFSA.
2. Submit all financial aid documents being requested by the Office of Financial Aid and Scholarship Services.
3. Accept the offered loan in your financial aid award package.
4. If a first time borrower, choose a lender and complete a Master Promissory Note (MPN).