Federal and State Financial Aid Programs

In order to be considered for federal student financial aid programs, you must meet the federal student aid eligibility rulesExternal Icon and complete an on-line application. Simply follow the easy steps on the How to Apply for Financial Aid page. If you need any help or have questions about the application process, the advisors in the financial aid office are available to assist you. Please call 315 464-4570 to schedule an appointment.

The federal and state student financial aid programs available at SUNY Upstate Medical University are as follows: (The name of each program is a link to the U.S. Department of Education or appropriate New York State website for the specific program. The sites contain the most current and detailed information available.)

Federal Pell GrantExternal Icon provides grant aid money to assist students who have not already received a Bachelor’s Degree.

Federal SEOG GrantExternal Icon is a campus-based grant program available to students who are Pell eligible. Campus based programs have limited funding so it is crucial to pay attention to the FAFSA deadline date to ensure maximum availability.

Iraq & Afghanistan Service GrantExternal Icon provides grant money to undergraduate students who are not Pell-eligible, whose parent or guardian died as a result of military service in Iraq or Afghanistan after 9/11, and who, at the time of the parent or guardian's death, were less than 24 years old or were enrolled at least part time at an institution of higher education.

Federal Direct Subsidized Stafford LoanExternal Icon is a loan* available to undergraduate students with financial need as determined by FAFSA. The federal “subsidy” includes the elimination of interest while the student is in school and a reduction of the interest rate during repayment. The loan amount is based on grade level, dependency status and financial need.

Federal Direct Unsubsidized Stafford LoanExternal Icon is a loan* available to undergraduate and graduate students which does not require you to demonstrate financial need. Interest accrues (accumulates) on the loan from the time it is first disbursed (paid out). You can still pay the interest while you are in school, during grace periods and deferment periods. If you choose not to pay the interest, it will be added to your loan balance and interest will accrue on the higher principal loan amount. The loan amount is based on grade level and dependency status.

Federal Parent PLUS LoanExternal Icon is a credit approved loan* available to parents of dependent undergraduate students. A parent may borrow up to the full cost of attendance minus any other financial aid.

Federal Graduate PLUS LoanExternal Icon is a credit approved loan* available to graduate students. Students may borrow up to the full cost of attendance minus any other financial aid.

Federal Perkins LoanExternal Icon is a university-based loan program for undergraduates and graduate students with exceptional financial need. All students must sign a Master Promissory Notes and do Exit Counseling through the Student Loan Servicing CenterExternal Icon which is the central billing and servicing office for the State University of New York. When you are no longer attending SUNY Upstate Medical University due to graduation, withdrawal, or a change in status to less than half-time enrollment, your loan will be transferred to the SUNY SLSCExternal Icon for servicing.

Primary Care LoansExternal Icon is a program that provides long-term, low interest rate loans to full-time, financially needy students to pursue a degree in allopathic or osteopathic medicine. Additional information may also be obtained from SUNY SLSCExternal Icon or by contacting the SUNY Upstate Medical University financial aid office.

Federal Work StudyExternal Icon provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study.

New York State Tuition Assistance Program - TAPExternal Icon is New York's largest grant program and helps eligible undergraduate students who are New York residents attending in-state postsecondary institutions pay for tuition. TAP grants are based on the applicant’s and his or her family’s New York State net taxable income.

Educational Opportunity Program – EOPExternal Icon Students are eligible for EOP as a transfer student provided they have been enrolled in EOP, College Discovery, HEOP (Higher Education Opportunity Program), SEEK (Search for Education, Elevation and Knowledge) or a similar academic and financial support program at their previous college. Students should inquire with the Director of Multicultural Recruitment and EOP for further information about this program.

* A loan is a financial obligation that must be re-paid in the future through monthly payments, including interest. It is very important to know and understand the terms of a loan before signing a promissory note and entering a loan obligation. The terms of a loan include interest rate, repayment schedule, and borrower rights and responsibilities.