Types of Financial Aid
Financial aid consists of funds from federal, state, university and private sources.
Aid can come in the form of grants, scholarships, loans and part-time employment. Basic responsibility for financing higher education rests with students and their families; financial aid is offered to supplement the family's maximum financial effort. With few exceptions, financial aid is offered only to students who demonstrate financial need. The amount of need-based aid in no instance exceeds the amount of financial need.
Learn how to finance your Binghamton education. >
Scholarships
Binghamton University is fairly ‘young’, having been in existence only since 1946. Due to this our scholarship base is competitive and highly selective, just as our student body is. University scholarships are awarded based on both academic merit and financial need. Since most Binghamton University scholarships are need-based, students must file the federal FAFSA to be considered. Click here for more detail on the scholarship process at Binghamton.
Grants
Grants are funds from the federal and state government that do not need to be repaid. Students apply for federal grants by submitting the Free Application for Federal Financial Aid (FAFSA). If a student is eligible, grants are usually just a portion of the financial aid package offered to the student.To learn more on various grant programs:
Federal
Academic Competitiveness Grant
National SMART Grant
Pell Grants
Supplemental Educational Opportunity Grant (SEOG)
TEACH Grant
New York State
Aid for Part-Time Study (APTS)
Tuition Assistance Program (TAP)
Loans
Students and parents have a number of loan options, which may be offered to you as part of your financial aid package.
Federal Direct Student Loans
Federal Direct Student Loan Limit Charts
Federal Parent (PLUS) Loans
Federal Perkins Loans
Federal Nursing Loans
Federal Direct Graduate PLUS Loan
Private Alternative Loans
