Financial Aid

Alerts and Important Information

COVID-19 updates

CARES Act & HEERF: Higher Education Emergency Relief Fund
Get the answers to frequently asked questions about the impact of COVID-19 on financial aid and scholarships.

Financial aid for Summer/Winter.

Student Loan Payment Pause Ending August 31, 2023

What you need to know

Student loan interest will resume on September 1, 2023.

First loan payments will be due in October 2023.  Your student loan servicer should have already reached out to you about starting or  restarting loan repayment.   

Who is affected?

Students that have graduated, or are currently not enrolled in at least 6 credits in a degree seeking program.

Parents and graduate students who have taken out PLUS loans, who selected to not have payments deferred until after graduation.

Important Links:

Find your Student Loan Servicer

Preparing for Payments to Restart 

SAVE Repayment Plan Offers Lower Monthly Payments

The Saving on a Valuable Education (SAVE) Plan, like other income-driven repayment (IDR) plans, calculates your monthly payment amount based on your income and family size.  The SAVE Plan provdes the lowest monthly payments of any IDR plan availble to nearly all student borrowers.  Learn more about this new repayment plan here.

Important Information for Student Veterans

The Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020 requires educational institutions to make certain disclosures to students using federal military and/or VA educational benefits. To view and print a copy of an estimated personalized cost of attendance you can visit the SUNY Net Price Cost Calculator and select Binghamton University from the dropdown. Additional financial information can be found at the NCES College Navigator site. 

The SUNY Financial Aid Plan (FAP) will provide a more in-depth analysis and accurate picture of student costs once the student has filed their FAFSA, completed a SUNY application, and has been accepted by a campus.