Graduate students at Binghamton University may be eligible for federal loans to help them finance their education. There are two federal loan options: Federal Direct Unsubsidized loans and Federal Graduate PLUS loans.
Graduate students must be enrolled in 3 or more credits each semester to be eligible for federal loan funding.
Graduate students will begin receiving financial aid offers for 2024-25 in early June.
Federal Unsubsidized Loan
Graduate students can borrow up to $20,500 in Federal Direct Unsubsidized loan funding (if eligible) each aid year. Students enrolled in the Doctor of Pharmacy or PhD in Psychology, Clinical Science programs can borrow up to $33,000 in unsubsidized loan funding (if eligible) each aid year.
Graduate PLUS Loan
Apply for the Graduate PLUS Loan online. A credit check is performed as part of the application process. Applicants will receive an immediate credit decision. Award recipients must also complete a PLUS MPN for Graduate/Professional Students and Entrance Counseling.
Private loans are loans that students can borrow from outside lenders.
Other funding options for graduate students
Stipends, assistantships and scholarships for graduate students are awarded through the Graduate School.