If you need a loan to help cover the cost of a college, think federal student aid first. A federal student loan is made through a loan program administered by the federal government. SUNY Erie participates in the Federal Direct Loan Program.
Federal Direct Loans offer many benefits including:
For these reasons, students and parents should always exhaust federal student loan options first before considering a private loan. For more info, download direct loan basics for students.
Federal Stafford Loans can be subsidized or unsubsidized depending upon financial need. The Office of Financial Aid will determine the type of loan you will receive based on Cost of Attendance, Expected Family Contribution and other aid received.
Additionally, FIRST TIME BORROWERS must complete:
These are completed at http://studentloans.gov. Students will need their FSA ID and password to login.
Students who were not offered a loan may request one in WebAdvisor .