Tuition and Financial Aid FAQ

Tuition & Billing
Financial Aid
Federal Student Aid Overview
Direct Unsubsidized Loans
Direct PLUS Loans
Loan Repayment
Military Benefits

Tuition & Billing 

What is the cost of attendance?

The tuition cost per credit from July 2018 – June 2019 is $1,559 per credit making the total cost of the program approximately $46,770.  Please note that this amount does not include the cost of expenses such as travel to residencies, textbooks, computers, etc.  In addition, tuition rates are subject to reassessment and may change each academic year (July – June). More information on Cost of Attendance.

How does billing work?

For information regarding billing, including payment options, please visit the Syracuse University Bursar's website.

Are payment plans available?

Yes, payment plans are available on a session by session basis. Requests for payment plans for a current session must be received by the Bursar’s office prior to the financial drop deadline of that session to ensure a timely review. Please contact the Bursar for more information.

What if my employer is sponsoring my degree?

Syracuse University does have an Employer Tuition Reimbursement Plan available for eligible students. To learn more about how to request this plan, speak with your Admissions Counselor or email the Bursar’s office.

Syracuse University Financial Aid

How do I apply for Financial Aid at Syracuse University?

If you intend to apply for financial aid, you should begin the process concurrent with your admission application.                           

First, complete the Free Application for Federal Student Aid (FAFSA). Syracuse's school code is 002882.

Second, complete your application for admission to the program. We encourage you to apply for financial aid at the same time you complete your program application. Once you have submitted your application, you can view “My To Do List” found in the Financial Aid section on Syracuse University’s self-service portal, MySlice.  

Your Financial Aid ‘To Do’ List will include a link to complete your Syracuse University Online Federal Direct Loan application, which is required in addition to your FAFSA. 

If you are interested in applying for a Federal Direct PLUS loan, in addition to a Federal Direct Unsubsidized loan, we recommend you wait to apply until you have been admitted into your program of study and have received your award letter with the Federal Direct Unsubsidized Loan.

Which FAFSA should I complete for each session?

FAFSA Sessions
FAFSA Year Terms
2018-2019 Fall 2018, Winter 2019, Spring 2019, and Summer 2019
2019-2020 Fall 2019, Winter 2020, Spring 2020, and Summer 2020 

Please note: in addition to the FAFSA, you also must complete a Syracuse University Online Graduate Financial Aid Application along with the Syracuse University Summer Graduate Financial Aid Application for Summer sessions.

Please remember that a new FAFSA, along with the applicable Syracuse University supplemental forms, must be completed for each school year you would like to receive federal financial aid.

Are there any supplemental financial aid forms I need to complete?

Yes, you must complete the Syracuse University Online Graduate Financial Aid Application in addition to completing your FAFSA. If you are applying for financial aid for a Summer session, you must also complete the Syracuse University Summer Graduate Financial Aid Application. Both of these applications can be found by clicking on “My To Do List” under the Financial Aid section on Syracuse University’s self-service portal, MySlice. Just like the FAFSA, these supplemental aid forms must be completed for each school year you would like to receive federal financial aid.

Are there a minimum number of credits I need to take in a session in order to receive federal student aid?

Yes, to be eligible for federal student aid, you must be enrolled half-time in an eligible program for each session you are requesting aid; half-time equals a minimum of six (6) credits in given a session.

Do I need to pay my enrollment deposit before I can receive my award package?

No, students do not need to deposit in order to be packaged for financial aid.

Can I use loans to cover any additional expenses (housing, books, etc.)?

If you meet the eligibility requirements to receive federal student aid and have eligibility for additional resources, you are able to use them to cover additional education expenses such as costs related to for-credit residencies / immersions, housing and books. Please see the eligibility requirements under the Direct Unsubsidized Loans and the Direct PLUS Loans sections.

Once I am an active student, is it easy to request my enrollment verification for federal loan deferments and/or private lenders?

Syracuse University reports student enrollment information to the National Student Clearinghouse (NSC) monthly during the traditional academic year, September – May. Loan Servicing organizations retrieve information about their borrowers from the NSC. If needed, you are able to request enrollment verification directly through Syracuse University’s self-service portal, MySlice. Instructions on completing the request are available on the Syracuse University Registrar’s website.

Federal Student Aid Overview

What federal student aid is available to graduate students?

Graduate students can apply for the Direct Unsubsidized Loan and the Direct Graduate PLUS Loan. Learn more about types of federal student aid here.

Why am I not eligible for the Pell Grant or Direct Subsidized Loans?

The Department of Education awards the Federal Pell Grant and Direct Subsidized Loan to students pursuing degrees at the undergraduate level only.

What is the FAFSA?

The Free Application for Federal Student Aid (FAFSA) is the Department of Education’s application for determining a student’s eligibility for federal student aid.

Where can I find the FAFSA?

You can complete the FAFSA online at fafsa.ed.gov. The FAFSA is a free application. If you are asked to pay a fee to complete the FAFSA, you are on the wrong website!

Do I need my parents’ tax information to complete the FAFSA if I live on my own?

If you are applying to graduate school, you do not need your parents’ financial information to complete the FAFSA.

When should I complete the FAFSA?

The FAFSA is available each October for the upcoming school year. For example, the FAFSA for the 2018-2019 school year, which will cover Syracuse University’s Fall 2018 through Summer 2019 sessions, is available as of October 2017. If you are planning to use federal student aid, you should complete your FAFSA while applying for admission. You must complete the FAFSA for each school year you would like to receive federal financial aid.

Will I need to fill out the FAFSA each year?

Yes, the FAFSA, along with the Syracuse University supplemental forms, must be completed for each school year. Federal student aid eligibility does not carry over from one school year to the next.

Direct Unsubsidized Loans

How do I apply for the Direct Unsubsidized Loan?

To apply for a Direct Unsubsidized Loan, you must first complete and submit the Free Application for Federal Student Aid (FAFSA). Your university will use the information from your FAFSA to determine how much student aid you are eligible to receive.

What is the difference between an unsubsidized loan and a subsidized loan?

Direct Subsidized Loans are available only to undergraduate students who demonstrate financial need. The federal government pays the interest on the loan while the student is enrolled at least half time and during the six-month grace period. Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. Learn more about the difference between unsubsidized and subsidized loans here.

What is the aggregate loan limit?

Your aggregate loan amount is the total you can borrow across the course of your education. The aggregate amount for graduate and professional students is $138,500, which includes all federal loans received for undergraduate study. Learn more about aggregate loan amounts here.

How do I find out if I am near my aggregate loan limit?

You can go to NSLDS.ed.gov to view your federal student loan borrowing history.

What is the current Direct Unsubsidized Loan interest rate?

The interest rate for the Direct Unsubsidized Loan is determined at the beginning of each academic year and is available on the Department of Education's Federal Student Aid website.

What criteria is used to determine eligibility?

In order to apply for federal student aid, you must:

  • Be U.S. citizen or eligible noncitizen
  • Have a valid SSN
  • Be registered with Selective Service if you're a male (must register between 18-25)
  • Be enrolled or accepted for enrollment as a regular student in eligible degree program
  • Be enrolled at least half-time in an eligible program in the term which aid will be applied; half-time equals a minimum of 6 credits in a given session
  • Maintain satisfactory academic progress
  • Not currently be in default on previous student loans borrowed through Federal Student Aid (FSA)
  • Not have exceeded the maximum aggregate loan limit

Direct Unsubsidized loans are not based on income.  You can learn more about student eligibility criteria here.

Are there a minimum number of credits I need to take in a session in order to receive a Direct Unsubsidized Loan?

Yes, to be eligible for a Direct Unsubsidized Loan, you must be enrolled half-time in an eligible program for each session you are requesting aid; half-time equals a minimum of six (6) credits in given a session.

Are there any additional loan fees?

Yes, there is a loan origination fee that is a percentage of the total loan amount. The loan origination fee is deducted proportionately from each loan disbursement you receive.

You can learn more about federal student aid fees here.

What if I am in default or have defaulted on a prior federal student loan?

Review your loan history in NSLDS.ed.gov and contact your lender for details on how to clear the default. Students in default are not eligible for additional federal loans until the default is cleared.

Direct Graduate PLUS Loans 

What is a Direct PLUS (Graduate PLUS) Loan?

A Direct PLUS Loan, also known as a Graduate PLUS loan, is a federal loan that graduate or professional degree students can use to help pay for education expenses. Learn more about Direct PLUS Loans here.

Who is eligible to apply for the Direct PLUS Loan?

In order to be eligible for federal student aid, and apply for the Direct PLUS loan, you must:

  • Be U.S. citizen or eligible noncitizen
  • Have a valid SSN
  • Be registered with Selective Service if you're a male (must register between 18-25)
  • Be enrolled or accepted for enrollment as a regular student in eligible degree program
  • Be enrolled at least half-time in an eligible program in the session which aid will be applied; half-time equals a minimum of six (6) credits in a given session
  • Maintain satisfactory academic program in college or career school
  • Not currently be in default on previous student loans borrowed through Federal Student Aid (FSA)
  • Not have exceeded the maximum aggregate loan limit
  • Not have an adverse credit history

Direct PLUS loans are credit-based and requires a credit check.
Direct PLUS loans are not based on income. 

Are there a minimum number of credits I need to take in a session in order to receive a Direct PLUS Loan?

Yes, to be eligible for a Direct PLUS Loan, you must be enrolled half-time in an eligible program for each session you are requesting aid; half-time equals a minimum of six (6) credits in given a session.

What is the credit criteria for the Direct PLUS loan?

One of the eligibility requirements to receive a Direct PLUS Loan is that you must not have an adverse credit history. A credit check is performed to determine whether a Direct PLUS Loan applicant meets this requirement. A list of what constitutes "adverse credit history" can be found here.

How do I apply for a Direct PLUS Loan?

In order to apply for a Direct PLUS Loan, you must first complete the Free Application for Federal Student Aid (FAFSA). Once you have completed the FAFSA, you can apply for the Direct PLUS Loan by completing the application at studentloans.gov.

When do I apply for the Direct PLUS Loan?

Students can apply for the Direct PLUS loan up to 180 days prior to the start of their program or at any time they are enrolled. 

While you can apply for the Direct PLUS loan within six months of the start of your program, Syracuse University recommends you wait to apply until you have been admitted and have received your award letter for the Federal Direct Unsubsidized Loan.

What are my options if I'm denied the Direct PLUS loan?

If you are denied the Direct PLUS loan, you may reapply with an endorser or follow instructions on the Department of Education's website to appeal the denial. Please contact Syracuse University Financial Aid office for more information on how to complete this process.

What is the current interest rate for a Direct PLUS loan?

The interest rate for a Direct PLUS loan is determined at the beginning of each academic year and is available on the Department of Education's Federal Student Aid website.

Does the Direct PLUS Loan affect my aggregate loan limit?

No. Only Direct Subsidized and Direct Unsubsidized Loans are used to calculate your aggregate loan amount. 

How much can I borrow with the Direct PLUS Loan?

If approved for a Direct PLUS Loan, you can borrow up to the cost of attendance (COA) budget minus any other aid being received as determined by the Syracuse University Financial Aid Office.

When do I have to repay my Direct PLUS loan?

You are not required to pay on your student loans while you are in school and enrolled at least half-time. Your Direct PLUS loan will go into repayment six (6) months after you graduate, take a leave of absence, or fall below half-time status. 

Loan Repayment

Do I have to pay my loans while I’m in school?

You are not required to pay on your student loans while you are in school and enrolled at least half-time. Your unsubsidized loan will go into repayment six (6) months after you graduate, take a leave of absence, or fall below half-time status. 

When do I have to pay back my loan?

After you graduate, leave school or drop below half-time enrollment, you will have a six-month grace period before you are required to begin repayment. During this period, you'll receive repayment information from your loan servicer, and you will be notified of your first payment due date. Payments are usually due monthly. Learn more about repayment timelines here.

Can I consolidate my graduate loans and my undergraduate loans?

A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan including both graduate and undergraduate loans. The result is a single monthly payment instead of multiple payments. Learn more about loan consolidation here.

What are the repayment plan options and how do I select one?

Lenders offer a range of repayment options. Your lender will contact you during your six-month grace period to select a repayment option. You should select your repayment option before your first payment is due.

Is there a repayment calculator or estimator that I can use?

Yes, there is a repayment calculator housed on the Department of Education's Federal Student Aid website .

Are there any loan forgiveness options available?

Please review the following Department of Education’s Federal Student Aid website  for more information.

Veteran and Military Benefits 

What types of U.S. Department of Veterans Affairs benefits are available?

The U.S. Department of Veterans Affairs administers a variety of education benefit programs, including the Post 9/11 GI Bill, currently the highest used education benefit program.

Am I eligible for Post-9/11 GI Bill benefits?

You may be eligible for U.S. Department of Veteran Affairs Post 9/11 Educational benefits if you have at least 90 days of aggregate active duty service after September 10, 2001, and are still on active duty, or are an honorably discharged veteran, or were discharged with a service-connected disability after 30 days, or are a dependent who has Post 9/11 Educational benefits transferred from an eligible service member.  Learn more about education benefit eligibility here.

How do I apply for Veterans Affairs (VA) Educational benefits?

To begin the process of applying for eligible VA education benefits, students should visit the Veterans Affairs website and complete the Education Benefits Application Process at www.va.gov/education or download the Military Benefits Checklist.

What else is needed in addition to the Education Benefits Application?

You will need to provide Syracuse University with an updated Certificate of Eligibility (COE), which will be mailed to you within 6-8 weeks of successfully completing your Education Benefits Application. You also need to complete the Syracuse University Request for Benefit Certification (RFC) which is available in the Syracuse University’s self-service portal, MySlice. The RFC must be submitted for each session you wish to use your veterans benefits.

What is the Yellow Ribbon Program?

The Yellow Ribbon Program (YRP) is an enhancement to the basic Post 9/11 GI Bill education benefit. Higher education institutions may enter into an agreement with the VA to cover tuition and mandatory fee costs not covered by the basic education benefit.  Syracuse University has a memorandum of understanding with the VA to share the uncovered costs “50/50”. Only veterans and dependents to whom Post 9/11 benefits have been transferred, in the 100% tier qualify. Learn more about YRP here.

What is the national maximum per academic year for private schools?

The VA Benefits website provides the most up to date information on the national maximum per academic year. 

What is the current Monthly Housing Allowance (MHA)?

The VA Benefits website provides the most up to date information on the current MHA.

Who can I contact at Syracuse University for assistance regarding veterans’ benefits?

For more information or assistance, please contact the Syracuse University’s Veterans’ Resource Center.

How can I use military benefits if I am an Active Duty, National Guard or Reserve component service member?

Military benefits may be available to Active duty, National Guard and Reserve component service members, called “Tuition Assistance” (TA), through the service member’s branch of service. The application process varies by branch. For more information, visit your local installation education center.

Tuition Assistance will fund up to $250.00 per credit hour, not to exceed $4,500.00 per fiscal year, October 1 through September 30. The service branch pays TA funds to the University upon receipt of the approval voucher. Syracuse University administers Tuition Assistance as “Third-party Billing” through the Bursar’s Office.

What is the difference between Tuition Assistance versus the Department of Veterans Affairs education benefits?

Tuition Assistance is offered by the service branches, while the VA administers a variety of education benefit programs.

Some VA education benefit programs, such as the Post 9/11 GI Bill, can work well with the TA program, as it can supplement fees not covered by TA.  In addition, Post 9/11 GI Bill funds are available for up to fifteen (15) years after you leave the military. The TA program benefit is available only while you are in the service.

For more information, visit your local installation education center.