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The most popular route for New York students seeking financial aid for school begins with the U.S. Department of Education. Through the government, students can receive federally-backed student loans. These loans can be either subsidized on unsubsidized depending on the student's financial need.

Federal funding via the Direct Student Loan Program can be applied for using the Free Application for Federal Student Aid (FAFSA) this application can be filed online at the U.S. Department of Education Web site The FAFSA collects a considerable amount of background information on both the student and his or her parents/guardians.

   Alternative Student Loans for College Education


New York College Loan Financing

New York Student Loan options, private and federal:

Contact Numbers for NY specific banks/lenders:

  • Adirondack Bank, National Association (808153) - Saranac Lake, NY. 518-891-2323. Stafford, PLUS
  • Bank of New York (The) (807838) - Harrison, NY. 800-446-4604 Stafford, PLUS
  • First Niagara Bank (807878) - Lockport, NY. 800-421-0004. Stafford, PLUS loans
  • Glens Falls National Bank & Trust (807968) - Glens Falls, NY. 518/793-4121. Stafford, PLUS loans
  • Key Bank USA (813760) - Albany, NY. 800-539-5363. Stafford, PLUS
  • Lyons National Bank, The (808031) - Lyons, NY. 315-946-4871. Stafford, PLUS
  • Oswego City Savings Bank (830310) - Oswego, NY. 315-343-0057. Stafford, PLUS loan for parents
  • Upstate Federal Credit Union (826264) - Rome, NY. 315-339-2000. Stafford, PLUS loans
  • WCTA Federal Credit Union (828080) - Sodus, NY. 315-483-6936 x161. Stafford, PLUS

If the federal money isn't enough to cover expenses, New York students might also consider borrowing from a private lender. Be sture and make sure you have explored all the Federal and New York State aid options. While private funds are not always as desirable as federally-backed loans, they can bridge the gap between the student's federal awards and education expenses. Private loans also boast quicker acceptance rates and generally allow borrowers to withdrawal larger amounts of money then the federal loans.

In order to qualify for a student loan, the borrower must plan on attending an accredited school such as the Art Institute of New York City or the Culinary Academy of Long Island. A complete list of approved colleges can be obtained through your high school counselor or university financial aid office. Borrowers must also enroll for at least half-time each term and actively pursue a degree or approved certification. In most cases, students need to be a U.S. citizen, although some private lenders allow for international students to borrow with the assistance of an American co-signer.

Whether it is through federal aid or private student loans, the opportunity for New York students to achieve higher-education is available to those who want it. To learn more about New York student loans and which one is right for you, visit our private student loans homepage here.



Copyright 2014


Student Loan Finance for the New York State University System, NYU, and all New York community colleges, trade schools and 4-year universities.

New York Student Loans, NY College loans and other commonly phrased New York private college financing opportunities are available on this page and across the entire site. Take your time and compare lenders before applying.

The State of New York now provides an across-the- board tax credit or deduction to help pay for college tuition. The New York State College Tuition Tax Credit went into effect in the 2001 tax year. It is a good idea for you to learn how you can take advantage of this valuable tax benefit.

The Federal Government, also, offers tax credits and deductions in the Hope Scholarship Credit, the Lifetime Learning Credit and the Education Loan Interest Deduction. A  great resource of their's is