../templates_2009/images/random_pagetops/img-7.jpg; ../templates_2009/images/random_pagetops/pic-1.jpg; ../templates_2009/images/random_pagetops/pic-3.jpg; ../templates_2009/images/random_pagetops/pic-6.jpg; ../templates_2009/images/random_pagetops/pic-8.jpg; ../templates_2009/images/random_pagetops/pic-9.jpg; ../templates_2009/images/random_pagetops/pic-11.jpg;
 

The Office of Financial Aid

 

2015-2016 Direct Loan Interest Rates

For Direct Loans first disbursed on or after July 01, 2015 and through June 30, 2016, the interest rates are scheduled to be the following:

  • Direct Subsidized (Undergraduates) - 4.29%
  • Direct Unsubsidized (Undergraduates) - 4.29%
  • Direct Unsubsidized (Graduates) - 5.84%
  • Direct PLUS (Parents/Graduates) - 6.84%

Please note, these fixed interest rates apply to the period of July 01, 2015 to June 30, 2016. Fixed interest rates on subsequent loans for 2016 - 2017 and thereafter are subject to change.


Summer Aid Application

The 2015 UAlbany Summer Aid Application will be available beginning April 15, through the Finances tab of the MyUAlbany student portal.

For information on the Summer Aid Application process, please visit the Summer Aid page of the Financial Aid website.

If you drop credits any time during the summer, your summer aid may be reduced or cancelled.


Changes to the Federal Direct PLUS loan

Effective March 29, 2015 the U.S. Department of Education implemented the following changes to the Federal Direct PLUS loan program:

  • Credit check(s) processed on or after March 29, 2015 will be valid for 180 days.
  • Applicants with adverse credit history that qualify for the PLUS loan by documenting extenuating circumstances or by obtaining an endorser will be required to complete PLUS counseling prior to funds being disbursed.


  • *Please Note: * If you submitted an application for any previous academic year you can use the same password to access and revise the 2015-2016 application.
  • * Scholarship funds are limited. Meeting the application requirements and scholarship criteria does not imply that you will necessarily receive a scholarship.
  • * Students who are awarded a University at Albany Foundation endowed scholarship will be notified via email.

FAFSA Filing Dates

Available every year after January 1st, the FAFSA should be completed and submitted on-line through www.fafsa.ed.gov.

Prospective students wishing to receive priority consideration for aid administered by the Office of Financial Aid must have completed the FAFSA and received an official expected family contribution from the Department of Education by March 1st.

Continuing students wishing to receive priority consideration for aid administered by the Office of Financial Aid must have completed the FAFSA and received an official expected family contribution from the Department of Education by April 15th.


Helpful FAFSA Filing Resources

Department of Education FAFSA Telephone Support

The Department of Education provides telephone support to FAFSA applicants who have questions about how to complete or make corrections to the FAFSA.  Contact the Department of Education support line at (800) 433-3243.


FAFSA Filers: Use the IRS Data Retrieval Tool

Students and parents who have filed their 2014 federal tax returns will be able to select the IRS Data Retrieval option on the FAFSA to transfer their tax information directly from their federal tax return to their FAFSA application. Federal Tax Returns must be electronically filed at least two weeks (or 6-8 weeks if filing paper returns) before using the IRS Data Retrieval process.

We strongly encourage you and your parents to use the IRS Data Retrieval Tool which is the fastest and easiest way to provide accurate tax information. The IRS tax information can be reviewed first before being transferred directly into your FAFSA.


SUNY Smart Track Financial Literacy Tool

University at Albany is pleased to announce a SUNY wide interactive financial literacy tool to help students get on the Smart Track for every financial decision from paying your tuition, to purchasing a home. Click the button below to begin your Smart Track experience!

Attention Smart Track Users

We have been made aware there is an incompatibility issue with Internet Explorer 11 (IE 11) and Flash. Until Microsoft resolves the issue, we recommend using a different browser such as Firefox or Chrome, or a lower version of Internet Explorer.


New Borrower Alert

Have you completed your Direct Stafford Entrance Counseling?

Direct Stafford Loan Entrance Counseling is mandatory for all first time borrowers attending UAlbany. Please be aware Entrance Counseling is different than the Financial Awareness Counseling Tool (FACT). Completion of FACT does not satisfy Entrance Counseling requirements. You must complete Entrance Counseling at www.studentloans.gov. Refer to your "to-do" items to determine if Entrance Counseling needs completion.

Have you completed your Direct Stafford Loan Master Promissory Note (MPN)?

The Direct Stafford Loan MPN is mandatory for all first time Direct Loan borrowers attending UAlbany. The MPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees. The MPN explains the terms and conditions of your loan(s). Your MPN is valid for 10 years, so you will most likely need to complete this only once while attending UAlbany. The MPN must be completed at www.studentloans.gov. Refer to your "to-do" items to determine if the MPN needs completion.

 

The Office of Financial Aid is responsible for the administration of state, federal and institutional financial aid programs.  In conjunction with the Student Financial Center, the Office of Financial Aid assists students and families in navigating the financial aid process.

For assistance, visit the Student Financial Center located in the Campus Center G26, or call the Student Financial Center at (518) 442-3202.