Graduate Financial Aid & Financing Options

Federal financial aid is available to eligible graduate students through the Free Application for Federal Student Aid (FAFSA) application.

How to Apply?
Graduate students can apply for federal financial aid through the FAFSA application. In order to log into the FAFSA website, the student must have an FSA ID, or username and password for the federal student aid websites. If you do not already have an FSA ID, you will need to create one by clicking here. The FAFSA application can be found by clicking here. Cazenovia College’s school code is: 002685. Students are encouraged to use the Data Retrieval Tool (DRT) when completing their FAFSA application to provide more accuracy and less paperwork.

*All graduate level students are considered independent and are not required to provide parent income information, no matter their age.

Types of Graduate Level Federal Financial Aid

Unsubsidized Federal Student Loans
Graduate students who are attending school at least half time are eligible for unsubsidized federal student loans. Unsubsidized loans have a 6-month grace period after a student graduates, drops from the program, or drops below half time. The current interest rate is 4.30%.

Graduate PLUS Loans
Graduate students who are attending school at least half time and meet the credit requirements are eligible for graduate PLUS loans. Graduate PLUS loans have a 6-month grace period after a student graduates, drops from the program, or drops below half time. The current interest rate is 5.30%.

What Happens Next?
Cazenovia College will receive your FAFSA information from the government. If any additional documentation is needed for an income verification, you will be notified by the college via email. An award offer will be created for you and sent out to you by the college via email once you have submitted any necessary documentation. You will need to accept or decline your financial aid offer through Cazenovia College’s SelfService portal that can be accessed through myCaz.

Other Financing Options

Private Education Loans
We recommend that the student review their borrowing options through the Federal loan programs first and then consider the private loan options as an alternative. To begin the Federal loan process, please call the Financial Aid Office at 315-655-7888 or visit fafsa.ed.gov.

Private education loans are funded by private lending institutions and require a separate loan application, which can usually be completed online. Most private loans have variable interest rates based on a borrower’s and co-borrower’s credit history and begin to accrue interest immediately. Some lenders may require payments while the student is enrolled. Loan amounts are limited to the total cost of attendance as determined by the Financial Aid Office, less any financial assistance received. Some private lenders also limit the cumulative borrowing for a student which may affect the amount the student is qualified to borrow annually.

Cashnet Monthly Payment Plan
(https://commerce.cashnet.com/cazenoviapay)

Cazenovia College offers students the option of paying with an interest-free monthly payment plan spreading payments over 10 months for the academic year, or 5 months for the semester. There is a required enrollment fee of $55 for the 10 month plan and $35 for the 5 month plan. Payments for the 10 month plan as well as the 5 month plan begin in July, and payments for the spring 5 month plan begin in December. For additional information, please call our Enrollment Services Office at 315-655-7888.

Please Note: When using the 10 month plan option, the Enrollment Services Office will credit one-half of the plan amount on the fall semester statement and an equal amount on the spring semester statement.

Adjustments can be made to your Cashnet contract amount after enrolling.

2020-2021 Independent Verification Worksheet (pdf)
2019-2020 Independent Verification Worksheet (pdf)
IRS Tax Return Transcript Request Instructions (pdf)
Identity and Statement of Educational Purpose (pdf)