Loans
Direct Subsidized and Unsubsidized Loans-Preparatory Coursework
A student may apply for a direct subsidized/unsubsidized loan for preparatory course work the school has documented is necessary for the student to enroll in a graduate program. If enrolled at least half time, the student is eligible for loans for one consecutive 12 month period beginning on the first day of the loan period.
Annual Limits for Subsidized loans - $5,500
Annual Limits for Unsubsidized loans - $7,000
Direct Unsubsidized Loans-Graduate
Annual Limits for Unsubsidized loans - $20,500
Aggregate Loan Limits - $138,500 for graduate or professional students - No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.
To apply for a student loan, students must:
- Complete the FAFSA, and have a valid ISIR or SAR in the Financial Aid office.
- Complete the financial aid application and student fee authorization. All financial aid forms, information and FAFSA link, are available on the school’s website: www.buf.edu/financialaid.
- Complete a Master Promissory Note (MPN) and on-line entrance counseling session with the Department of Education, IF one has not previously been submitted. The DOE website is www.studentaid.gov.