Financial Aid

Financial Aid

Alternative Financing

Financing a private college education is one of the most important investments of your lifetime.  While we encourage all incoming freshmen to apply for federal, state and Canisius College aid, not everyone is eligible to receive aid from all of these programs. Canisius College has a variety of loans and payment plans available for those families who need to supplement their aid award or finance a portion of their educational expenses.

Some of the programs described here are designed to help you spread the annual costs over the academic year, allowing you to budget from your monthly income. Other programs involve low-interest borrowing alternatives to spread costs over a longer period. We encourage you to research various lending institutions to find the one best suited to your needs. The Financial Aid Office will be happy to process any loan application submitted.

Quality customer service allows students to manage their debt in the future. It also means timely response to calls from our staff, allowing loan issues to come to a quick resolution.

While many loan products offer interest rate reductions, principal reductions, or cash back in exchange for signing up for auto-debit or account manager, or for reaching a specified number of on-time payments, it is estimated that only 10-20% of students actually achieve and maintain those benefits. Considering all aspects of a lender’s quality, we will strive to feature lenders with the most easily attainable benefits and those that do not forfeit those benefits by consolidating with another lender.