Graduate Admissions

Graduate Admissions

Graduate Student Aid

Financial Aid for U.S. graduate students at Canisius College is available through several financial aid programs. They include federal, state and private sources. The financial aid year at Canisius College begins with the summer semester and ends with the spring semester.

For tuition and fees charges for 2014-2015, click here.

To Apply for Aid

1. Complete the Free Application for Federal Student Aid (FAFSA) each year.

  • Obtain a federal Personal Identification Number (PIN) at www.pin.ed.gov 
  • Visit www.fafsa.gov to complete the FAFSA. The Canisius College Title IV code is 002681.

2. The Financial Aid Office will receive an electronic copy of your FAFSA information and provide you with notification when the evaluation is complete.  

3. Be sure to inform the Financial Aid Office of the number of credits you expect to take each semester

Federal Grants

Teacher Education Assistance for College and Higher Education (TEACH) is a grant funded by the federal government to encourage students to become highly qualified teachers in high-need subject areas to low-income students.  Undergraduate and graduate students who are U.S. Citizens or eligible non-citizens may be eligible for this grant.  Grants of up to $4,000 per year may be awarded to eligible recipients who agree to a teaching commitment of  four years in a specified subject.  A FAFSA must be completed to be considered.  Failure to complete the commitment will result in a conversion of the grant to a loan payable with interest accrued from the time of the award disbursement.  

New York State (NYS) Math & Science Teaching Incentive Program

Graduate students wishing to teach secondary math or science may be eligible to receive scholarship funding through the NYS Math and Science Teaching Incentive Program.  Recipients may receive a one year award with a maximum of $4,350 in exchange for a commitment of 5 years of math and science teaching in New York State.  Interested students will find details and application information here

Federal Direct Loans

The most common type of financial aid for graduate students at Canisius College is the Federal Direct Unsubsidized Loan.

Eligible students must be:

  • U.S. citizens or eligible non-citizens as determined by the criteria on the Free Application for Federal Student Aid (FAFSA)
  • Enrolled for a minimum of 4.5 credit hours in a semester.
  • Matriculating toward a degree.

Students interested in borrowing from the Federal Direct Loan Program should follow these steps:

1. Complete a FAFSA at www.FAFSA.gov

2. Complete a Master Promissory Note (MPN)

  • Select the green "sign-in" button on the left and sign-in using your FAFSA Pin
  • Select "Complete Master Promissory Note"
  • Select "Subsidized/Unsubsidized"

3. Loan Entrance Counseling: First-time student loan borrowers must complete loan entrance counseling in order to receive a loan. (Previous student loan borrowers are not required to complete another entrance counseling session).

  • Select the green “Sign-in” button on the left and sign-in using your FAFSA Pin
  • Select “Complete Entrance Counseling”

Federal Direct Loan Program facts:

  • Students may borrow a maximum of $20,500 in Federal Direct Loan funds per financial aid year.  The financial aid year begins with the summer and ends with spring.
  • The current interest rate for the Direct loan will be 5.41% fixed for the 2013-14 school year. rate.  A 1.051% origination fee will be deducted from the loan at disbursement. 
  • For unsubsidized loans, interest begins to accrue while the student is enrolled.  
  • Students must file a Free Application for Federal Student Aid (FAFSA) each year to determine eligibility.

Federal Direct Graduate Plus Loans

Graduate students may also borrow from the federal PLUS Loan Program.  Students may borrow up to the cost of attendance minus any financial aid received.  A credit check is required.  Those interested should follow these steps at www.studentloans.gov:

PLUS Loan (Graduate Level Students):  Please note that there are three steps in applying for a PLUS Loan (Application & Master Promissory Note). 

  • Select the green “Sign-in” button on the left and sign-in using your FAFSA Pin
  • Select “Start PLUS Application Process”
  • Select appropriate loan (Graduate PLUS) and complete the loan application
  • If approved, please then complete the PLUS Loan Master Promissory Note

***Please also note that you will need to complete Loan Entrance Counseling to have the Graduate PLUS Loan credit.

Graduate PLUS Loan facts:

  • The interest rate for the PLUS loan will be the current fixed rate of 6.41%. Interest begins at the time of disbursement.
  • An origination/default fee of up to 4.204% of the amount borrowed will be charged. The loan proceeds will be reduced by the origination fee at disbursement.
  • Repayment of the Graduate PLUS loan begins 60 days from full disbursement.  Deferment of repayment can be requested during application or after with the loan servicer.

Alternative Financing

Should you need to borrow additional funds beyond federal loan programs, you may wish to consider a private education loan.  It is your responsibility to research these options to find the one best suited to your needs. Be sure to review interest rate, fees and special features.  Be aware that each lender performs its own credit check and multiple checks can have an adverse effect on your credit score. You should opt for a loan that has no prepayment penalty and is deferred until graduation.  Most importantly, borrow conservatively.

We recommend a list of lenders for their quality service and issue resolution.  All lenders are required to provide you with a copy of their Private Loan Application Disclosure form prior to disbursement of funds.  Keep in mind that you are free to choose any lender you wish without penalty or undue delay in processing. 

The list of lenders can be viewed at www.elmselect.com. This site will allow you to view and compare loan products as well as apply for your private education loan.

Canadian Graduate Students

Residents of Ontario, Canada can apply for Ontario Student Assistance Program (OSAP) funding

Apply for admission to Canisius College 

  • Complete the OSAP Program Information Form. The form can be found here: http://osap.gov.on.ca
  • Complete the student portion of the Program Information Form,
  • Submit the school section to our Financial Aid Office for completion, finaid@canisius.edu or call 716-888-2300 or 800-541-6348.
  • Send the completed form to the OSAP Student Support Branch.
  • After the Program Information Form has been processed by the Ontario Ministry, you will receive two forms:
    • The “Confirmation of Enrollment Form” must be completed by the student and requires a signature from the Financial Aid Office. 
    • A three-part form, which requires a signature from the Office of Student Records.
    • Both forms confirm the student’s enrollment.
  • Submit these two forms to the Office of Ministry. Disbursement of the student’s loan funds will then be made to the student.