SUNY Erie promotes responsible borrowing. We encourage students to only borrow what they need. We want to do all we can to help students make informed choices that will allow them to fund their education. Borrowing limits are determined by your "year" in college and dependency status. A "First Year" student has completed 23 or fewer degree credit hours. A "Second Year" student has completed 24, or more, degree credit hours.
The following borrowing limits are for one school year.
The US Department of Education will pay your student loan funds through Erie Community College. Loans will be disbursed in two equal disbursements.
Your loan money must first be applied to your school account to pay for tuition and fees, and other school charges. If loan money remains, Student Account Services at SUNY Erie will send you a refund.
Repayment on the principle of the loan begins 6 months after you drop below 6 credit hours. Payment will be made to the US Department of Education or its designated servicer.
There are many repayment plans through the Direct Loan program. For more information on repayment of your student loans, use the repayment estimator at studentloans.gov. You will need your FSA ID and password to login.
Please note:If you have both FFEL Stafford Loans AND you have Federal Direct Stafford Loans, you will be repaying two or more different loan servicers.
To check all your Federal Stafford loans, visit the National Student Loan Database System (NSLDS).