Other Financing Options

The Cortland Monthly Payment Plan:

The Cortland monthly payment plan allows you to spread out your semester bill across five monthly payments each semester. For more information on billing, student accounts, and the SUNY Cortland Monthly Payment Plan, visit the Student Accounts Office.

Alternative Loans:
Alternative loans are private, consumer loans and don’t offer the same safeguards or deferment options as the federal programs, but many families prefer the convenience and flexibility offered by these loans. While these loans are the “right” choice for many families, we want to make sure that you have all the information you need to make a good decision. Prior to taking out an Alternative Loan students should contact the their assigned advisor in the Financial Advisement Office to assure that they are making the best financial decisions available to them.

Other Financing Options:

• Home Equity loans or lines of credit are popular borrowing options that provide great flexibility and possible tax-deductibility for the interest. 
• Many retirement plans allow investors to borrow against their retirement savings. Using such a loan to finance your son or daughter’s education can be a complicated decision. Also, many families have other investments or savings that could be used to finance college.
• Many students/parents make Cortland Monthly Payment Plan payments with a credit card because of the convenience (web payments) and incentive programs (airline miles, etc.). They are also useful at the College Store or for other educational costs. 

We can help!

Every student at SUNY Cortland has an assigned advisor in the Financial Advisement Office to help families navigate the complex world of college financing. We can’t make the financing decisions for you, but we can provide information to help you make wise decisions. We can also help students with education and information on a number of financial issues unrelated to paying for college.  Please feel free to contact us for more information.