Online Billing and Payment System
The college uses an online billing and payment system which provides students and parents with service that is more in-depth, detailed and information-oriented in a safe and secure environment. Please take time to familiarize yourself with the system by accessing your myRedDragon account. For more detailed information, please read our brochure.
2013 Sequestration: New Changes to Federal Financial Aid
On August 2, 2011, Congress passed the Budget Control Act of 2011, which put into place automatic federal budget cuts, known as a “sequester,” to take effect if Congress failed to enact legislation to reduce the federal deficit by March 1, 2013. Because Congress did not act, these budget cuts are now in effect. Below is a summary of the impact of these budget cuts on certain federal student aid programs.
Direct Loan Program
While this law does not otherwise change the amount or terms or conditions of Direct Loans, it does raise the loan fee paid by borrowers for Direct Loans disbursed after March 1, 2013.
- For a Direct Subsidized or Direct Unsubsidized Loan, the loan fee will increase from 1.0 percent of the principal amount of a loan to 1.051 percent.
- For Direct PLUS Loans for both parent and graduate student borrowers, the loan fee will increase from 4.0 percent to 4.204 percent.
Teacher Education Assistance for College and Higher Education (TEACH) Grants
- TEACH Grants that are first disbursed after March 1, 2013 must be reduced by 6.0 percent from the award amount for which a recipient would otherwise have been eligible.
For additional information visit: https://studentaid.ed.gov/about/announcements/sequestration
The Financial Aid Office at SUNY Cortland provides a broad range of financial aid services. Make this your first stop when looking for resources to help you fund an affordable education at SUNY Cortland.