Alternative Payment Options | Daemen University

Payment Plans

Daemen University offers a two-month or five-month payment plan per semester. Any student wishing to enroll in a Payment Plan must do so with the Office of Student Accounts.

Office of Student Accounts: (716) 839-8213
Duns Scotus Room 112

Additional Federal Loans

If the maximum Federal Stafford Loans awarded to a student are not sufficient, additional Federal loans are available depending on your eligibility.

Federal Parent PLUS Loan for Undergraduate Students

This loan is a Federal Loan for the parents of dependent undergraduate students.

Current undergraduate students at Daemen: the annual loan limit is the cost of attendance less other financial aid (as long as the student has used any federal direct loan while enrolled at Daemen prior to the 26/27 academic year).

New undergraduate students at Daemen (both first-year and transfer), starting with the Summer 2026 term: the annual loan limit is $20,000, per student. The overall limit a student can receive from the Parent PLUS loan through the entirety of their undergraduate career is $65,000.

Parents wishing to apply for a Parent PLUS loan need to visit studentaid.gov. Once in the website you can hover over "Loans and Grants" located on top of the page and select "PLUS Loan Parent PLUS Loan". A credit check will be required. A Master Promissory Note must also be completed by the parent borrower at studentaid.gov.

Federal Grad PLUS Loan for Graduate Students

This loan is a Federal Loan for graduate students.

Current graduate students at Daemen: the annual loan limit is the cost of attendance less other financial aid (as long as the student has used any federal direct loan while enrolled at Daemen prior to the 26/27 academic year). Graduate students wishing to apply for a Grad PLUS loan need to visit studentaid.gov. Once in the website you can hover over "Loans and Grants" located on top of the page and select "Grad PLUS Loan". A credit check will be required. The student must also complete Loan Entrance Counseling and a Master Promissory Note at studentaid.gov.

New graduate students at Daemen, starting with the Summer 2026 term: the U.S. Department of Education has eliminated the Graduate PLUS loan program for new graduate students. Additional loan assistance must come from private education lender sources (see below).

Additional Alternative/Private Loans

Alternative / Private Educational Loans (Non-Federal)

These are loans through financial institutions that help fill the gap between the costs of attendance less other financial aid. Students apply directly with the lender. A credit check will be required. Many lenders will require a co-signer in order to approve the loan.

The list of lenders below is provided as a service to our students to assist them in the loan selection process. Lenders on our list have demonstrated a commitment to providing competitive loan terms, the very best in customer service, technology and quick loan processing.

Daemen University solicited a Request For Information (RFI) from numerous lending institutions and evaluated their responses based on the above criteria.

Students and parents have the right to select a lender of their choice regardless of our list and will suffer no penalty for selecting a lender who is not on our list. Daemen also recommends that students maximize their Federal Loan eligibility before utilizing a Alternative/Private loan to help pay college expenses.

Comparative list of benefits and services provided by lenders