Payment & Financing Options

Payment & Financing Options

Information regarding Payment Options, The Federal Parent PLUS Loan & Private Education Loans



  • Siena College offers a monthly payment plan through Tuition Management Services (TMS). You may contract with TMS to pay the balance due or a specified amount to the College. No interest is charged; however, there is a $35/semester fee.  A monthly payment plan can be set up by contacting Tuition Management Services at 800-279-1918 or enrolling through the Student Account Center (SAC).  No monthly payment plans are offered directly with the College.


  • Checks and cash are accepted for payment.  The College does not accept credit cards as a form of payment.  Payment can be sent to Siena College, Office of Business Services, 515 Loudon Road, Loudonville, NY 12211.  Please include the students name or student ID number with payment.
  • Through the Student Account Center (SAC) you can pay by an automatic withdrawal from your checking or savings account.  Click on “View Available Payment Options.”



  • The maximum amount that parents are allowed to borrow through a Parent PLUS Loan is the total cost of attendance minus all financial aid (including other Federal loans).   The Direct Parent PLUS interest rate for the 2017-2018 is fixed at 7% (an additional .25% interest rate reduction is applied to the loan when using auto-debit for repayment). Please remember, an origination fee of 4.276% is automatically deducted from the loan amount. To apply visit You will need your FSA ID to login.

Below are banks providing Parent PLUS Loans:



  • Private (alternative) loans are offered by various banks, lending institutions, credit unions, and state agencies. The borrower is the student and in most cases a credit-worthy co-signer is required. These loans are not associated with the federal government.
  • Interest rates are typically variable and interest will generally start to accrue after the loan funds are disbursed to the school. Depending on the lending institution, interest payments may be required while the student is enrolled in school. Students who receive the best interest rates typically have good credit or have a co-signer with good credit. Many lenders require that students have a co-signer.
  • A private loan can be used to cover the cost of education minus all other financial aid for each academic year.

Below is a historical listing of banks used by Siena students for private education loans: