Loans are one of the three major types of student aid. Unlike grants and work study which do not have to be repaid by the student, loans are a form of aid that must be repaid after graduation or when attendance drops below half-time status (minimum of 6 credit hours).

The following types of loans are available to students and/or their parents.  If you decide to borrow always think federal aid first!  Complete a FAFSA online at after Jan 1st each year to take advantage of federal grants and Federal Direct  Loans.  More information is available by clicking on a specific loan program.

Loan Program

Who May Borrow?

Federal Direct Subsidized Loan

Undergraduate Students*

Federal Direct Unsubsidized Loan

Undergraduate & Graduate Students

Federal Direct Parent PLUS Loan

Parents of Dependent Undergraduate Students

Federal Direct Graduate PLUS Loan

Graduate Students

Alternative Private Education Loans

Undergraduate and Graduate Students**

*Direct Subsidized Loans are no longer available to graduate students for loan periods that begin on or after July 1, 2012.  The annual loan limit has not changed.

**These loans are available through commercial lenders based on credit approval. These loans are not guaranteed by the federal government and often require a cosigner for approval.