FINANCIAL AID OFFICE

LOANS

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 www.fafsa.ed.gov 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.