Loan Options

Federal Direct Student Loans

Click any of the following topics for more information.

Subsidized

  • This is a need-based loan
  • Interest on the loan is paid by the federal government while you are in school, during your grace period, and during authorized periods of deferment.
  • You must be enrolled at least 6 credits (half-time) to qualify.
  • Repayment of principal balance begins six months after you are no longer enrolled at least half-time.
  • All personal loan information can be found on www.nslds.ed.gov

Unsubsidized

  • This is not a need-based loan.
  • Interest will start accuring on your loan from the date of disbursement.
  • You must be enrolled at least 6 credits (half-time) to qualify.
  • Repayment of principal balance begins six months after you are no longer enrolled at least half-time.
  • All personal loan information can be found on www.nslds.ed.gov

 Direct (Parent) Plus Loans

  • All Plus Loans are credit based.
  • Requires the student be enrolled at least 6 credits (half-time) to quality.
  • Loan is in parents name
  • Repayment begins immediately
  • All personal loan information can be found on www.nslds.ed.gov

Alternative Student Loans

These loans are available if Federal Direct loans are not sufficient or you do not quality for the Federal Direct Loan. They are generally at a higher interest rate and repayment usually begins at the time of disbursement.