Loan Options

Federal Direct Student Loans

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.
  • Interest rate will be fixed at 6.8 percent while in repayment.
  • You must be enrolled at least half-time to qualify.
  • Repayment of principal balance begins six months after you are no longer enrolled at least half-time.

Unsubsidized

  • This is not a need-based loan.
  • You are responsible for paying the interest on your loan from the date of disbursement.
  • The interest rate will be fixed at 6.8 percent.
  • You must be enrolled at least half-time to qualify.
  • Repayment of principal balance begins six months after you are no longer enrolled at least half-time.

Parent Plus Loans

  • Not based on financial need
  • Requires at least 6 credits
  • Loan is in parents name
  • Repayment begins immediately

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.