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LOANS

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These are loans offered by the federal government. The lender is the U.S. Department of Education rather than a bank or credit union. Learn more about federal loans on . Recipients of federal loans must meet the following criteria:

  • Be a U.S. citizen or eligible non-citizen.
  • Be admitted to a degree-seeking program or an eligible certificate program.
  • Be enrolled at least half time when loan proceeds are received.
  • Not be in default on a previous student loan or owe a repayment on a previous federal aid award received at any institution.
  • Maintain Satisfactory Academic Progress.

The following are requirements of the Department of Education that must be completed before the first disbursement of your federal loans.

  • The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).

  • Is a tool to help students understand what it means to take out federal student loans.

If you are required to complete these documents, you will find them listed in your and will be on “not received” status until completed.



UNSUBSIDIZEDLOAN

Unlike the Subsidized loan, this loan is not need based. It is available to both undergraduate and graduate students. on this loan is not subsidized by the government. You can choose to pay the interest while you are enrolled, or it will accrue and be added to the principal of the loan that you owe. You begin repayment six months after you graduate or stop attending at least half-time

To apply: Complete the “Free Application for Federal Student Aid” (FAFSA) . The 2024-2025 application is expected to be available on December 31st. Our school code is 039413.

PARENT PLUS LOAN

Parents of dependent students may borrow an additional Interest-bearing loan through the Federal Direct PLUS Loan program. The borrower must be a natural parent, adoptive parent, or stepparent of the dependent student. Parents may borrow any amount up to the cost of education minus any other financial aid their son or daughter may receive. Eligibility will be based upon a satisfactory credit check. Loans are not automatically renewed. Parents must reapply annually. The financial aid department receives notification of the application results from the Central Processing System daily. If approved the loan will be added to the student’s current financial aid package.

To Apply: Complete the application on Studentaid.gov. Parents must log in with their FSA (Federal Student Aid) ID (FAFSA ID). In addition, students must have completed a FAFSA. Our school code is 039413.

GRUADUATEPLUSLOAN

Graduate students are eligible to borrow this -bearing under the PLUS loan program up to their cost of attendance minus other estimated financial assistance. Eligibility will be based upon a satisfactory credit check. Loans are not automatically renewed. Students must reapply annually. The financial aid department receives notification of the application results from the Central Processing System daily. If approved the loan will be added to the student’s current financial aid package.

To Apply: Complete the application on . In addition, students must have completed a FAFSA. Our school code is 039413.

PRIVATELOANS

Private or Alternative loans are non-federal educational loans available from a variety of national lending institutions. An alternative or private loan is typically a loan in the student’s name; however, these loans generally require the signature of a credit-worthy co-signer. Parents may also borrow. Amounts vary up to the student’s cost of attendance.

To assist you in your search you may use the tool. FASTChoice helps you request the loan you determine is right for you by providing detailed information for various loans, as well as the terms and benefits offered by different lenders.

The lender list in FASTChoice is in no way exclusive or exhaustive of all existing lenders. We will honor requests to certify alternative educational loans from any lender, even those that do not appear on the list.