Student Loans
Federal Perkins Loans
Federal Perkins Loans are need-based, low-interest loans provided through the school, based on funds available, to full-time or part-time undergraduate and graduate students who demonstrate financial need. Repayment to the school begins nine months after the recipient graduates, leaves school, or drops below half-time enrollment.
Direct Subsidized Loans
Direct Subsidized Loans are need-based, low-interest loans provided to eligible undergraduate students attending at least half-time. The U.S. Department of Education pays the interest on the loan while the student is in school at least half-time. Repayment begins six months after the recipient graduates, leaves school, or drops below half-time enrollment.
Direct Unsubsidized Loans
Direct Unsubsidized Loans are non-need-based, low-interest loans provided to eligible undergraduate and graduate students attending at least half-time. Undergraduate students must first be determined ineligible for a Direct Subsidized Loan. The U.S. Department of Education does not pay the interest on unsubsidized loans. Repayment begins six months after the recipient graduates, leaves school, or drops below half-time enrollment.
Entrance Counseling (First Time Freshman)
All first-time borrowers are required to complete online entrance counseling before loan funds are disbursed. Exit counseling is required each time a loan recipient graduates, leaves school, or drops below half-time enrollment.
Direct Parent Loans for Undergraduate Students (PLUS)
Direct Parent Loans are non-need-based loans available to creditworthy parents of dependent undergraduate students attending at least half-time. Repayment begins within 60 days of final disbursement.