Loans

Federal Stafford Loans

Stafford Loans are Federal student loans made directly available to college and university students and are used to supplement personal and family resources, scholarships, grants, and work-study. They may be subsidized by the U.S. Government or may be unsubsidized depending on the student's financial need. This need is determined by the free application for federal Student Aid (FAFSA).

Nearly all students are eligible to receive them (regardless of credit score or other financial issues). These loans offer a six-month grace period, which means that no payments are due until six months after graduation or after the borrower is enrolled less-than-half time. There is an annual yearly limit on these loans dependent on academic career level and student dependency according to the FAFSA. More information.

Federal Parent Loans

The Federal Parent Loan for Undergraduate Students (PLUS) enables parents and legal guardians with good credit histories to borrow up to the cost of education for dependent undergraduate students that are enrolled at least half-time. PLUS loans are also available to graduate students who qualify. More information.

Federal Perkins Loans

This is a low interest federal student loan for graduate and undergraduate students. The college acts as the lender using a limited pool of funds provided by the federal government. These loans are awarded based on exceptional financial need. More information.

Private/Alternative Loans

Student may use private, credit-based loans if they are not eligible for the other loan varieties. Because this is an uncommon case, and because private loans are not as closely regulated as federal loans, we ask that students visit the financial aid office when considering a private loan. More information.

Loan Links