Loans
It is the policy of the Financial Aid Office to process Stafford loans as
well as parent PLUS and alternative loans for the full academic year (Fall
and Spring). The only exception to this policy would be if a student is
graduating. At that time, their loan will be prorated based upon the number
of hours enrolled.
Federal Family Education Loan (FFEL) Programs
Federal Subsidized Stafford Loan
Awarded on the basis of financial need. The federal government pays
your interest while you are in school or during your grace period.
Federal Unsubsidized Stafford Loan
Not awarded on the basis of financial need. The federal government
does not pay the interest. You are responsible for all the interest that
must be paid or allowed to accrue capitalized. If your interest is
capitalized, your repayment amount will increase.
Parent Plus Loans
Not awarded on the basis of financial need. Parents of dependent
undergraduate students with a good credit history may apply for the PLUS
loan. Loan amount cannot exceed cost of attendance minus other financial
aid. Repayment starts within 60 days after the loan is fully disbursed.
Private Alternative Education Loans
Private alternative education loans are designed to help finance
students' education by filling in the gap between financial aid and
estimated total cost of attendance.
Grad PLUS
Graduate and professional students have a low-cost option for financing
their education. The Grad PLUS loan is not based on financial needs; credit
guidelines apply in determining your eligibility. Grad PLUS loans allow you
to borrow up to 100% of the cost of your education minus other financial aid
you receive.
Eligible Borrower Form
If you had loans discharged due to disability and are reapplying for
loans, this form must be completed by your physician.
