Eligibility determined from FAFSA www.fafsa.ed.gov
Federal Perkins Loan
This loan funding is limited. This federally appropriated fund is designed to assist needy students in meeting educational expenses. A 5 percent interest charge starts when the student begins repayment of the loan (nine) months after completing a degree program or withdrawing from college. Under this program, students pursuing certain occupational fields may be eligible for cancellation privileges.
Federal Direct Student Loans
Federal Direct Subsidized and Unsubsidized Loans: Low-interest loans for students and parents are available through the William D. Ford Federal Direct Student Loan Program. Students must be enrolled at least half-time.
The Federal Direct Student Loan maximum eligibility for undergraduate dependent students is $23,000, over the course of their academic career. Additional eligibility for independent students under the unsubsidized loan program is $31,000.
Federal Direct Parent Loan for Undergraduate Students
Federal Direct PLUS Loans: Loans that parents can borrow for students to use to meet their cost of education. Eligibility for PLUS Loans are limited to cost of attendance minus other financial aid. Applicants must complete a Parent PLUS Loan Information Sheet. PLUS loan applicants are submitted for credit review. Applicants with adverse credit history will be denied. These applications are available in the Financial Aid Office or can be submitted online through our website (please click on the Finanacial Aid Link on the left).
Alternative Student Loans: Students sometimes need extra money to meet the cost of education. For these students there are several alternative student loan options available. These loans are not guaranteed loans and often require a co-signer, and may require school certification. Interest starts accruing on alternative loans upon the first disbursement. Repayment starts either 6 months after graduation, or on the date the student leaves the institution. The Financial Aid Office can provide more information on alternative loans.