Loans

Federal Direct Student Loans

Federal Direct Student Loans are available through the William D. Ford Federal Direct Student Loan Program. All students who complete the FAFSA and are eligible to receive Federal Student Aid may receive the Federal Direct Student Loans. This loan may be Subsidized or Unsubsidized. Student eligibility is determined by cost of attendance and FAFSA results. Students must enroll at least half time (6 hours for undergraduate students or 4 hours for graduate students) to receive Federal Student Loans. Federal Direct Student Loan Information

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, for more information to apply on-line PLUS Loan Information

Federal Perkins Loan

The Federal Perkins Loan is a low-interest federal student loan for undergraduate and graduate student with exceptional financial need. The school is the lender and payments towards the Federal Perkins Loan will be made to the University of Rio Grande. Funds are dependent on the student's financial need and the availability of funds in the Federal Perkins Program at the University of Rio Grande. Priority is awarded to student's with the most need according to the Federal Application for Student Financial Aid (FAFSA). Perkins Terms and Conditions 

Nurse Education Assistance Loan Program (NEALP)

The Nurse Education Assistance Loan Program (NEALP) was created by the Ohio General Assembly in 1990. The purpose of NEALP is to assist the state in meeting nursing shortages by providing financial assistance to Ohio students enrolled for at least half-time study (or accepted for enrollment) in approved Ohio pre-licensure nurse education program who intend to serve as nurses after graduation. NEALP provides up to $3,000 per year. In exchange, to qualify for loan cancellation, recipients must be employed full-time as a registered nurse or licensed practical nurse in the State of Ohio for a minimum of five years after graduation. NEALP Information

Alternative Student Loans

In some cases, students need additional money to cover the costs of education after all federal, state, and institutional aid have been exhausted. 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. Alternative Student Loan Information