Loans

Loans

A loan is a type of financial aid that is available to students and/or parents to help fund educational expenses that are not otherwise covered by scholarships and grants.  Loans can be broken up into two categories:  federal and private student loans.

Please read below for quick facts about each type of loan available.  For more detailed information about the different loan options available to you, please click on the link of the type(s) of loan you wish to learn more about.  You can also use the links located to the left of the page in the orange navigation bar.



Federal Direct Student Loans:  

  • Guaranteed Loans to students who have completed a FAFSA application. The student is the borrower and responsible for repayment. Please click on the link above or in the navigation bar for more detailed information.

Private/Alternative Student Loans

  • A loan through an outside private lender. The student is the borrower but will likely need a credit-worthy co-signer. Both student and co-signer are responsible for repayment. Please click on the link above or in the navigation bar for more detailed information.

Federal Direct PLUS Loan:  

  • A loan through the Department of Education that is available to parents of dependent, undergraduate students who have completed a FAFSA. The parent is the borrower and responsible for repayment. 

Federal Direct Graduate PLUS Loan:  

  • A loan through the Department of Education that is available to independent students in a Graduate (Master's Degree) program and who have completed a FAFSA. The student is the borrower and responsible for repayment.