Loans
Educational loans come from a variety of sources. The federal government, for example, sponsors several loan programs that offer below-market interest rates and other beneficial features. Other loan options, such as private bank loans, provide valuable help to students who may not qualify for federal loans. Even our own Dean of Students Office offers short-term emergency loans to current students. Questions? Contact the Financial Aid Office.
Loan Options
- Federal Stafford Loans
- These loans offer low interest rates. Depending on your need and your level in school, you may not have to pay interest on Stafford loans while you're in school.
- Perkins Loans
- This campus-based loan program is for students with exceptional financial need. The interest rate is only 5 percent, and no interest accrues while you’re in school.
- Federal PLUS Loans
- The federal PLUS program offers low-interest loans to parents of undergraduate students. The loan can cover any costs not already covered by the student's aid package, up to the cost of attendance.
- Alternative Loans
- If you don’t qualify for a federally funded loan like the Stafford or Perkins, you may be able to finance your education with a private loan.
