Student Financial Services offers and certifies loans for students, as well as federal Direct PLUS loans for parents of undergraduate students. All of these loan programs offer low-interest rates, deferment and forbearance options, and a maximum repayment period that is generally between 10 and 25 years.
- Direct subsidized loans are interest-free while you are enrolled in college at least half-time.
- Direct unsubsidized loans accrue interest while you are enrolled. You may choose to pay the interest each month while you are in school, or allow the interest to accumulate.
- PLUS loans are federal loans that parents of dependent undergraduate students can use to help pay educational expenses.
- You must have a completed, error-free FAFSA, with no verification pending.
- To apply for a Direct Loan, you must be enrolled in at least six credit hours.
- You must meet Satisfactory Academic Progress.
- You must correctly complete and submit your request.
- You must have a current loan entrance counseling and master promissory note on file through studentloans.gov.
- (FAFSA) Free Application for Federal Student Aid
- Student Aid Report (SAR)
- Master Promissory Note for Federal Student Loans
- Entrance Counseling
The Loan Process
- The loan process could take some time; therefore, we strongly suggest you apply early. When your file is complete, it is reviewed by a loan counselor to determine your eligibility and calculate your award. Your file is processed in the order it was received.
- First-time borrowers will not receive a disbursement until after the 30th day after the beginning of the payment period or the first day of class.