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Loans
Unlike grants and scholarships, a loan is borrowed money that needs to be repaid. There are federal loans and private or alternative loans.
- Federal loans are partially funded by the government and funding is guaranteed.
- Alternative loans are funded solely by the lender and funding is not guaranteed, but rather based on the borrower’s credit.
Federal Loans
Undergraduates
There are two types of loans that are available to undergraduate students. |
Click here to apply for a loan.
Graduates
Graduate students can also receive |
| In addition, graduate students may receive |
Click here to apply for a loan.
ParentsAvailable for parents is |
Click here to apply for this loan.
Alternative LoansAny student may apply for an alternative loan. Since the loan is granted based on credit, the borrower is not guaranteed this loan. If the borrower does not have good credit or no credit, a co-borrower must be used as long as the co-borrower has good credit. Be sure to research the loan before applying since the interest rates and terms vary from lender to lender. Click here to apply for this loan.
How to apply for a Stafford Loan
Glossary of terms
Repayment chart
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