Loans to assist with educational costs are available to SIUE students through federal, state and institutional programs. Some loans require financial need, but others are available to students with no financial need.
All loans require at least half-time enrollment (5 hours for graduate students, 6 hours for undergraduate students) in all terms enrolled: fall, spring, and summer. This enrollment requirement must be maintained through the end of the 100% refund period for each term.
NOTE: All first-time borrowers must complete a Master Promissory Note (MPN) and Entrance Counseling. These can be completed by visiting StudentLoans.gov.
Students and parents also can use the online Debt/Salary Wizard to help determine how much to borrow based on current or future income.
Due to changes in the Federal regulations, beginning Fall 2012, graduate/professional students will no longer be offered subsidized loans. Annual loan limits have not changed, only the elimination of the subsidized loan eligibility.
| Know What You Owe |
| The National Student Loan Data System has information about your federal student loans. To review your loan information, you will need: ◆ Social Security number. ◆ First two letters of your last name. ◆ Your date of birth. ◆ Personal Identification Number. The PIN assigned to you when you completed the FAFSA. Note: NSLDS does not display information about private student loans. For information on those loans, contact your lender. |
Interest rate for Undergraduate Subsidized Loans: 4.50%
Interest rate for both Undergraduate/Graduate Unsubsidized Loans: 6.80%
Interest rate is a fixed rate of 7.90% and is charged from the time funds
are disbursed to the time the loan is paid in full.
Interest rate is a fixed rate of 7.90% and is charged from the time funds
are disbursed to the time the loan is paid in full.
