Loans are available to SIUE students through federal, state and institutional programs to assist with educational costs. 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: Fall, Spring, AND Summer. This enrollment requirement must be maintained through the end of the 100% refund period for each term. Students and parents are always able to choose their lender.
First time DIRECT loan borrowers, please make certain that you have completed
the Entrance Counseling and the Electronic Master Promissory Note.
Students and parents can also use the online Debt/Salary Wizard to help determine how much to borrow based on current or future income.
Grants are awarded to students with significant financial need in combination with work and loans as part of an aid package. Normally, financial need is determined from information provided on the Free Application for Federal Student Aid (FAFSA).