Loans & Grants

• Maximum Annual Amount  for Dependent Students:
  $5,500 for freshmen of which no more than $3,500 can be subsidized
  $6,500 for sophomores of which no more than $4,500 can be subsidized
  $7,500 for juniors / seniors of which no more than $5,500 can be subsidized
  

• Maximum Annual Amount  for Independent Students and Students Denied Parent PLUS Loan:
  $9,500 for freshmen of which no more than $3,500 can be subsidized
  $10,500 for sophomores of which no more than $4,500 can be subsidized
  $12,500 for juniors / seniors of which no more than $5,500 can be subsidized
  $22,500 for graduates of which no more than $8,500 can be subsidized

• Open to US citizens or permanent residents with financial need.

• Send FAFSA to processor by March 1.
  

• Interest rates:
  
  Subsidized Loans:     6.0%
  Unsubsidized Loans:  6.8%
  

Federal Family Education Loan Program - FFELP

Direct Loan Program

Best for students who have borrowed under the Direct Lending Program in the past.

• Interest rates:
  
  Subsidized Loans:      6.0%
  Unsubsidized Loans:  6.8%
  
  
  Apply for Direct Student Loans

• You must be a Dependent student to be eligible to
  apply for this loan.
• Maximum Annual Amount: Up to total cost of education less other financial aid
• Eligibility for this loan depends on credit worthiness of parent of the dependent student
• Send FAFSA to processor (optional)
• Complete PLUS application
• Prior to July 1, 2006 - variable interest rate - Maximum of 9%.  After July 1, 2006 - fixed rate set at 8.50%.  Repayment  begins after the student has been out of school 6 months.

  
  
  View FFELP PLUS Loan Lenders
  

  ---

  
  Apply for Direct PLUS Loans
  
  -Best for students who have borrowed under the
  Direct Lending Program in the past.

  - After completing your MPN, your parent must complete a PLUSD form. Please stop by our office to pick up the PLUSD form.

  Interest rate:
  
  Beginning in Fall 2006 is a fixed interest rate of
  7.9% and is charged on the loan from the time the loan funds are disbursed until it is paid in full.

• You must be a Graduate student to be eligible to apply for this loan
• Maximum Annual Amount:  Up to total cost of education less other financial aid
• Eligibility for this loan depends on credit worthiness of the student
• Send FAFSA to processor and complete Grad PLUS application
• Interest rate will be a fixed rate at 8.50%
• Repayment:  check with your lender about deferment

  
  

          View Grad PLUS lenders

          Apply for Direct Grad PLUS Loans

          -Best for students who have borrowed under the
           Direct Lending Program in the past.

          Interest rate:

           The Interest rate is a fixed interest rate of 7.9% and
           is charged on the loan from the time the loan funds
           are disbursed until it is paid in full.

• Alternative loans are available through a variety of lenders.  Visit the alternative loan page.

• View the Pharmacology / Dental alternative loan comparison chart.

• View the Nurse Anesthesia Graduate alternative loan comparison chart.

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.