Course Catalog 2024-2025

Loans

Federal Direct Stafford Loan

Federal Direct Stafford Loans are low interest loans. The loan must be used to pay for direct and/or indirect educational expenses. Subsidized Stafford Loans are need-based. Unsubsidized Stafford Loans are not need-based. Additional paperwork must be completed before the loan can be disbursed, such as Entrance Counseling and Master Promissory Note. Repayment begins six months after the student graduates, withdraws from school, or falls below half-time enrollment status. Exit Counseling is also required when one of these situations occur.

Federal Direct Plus Loan and Federal Direct Graduate Plus Loans

Federal Direct Plus Loans are available to parents of dependent undergraduate students or graduate students. However, these loans are not based on need, and when combined with other resources, cannot exceed the student’s cost of attendance. A credit check is required, and either or both parents may borrow through this program, or a graduate student may borrow through this program. An Endorser may be needed to secure the loan. The Parent Borrower and/or the Endorser must complete a Master Promissory Note before disbursement. Repayment begins within 60 days of final disbursement, or the borrower has the option to defer payments until the student graduates and/or withdraws from school. Information to select the payment option may be found at http://studentaid.gov.

For additional details on the loan programs, please log on to the student portal and click on "Financial Services." You may also visit http://studentaid.gov/ information on federal loan programs.