Loans

If you accept a loan, you will be required to complete a promissory note. You must be enrolled at least half-time to be eligible for these loan programs. The first three loan programs which are described below are funded through repayments from alumni and from an annual allocation from the federal government to which the University contributes a matching share. Interest accrues from the start of the repayment period. Borrowers under all of these programs will be required to sign a promissory note and participate in entrance counseling prior to disbursement of funds. Please visit the Student Loan Office website at: Student Loan Office The Student Loan Office will also conduct exit counseling, at which time you will be made aware of your rights and responsibilities prior to leaving the University.

Health Professions Loan

Federal Perkins Loans

Nursing Loan

Federal William D. Ford Direct Loan Program

The Budget Control Act of 2011 (Pub. L. 112-25) made two important changes to the Direct Loan Program:

Effective for loans made for periods of enrollment (loan periods) beginning on or after July 1, 2012, graduate and professional students are no longer eligible to receive Direct Subsidized Loans. Direct Subsidized Loans received by any student for loan periods beginning before July 1, 2012, for either graduate or undergraduate study, are not affected by this change. Note that it is the beginning date of the loan period that determines whether a graduate student can receive a subsidized loan, not the first disbursement date. For example, a graduate or professional student could receive a Direct Subsidized Loan for a loan period that begins in June 2012, even if the first disbursement of the loan is made on or after July 1, 2012.
Effective for loans first disbursed on or after July 1, 2012, the law eliminates the authority of the Department to offer any repayment incentives to Direct Loan borrowers to encourage on-time repayment of loans, including any reduction in the interest rate or origination fee. As a result, the up-front interest rebate that has been provided to Direct Loan borrowers at the time of loan disbursement will not be offered on any Direct Loan with a first disbursement date that is on or after July 1, 2012. The law continues to authorize the Department to offer interest rate reductions to Direct Loan borrowers who agree to have payments automatically electronically debited.

PLUS Loans (Parent Loan for Undergraduate Students)

Application Instructions for Direct Loans for Undergraduate Students & Parent (PLUS) Loans

Application Instructions for Direct Loans for Graduate Students

Direct Loan Repayment Calculator

Federal Direct Loan Repayment Plans