Student loans, unlike grants and work-study, are borrowed money that must be repaid, with interest, just like car loans and mortgages. However, with the low interest rates and flexible repayment options, student loans can be a much needed answer for funding your education!

Student Loans

These loans are available to both undergraduate and graduate students. You must be enrolled at least half-time (6 credit hours) to be eligible. For current interest rates you can go to  Repayment is deferred until 6 months after the student graduates, withdraws, or drops below half time!

Subsidized Stafford Loans: The student must have financial need to qualify. The U.S. Department of Education pays the interest that accrues while the student is enrolled at least half-time.

Unsubsidized Stafford Loans: The student is not required to have financial need to qualify. The student is responsible for the interest that accrues, but has the option to defer the interest.

How do I apply for a loan? You must first complete online loan entrance counseling, and then complete a master promissory note.  Each of these steps can be completed by going to


Parent Loans

Parents can obtain a PLUS Loan to help pay the cost of education for their dependent undergraduate children. This type of loan does require a credit check.