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Loans

View and Accept Your Award

Student Loan Programs

The amount you may borrow through the Perkins and Direct Loan programs is indicated on your award letter.

Federal Perkins Loan

  • Based on financial need and awarded to students demonstrating greatest need
  • 5% fixed interest rate; no fees
  • Interest-free while enrolled at least half-time
  • Repayment begins nine months after student is no longer enrolled at least half-time
  • Loan is typically disbursed in roughly one week after everything is completed, and school has started. 

Direct Subsidized Loan

  • Based on financial need
  • 4.45% fixed interest rate on loans disbursed on or after July 1, 2017
  • Interest-free while enrolled at least half-time
  • Repayment begins six months after student is no longer enrolled at least half-time
  • 1.069% origination fee
  • Loan is typically disbursed in roughly one week after everything is completed, and school has started. 
  • Apply Now for 2017-2018

Direct Unsubsidized Loan

  • 4.45% fixed interest rate on loans disbursed on or after July 1, 2017
  • Interest accrues while student is enrolled. (Student is encouraged but not required to pay interest while in school.)
  • Repayment begins six months after student is no longer enrolled at least half-time
  • 1.069% origination fee
  • Loan is typically disbursed in roughly one week after everything is completed, and school has started. 
  • Apply Now for 2017-18

Additional Student Loan Options

Private Student Loans (Citizens One, DEAL, Discover, Sallie Mae, SELF, Wells Fargo)

  • Loan is taken out by the student with a credit worthy cosigner
  • Interest rate is determined by the lender
  • Fees are determined by the lender
  • Loan is typically disbursed in roughly one month after everything is completed, and school has started. 

For loan comparisons and to apply click on the appropriate link:

CSB Students

SJU Students

Parent Loan Programs

Federal PLUS Loan (for Parents)

  • Loan is taken out by the parent/stepparent on behalf of the student, and is responsible for repaying the loan
  • 7.0% fixed interest rate on loans disbursed on or after July 1, 2017
  • 4.276% origination fee
  • Repayment begins 60 days after the loan is fully disbursed.  Parent can make a request, to the loan servicer, the payments are deferred until the student is no longer enrolled at least half time. 
  • Loan is typically disbursed in roughly one week after everything is completed, and school has started. 

Apply for a Federal PLUS Loan Federal PLUS Loan (2017-18)