Loans

View and Accept Your Award

Student Loan Programs

The amount you may borrow through the Federal Direct Loan program is indicated on your award letter.

Direct Subsidized Loan

  • Based on financial need
  • 2.75% fixed interest rate on loans disbursed on or after July 1, 2020
  • Interest-free while enrolled at least half-time
  • Repayment begins six months after student is no longer enrolled at least half-time
  • 1.057% origination fee*
  • Loan is typically disbursed in roughly one week after everything is completed, and school has started. 
  • Apply Now for 2020-21

Direct Unsubsidized Loan

  • 2.75% (4.30% for Graduate Students) fixed interest rate on loans disbursed on or after July 1, 2020
  • 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
  • 1.057% origination fee*
  • Loan is typically disbursed in roughly one week after everything is completed, and school has started. 
  • Apply Now for 2020-21

Private Student Loan Options

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
  • 5.30% fixed interest rate on loans disbursed on or after July 1, 2020
  • 4.228% 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 (2020-21)

* Origination fees change anually on October 1st. For loans disbursed prior to 10/1/20 loan fee is 1.059%
** Origination fees change anually on October 1st. For loans disbursed prior to 10/1/20 loan fee is 4.236%