Loans

Loans must be repaid, and are available in differing amounts and under varying conditions. Types are Federal Perkins Loan, Federal Direct Loan, Federal Direct Plus Loan, and the Emergency Loan Fund.

  • Federal Perkins Loan: A federally-subsidized program based on financial need and available funds.
  • Federal Direct Stafford Loan: Allows students to borrow money directly through the institution. These loans may be need-based (subsidized) or non-need based (unsubsidized). Students must be enrolled in at least six credit hours.
  • Federal Direct PLUS Loan: Allows parents and/or stepparents of dependent undergraduate students to borrow money for student educational expenses.
  • Emergency Loan Fund: Administered by the Office of Financial Aid, this fund assists students in emergency situations. Students may borrow small amounts on a short-term, no-interest basis, depending on funds available. Apply in person at the Office of Financial Aid.