There are many different federal loan repayment plans. Review all your options and choose the one that makes the most financial sense for you. Use the Repayment Estimator to see how your payments will look under the different options.
You can change your repayment plan at any time. Contact your loan servicer if you have any questions. They are there to work with you and help you determine the best repayment plan for you.
*If you borrowed Private Student Loans, please note that they are not federal loans, will not appear on NSLDS, and will not be repaid to your federal loan servicer. You must contact your private loan lender for repayment information.
Parent Federal PLUS Loan
Undergraduate Students Only
The Federal Parent PLUS Loan provides loans to parents of dependent students attending post-secondary schools. All loan funds received under the program must be used to pay for the cost of attending a post-secondary school.
Parents can apply for instant pre-approval online (2020-2021 instructions) and complete the Master Promissory Note for the PLUS loan online. If you do not have online access, please contact the financial aid office. Please be aware that credit check/loan approval is only valid for 180 days.
The Financial Aid Office will be notified of the credit decision. If the application is approved, the Financial Aid Office will certify the PLUS loan. If a parent is denied a PLUS loan, the student's financial aid package will be reviewed to determine if the student has additional Federal Direct Unsubsidized loan eligibility. A revised award letter will be completed.
Graduate Plus Loan
Graduate Students Only
The Federal Graduate PLUS Loan provides loans to students in graduate school.
Students can apply for instant pre-approval online and complete the Master Promissory Note for the Grad PLUS loan online. If you do not have online access, please contact the financial aid office. Please be aware that credit check/loan approval is only valid for 180 days.
The Financial Aid Office will be notified of the credit decision. If the application is approved, the Financial Aid Office will certify the Grad PLUS loan.
If you accepted a loan on your Award Letter, there are a couple of steps that need to be completed prior to your loan(s) being disbursed to your tuition account. These steps include completing loan entrance counseling (first-time borrower) and completing the Master Promissory Note (MPN). All Stafford loans will be borrowed from the U.S. Department of Education through the Federal Direct Loan Program. Click on the following links to complete the requirement(s) for you Federal Direct Loan:
Students are recommended to exhaust all federal loan options first. If additional funding is needed, alternative loans are a source of non-federal educational loans available through a variety of national lending institutions. Minimum and maximum amounts to borrow may vary by program, but all require a satisfactory credit history for approval. These loans have their own application processes which are available online. Download this pdf for more information.
Federal Subsidized and Unsubsidized Student Loans
Undergraduate and graduate students may complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility for federal student loans. Undergraduate students may be eligible for both subsidized and unsubsidized loans while graduate students are only eligible for unsubsidized loans. Subsidized loans are based on financial need and the interest does not begin to accrue until after the 6 month grace period ends and repayment begins. Unsubsidized loans are not based on financial need and the interest begins to accrue immediately. Most students who complete the FAFSA are eligible for the unsubsidized loans. Please click here for more information.