Subsidized & Unsubsidized Loans
All students who complete a FAFSA can apply for a loan if they have availability in their cost-of-attendance budget.
Once we process your FAFSA you will receive an award letter regarding any aid you are receiving at that time (additional notices may be sent if you receive more awards). Loan applications are available online and must be submitted to review your eligibility. You can also choose to only borrow a portion of the amount offered; if you feel that you will need to borrow additional funds over what you have been offered please contact our office to check your eligibility.
*Complete a Master Promissory Note, Entrance Counseling, and Annual Student Loan Acknowledgement at www.studentaid.gov.
Please note: Loan funds will not be disbursed until both the Master Promissory Note and Loan Entrance Counseling results are received by the Office of Student Financial Aid. Students must also complete the online Loan Acceptance Form noting the specific loan amount requested.
**NOTE: To receive a student loan, a student must be enrolled in six (6) credit hours in their program of study and be degree seeking from an institution of higher learning.
Subsidized Loans
- Based on your financial need.
- Available only if you're an undergraduate student.
- Government does not usually charge you interest while you're in school at least half-time, for the first six months after you leave school, during a period of deferment (a postponement of payments), and, sometimes, during repayment under an income-driven repayment plan.
- Your school determines the amount you can borrow, and the amount may not exceed your financial need or the limit set on how much you can borrow per year and total.
Unsubsidized Loans
- You can qualify, regardless of income or your financial need.
- Available if you're an undergraduate or graduate student.
- Government charges interest from the time your loan is disbursed through the life of the loan, except for some periods of repayment under an income-driven repayment plan.
- Your school determines the amount you can borrow based on your cost of attendance and other financial aid you receive and may not exceed the limit set on how much you can borrow per year and total.
