LOANS

William D. Ford Federal Direct Loan
 

How to Apply

File the FAFSA. Complete a Master Promissory Note.  Complete Entrance Counseling.

Deadline Dates

The loan must be processed by the last day of the academic year.

Maximum Loan

Dependents:
  1st yr: $5,500
  2nd yr: $6,500
Independents:
  1st yr: $9,500
  2nd yr: $10,500

Eligibility

No prior loan defaults or grant repayments due to the Dept. of Ed., U.S. Citizen or legal, eligible alien. Lifetime limit for dependent undergraduate is $31,000 of which no more than $23,000 may be subsidized loans.  Lifetime limit for independent undergraduate is $57,500 of which no more than $23,000 may be subsidized loans.

Repayment Provisions

Six month grace period after graduation or withdrawal. Normal repayment period is ten (10) years but can be longer.

Federal Direct PLUS Loans (Parent Loans for Dependent Students)

How to Apply

The student must complete the FAFSA.  The parent must complete a PLUS application and Master Promissory Note at www.studentloans.gov

Deadline Dates

By the last day of the academic year.

Maximum Grant/Loan

Based on unmet need and cost of attendance.

Eligibility

Must pass credit check.

Repayment Provisions

Repayment begins sixty days after first loan disbursement.

 


Important Note! - All Students Must Re-Apply For Financial Aid On An Annual Basis.