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A loan awarded based on financial need. Repayment of the loan must begin nine months after the student graduates or ceases to be enrolled. The interest rate is 5% and is not applied until after the nine-month grace period. The current loan amount ranges from $100 to $5500. An entrance interview and exit interview are required for any student awarded this loan. The Business Office conducts both the entrance and exit Interviews for the Perkins Loan.
Direct Stafford Loan Program
Plus Loan Undergraduate Students
A federal loan program available to parents. A PLUS Loan Data Request Form must also be completed in the Financial Aid office. The loan amount is determined either by the parent’s request or by the eligibility remaining towards the student’s cost of attendance. A credit check is required and will be processed by the Direct Loan Service. The current interest rate is 7.21% fixed. Repayment is made through the Direct Loan Program and begins 60 days after the last disbursement of the loan is received. Usually the last disbursement is received in January. PLUS Loans are also available to graduate students, if you would like more information please contact the Financial Aid Office.
Alternative Loan Program