Loans
Loans can be a useful choice to address gaps not covered by other forms of financial aid. Explore the options available for you and your educational journey.
Federal Stafford Unsubsidized Loan
Loans borrowed through the Stafford unsubsidized loan program do not consider need. Combined with other aid, loans cannot exceed the student’s budget. Stafford unsubsidized loans accrue simple interest, capitalized onto the principal at repayment. The interest rate varies around 6%. The U.S. Department of Education determines rates and fees. Visit the Federal Direct Loans page on the university’s financial aid website.
Graduate Loan Plus
If a balance remains after federal loans and all other aid have been deducted from the budget, the student can apply for the Graduate Plus loan program to cover the remaining. The Graduate Plus Loan is based on personal credit history. The interest rate varies around 9%. The U.S. Department of Education determines rates and fees. Visit the Graduate Plus Loans page on the university's financial aid website.
Exit Counseling
You MUST complete loan exit counseling before graduating, leaving school, or going below half-time if you have borrowed federal funds. Loan exit counseling will explain your rights and responsibilities as a borrower. It will take approximately 30 minutes to complete. Please note that you will need the PIN you received from the Department of Education to begin your exit counseling. Visit the Exit Counseling page of the Federal Student Aid website to start your exit counseling session.