Types of Federal Loans

Subsidized Stafford Loan
The government defers the principal and pays the interest while the borrower is in school. You must begin repaying the loan within six months of graduating, withdrawing, or leaving school.
Stafford Loan Request (If you are a first time borrower)

Unsubsidized Stafford Loan
The government defers the principal but not the interest while the student is enrolled. You may choose to pay the interest on a monthly, quarterly, or yearly basis.

PLUS Loan
Parents borrow money that must be repaid in installment beginning 30 to 45 days after the first disbursement of the Plus Loan has been received by the school. To receive a PLUS Loan a parent will be required to pass a credit check.
PLUS Loan Request

To receive a loan
A student must complete the Federal Application for Federal Student Aid (FAFSA) and mail it to the Pell Processing Center in order to be considered for ALL types of aid.

• If the student is selected for verification all requested documents must be sent to the Financial Aid Office
• The student must be accepted at an institution and must be enrolled in a degree-seeking program
• The student must maintain Satisfactory Academic Progress for financial aid
• The student must take at least six (6) credit hours or more to receive a student loan

Loan entrance counseling
All incoming freshman and transfer students must attend a Loan Entrance Counseling Session if they accept a Subsidized Stafford Loan or an Unsubsidized Stafford Loan. This is not an institutional mandate, but a mandatory federal requirement.

Entrance counseling is now available online: Stafford Entrance Counseling

Exit counseling is now available online: Stafford Exit Counseling