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A loan is borrowed money that must be repaid, usually with interest. There are several types of federal, private, student, and parent loans which our office handles.

Loan Comparison

  Type Borrower Student Eligibility Interest
 Perkins Federal Student
  • Undergraduate or graduate 
  • Enrolled at least half time
  • Qualifying level need
  • Availability of funds

(Please note: recipients of Perkins Loan are selected.  It is not available for separate application or request.)

Interest does not accrue while in deferment status.  

Interest rates are determined annually by the United States Congress.

Stafford (Subsidized) Federal Student
  • Undergraduate only
  • Enrolled at least half time
  • Qualifying level of need.

Interest does not accrue while in deferment status.  

Interest rates are determined annually by the United States Congress.

Stafford (Unsubsidized) Federal Student
  • Undergraduate or graduate
  • Enrolled at least half time.

Interest accrues after disbursement and during deferments.

Interest rates are determined annually by the United States Congress.

Grad PLUS Federal Student
  • Graduate or professional
  • Enrolled at least half time.

Interest accrues after disbursement and during deferments.

Interest rates are determined annually by the United States Congress.

Parent PLUS Federal Parent
  • Undergraduate only
  • Dependent only
  • Enrolled at least half time.

Interest accrues after disbursement and during deferments.

Interest rates are determined annually by the United States Congress.

Private / Alternative Private Student
  • Undergraduate or graduate
  • Usually enrolled at least half time. A few lenders will approve loans for less-than-half-time

Interest accrues after disbursement and during deferments.

Interest rates are usually variable, and vary by lender.

Short-Term Institutional Student Undergraduate or graduate student enrolled at least half time. $5.00 flat fee, with no interest.