Student Loan Information

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

• Federal Perkins Loans

Eligibility: Undergraduate or graduate student enrolled full time
Interest Rate: Fixed rate of 5%
Type of Loan: Federal
Borrower: Student

• Federal Stafford Loans

  Subsidized Stafford Loan

  Eligibility: Undergraduate or graduate student enrolled at least half time
  Interest Rate: 0% in school, grace and deferment--Fixed rate of 6.8% during repayment
  Type of Loan: Federal
  Borrower: Student

  Unsubsidized Stafford Loan

Eligibility: Undergraduate or graduate student enrolled at least half time
Interest Rate: Fixed rate of 6.8% in school, grace and deferment--Fixed rate of 6.8% during repayment
Type of Loan: Federal
Borrower: Student

• Federal Parent PLUS Loan

  Eligibility: Dependent undergraduate student enrolled at least half time
  Interest Rate: Fixed rate of 7.9%
  Type of Loan: Federal
  Borrower: Parent

• Federal Graduate PLUS Loan

Eligibility: Graduate or professional student enrolled at least half time
Interest Rate: Fixed rate of 7.9%
Type of Loan: Federal
Borrower: Student

• Private / Alternative Loans

  Eligibility: Undergraduate or graduate student enrolled at least half time
  Interest Rate: Variable (Varies with lender)
  Type of Loan: Private
  Borrower: Student

• Short-Term Loans

  Eligibility: Undergraduate or graduate student enrolled at least half time
  Interest Rate: $5.00 flat fee
  Type of Loan: Private
  Borrower: Student