Loan Programs

 

Financial Aid Program Award Range Application Description and Conditions of Award
Federal Direct Subsidized Loan Up to $4,500 FAFSA Master Promissory Note (MPN) The loan amount changes based on year in the program. First year student limit is $3,500; second year student limit is $4,500. The maximum subsidized loan is financial need minus Federal Pell Grant and other grant funds.
Federal Direct Unsubsidized Loan Up to $10,500 FAFSA Master Promissory Note (MPN) Independent first year students can borrow a maximum of $9,500 of subsidized and unsubsidized loans combined. Independent second year students can borrow up to $10,500 of subsidized and unsubsidized loans combined. Dependent students are limited to $5500 or $6500 of subsidized and unsubsidized loans combined. Loan maximums are based on year in school.
Federal Direct PLUS Loan Up to Cost of Attendance Master Promissory Note (MPN) Parents can borrow the total Cost of Attendance minus other financial aid for dependent students.

Private Loan Sources

Program or Agency Website Description and Conditions of Award
SallieMae Smart Option Loan MORE INFO Private Loan.  Interest only payments while attending school.  Variable interest rates; lower with a cosigner.   0.25% interest rate reduction if enrolled in automatic debit payments. Co-signer might be required for approval.
Wells Fargo Collegiate Loan MORE INFO Private Loan.  Deferred payments until six months after no longer enrolled.  Variable interest rate 3.5%. Fixed interest rate 7.24%. Co-signer might be required for approval. MORE INFO
Wells Fargo Education Connection Loan MORE INFO Private Loan.  Deferred payments until six months after no longer enrolled.  Variable interest rate.  Minimum interest rate 5.75%.  2% origination fee.  Co-signer might be required for approval. MORE INFO

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