Loans & Financing Options

Online Students

Federal Sources

Eligibility Requirements

Annual Award Ranges

Federal Direct Stafford Loan Subsidized Program

Students who have demonstrated financial need beyond what financial aid covers are eligible to borrow under this program. The government will pay all interest during the in-school period, and principal repayment is not required while the student is in school.

Up to $5,500 for undergraduates with demonstrated need.

Graduate Students are not eligible for subsidized Stafford Loans.

Federal Direct Stafford Loan Unsubsidized Program

Students who do not have demonstrated need may borrow under this program. Interest will be paid by the borrower while borrower is in school. However, student may opt to defer payment until they leave school.

Up to $12,500 undergraduates (minus subsidized amounts)

Up to $20,500 for graduate students

Federal Direct Graduate PLUS Loans

Available to graduate and professional students who need assistance financing an education that is not covered by other forms of financial aid. Graduate PLUS Loans are available to credit worthy, U.S. citizens or eligible non-citizens. To process a loan you must submit the Free Application for Federal Student Aid (FAFSA) and initially apply for a Stafford loan.

Determined by the total cost of your educational program less your Stafford loan & other financial aid.

Federal Direct Parent PLUS Loan

The federally sponsored Parent PLUS loan is a low interest student loan for parents of undergraduate, dependent students. With a Parent PLUS loan, families can fund the entire cost of a child's education (less other financial aid).

Cost of Attendance less other financial aid.

Alternative Loans
If a student needs to borrow more than the maximum allowed under the Stafford Loan Program, there are numerous alternative loan programs from which to choose. Alternative loans provide an additional funding option often at an interest rate lower than other lines of credit.