Financial Aid

Letter from the Director

Forms

Rights & Responsibilities

How To Apply

-Student Eligibility
-Dependency Status
-Academic Progress
-Professional Judgement

Frequently Asked Questions

Types of Financial Aid

-Scholarships
-Federal & State Grants
-Stafford Loans
-Stafford Loans MPN
-PLUS Loan
-Alternative Loan
-Choosing a Loan Lender
-Applying for a Stafford Loan
-Entrance & Exit Interviews
-Federal Perkings Loans/Nursing Loan
-Federal Work Study
-Additional Sources of Aid

What's New

Internet Resources

Important Terms

Important Financial Aid Numbers

Admissions

Student Accounts

Staff

Calendars

Directories

Below are the different types of loans a student can receive to help them pay for college.  Please click on the specific type of loan for which you would like more information about.

Stafford Loan
Stafford Loans are the Department of Education’s major form of self-help aid.  Under the Stafford Loan Program, the funds from your loan are lent the school from a bank, credit union, or other lender which you choose that participates in the Stafford Loan (FFEL) Program.  Stafford Loans have a fixed interest rate of 6.0% for subsidized loans and 6.8% for unsubsidized loans for 2008-2009.  The principle amount borrowed under the Stafford Loan is deferred six months until after the student drops under six (6) credits, withdraws, or graduates.

Federal Perkins Loan/Nursing Loan
A Federal Perkins/Nursing Loan is a low-interest (5 percent) loan for undergraduate students with exceptional financial need. The school is your lender. The loan is made with government funds with a share contributed by the school. You must repay this loan to your school.

Plus Loan
Parents of dependent students can take out loans to supplement their children’s’ aid packages. The federal Parent Loan for Undergraduate Students (PLUS) lets parents borrow money to cover any costs not already covered by the student's financial aid package, up to the full cost of attendance.

Alternative Education Loan
Alternative Education Loans help bridge the gap between the actual cost of your education and the limited amount the government allows you to borrow in its programs.  Alternative loans are offered by private lenders and there are no federal forms to complete.

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Comments and questions about this page can be directed to the Office of Financial Aid.

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