Type of Educational Loans Available
Paying for your education is a significant financial commitment and investment. Before
taking out student loans, make sure that you exhaust all other types of funding such
as scholarships and grants. Once these options are exhausted, you may still have a
gap in funding for which student loans may fill.
Student loan funds are borrowed and will need to be repaid. It is important to understand all the terms, conditions, and language that is associated with your loans. Learning about student loans will help you make smarter loan borrowing decisions. For additional student loan information, go to studentaid.gov.
Federal Direct Loans
Federal Direct loans are low interest loans offered by the Department of Education for students to help pay educational costs.
Federal PLUS Loans
Biological or adoptive parents of dependent students may apply for additional loans to assist you with educational costs.
Please note that any loan borrowed by the student or parent will be submitted to the National Student Loan Database System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.