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{{youtube:small:right|mTHtn0FRMWw,Responsible Borrowing}}Loans are funds that must be repaid by the student or, in the case of the Direct Parent PLUS Loan, by the parent. The interest accrued and the repayment schedule depends upon the type of loan. There are various types of education loans that can assist students and parents in paying for a college education.

Types of Loans
Direct Subsidized and Unsubsidized Loans

Direct Subsidized Loans are available to undergraduate students with financial need. Direct Unsubsidized Loans have no requirement to demonstrate financial need.

PLUS Loans

Eligible parents and graduate or professional students can apply for a federal Parent PLUS Loan (for undergraduates) or Grad PLUS Loan.

Private Loans

Many lending institutions offer private loans that are credit-based and should only be considered after exhausting all federal loan options.

Which Type of Borrower Are You?

Get more information about the loans available to you.

Other Loans

Other Loans
W&M Emergency Loan Program

An emergency loan is available for students to borrow funds from W&M for a period of 30 days without interest when financing from other sources can’t be secured. An emergency loan is available once a semester to students who, because of extenuating circumstances, cannot secure needed financing from other sources in a timely fashion. Please contact the Office of Student Affairs for more information.

Bar Study Loans

Loan for bar study-related expenses that are not covered by federal student loan programs, such as bar exam course fees and deposits.

Perkins Loan

Perkins Loans were discontinued several years ago. If you had a Perkins Loan before Oct. 1, 2017, and this loan is still active/due, servicing information can be found on the Perkins Loan page.

We're Here to Help

Feel free to email the [[jmmeie,loan department staff]] with any questions. 

Please note that the deadline for applying for loans is the last day of classes in the spring (or the last day of summer classes if you are attending summer session).

We endorse the principles of the National Association of Financial Aid Administrators (NASFAA), our professional organization. Our primary goal is to help students achieve their educational potential by providing appropriate financial resources.