Loans
About Student Loans
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. We believe this information will assist you in your decisions. Please feel free to contact the loan department staff if you have any questions. 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).
If you'd like to get a look at how able you'll be to pay off your loans once you graduate, take a look at the Return of Investment Tool. Click "Next" on the first page to get started. This tool may help you determine how much loan debt you should consider taking on.
We endorse the principles of the National Association of Financial Aid Administrators (NASFAA), our professional organization.
Types of Loans
- Direct Subsidized and Unsubsidized Loan
- Direct PLUS Loans
- Direct Parent PLUS Loan (for Undergraduates)
- Direct Graduate PLUS Loan
- Emergency Loan Program
- Private Loans
- Bar Exam Loans
- Perkins Loan
- Perkins loans have been discontinued as of 10/1/2017. If you had a Perkins Loan before 10/1/2017, and this loan is still active/due, servicing information can be found on our Perkins Loan page.
Federal Loan Interest Rates & Fees
Interest Rates (Effective July 1, 2023 - June 30, 2024)Undergraduate Direct Loans
- Subsidized - 5.50% Fixed
- Unsubsidized - 5.50% Fixed
Graduate Unsubsidized Loan - 7.05% Fixed
Graduate PLUS Loan - 8.05% Fixed
Parent PLUS Loan - 8.05% Fixed
Origination Fee (up-front) Effective October 1, 2020 - September 30, 2023
Undergraduate Direct Loans - 1.057% fee
Graduate Unsubsidized Loan - 1.057% fee
Graduate PLUS Loan - 4.228% fee
Parent PLUS Loan - 4.228% fee
Loan Entrance & Exit Counseling Information
You can complete your required counseling sessions by choosing the following:
- Subsidized/Unsubsidized Entrance Counseling
- Unsub & Grad PLUS Entrance Counseling
- Subsidized/Unsubsidized Exit Counseling
- Sub/Unsub & Grad PLUS Exit Counseling
Note: Prior to completing Exit Counseling, you will need to gather your loan information by visiting the National Student Loan Data System (NSLDS).
Helpful Loan Information
- Federal Student Aid Ombudsman
- Loan Consolidation Information
- National Student Loan Data System (NSLDS)
- Department of Education's Federal Student Aid Information Site
- Direct Loan Information
- Loan Repayment Information
