Educational loans help students and parents pay college expenses when grants, scholarships, student employment, and other types of aid are not enough. Loans must be repaid, regardless of whether you complete your educational program. Award timeline for loans
Direct Student Loan
The Federal Direct Subsidized / Unsubsidized Student Loan program is the most widely used student loan program.
Borrowing limits, interest rates, and terms of repayment are defined by the U.S. Department of Education.
Direct Parent PLUS Loan
The Federal Direct Parent Loan (PLUS) is for credit-worthy parents of a dependent undergraduate student.
Private Alternative Loan
A non-federal loan used for education related expenses, made by a private lender such as a bank or credit union.
Typically borrowed by a student with a credit-worthy cosigner, some lenders offer parent loan borrowing options.
