Loans

Loans are one of the three major types of student aid. Unlike grants and scholarships that do not have to be repaid, loans are a form of aid that must be repaid. Repayment typically starts 6 months after graduation or when the student's attendance drops below half-time. When reviewing loan options, we suggest you always take advantage of federal loans first.

Federal Student Loans

Subsidized

Subsidized loans are based on financial need, and the government pays the interest while the student is in school, during the grace period after leaving school, and during deferment periods.

Unsubsidized

Unsubsidized loans are not based on financial need, and the borrower is responsible for paying all interest, including during school, grace periods, and deferment periods. However, students do not need to demonstrate financial need to qualify for these loans.