Loans
Loans
Loans
There are several types of loans available to you and your family to pay for your college education. We encourage you to consider which options meet your individual needs. We do recommend you first consider your federal loan options since these typically have lower interest rates than private/alternative loan products.
Federal Direct Loans
Federal student loans are available to eligible students who submit a Free Application for Federal Student Aid (FAFSA) with no credit check, no cosigner, and no collateral; simply your signature and promise to repay.
Parent PLUS Loans
A Parent PLUS loan is a federal loan where the parent is the borrower on behalf of their undergraduate student. The parent PLUS loan has generous credit requirements and payment may be deferred while the student remains enrolled. Read more here.
Grad PLUS Loan
This program has been eliminated as a result of the One Big Beautiful Bill. Continuing graduate/professional students may be eligible for a limited time.
Private/Alternative Loans
Private education loans are credit-based, and allow the student to be the borrower and in most cases require a cosigner. Read more about these programs, including our free and objective lender comparision tool, elmselect.
