Loan Options/Paying Your Bill

There are 3 types of loan programs for Graduate students:

FEDERAL DIRECT STUDENT LOAN:

A federal loan where the student is the borrower.  Students must be enrolled at least half-time (5 credits each term) to be considered for the Federal Student Loan.

FEDERAL DIRECT GRADUATE PLUS LOAN:

A credit based federal loan where the student is the borrower.  Students may borrow up to the Cost of Attendance minus any financial aid the student is receiving.  A credit-worthy endorser (co-signer) may be required by the lender.  Students must first have their eligibility determined for the Federal Direct Student Loan before borrowing the Graduate PLUS loan.

PRIVATE ALTERNATIVE LOANS:

These are private credit based loans where the student is the borrower and may require a credit worthy co-signer.  Students should maximize their federal loan eligibility before applying for a private loan.