LOANS

Federal Subsidized Stafford Loan - Eligibility is based on financial need as determined by the Free Application for Federal Student Aid (FAFSA) and enrollment at least half time each term. Interest prior to repayment or during authorized periods of deferment is subsidized by the federal government.

Federal Unsubsidized Stafford Loans - Like Federal Stafford Loans, the Unsubsidized Stafford Loan holds the same terms and conditions, except that the borrower is responsible for interest from the day it is disbursed until it is repaid in full, including in-school, grace and deferment periods. Eligibility is not need-based.

Parent Loans for Undergraduate Students (PLUS) -- PLUS loans are for parent borrowers. These loans provide additional funds for educational expenses and, like Federal Stafford Loans, are made by a lender such as a bank, credit union, or savings and loan association. PLUS enable parents to borrow money for educational expenses for each child who is enrolled at least half time and is a dependent student.

Deadlines and guidelines for application to these programs are available from the Financial Aid Office. Aid eligibility is determined on the basis of financial need (except Unsubsidized Stafford and PLUS), enrollment status (full-time, part-time), and satisfactory progress. Doctoral students registered for dissertation and/or internship are considered full-time students. Please consult with the Financial Aid Office for further information and applications.