Borrowing Options to Bridge the Gap
Students may consider borrowing money to pay for their education. Loans are a type of aid that must be repaid, therefore, they should be considered after exploring scholarship and grant opportunities.
Loans must be repaid with interest. Before borrowing, explore all scholarship and grant options first. Only borrow what you need.
A fixed-interest loan available to student borrowers. Interest is paid by the government while the student is enrolled at least half-time. Payments are deferred until 6 months after graduation, withdrawal, or enrollment drops below half-time status.
First-time borrowers of Federal Direct Loans must complete a Master Promissory Note before loans will be disbursed.
Fixed-interest loans available to student borrowers. Interest accrues while the student is enrolled. Payments are deferred until 6 months after graduation or withdrawal below half-time status.
First-time borrowers of Federal Direct Loans must complete a Master Promissory Note before loans will be disbursed.
Fixed-interest loan available to parents of dependent students. The PLUS loan is a credit-based loan and requires a separate application and Master Promissory Note completed by the parent. Payments can be deferred while the student is enrolled at least half-time.
Variable interest rate loans available to student borrowers. These loans are credit-based and typically require a creditworthy co-signer. Please talk with the Financial Aid Office before applying for a private loan.
| Grade Level | Base Direct Loans | Additional Unsubsidized — Dependent | Additional Unsubsidized — Independent |
|---|---|---|---|
| Freshman (0–27 units) | $3,500 | $2,000 | $6,000 |
| Sophomore (28–59 units) | $4,500 | $2,000 | $6,000 |
| Junior (60–89 units) | $5,500 | $2,000 | $7,000 |
| Senior (90+ units) | $5,500 | $2,000 | $7,000 |
Institutions that enter into an agreement with a potential student, student, or parent of a student regarding a Title IV, HEA loan are required to inform the student or parent that the loan will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.
Our Financial Aid team can walk you through your borrowing options and help you make the best decision for your situation.