Loans are available through various federal programs that help make them more borrower-friendly. Loans are also available through private sources. Look through the whole list to see which may be best for you.
These allow you to borrow money for education at a low interest rate. You must repay your loans, with interest.
Federal Direct Loans, Subsidized and Unsubsidized
Eligibility: Must File FAFSA. Need-based.
- Freshman: up to $5500
- Sophomore: up to $6500
- Junior: up to $7500
- Senior: up to $7500
- Graduate: up to $20,500 (all Unsubsidized) Not to exceed budget
For more information: go to StudentLoans.gov will help answer most questions.
What’s the difference between a subsidized and an unsubsidized loan? Find out here.
Important Federal Direct Loan Information
Be sure to complete your Federal Direct Loan Master Promissory Note and Entrance Counseling Form at StudentLoans.gov.
You must also download and complete the Authorization to Use Title IV Funds form and return it to the Financial Aid Office.
Parents PLUS Loan
Eligibility: Must File FAFSA. Non-need-based.
Amount: Up to total cost of attendance.
Comments: For more information go to StudentLoans.gov.
Our Financial Aid Office will work with any lender and servicing agency to process a private education loan for our students. Please be advised that these loans may be more expensive than federal loans. The terms and conditions of private loans vary from lender to lender and we encourage all borrowers to review and evaluate each program.
To insure timely processing of your loan, please monitor your application once submitted. Each lender’s process may vary, but each step must be completed before a disbursement is made to Franciscan University.
FAST Choice from Great Lakes Educational Loan Services, Inc., has a private education loan selection tools that provide basic information on private loans and detailed listings of the various interest rates, borrower benefits, fees and repayment options, allowing you to accurately compare rates and terms side-by-side. We strongly suggest looking at all of your options before making a final selection