Loans
The federal government sponsors various loans available to students. Listed below are the current loan types.
Subsidized Federal Stafford Loans
Eligibility is based on student’s financial need as determined by the FAFSA. Annually graduate students may borrow up to $8,500 at the graduate level. Funds are available through a local bank or credit union and repayment begins six months after graduation or cessation of enrollment.
Unsubsidized Federal Stafford Loans
This program is available to students who do not qualify for Subsidized Federal Stafford Loans. The primary difference between the Subsidized Federal Stafford Loan is that the loan interest must be paid while the student is enrolled. Payment on the principle is deferred until graduation or cessation of at least half-time enrollment. Annually graduate students may borrow up to $8,500 at the graduate level. An additional $10,000 is available to graduate students who qualify.