Loans for Graduate Students
Federal Direct Unsubsidized Loan
The Direct Unsubsidized Loan is a federal loan awarded to students with eligibility as determined by the FAFSA.
No credit check is required on these loans, but you may not be in default on any previous student loans to qualify. These loans are unsubsidized, and interest will begin accruing while you are in school. You may defer repayment for up to 6 months after leaving school.
Learn more about the Direct Unsubsidized Loan for Graduate Students
Federal Direct Graduate PLUS Loan
The Direct Graduate PLUS Loan is a federal loan. A credit check is required.
While the interest rate on the Direct Graduate Plus Loan is higher than the Direct Loan made to students, but typically lower than a private loan. Interest will begin accruing as soon as the first disbursement of funds is made, but repayment may be deferred until 60 days after your student leaves school.
Alternative/Private Loans
Alternative loans are offered by third-party, private lenders. A credit check is required and they are not based on financial need. Alternative loans have fixed and variable interest rates which depend on the borrower and co-signer's credit and the loan market. You should exhaust the federal loan opportunities before turning to these Alternative loans.
The amount you may borrow will be the amount that remains from your estimated Cost of Attendance after subtracting other forms of financial aid you have accepted, such as scholarships, grants, work study and federal loans.