Student Loans

Loans are borrowed funds which must be repaid with interest at a later time. When deciding to take out a loan, you should only borrow what you absolutely need so you keep your loan debt as low as possible.

The information below provides an overview of the types of loans available, how to apply, and additional requirements which may need completed for the loan to disburse.

• Undergraduate Loans
  • Federal Loans
    • Federal Direct Subsidized Loans
    • Federal Direct Unsubsidized Loans
    • Federal Direct Parent Plus Loan
  • Private Educational Loans
• Graduate Loans
  • Federal Loans
    • Federal Direct Unsubsidized Loans
    • Federal Direct Graduate Plus Loan (only eligible to legacy borrowers)
  • Private Educational Loans

Not Eligible for Loans:

• International Students: International students are not eligible for federal loans. If international students choose to pursue loans from private lenders, they normally are required to have an endorser/co-signer who is a US citizen or US permanent resident with good credit who has lived in the US for a certain period of time.

Legacy Provision for Loan Eligibility 

To qualify under the legacy provision rules built into OBBB, a student and/or parent must be a federal direct loan borrower of a loan that disbursed before July 1, 2026. 

Additionally, the student must remain continuously enrolled in the same program at the same school . If a student changes programs or withdraws, the student and/or parent borrower will be subject to the new annual and aggregate limits outlined in OBBB. 

• An undergraduate student in an associate program who changes to a bachelor's program would be subject to the new regulations outlined in OBBB. 

• An undergraduate student in a bachelor's program may change majors and still be considered in the same academic program, as long as the student is at the same school and maintains continuous enrollment. 

• A graduate student who changes majors would lose their legacy eligibility and be subject to the new annual and aggregate limits outlined in OBBB. 

Legacy eligibility under these rules extends for up to 3 academic years or until the current degree is completed — whichever comes first. Qualified students and parents may not opt out of the legacy provision. 

Recent Loan Changes

Annual loan amounts will be adjusted based on actual enrollment (if less than full-time in degree-pursuant coursework) for both undergraduate and graduate/professional students. This may result in a reduction of federal loan eligibility for a student enrolled less than full-time for the academic year. More information on this change is not yet available.