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Federal Loan Options

Students may be eligible for loan options offered by the Department of Education by completing a for the academic year they plan to attend. A FAFSA is required in order to borrow these loans, and a student’s final eligibility is determined by their school based upon their student status. Visit from studentaid.gov for more information on these loans.

If you are a student borrowing a Federal Direct Loan for the first time, you are required to complete both and a at studentaid.gov. All borrowers must also attend an exit interview prior to leaving the University, and complete . If you have previously completed an MPN or Entrance Counseling, please inform Student Financial Services or your financial aid counselor directly. A school can request that you submit these requirements again, depending on their policies, and if the documents have expired.

Students can use their to view their federal financial aid information, see how much they have borrowed, and determine their lender information. 

Federal Direct Loan funds are sent directly to ̽»¨×å at the beginning of the term they are intended for and are issued each semester. Incomplete documentation can affect the timely disbursement of funds.

Additional Federal Loan Options (PLUS Loans)

Direct PLUS Loans are available to the parents of dependent undergraduate students who may need additional financial aid in order to cover educational expenses for the student. These loans are most commonly referred to as a .

In order to receive a Parent PLUS Loan, parents must apply through Federal Student Aid's online application, and their student must have completed the .

The Parent PLUS Loan interest rate is set by the Department of Education each year. Parents must meet certain credit requirements in order to qualify. Parent PLUS Loans include a loan fee set by the Department of Education. More information about the interest rate, eligibility requirements, and loan fees are available

All federal student aid, including Federal Direct Loans, will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, servicers, and schools determined to be authorized users of the data system. Students and Parents are also able to view information about the loans they have borrowed by visiting their FSA Dashboard on

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Updates to Parent PLUS Loans as of July 2026

Starting July 1, 2026, Parent PLUS Loans will no longer cover up to a student's full cost of attendance. Parent PLUS Loans will be capped at $20,000 per year (per dependent student), with an aggregate limit of $65,000. Students and families who wish to borrow more than the limit on Parent PLUS will need to seek additional loan options. More information about the changes to the Parent PLUS Loan that will affect new students and borrowers is available on our updates page.

For current and continuing borrowers, a time-limited exception is available to continue borrowing your Parent PLUS Loans as you have previously for up to 3 additional years. Borrowers must meet the following requirements:

• The student must remain continuously enrolled in the same program of study at the same instititution they were enrolled in as of June 30, 2026, AND,
• Either
  • The Parent Borrower must have had a Parent PLUS Loan disbursed for that same program before July 1, 2026, OR
  • The student must have had a Direct Loan (subsidized or unsubsidized) disbursed for that same program before July 1, 2026.
• If the above requirements are met, the new Parent PLUS Loan limits do not apply while the student is completing their program, for up to 3 years, provided the student remains continuously enrolled (i.e., does not withdraw or otherwise cease enrollment outside of scheduled breaks or non-required terms, such as summer).

More detailed information is available from the updates page: Federal Student Aid Changes OBBBA

Private Loans or Alternative Loans

Private Loans are an alternative or additional funding option to use in place of, or alongside, Federal Student Loans. These loans are maintained by lenders outside of the Federal Loan Servicers and are subject to their own credit determinations and disbursement limitations. Students and families are free to choose any alternative lender, whether they are provided in the link above or not. If you have specific questions, please contact Student Financial Services or your financial aid counselor directly for more information.