Paying for tuition, room, board, and books can be expensive. Learn more about the loans you might be using.

Types of Loans

Student loans are a good investment in your future. It’s a good idea to keep your borrowing to a minimum. Borrow only what you need to cover necessary expenses, not extras. To lower your monthly payments, pay interest while in school or in your grace period. Unpaid interest is added to your loan balance (capitalized) when you enter repayment.

 The most common loan types are: 

• Subsidized Direct Loan - no interest due during the in-school or grace period
• Unsubsidized Direct Loan – interest begins to accrue at the time of disbursement and will continue throughout the life of the loan
• Perkins Loan – no interest due during the in-school or grace period. Some loan forgiveness options
• Parent PLUS Loan – available to parents of dependent students
• Graduate PLUS Loan - available to graduate and professional students
• Private or Alternative Student Loans - available to credit worthy students

   For a description of loan terms and interest rates, click here.

Keep Track of How Much You Owe

Do you know how much Student Loan Debt you have? The best place to find your complete loan history of federal loans borrowed is at the National Student Loan Data System (NSLDS) website. In addition to loan history, contact information is provided for the servicer that holds your loan. To access NSLDS click on the button below:

National Student Loan Data System 

Repayment

There are many repayment options offered to borrowers.  Payment generally begins 6 months after you are no longer enrolled at least half time (9 months for Perkins Loans). For more information click the button below:

Exit Counseling & Loan Repayment Information