Student Loans

Student Loan Programs
Private Loan	Demonstrate financial need	Preferred Private Student Loans Minimum of $1,000 Must have good credit record or co-signer with good credit Interest rate varies
Subsidized Federal Direct Loan	Demonstrate financial need Must be enrolled at least half time Graduate students not eligible	$3,500 year 1 $4,500 year 2 $5,500 year 3-5 Interest paid by federal government while student is enrolled at least half time
Unsubsidized Federal Direct Loan	Must be enrolled at least half time Dependent students whose parents are denied for a Parent PLUS loan are eligible for an additional $4000-5000 per year.	$2,000-6,000 year 1 $2,000-6,000 year 2 $7,000 year 3-5 Interest must be paid by student during study or added to principal
Federal PLUS Loan (for parents)	Student must be enrolled at least half time	Up to the cost of education less any financial aid Variable interest rate determined each July

Student Loan Programs