As students and parents explore academic options, many also look to borrowing as a way to finance college costs. Borrowing is a common practice, and ensures you will have the tools necessary to earn a degree. Students and parents can borrow money from the federal government, state government or private lenders. These loans must be repaid. Borrowers are responsible for signing a Master Promissory Note for each loan program, which is a binding, legal document through which the borrower agrees to repay the loan. To be considered for any federal loans, students must fill out the Free Application for Federal Student Aid (FAFSA).
Federal Direct Student Loans (undergraduate, second degree, paralegal, post-baccalaureate, graduate)
Federal Direct PLUS Loan (parents of dependent students)
Federal Direct Graduate PLUS Loan (graduate students)
Private Alternative Loans (all students)