Grants & Loans
Loans
Unlike your grants and scholarships, which are automatically credited to your student account, the student or parent borrower must initiate the loan online.
Several factors will help you determine which loan program(s) might be best for you and your family.
| Federal Sub Stafford | Federal Unsub Stafford | Federal Plus/Parent | Private Loan |
|
Student Loan Need-based 5.05% interest 1.062% origination fee |
Student Loan Non-need-based 5.05% interest 1.062% origination fee |
Parent Loan Requires a credit check 7.60% interest 4.248% origination fee |
Student and Parent Loans May require a cosigner Interest and origination fees vary ELM Select - Preferred Lender List Apply for Private |