Student Loans

1.       Federal Direct Unsubsidized Student Loan- The borrower is responsible for interest that accrues during deferment periods (including in-school) and during the six-month grace period. Graduate students may borrow $20,500 per academic year (fall, spring, summer).

2.       Alternative Loans- A list of private lenders can be found at www.elmselect.com . Each lender maintains their individual website with current interest rates and other pertinent information. Be sure to stay informed of interest rates and repayment responsibilities.

3. Graduate PLUS – available to graduate students who have exhausted their annual direct loan eligibility. The borrower must meet PLUS loan borrow criteria as explained in https://studentaid.gov. If approved, the borrower is responsible for interest that accrues during deferment periods (including in school) and during the six-month grace period. Borrowing power is based upon a student’s cost of attendance less any other current financial assistance.