Loans are often a part of a financial aid award. The following long–term, low–interest loan programs provide students with an opportunity to defer the cost of their education.
Federal Stafford Loan: Subsidized and unsubsidized low–interest, long–term loans provided by the William D. Ford Federal Direct Loan Program. The federal government pays the interest on subsidized loans while the student is enrolled at least half–time. Repayment begins six months after graduation or when the student ceases to be enrolled at least half–time.
Parents Loan for Undergraduate Students (PLUS): The PLUS loan program is designed to assist parents of dependent students who are not eligible for need–based assistance or who need funds in addition to their Federal Stafford Loan eligibility. Parents may borrow up to the cost of education less any estimated financial aid each year. Repayment begins 60 days after disbursement.
Jewish Family Services Loan Fund: A short–term, interest–free loan program available to all students for any related educational expense. The maximum loan amount is $600. Applications are available in the Business Office.