Sometimes families need resources
beyond those indicated on the award letter to meet outstanding costs. In addition to the Hope Payment Plan, there are loan programs available.
Loan Period Dates
Use the following dates, applying for the full year unless the
student attends only one semester.
Fall 2013& Spring 2014: 08/27/2013
Fall ONLY 2013: 08/27/2013 to 12/13/2013
Spring ONLY 2014: 01/07/2014 to 05/02/2014
05/04/2014 - 07/25/2014
The maximum loan amount
is the student's
Cost of Attendanceminus
All Financial Aid Received.
you want to include costs that exceed the typical Estimated
Cost of Attendance (such as tuition charges in excess of 16 credits
for a semester) contact the Office of Financial Aid.
Financial Aid and Loans
Apply for financial aid using the FAFSA (www.fafsa.gov) to determine your eligibility for federal, state and
institutional assistance before considering the PLUS Loan or a private
For information about
federal aid versus private loans, see Federal
Direct PLUS Loans
Parents or stepparents may apply for this loan that requires
a simple credit approval process. (If the parent is denied, the
student may request additional unsubsidized Federal Direct Loan.) Repayment
begins after the full loan is disbursed but the borrower may request
postponement of interest and/or
principal while the
at least half time enrollment. Interest accrues if not paid
and is added to the loan balance prior to starting full
payment. Parents must reapply each year. For more details, click
Private Educational Loans
These loans offer
of lender, various terms and other features.
they are based on consumer credit, students generally need a
cosigner. Students must reapply each year. There are many private loan companies, banks, and credit unions offering educational loans. Just be sure to pick one that requires school certification to receive the best availalbe terms.
an interactive online program allows
you to view the features of and compare various
private loan products. It also
but critical information about types of funding and money management. You
are not limited to borrowing from the products displayed.
One step in the private loan
application process requires student applicants to submit a Self-Certification
Form. The lender will provide the form to you. Obtain
the information needed from your KnowHope
Plus Account. Go to the Financial Aid section, select Aid
then Award Overview.
College Resource Planner
Loan Borrower Resource Guide
to ask about private educational loans
Consumer Financial Protection Bureau (CFPB)- If
or complaints about a debt collector, lender, or servicer, go online or
call the toll-free hotline (855-411-CFPB). More
about the CFPB's complaint system.