Are you looking for information on student loans? This page provides an overview of the various options available to students seeking financial assistance for their education.

Types of Student Loans

  • Federal Student Loans: These are loans offered by the government, with fixed interest rates and flexible repayment plans.
  • Private Student Loans: These are loans offered by banks and financial institutions, often with variable interest rates and stricter repayment terms.

How to Apply

The application process for student loans generally involves the following steps:

  1. Complete the FAFSA: The Free Application for Federal Student Aid is the first step in applying for federal student loans.
  2. Review Your Financial Aid Award Letter: This letter will outline the types and amounts of financial aid you are eligible for.
  3. Accept or Decline Your Loans: Once you receive your financial aid award letter, you can accept or decline the loans offered.

Repayment Options

There are several repayment options available to students after graduation:

  • Standard Repayment Plan: This plan allows you to pay off your loan in 10 years.
  • Graduated Repayment Plan: This plan starts with lower monthly payments that gradually increase over time.
  • Income-Driven Repayment Plan: This plan bases your monthly payments on your income and family size.

Additional Resources

For more information on student loans, please visit our Financial Aid page. You can also find helpful tips and resources on managing student loan debt.

Student Loan Calculator