Loans
Need Based (subsidized) Loans
Subsidized loans, available through the federal government, do
not accrue interest or require repayment until after the student
is no longer enrolled in school on a half time basis. To receive
a subsidized loan, the student must complete a Free Application
for Federal Student Aid (FAFSA) and be eligible for need based aid.
Interest Bearing
(unsubsidized) Loans
Unsubsidized or interest bearing loans do not require financial
need (although most require that a FAFSA be filed). Unlike subsidized
loans, unsubsidized loans accrue interest while the student
is in school. Payments of principal may be delayed until the student
is no longer enrolled in school on a half time basis.
Quick Links (for information and applications):
- Federal Unsubsidized Ford Loan
- Federal PLUS Loan for parents
- Minnesota SELF Loan
- Alternative Loans through private lenders
