Loans



Federal Student Loans

Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness benefits, which other student loans are not required to provide.
Federal Direct Loans are available to students regardless of income.A Federal Student Loan under Title IV may be more favourable than a private education loan.
 
  • Federal Direct Subsidised Loan - this federally subsidised student loan is available to qualified students. These loans of up to $3,033 per six-month programme are awarded depending upon eligibility, educational programme, grade level and previous loan indebtedness under this programme.
  • Federal Direct Unsubsidised Loan - this federally unsubsidised student loan is available to qualified students. These loans of up to $8,233 per six-month programme are awarded depending upon eligibility, educational programme, grade level and previous loan indebtedness under this programme.
  • Federal Direct Parent Loan for Undergraduate Students (PLUS) - this federally guaranteed parent loan is available through qualified participating programme lenders to parents of dependent students. Parent eligibility is determined based upon credit requirements established by the lenders. Parents who meet the lender requirements may borrow up to the cost of education minus any financial aid the student is receiving.

Private Loan

Private student loans offer variable rates that can increase or decrease over time, depending on the market condition. Students should determine the interest rate of, any fees associated with, and repayment terms of any private student loan they are considering before accepting it. You may not borrow more than the cost of your education less any financial aid received. 

To contact a financial aid representative,  call +1 800 421 7250 ext 4005, or contact us.