Various grants are available to eligible students and are usually based upon financial need. Grants are financial aid awards that do not require repayment.

For undergraduates with exceptional financial need who haven't earned bachelor's or professional degrees; in some cases, however, a student enrolled in a postbaccalaureate teacher certification program might receive a Federal Pell Grant.

Direct subsidized loans are available to undergraduate students with financial need. Direct subsidized loans must be repaid-with interest.

The U.S. Department of Education pays the interest while the borrower is in school (at least half-time), for the first six months after borrower leaves school (referred to as a grace period*), and during a period of deferment (a post-ponement of loan payments).

Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. Borrower is responsible for paying the interest on a Direct Unsubsidized Loan during all periods.

Parents of dependent undergraduate students may apply for Direct PLUS loans up to the total cost of attendance, minus any other financial aid the student receives. The borrower is responsible for all interest. Student must be enrolled at least half¬time; financial need is not required. 

School determines the amount you can borrow based on your cost of attendance and other financial aid you receive.

For the latest information on interest rates visit: StudentAid.gov/interest.

Direct PLUS loans must be repaid-with interest. The borrower is responsible for all interest. Students must be enrolled at least half¬time; financial need is not required.

The U.S. Department of Education makes Direct PLUS Loans to eligible parents and graduate or professional students through schools participating in the Direct Loan Program. A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent, and as a grad PLUS loan when made to a graduate or professional student.