Unsubsidized loans can be used to replace family contribution but interest begins accruing immediately. The interest can either be paid while the student is in college, or capitalized. Students can obtain an application from Concordia or their lender. A PLUS loan is limited to the total cost of education minus any other aid. Repayment of the PLUS loan begins while the student is still in school.
Alternative loans are also available.
Concordia also participates in the Federal Perkins Loan Program. Students who show a high need are eligible for this low interest loan. These loans are scheduled for repayment after the student graduates or discontinues his education. Paperwork for the Perkins loan is completed through the Office of Financial Aid. EFC Estimator a sneak preview at what your Expected Family Contribution might be.