Repayment of principal begins after the student ceases to be enrolled at least half-time. Loan amounts are restricted by the cost of education, resources available, state and federal regulations. APSU requires that a Federal Application be completed and SARS submitted to our office. A separate PLUS loan application is also required. Repayment begins immediately upon funds being disbursed.
Interest rates are variable.
Parents may borrow up to the cost of education minus any resources available to the student. A 30 day delayed delivery of a loan is required of first-time borrowers. The exception to this policy is that students who are enrolled at Fort Campbell Center will have their awards disbursed in fourths to coincide with the four sessions of the academic year at the center. Summer assistance is managed in a different manner. For additional information on availability and disbursement of summer funds, contact the Financial Aid Office.