If expenses are not met by need-based aid, students may borrow additional funds through the Unsubsidized Stafford Loan program. The results of the Free Application for Federal Student Aid must be on file with the Truman Financial Aid Office to determine need-based eligibility before an application for the Unsubsidized Loan can be processed. Unsubsidized Stafford Loans are not dependent on parental income and assets. Unlike the need-based Stafford Loan, interest accrues while the student is attending school. Parents may borrow through the PLUS loan program.
PLUS loans are long-term loans with a variable interest rate.
Parents may borrow funds up to the school's cost of attendance, less other aid received. The University's automatic scholarships are based on academic merit. The scholarships are automatically awarded upon acceptance to the University based upon the student's high school class rank, grade point average and entrance examination scores. Competitive scholarships are awarded in early spring. Specific questions about the University's scholarship program should be referred to the Admission Office .