Applications are available in the Financial Aid Office prior to the beginning of each semester. Non-resident students should check with their education department in their home state to determine availability of state programs. A Stafford Loan is a low-interest loan made to a student by a lender, such as a bank, credit union, or savings and loan association, to help assist with educational expenses. Students who demonstrate financial need qualify for subsidized loans, which means that the federal government will pay the interest while the student is in school and during the grace period. Students who do not demonstrate need will be eligible for unsubsidized loans, which means that the students will be charged interest while in school, but may defer and capitalize interest payment until completion of school.
Parents can borrow for either dependent undergraduate or graduate students.
The amount that can be borrowed may be as high as your full cost of education minus any financial aid. Applications are available from your lender. Financial Aid Suspension Students who receive financial aid and who do not complete any credits or receive a 0.0 GPA for that semester will be placed on financial aid suspension, which terminates all financial aid and eligibility. A student may appeal the financial aid suspension in writing to the Financial Aid Committee. Forms are available in the Financial Aid Office.