Drake's Office of Student Financial Planning has staff members who can assist you in understanding your financial aid, budgeting your resources, and loan management. Other services provided by the Office of Student Financial Planning include assessing eligibility for financial aid, awarding aid, administering short-term and emergency loans, and recommending and processing Federal Stafford Loans.
Students meet with a financial aid officer to discuss circumstances and eligibility for the loan.
The repayment date is set by individual circumstances, but the loan must be repaid no later than the beginning of the next academic year. This loan must be repaid within 30 days. No co-signer is required. Paper renewal applications are mailed directly to students by the federal government. Late applicants are awarded on a funds-available basis.