Other Funding Options

There are a variety of different credit-based loan options from the federal government and private lenders. Credit-based loans require an application and credit approval. However, there are differences between federal and private loans such as the borrower, the lender, interest rates, fees, and terms. We have tools to help you determine what works best for you!

Private Loans

• Interest rates vary by lender.
• The borrower may be the student or the parent (depending on lender and loan).
• Student usually needs a cosigner.
• Visit our Private Loans webpage for more information, including tips, when to apply, comparing the PLUS loan to private loans, comparing private lenders, and search resources.

Federal PLUS Loans

Parent PLUS loans are potential options for parents of dependent undergraduate students. These loans are in the parent's name.

Graduate PLUS loans are potential options that can be borrowed by graduate-level students. These loans are in the graduate student's name.

• Interest rates are fixed. Visit the Federal Student Aid website on student loan interest for the most up-to-date information on current interest rates for federal loans.
• Borrowers can begin applying for PLUS loans starting in May for the following academic year at the Federal Student Aid website.
• Visit our Federal Parent PLUS Loan webpage or Federal Graduate PLUS Loan webpage for more information and frequently asked questions.

If you or your family will be paying your balance due in full and want information on how to submit payments to the University, visit the Payments webpage for more information. There are also tutorials to help walk you through submitting payment online.