Federal Direct Student Loans
The Federal Direct Student Loan program is a loan funded by the federal government to help pay for your education. A federal student loan is borrowed money you must repay with interest. Students who demonstrate financial need may receive a subsidized loan which means the government will pay the interest while you are in school. Unsubsidized loans are made to eligible undergraduate, graduate and professional students and is not based on financial need. This loan type accrues interest while you are in school. To be eligible, students must be enrolled at least half-time in a degree seeking program and must complete the Free Application for Federal Student Aid (FAFSA) each year.
Maximum Yearly Loan Amounts: (Dependent)
|Freshman||(0-29 credit hours)||$5,500||$9,500|
|Sophomore||(30-59 credit hours)||$6,500||$10,500|
|Junior||(60-89 credit hours)||$7,500||$12,500|
|Senior||(90+ credit hours)||$7,500||$12,500|
Federal Direct PLUS Loans are loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other forms of financial aid. Eligibility is not based on financial need, but a credit check is required. Borrowers who have an adverse credit history must meet additional requirements to qualify.
Step-by-step directions on how to apply.
Private (Alternative) Loans
North Greenville University does not have a preferred lender. Listed below are lender websites (in alpha order) from which you may choose. These are lenders our students have borrowed from the past three years. You may review the information and apply for an alternative loan for the upcoming school year. There may be others on the Internet that you can find through your own research. Tip: Review their information and benefits before choosing the one that best meets your individual needs.
Possible lender websites: