LOANS
Federal Direct Loan Program
- Graduate students at Point Park University who are taking a minimum of six credits per semester may apply for a Federal Direct Loan.
- Graduate students are eligible to borrow a maximum of $20,500 per academic year under the Federal Direct Loan program.
- Students who have financial need may have a maximum of $8,500 of the $20,500 total loan as a subsidized loan, which means the government pays the interest on the loan while the student is in school and in repayment.
- Students may pay the interest and principal, or defer both, on unsubsidized loans during the in-school periods. Repayment begins six months after the recipient concludes their education or is no longer enrolled on at least a half-time basis.
- The annual interest rate is determined by the federal government.
- All incoming graduate students will be asked their lender preference before the loan is finalized.
- All new and returning graduate students will need to complete a Direct Master Promissory Note for the 2010-2011 academic year. Please visit www.studentloans.gov to complete the MPN and Entrance Counseling.
Graduate Federal Direct Plus Loan
- Borrow up to the total education cost less other student aid, low fixed interest rate, no required payments while in school at least half-time, no income requirement, flexible repayment, no prepayment penalty.
Graduate FDPLUS Credit Check Application
Private Student Loans
Once you and your family have considered all federal, state and other resources and options, you can use the Pennsylvania Private Loan Marketplace to instantly and accurately compare rates and terms from multiple private lenders side-by-side. This will help you make an informed decision about the most appropriate loan for you. The Pennsylvania Private Loan Marketplace displays products from local and national lenders, complete with detailed lists of APR’s, interest rates, total costs, monthly payments, borrower benefits, fees and repayment options.
Point Park University does not endorse any lender either on the Pennsylvania Private Loan Marketplace or any other lender. You have the right to choose any lender for your private loan option and Point Park University will certify any loan from any lender you chose.
Pennsylvania Private Loan Marketplace
Disclosure Information Regarding Pennsylvania Private Loan Marketplace
