Loans

LOANS

Graduate students at Point Park University who are taking a minimum of six credits per semester may apply for a Federal Stafford Loan.
Graduate students are eligible to borrow a maximum of $20,500 per academic year under the Federal Stafford 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.
Point Park University is an eligible Federal Stafford Loan KeystoneBEST lender for graduate students. Any proceeds from the Point Park University loan program must be used as need-based aid for students.
- To learn more about the KeystoneBEST benefits, go to http://www.aessuccess.org/find_aid_for_school/stafford/keystonebest.shtml.
- All incoming graduate students will be asked their lender preference before the loan is finalized.
New borrowers and students who have not borrowed a Federal Stafford Loan since July 1, 2000 should review the next steps to completing the loan application process.

Loans through private lenders that allow students to borrow additional monies if the student has exhausted all other sources of aid.
Loan rates and terms vary by lender.
Click here for additional information.

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.