LOANS
Federal Direct Loan Program
- Part-time and accelerated students at Point Park University who are taking a minimum of six credits per semester may apply for a Federal Direct Loan.
- Students may borrow up to $5,500 per year as a freshmen, $6,500 per year as a sophomore, and up to $7,500 per year as a junior or senior. 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.
- For independent undergraduate students and dependent students whose parent is denied the Federal Direct PLUS loan, the unsubsidized loan can be obtained in additional amounts of $4,000 per year for freshmen and sophomores, and $5,000 per year for juniors and seniors.
- All returning 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.
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. We understand that participating lenders pay fees to Overture Technologies for completed promissory notes and that these lenders receive them through the Pennsylvania Private Loan Marketplace. Neither Overture Technologies nor any participating lender pays fees or provides any other compensation or incentive to Point Park University for referring students to Overture’s Pennsylvania Private Loan Marketplace.
Pennsylvania Private Loan Marketplace
Disclosure Information Regarding Pennsylvania Private Loan Marketplace