Faculty & Staff  |  Current Students

News | Calendar | Directory | Library | Give

Loans

Financing your education - loans

Loan programs make it possible for students and their families to borrow funds to help cover a portion of educational expenses. Most students, in fact, need some type of loan to help finance their educations.

Student loans are debts that must be repaid. However you do not have to start repaying most student loans until after you leave school or graduate. And in addition to delayed repayment, student loans have relatively low interest rates, several repayment options and other favorable terms and conditions. Entrance and exit counseling is required to help you and your family understand the responsibilities that come with borrowing these funds.  

The most common student loans are listed below. Click on each loan type for more information. 

Point Park's financial aid professionals can provide you with detailed information so you can determine what loan might be right for you and your family. Contact us today.

Loan

Annual Amount

Interest

Eligibility

Repayment

Federal Perkins $500 - $2,000 5% All students are initially considered for funds Begins 9 months after graduation; up to 10 years
Federal Direct Loan* $3,500 subsidized; $5,500 unsubsidized
Fixed; capped 4.66%
Freshmen; need-based for subsidized
Begins 6 months after graduation

$4,500 subsidized; $6,500 unsubsidized
Fixed; capped 4.66%
Sophomores; need-based for subsidized
Begins 6 months after graduation

$5,500 subsidized; $7,500 unsubsidized
Fixed; capped 4.66%
Juniors, Seniors and Post-Bachelor Degree students; need-based for subsidized
Begins 6 months after graduation
  $20,500 unsubsidized Fixed; capped 6.21% Master's and Doctoral students Begins 6 months after graduation
Federal Direct Parent PLUS Up to amount of education less aid received

Fixed 7.21%

Parent of undergraduates May be deferred until graduation
Graduate Federal Direct PLUS Up to amount of education less aid received

Fixed 7.21%

Master's and Doctoral students May be deferred until graduation
Private Up to amount of education less aid received
Varies Undergraduate or Graduate students with loan co-signer; International students with U.S. citizen co-signer
Varies by lender

* Read important information about annual and aggregate loan limits for Federal Direct Student Loans.