A loan is money that you or your parents (if applicable) must pay back with interest. If you apply for federal student aid, you may be offered loans as part of your financial aid award. If you do decide to borrow one of the federal loans listed make sure you understand the terms and conditions of the loans and complete any requirements such as Entrance Counseling and sign any required documents, such as a Master Promissory Note.
You may also seek private loans to cover any remaining tuition balances. Be sure to read and understand all aspects of your borrowers agreement prior to signing, including interest rates and repayment terms and conditions.
Types of Loans