A loan is a type of financial aid that requires repayment. Federal loans may be awarded to undergraduate and graduate. Loans can be need-based or non-need-based, so financial need may not be required for some loan programs. Information included on the Free Application for Federal Student Aid (FAFSA) is used to determine eligibility for the Federal Perkins Student Loan, Federal Direct Loans (Subsidized and/or Unsubsidized), Federal Parent Loan for Undergraduate Students (PLUS), and Federal Graduate PLUS Loan. Students also have the option to consider other Private/Alternative Loans for additional funding.
For detailed information about the different loans available click on the links in the left-hand column under Loans for Graduate Students.
Be sure to read the Understanding Your Awards for information regarding circumstances that may cause your aid to be adjusted or canceled. If you withdraw from classes, you may be required to repay some or all of your aid. Review the Withdrawing or Dropping a Class publication for details.