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Types of Loans

Students and parents have a number of loan options, which may be offered as part of your financial aid award offer or “package.”  Please note that students must be registered for at least 6 credits to receive loan funding, and must maintain 6 or more credits of enrollment to avoid going into repayment of loans. 

There are two kinds of education loans: Federal loans and alternative (or private) loans:


• Federal Direct Loans (undergraduate and graduate students)
• Federal Parent (PLUS) Loans (parents of undergraduate, dependent students) 
• Federal Perkins Loans (undergraduate students)
• Federal Nursing Loans (undergraduate students)
• Federal Direct Graduate PLUS Loan (graduate students)


• Alternative (Private) Loans (undergraduate and graduate students)

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Last Updated: 6/26/13