Applying for Loans

Research your financing options to determine the best choices that will meet your needs and lifestyle. Most graduate/professional students draw from a combination of funding resources to finance their education. Proceed with the funding options below upon receipt of your Financial Aid Notification.

Federal Direct Unsubsidized Loan

The Federal Direct Loan Program offers a low-interest rate loan to help offset the cost of higher education. Based upon the completion of the FAFSA, a graduate/professional student may borrow through this federally guaranteed, non-need-based loan program. 

First-Time Borrowers:

Use the Federal Direct Loan Instructions to complete the two steps below:

  • Complete Entrance Counseling (may be completed for both the Federal Direct Unsubsidized Loan and the Federal Direct PLUS Loan programs)
  • Complete Master Promissory Note (MPN)

Repeat Borrowers:

  • The Federal Direct Loan will be processed for the amount listed on the Financial Aid Notification unless the student communicates his or her desire to decline or reduce the loan amount with the Office of Financial Aid.

Federal Direct PLUS Loan

Students needing assistance beyond the Federal Direct Unsubsidized Loan may consider the Federal Direct PLUS Loan. Based upon the completion of the FAFSA and the borrower's credit history, a graduate/professional student may borrow through this federally guaranteed, non-need-based loan program.

All Borrowers:

  • Visit studentloans.gov
  • “Sign In” using your FSA ID (or Username and Password)
  • Select Request a Direct PLUS Loan
  • Select the Loan Type and complete the application

First-Time Borrowers:

  • Complete Entrance Counseling 
  • Complete Master Promissory Note (MPN)

Repeat Borrowers:

  • Complete Master Promissory Note (MPN), if requested

For additional information on the terms and conditions of the Federal Direct Loan Programs, please review Borrowed Assistance.

Learn more about the Federal Direct Unsubsidized Loan and Federal Direct PLUS Loan programs by visiting studentloans.gov.

You may learn more about repayment options for both programs by visiting direct.ed.gov/calc.html.

Private Loans

After exhausting the opportunities available from the federal aid programs, students may consider private loan programs as a source of funding. As always, taking on debt for any reason should be done deliberately and only for the amounts needed. Additional information is available from the Department of Education publication, Federal Aid First.

Loan Disbursement

Financial aid Is typically disbursed to the student’s University account in two equal installments (fall and spring), unless otherwise noted.

If your total aid exceeds your total charges in your University account, you may request a refund of the excess funds by completing the Online Refund Request Form on the Office of Student Accounts website. Please review the Federal Title IV Funds Policy for information on the disbursement of federal financial aid funds.