Alternative Student Loans
Alternative student loans are funded by private lenders and are not based on need. Important facts about alternative loans to keep in mind include:
Loans
Federal Direct Loan—Unsubsidized
The Federal Direct Loan—Unsubsidized is not offered on the basis of need. Interest begins to accrue once the loan disburses.
Accept the full or partial amount of this loan on Duckweb.
Three term maximum | Dependent | Independent | |
Freshman (0–44 credits) | |||
Federal Perkins Loan
The Federal Perkins Loan Program ended September 30, 2017.
No further Perkins Loans will be offered.
The Federal Perkins Loan is a low-interest (5 percent), fixed-rate loan for students who have significant financial need, are eligible for federal financial aid.
Federal Direct Loan—Subsidized
The Federal Direct Loan—Subsidized is awarded to qualified students on the basis of financial need.
Accept the full or partial amount of this loan on Duckweb.
Three term maximum | |
Freshman (0–44 credits) | $3,500 |
Sophomore (45–89 credits) | $4,500 |
Graduate PLUS Loan
The Graduate PLUS Loan is offered to qualified students with financial aid eligibility. Read additional information about the Graduate PLUS.
Apply for a Graduate PLUS Loan:
Loans
Federal Loan Programs
- Federal Direct Loan—Subsidized
Based on financial need. Interest does not accrue as long as you are enrolled at least half time. - Federal Direct Loan—Unsubsidized
Not based on need. Interest accrues once you receive the funds. - Graduate PLUS Loan
Offered to qualifying graduate students. - Federal Direct Parent PLUS Loan