Loans

Educational loans are low interest loans that must be repaid. Loans are available through the federal government (the William D. Ford Federal Direct Loan Program) in which eligible students borrow directly from the U.S. Department of Education. 

Educational loans are also available from state and private lenders and are known as alternative loans. We encourage you compare the available loan options before choosing a lender and borrow only what you need. Your student loan payments should be only a small percentage of your salary after you graduate. 

2026-2027 Loan Updates

Changes are coming to federal financial aid this summer due to the One Big Beautiful Bill Act (OB3). The bill includes changes to loan limits, Pell grant eligibility, and the Schedule of Loan Reduction. To see how this may affect you, go to our OB3 Update page.