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Loans

About the Federal Direct Stafford, Parent PLUS, Graduate PLUS, and Perkins Loans, as well as federal loan servicers and resources for private alternative loans.

Federal Direct Stafford Loan

The Federal Direct Stafford Loan is available through the William D. Ford Federal Direct Loan Program to help pay for educational expenses. The Penn State Office of Student Aid awards Stafford Subsidized or Stafford Unsubsidized Loans, or a combination of both, based on financial need.

Federal Direct Parent PLUS Loan

You may need funds in addition to your student's Stafford Loan to pay for your student's education. The Federal Direct Parent PLUS Loan is available to parents of dependent undergraduate students.

Federal Direct Graduate PLUS Loan

As a graduate or professional student, you may need to borrow more than the Federal Direct Stafford Loan to pay for your education. The Federal Direct Graduate PLUS Loan can help.

Federal Direct Loan Interest Rates

Stafford and PLUS interest rates for the 2013-14 and 2014-15 academic years

Federal Loan Repayment: Who to Call

A partial list of federal loan servicers.

Private Alternative Loans

Private alternative loans are managed through private lenders, issued in the student’s name, and require a co-signer. Eligibility, rates, terms, and conditions vary.

Federal Perkins Loan

The Federal Perkins Loan is for undergraduate and graduate students and offers a 5 percent fixed rate with zero origination fees.

University Loan

The University Loan is for undergraduate students and offers a 6 percent fixed, low-interest loan with zero origination fees.

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