Find out about the Federal Direct Subsidized, Unsubsidized, Parent PLUS, and Graduate PLUS loans, as well as federal loan servicers, and resources for private alternative loans.

Comparing Federal and Private Student Loans

We recommend using all federal loan eligibility before turning to private loans.

Federal Direct Loans

Federal Direct Loans include Subsidized and Unsubsidized loans, the PLUS loan for Parents of undergraduate students (Parent PLUS), and the PLUS loan for Graduate Students (Grad PLUS).

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.

University Loan

The University Loan is for undergraduate students and offers a 6 percent fixed, low-interest loan with zero origination fees. This is not a loan that you can request. Loans will be awarded based on your eligibility (FAFSA) and available funds.

Federal Perkins Loan

***Congress did not reauthorize the Federal Perkins Loan Program. No further Perkins awards will be made.*** This section will only provide information about re-payment.