Student loans are a great way to secure financial assistance throughout your university career.
Your first step is to determine your eligibility for receiving any of a vast array of Federal subsidized and unsubsidized loans.
|Federal Direct Loan (subsidized and unsubsidized)||A federal loan program that is awarded upon completion of the FAFSA. Repayment begins six months after graduation or cessation of enrollment.|
|- Freshman||$3,500 sub, $2,000 unsub||Independent students or Parent Plus loan denials may receive up to an additional $4,000 in unsubsidized as a freshman or sophomore.|
|- Sophomore||$4,500 sub, $2,000 unsub|
|- Junior/Senior||$5,500 sub, $2,000 unsub||Independent students or Parent Plus loan denials may receive up to an additional $5,000 in unsubsidized as a junior or senior.|
|- Graduate||$8,500 sub, up to $20,500 unsub||The total loan amount is determined by student's total cost of attendance.|
|Federal Perkins Loan||$5,500||A low interest federal loan program sponsored by the federal government. Preferrence will be given to students who are pell eligible and are graduating senior.|
|Federal PLUS Loan||Up to cost of attendance||A loan for parents of dependent undergraduate students.|
|Student Employment - Institutional Part-time Employement||$3,600||An on-campus employment program for students to work up to 20 hours per week|
|Alternate/Private||Up to cost of attendance||A loan from an outside lender to help cover cost.
Please see www.lewisu.edu
The benefit of a Federal Direct Subsidized Stafford Loan is that you are not charged interest on the loan while you are in school at least half-time, as well as during grace periods or deferment periods. These loans are offered to students who display a financial need.
You are not required to demonstrate financial need to receive a Federal Direct Unsubsidized Stafford Loan. Interest will accumulate on your loan throughout your time in school.
Learn more about these loans and how to apply at the official Federal Student Aid site.
What does a federal loan servicer do? A servicer is an organization that has been approved by the U.S. Department of Education to facilitate repayment, customer support, and customer service on federal student loans.
Who are the federal loan servicers for the U.S. Department of Education?
|Direct Loan Servicing Center(ACS)||
Who is my federal loan servicer? You can locate your loan servicer at www.NSLDS.ed.gov.