There are three types of loans available to assist with educational costs for undergraduate students. Both the Direct Loan and the PLUS Loan are federal loans processed by the U.S. Department of Education.
Direct Loans
Direct Loans can be need-based (subsidized) or non-need based (unsubsidized). The federal government will pay the interest on a subsidized loan while the borrower is enrolled in school at least half-time. For unsubsidized loans, interest begins to accumulate at the point of disbursement. Repayment for both types does not begin until six months after graduating, withdrawing from school or dropping below half-time.
The process:
- Step 1: Complete Direct Loan entrance counseling
- Step 2: Complete a Master Promissory Note
- Start the process.
- More questions?
Parent PLUS Loans
The PLUS Loan program enables parents of undergraduate students with a good credit history to borrow funds. Parents may borrow up to the cost of tuition, books and fees less any other financial aid received by the student.
Visit the PLUS Loans page for more information.
Private Educational Loans
While we encourage students to pursue federal student loans prior to applying for private educational loans, these loans may be helpful and beneficial to some borrowers.
Visit the Private Educational Loans page for more information.
Loan Counseling
The federal government requires you to complete loan counseling to ensure that you understand the responsibilities and obligations you are assuming. Entrance counseling will walk you through the Direct Loan process and explain your rights and responsibilities as a borrower.
Students graduating, withdrawing from school or falling below part-time must go through loan exit counseling. Use the links below to start the loan exit counseling process.
Loan exit counseling for undergraduate students.
Additional Information
Educational loans are an investment in your future, but it is important to understand your financial obligation. Please take time to read through the following information:
The U.S. Department of Education has authorized Fresno Pacific University to administer federal loan programs under Title IV funding.
