Federal student loans are real loans, just like car loans or mortgage loans. You must repay a student loan even if your financial circumstances become difficult.

• Federal student loans usually can't be written off in bankruptcy.
• They can't be cancelled because you didn't get the education or job you expected, and
• They can't be cancelled because you didn't complete your education.

You will have a relationship with your loans for many years. Borrow wisely.

Loans accumulate over the years you attend school. Once you have an idea of the total amount of federal student loans you may be taking, you can estimate your monthly payment amounts.

Fresno Pacific University encourages students to pursue federal student grants and loans prior to applying for private educational loans. Private loans are designed to meet educational costs not covered by any other forms of financial aid.

Unlike federal loans, interest rates, grace periods, repayment options and fees for private educational loans are determined by the lender and can vary considerably from lender to lender. Private loans are based on an individual's credit history and credit worthiness.

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.

Fresno Pacific University offers a variety of federal, state and private financial aid programs to assist students who would benefit from an education but need financial aid. Such students are encouraged to apply for assistance. More than 97 percent of FPU students receive financial assistance in the form of loans, grants, scholarships and many on-campus employment opportunities.

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The files listed below require Adobe Acrobat Reader to view. Acrobat Reader is a free download from Adobe Systems, Inc. If you have any problems downloading these files, call us at 559-453-2041 or email sfs@fresno.edu.