Federal student loan eligibility and amounts are based on Federal Student Aid regulations. The Financial Aid Office will make this determination after reviewing your FAFSA. Generally, federal loan eligibility is based on two things: 1) your FAFSA EFC and 2) the amount of grants and scholarships your student receives. Federal loan limits (the maximum amount your student can borrow) are set by the U.S. Department of Education. Annual and undergraduate federal loan limits are available here.
If you need additional assistance to pay for school, there are three additional loan options:
As a parent of a college student, you can obtain a Federal Direct Parent PLUS Loan (also commonly referred to as the Parent PLUS Loan). Unlike a federal student loan, you (the parent) are the borrower. Click here to learn more and to apply for a Parent PLUS Loan.
With a Private Parent Loan, you (the parent) are the borrower. Click here to compare Private Parent Loan options.
You or someone else can also co-sign for a Private Student Loan. Unlike the Parent PLUS Loan or Private Parent Loan, your student is the borrower for a Private Student Loan. Click here for more information.