FAFSA, Loans and Grants

FAFSA, Loans and Grants

Loans and Grants

There are a number of ways to pay for college, even if you don't have all the money you need right now. Your options include:

The first step to qualifying for financial aid is filling out a FAFSA. If you receive a loan (such as a Stafford, Parent PLUS, or alternative loan), you will be expected to repay the borrowed amount plus accrued interest. Grants do not need to be paid back as long as the recipient passes all their classes.


The FAFSA (Free Application for Federal Student Aid) is the form you’ll use to apply for grants or loans from the federal government. This application is free to submit, and once processed, you’ll receive an offer based on your financial need. You are not required to accept any of the offered amount; but it’s available if you need it. Ready to begin?

Federal Direct Stafford Loans

Stafford loans allow you to defer repayment until six months after you finish school or drop below part-time attendance.

Learn more

Alternative Student Loans

An Alternative Student Loan allows you to borrow directly from the bank if your eligibility for grants and Stafford loans is not enough to cover your schooling costs.

Learn more

Federal Pell Grant

The Federal Pell Grant is a need-based award that is not required to be repaid. Eligibility for Pell is determined from the information provided in your FAFSA.

Learn more

Parent PLUS Loans

The Federal Parent Loans for Undergraduate Students (PLUS) is available to parents of dependent students to help pay for their student's education expenses.

Learn more

Stafford Loan Repayment

Loans are required to be repaid in full along with any accrued interest. There are several repayment options available to help you make timely monthly payments. Failure to do so can impact your credit, and if the loan goes into default, prevent you from receiving additional federal financial aid.

Learn More