If you choose to borrow a student loan for the upcoming year, you must request it through your student self-service. There will be a link labeled “loan request." As you consider whether to borrow or how much you would like to borrow, please consider the following facts:
- As the name implies, this is a loan that must be repaid. Please consider borrowing only the amount you need to meet your educationally related expenses. The less you borrow while a student, the less you will have to repay when you are no longer in school. You should keep in mind the earning potential for your chosen major.
- Any amount you borrow will be split evenly between Fall and Spring. For example, if you request $1,000, you will receive $500 less fees in the Fall and $500 less fees in the Spring. Please consider this information as you decide how much to request.
- The Loan Request link will pre-determine your student loan eligibility. The chart below will show you the maximum annual loan amount for students by dependency status and grade level. In addition, a student who is receiving state or federal grants, federal work study, scholarships, third party payments, etc., may receive a lesser amount than the chart indicates. Each student has an estimated Cost of Attendance and their total aid cannot exceed that amount.
- Loans approved for one term (for example: Fall Only) will have two (2) disbursements within the semester. Those will take place approximately the 5th week and 9th week.
|Freshman (0-29 Hours Earned) Maximum Loan Amount
|Sophomore (30 or more Hours Earned) Maximum Loan Amount
Important Note: In order to complete a loan request, you must complete your “to do list” on student self – service. Financial aid, including student loans, will not be processed until those missing items have been completed.