Loans

Student loans

• Stafford Subsidized and Unsubsidized Loans
  Federal loan, Free Application for Federal Student Aid (FAFSA) required
  Undergraduate and graduate students eligible
• Grad PLUS
  Federal loan, Free Application for Federal Student Aid (FAFSA) required
  Graduate students eligible
  Credit approval required
• Perkins
  Federal loan, Free Application for Federal Student Aid (FAFSA) required
  Undergrads and some grads eligible based on need
• Private alternative loans
  FAFSA not required, lender application required
  Student creditworthiness or co-signer usually required
  Terms and interest rates vary by lender
• MSU short term loans
  All students eligible to apply
  Repayment period of six weeks to two months

Parent loans

• Parent PLUS
  FAFSA not required
  Credit approval is required

Helpful links

• How enrollment level affects financial aid
• Satisfactory Academic Progress also has an effect on loan eligibility
• Loan repayment
• Income-Based Repayment Information
• National Student Loan Data System (NSLDS) (Your loan history)
• Average Stafford Loan debt for MSU seniors
• Loan consolidation