Loan Programs

Federal Loan Programs

Federal Perkins Loan Program

Low interest (5%) Federal Perkins Loans are available to qualified students who are enrolled at least half-time.

[More about the Perkins Loan Program...]

Federal Family Education Loan Program (F-FELP)

The F-FELP Loan Program includes the Subsidized and Unsubsidized Federal Stafford Loans and the F-PLUS (parent loan) which are low interest loans available to assist qualified students who are enrolled at least half-time with the cost of education.

[More about the Federal Family Education Loan Program...]

DePauw Student Loans

Alumni and friends of the University have provided loan funds for special circumstances. These are limited in availability and eligibility is determined by the financial aid office. Students receiving these funds will be notified on their financial aid award letter. The promissory note and other related documents are prepared by the student loan office and sent to the student's U.B. mailbox. The funds cannot be credited to the student's account until everything is reviewed, signed, dated, and returned to the student loan office. DePauw loans have a 5% interest rate and require a co-signer unlike the federal student loan programs which require only the student's signature.

Private and Alternative Loan Programs

Private or alternative loans are available to assist families in bridging the gap between college costs and traditional funding sources. The federal government does not guarantee these loans. Approval for the loan, interest rates and fees are dependent on the credit worthiness of the borrower or the co-borrower. DePauw encourages families to utilize the government loans before considering the other loan programs because they are the most advantageous manner to borrow if you have to borrow.