Institutional Student Loans
Institutional Loans based on financial need are available to qualified domestic and international students.
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. Award amounts may range from $1,000 to $5,000 depending upon the availability of funds at DePauw. The loan generally will be $2,000 or less.
- Institutional loans carry a 5% interest rate and require a co-signer (unlike the federal student loan programs which require only the student's signature).
- Students receiving these funds will be notified in a financial aid notification letter. A DePauw Loan Application must be completed and returned to the Financial Aid Office before the official process can begin. Students that have been offered a DePauw Loan will be contacted by email with detailed instructions on the loan process.
- The promissory note and other related documents are prepared by the Student Loan Office.
- Funds cannot be credited to the student's account until everything is reviewed, signed, dated, and returned to the Student Loan Office.