Loans at Southern Poly

Pre-Loan Counseling - you must complete it before you will be awarded any federal loans.

Subsidized Loan - the government pays your interest while you're in college. These loans are usually reserved for students with low EFC's (expected family contribution) and are considered the best loans to attain.

Unsubsidized loan - the interest accumulates while you are in school. You can pay it as you go or after you have completed your education. The interest rate is 6.8% (lower than most alternative loans).

Federal Plus Loan - based on your parent's financial status. The interest rate is 8.5%.

Alternative Loans - are loans you can apply through banks. Interest rates vary, but can be as high as 14%.

You can apply for federal loans through FAFSA.

Category:

Education

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• spsu
• financial aid
• loans
• SPSU