Federal Direct Student Loan (subsidized)
Undergraduate students with financial need |
Amount: Up to $5,500
Interest: Fixed 6.8% (1% fee) |
File FAFSA*, complete Master Promissory Note (MPN) and Entrance Loan Counseling. |
Federal Direct Student Loan (unsubsidized)
Undergraduate students with or without financial need |
Amount: Up to $7,500
Interest: Fixed, 6.8% |
File FAFSA and MPN |
Federal Perkins Loan
Students with greatest need (limited number available) |
Amount: $500 - $2,000
Interest: Fixed, 5.0% |
File FAFSA; awarded by Financial Aid Office, complete Perkins Master Promissory Note |
Federal Direct Parent PLUS Loan
Parents borrowing for a dependent student |
Amount: Up to the cost of education less aid received
Interest: Fixed, 7.9% (4% fee) |
File FAFSA, and parent complete PLUS Master Promissory Note and PLUS Loan application |
Federal Direct Graduate PLUS Loan
Graduate students with financial need |
Amount: Up to the cost of education less aid received.
Interest: Fixed, 7.9% (4% fee) |
File FAFSA, and student complete PLUS Master Promissory Note and PLUS Loan application |
Alternative Educational Loans
Students with a credit-worthy co-signer |
Amount: Up to the cost of education less aid received
Interest: Fixed or Variable, tied into Prime or LIBOR rate |
www.elmselect.com and www.pennsylvania.privateloanmarketplace.com |
Addison Gibson Foundation Loan Program
Eligibility requirements are listed on the foundation website. |
Amount: Maximum of $12,000 for Undergraduate students and $18,000 for Graduate students.
Interest: 2% Annual Interest until one year after graduation when it increases to 5%. |
Schedule an interview with the Addison H. Gibson Foundation in Pittsburgh, PA. |