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Federal Student Education Loans and student that is private

Federal Student Education Loans and student that is private

Along with grants, student education loans represent another resource that will help you fund your training. Either you or your mother and father can take down figuratively speaking for academic costs to simply help protect the expense of attending university, including tuition, housing, publications as well as other expenses. Prior to taking down any loan, it’s important to research the kind of loan plus the objectives for payment. Loans must certanly be repaid and stick to the payment timelines established because of the loan provider.

For more descriptive information about the mortgage program, begin to see the University Policy Handbook.

Federal Figuratively Speaking

Federal figuratively speaking are developed especially for pupils and lots of times provide a lower-than-typical rate of interest that will include an interest-free elegance duration before payment starts. Please take the time to review the mortgage demands of these programs. Federal student education loans should be paid back, also if you don’t finish your level, you may be not able to look for a work regarding your system of research or perhaps you are unhappy using the education you covered along with your loan.

Loan Options and Eligibility

Loan Programs Undergraduate Graduate
Direct Loan Program
Subsidized Loan x
Unsubsidized Loan x x
PLUS – Parent x
PLUS – Grad x
Private Loan x x

Federal Perkins Loan System

The Department of Education finished the Federal Perkins Loan Program on Sept. 30, 2017. While GCU not awards Perkins monies to pupils, for anyone pupils that do have the Perkins loans, this is actually the info on this system in addition to payment procedure.

Call Us

GCU’s education loan support group will help reply to your questions regarding:

  • Postponement options
  • Delinquent or defaulted student loans
  • Loan consolidation choices
  • Forgiveness programs