Federal Direct Loan Program (subsidized for undergraduate students only) — a low-interest loan borrowed from the federal government by the student to help pay for their education. The federal government is the lender of the Direct Loan. To learn more about Direct Loans and to complete a Master Promissory Note (MPN), please go to https://studentaid.gov/
Federal Parent PLUS Loan (dependent undergraduate students/parents only) — loan for parents of dependent undergraduate students to provide additional funds for educational expenses. Parents may borrow up to the cost of attendance minus financial aid. The interest rate for this loan varies from year to year. Federal Parent PLUS Loan borrowers must begin repaying interest within 60 days of disbursement, unless the lender agrees to allow it to accrue while the principal is deferred.
Federal Graduate PLUS Loan (graduate students only) — a federal student loan that is borrowed by a graduate student. The Grad PLUS is a credit-based loan. Graduate students may apply annually for a loan not to exceed the total cost of attendance minus financial aid and within the maximum annual borrowing limit. The interest rate for this loan varies from year to year. To apply, go to https://studentaid.gov/
Federal Primary Care Loan (PCL) (medical students only) — a 5% interest loan for medical students who demonstrate financial need. In addition to demonstrating financial need, PCL recipients must agree to work in Primary Care until the loan is repaid in full. Please consult with your financial aid counselors for more details.
Federal Loans for Disadvantaged Students (LDS) (medical students only) — a 5% interest loan for students who demonstrate financial need and meet the “disadvantaged” criteria as defined by the U.S. Department of Health and Human Services. Eligibility for LDS funds is reviewed on an annual basis and is contingent upon the applicant’s unmet need, the number of eligible applicants, and availability of funding. Funding for this program is limited.
Federal Nursing Loan Program (nursing students only) — a 5% interest loan for nursing students who demonstrate financial need. The amount that students can receive is dependent upon the Thomas Jefferson University's allocations.