William D. Ford Federal Direct Loan Program
Application Steps:
The Federal Direct Loan is a low interest student loan that enters repayment six months after the student ceases to be enrolled at least half-time (six semester hours). Direct Loans are categorized as Subsidized (need-based, Federal Government pays interest while in school) and Unsubsidized (non-need-based, student is responsible for interest that accumulates while in school) It is available to students enrolled at least half-time. For more info, please click here.
Direct Loan Application Steps:
- File a Free Application for Federal Student Aid (FAFSA)
- Complete a Master Promissory Note
- Complete Entrance Loan Counseling
The Federal Direct Parent PLUS Loan for Undergraduate Students enables parents with good credit histories to borrow to pay the education expenses of each child who is a dependent undergraduate student enrolled at least half-time. The annual loan limit is equal to the cost of attendance at Shorter University, less any other financial assistance the student is receiving. For more info, please click here.
Plus Loan Application Steps:
- File a Free Application for Federal Student Aid (FAFSA)
- Complete a Master Promissory Note
- Complete a Plus Loan Request Form 2011-2012 or 2012-2013. Select 2011-2012 for loans applied towards the spring semester of 2012. Select 2012-2013 for loans applied towards the summer of 2012, fall 2012, and or spring 2013.
- Go to www.studentloans.gov
- Sign in
- Select “Request a Direct PLUS Loan”
- Select PARENT
- Begin Step 1 of a 4 step process
Private Loan Program
Application Steps:
A private student loan is a financing option for qualified higher education-related expenses. These loans are available to help students bridge the gap between the Cost of Attendance and money received through federal loans, grants, scholarships and other aid. Private loans have various options for repayment and may offer forbearance and deferral options. In addition, interest rates for private loans are based on credit and set by the lender.
Private Loan Application Steps:
- Visit ElmSelect
- Compare and choose a lender
- Click “apply now”
- Complete on-line self-certification application at www.studentloans.gov
Information:
Consolidation
Exit Counseling
Direct Loan
PLUS Loan
Terms & Conditions
Default Facts and Repayment Tips