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Loans
Student Loans
Federal Direct Student Loans
The Federal Direct Student Loan program is a loan funded by the federal government to help pay for your education. A federal student loan is borrowed money you must repay with interest. Students who demonstrate financial need may receive a subsidized loan which means the government will pay the interest while you are in school. Unsubsidized loans are made to eligible undergraduate, graduate and professional students and is not based on financial need. This loan type accrues interest while you are in school. To be eligible, students must be enrolled at least half-time in a degree seeking program and must complete the Free Application for Federal Student Aid (FAFSA) each year.
All undergraduate annual loan amounts are subject to proration and limitations based on cost of attendance minus other financial aid. Increased loan eligibility is available for those students who advance to the sophomore or junior grade level at the end of their fall term. Students must self-identify by contacting our financial aid office at the start of the spring term.
Maximum Loan Amounts
| Year | Credit Hours | Dependent | Independent |
| Freshman | (0-29 credit hours) | $5,500 | $9,500 |
| Sophomore | (30-59 credit hours) | $6,500 | $10,500 |
| Junior | (60-89 credit hours) | $7,500 | $12,500 |
| Senior | (90+ credit hours) | $7,500 | $12,500 |
Federal Direct PLUS Loans are loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other forms of financial aid. Eligibility is not based on financial need, but a credit check is required. Borrowers who have an adverse credit history must meet additional requirements to qualify.
Private Education Loans
Private education loans can help students pay educational expenses not covered by other financial aid.
Before applying, consider federal loans first. Students should consider all available federal financial aid before applying for a private education loan. Federal loans may offer benefits and protections that private loans do not.
Compare Your Options
Private education loans are offered by various lenders. Students are free to choose any lender and are not required to use a lender recommended by North Greenville University.
When comparing lenders, consider:
- Interest rates
- Fees
- Repayment terms
- Eligibility requirements
- Cosigner requirements
- Enrollment requirements
Private loans are generally based on creditworthiness, and a cosigner may be required.
Compare Private Loan Options
North Greenville University provides a private loan comparison tool to help students and families review available lenders and loan options.
The lenders shown through the comparison tool are not endorsed or preferred by North Greenville University. Students may choose any lender, including one that is not listed in the tool.