Student loans require payment, but typically not until after you cease being enrolled in college at least at a half-time level. Parent loans, such as Hendrix's Voyager Fund or the Federal Parent Loan for Undergraduate Students (PLUS), require payments while the student is in school beginning 60 days after the loan is fully disbursed. Both types of loans typically offer low-interest rates and long terms.
|
 |
| Name |
Eligibility |
Amount |
Benefit |
Program |
Application |
|
Voyager Fund or PLUS Loan
|
Borrower must be parents of student
|
Cost of attendance less other financial aid up to a cap of $25,000 |
Fixed, affordable monthly payments |
Hendrix |
Online Pre-Approval Form
Apply for either loan using this link.
|
|
| Perkins Loan |
Need-based |
Up to $4,000 yearly |
Deferred repayment until after graduation |
Federal* |
|
|
Subsidized Stafford Loan
Details |
Need-based |
$3500 - $5500 depending on class year |
Deferred repayment until after graduation |
Federal* |
|
|
Unsubsidized Stafford Loan
Details |
All students |
$3500 - $5500 depending on class year |
Long-term repayment |
Federal* |
*Click here to learn more about federal student loans and how to manage them.