Loans

Federal Loans

Federal 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 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

PLUS Loan Details

Borrower must be parent of student

Cost of attendance less other financial aid

Fixed, affordable monthly payments

Federal

Perkins Loan

Need-based

Up to $4,000 yearly

Deferred repayment until after graduation

Federal

Subsidized Stafford Loan Details

Need-based

$3,500-$5,500 depending on class year

Deferred repayment until after graduation

Federal

Unsubsidized Stafford Loan Details

All students

$3,500-$5,500 depending on class year

Long-term repayment

Federal

Apply for a PLUS Loan:

  1. Visit www.studentloans.gov
  2. Look for the "Manage My Direct Loan" box
  3. Sign in using your FAFSA PIN number
  4. Complete the PLUS request process.

Private Loans

Private or alternative loans can provide a source of funding if you have exhausted all sources of federal student aid. All students are encouraged to apply for federal student loans through the Free Application for Federal Student Aid (FAFSA) prior to applying for private education loans. Federal student loans may have more favorable terms than private education loans.

Below is comprehensive list of the private education loan lenders that Hendrix students have used within the last three years.It is not a preferred lender list. It is important that you compare the terms and conditions of the loans before you commit to a particular lender.If you wish to use another lender not listed below, Hendrix will honor the lender of your choice and certify loans from other private education loan companies.

Lender Name Phone Number Website
Arkansas Federal Credit Union (800) 734-4540 www.afcu.studentchoice.org
Discover Student Loans (877) 728-3030 www.discoverstudentloans.com
Citizens Bank TruFit Student Loan(800) 708-6684www.citizensbank.com
cuScholar Private Student Loan (877) 581-9019 www.cuStudentLoans.org
Regions Bank (800) 858-7822 www.regions.com/smart
Sallie Mae (888) 272-5543 www.salliemae.com
SunTrust (800) 786-8787 www.suntrusteducation.com
Union Federal Savings Bank (866) 513-8445 www.unionfederalstudentloans.com
Wells Fargo (877) 689-0763 www.wellsfargo.com/student