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.
PLUS Loan
Details
Eligibility: Borrower must be parent of student
Amount: Cost of attendance less other financial aid
Benefit: Fixed, affordable monthly payments
Program: Federal
Application Deadline: Fall - December 1st, Spring - May 1st
Subsidized Stafford Loan
Details
Eligibility: Need-based
Amount: $3,500-$5,500 depending on class year
Benefit: Deferred repayment until after graduation or a student falls below half-time. Interest begins accruing at time of disbursement
Program: Federal
Application Deadline: Fall - December 1st, Spring - May 1st
Unsubsidized Stafford Loan
Details
Eligibility: All students
Amount: $2,000-$7,500 depending on class year
Benefit: Deferred repayment until after graduation or a student falls below half-time
Program: Federal
Application Deadline: Fall - December 1st, Spring - May 1st
Apply for a PLUS Loan:
- Visit
studentaid.gov
- Select I am a Parent of a Student and click the learn more button
- Click the blue log in to start button
- Log In using your FSA ID Username and Password
Private Loans
Lenders are listed based upon their historical lending with our students. Lenders represented on this list have been utilized by our students in the last three years. This list is reviewed and updated on a regular basis to include any new lenders utilized by Hendrix students. If you wish to use another lender that is not on this list, you have the right to do so.
View and Compare Lenders