Financial Aid and Scholarships


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.


Eligibility: Borrower must be parent of student
Amount: Cost of attendance less other financial aid
Benefit: Fixed, affordable monthly payments
Program: Federal

Perkins Loan

Eligibility: Need-based
Amount: Up to $4,000 yearly
Benefit: Deferred repayment until after graduation
Program: Federal

Subsidized Stafford Loan

Eligibility: Need-based
Amount: $3,500-$5,500 depending on class year
Benefit: Deferred repayment until after graduation
Program: Federal

Unsubsidized Stafford Loan

Eligibility: All students
Amount: $3,500-$5,500 depending on class year
Benefit: Long-term repayment
Program: Federal

Apply for a PLUS Loan:

  1. Visit
  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) 488-1448
Discover Student Loans (877) 728-3030
Citizens Bank TruFit Student Loan (800) 708-6684
cuScholar Private Student Loan (877) 581-9019
Regions Bank (800) 858-7822
Sallie Mae (866) 972-5004
SunTrust (800) 786-8787
Union Federal Savings Bank (866) 513-8445
Wells Fargo (877) 689-0763