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Student Loan Network is designed to provide borrowers and their families a host of resources to become educated about the financial aid process.

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What are my federal loan options?

Stafford Student Loans are federal loans made to college and university students to supplement personal and family resources, scholarships, grants, and work-study. They may be subsidized by the U.S. Government or may be unsubsidized depending on the student's financial need.

The Parent PLUS Student Loan is available to parents of students enrolled at least part-time. Unlike other federal student loans like the Stafford and Perkins, PLUS loans can cover a larger amount of the cost of education, have a higher interest rate and the commitment is undertaken by the parent, rather than the student. PLUS Loans are also available for graduate and professional students.

The Graduate PLUS Loan, like the Parent PLUS Loan, is an unsubsidized, federally guaranteed loan that can cover up to the cost of education. This loan is taken out in the graduate student's name, on their own signature and credit rating.

The Perkins Loan is a low-interest federal student loan for undergraduate and graduate students. In the case of Perkins Loans, the college acts as the lender, drawing funds from a small pool of money provided by the federal government. Perkins Loans are awarded based on exceptional financial need.


Are there non-federal, alternative financial aid options?

Alternative student loans are specialized college student loans designed to provide supplemental funding to cover unmet need.

How can I repay a federal student loan?

After graduation, many students have a series of federal student loans (and payments), through the Stafford, PLUS or Perkins programs. When you consolidate federal student loans into one single loan you realize a reduced monthly payment (up to 53% less), a longer repayment term, and a fixed interest rate. To consolidate federal student loans, visit: federal or private student loan consolidation. For more ways to repay your student loans, visit our repayment page.

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