loans

the federal direct subsidized loan is available to undergraduates with a financial need based on fafsa results. it is a federal loan that must be repaid, however the interest is paid by the government while the student is enrolled in school and for 6 months after you leave school. the interest rate adjusts each year on july 1 and the current rate can be found here.

the federal direct unsubsidized loan is available if you don’t have a financial need based on your fafsa result. it is a federal loan that must be repaid including all interest. interest on unsubsidized loans will accrue while you are enrolled in school. you can choose to pay the interest monthly while in school or choose to have the interest capitalize. capitalizing the interest on a loan gets the interest added to the principal balance of the loan. the interest rate adjusts each year on july 1 and the current rate can be found here.

more information about the federal direct loans can be found on the studentaid.gov website here..

the department of education charges a 1.057% origination fee for all federal direct subsidized or unsubsidizedloans. there is a maximum loan amount that can be borrowed each year from the federal government.

the fafsa is your application for federal direct subsidized or unsubsidized loans.  after being approved for a federal loan, you will have the option to accept, reject or change (if you want a lower amount) the loan offer. this will be done through the student portal at mylipscomb. you will need to return to studentaid.gov to sign your master promissory note (mpn) and complete your loan entrance counseling before loan funds can be disbursed. if you have completed this step a prior year, you will not need to do it again.

• loan amounts cannot be increased but they can be decreased.  if you do not want to use the entire amount, overtype the total amount in your aid offer and use the recalculate loans button, then select the accept loans button.
• if this is your first federal direct subsidized or unsubsidized loan, you must also sign the master promissory note (mpn) and complete loan entrance counseling  at studentaid.gov.
• federal direct subsidized and unsubsidized loans are obligations that you must repay.  we urge you to read and understand the information reviewed on the promissory note and through the entrance counseling carefully.  the studentaid.gov website also has resources to help you understand and estimate your repayments after you finish school.  if you have other questions about borrowing for your education, please contact us at financialaid [at] lipscomb.edu

private loans should be considered as a last resort when financing your college education. we strongly encourage you to borrow from the federal student loan program before considering private loans. generally, you will receive a better interest rate on federal student loans than with private loans. however, if you need additional funding beyond your federal student loan eligibility, private loans may help you cover unmet expenses.

private loans are made by banks and other financial institutions and are subject to their terms. eligibility for these loans requires a credit check, and students are often required to have a cosigner to qualify.

世界杯2022预选赛录像回放 does not endorse or recommend any specific private loan product. in determining which private loan is best for your needs, we recommend you research and compare loan interest rates, fees, repayment options and eligibility requirements. 

nerdwallet.com and bankrate.com are 2 websites you can use to shop for the best terms for alternative student loans.  if your private loan requires a self-certification form, please come by our office in the crisman administration, and we will be happy to assist you with its completion.