Financial Aid Services
- Lipka Hall
- tel: 610-499-4161
- fax: 610-499-4687
Loans for Undergraduate Students
heck out this video produced by the Federal Student Aid Office of the U.S. Department of Education to learn about your responsibilities as a borrower and what to consider when taking out loans for college. Watch now.
Borrow What You Need
Many students and parents find that loans are a helpful resource for meeting the cost of attendance and other educational expenses, after other financing options have been exhausted.
Types of Loans
- Federal Direct Loan for students
- Federal Direct PLUS Loan for parents
- Federal Perkins Loan for students with exceptional financial need
- Private loans managed through private lenders
Things to Consider
- While you may not have to begin repaying your loans right away, it is important to do your research and understand your responsibilities as a borrower.
- Before you borrow, consider how the amount of your loans will affect your future finances and do not to borrow more than what you need or project you will be able to pay back based on your intended field of study.
- Federal student loans almost always offer borrowers lower interest rates and have more flexible repayment options than loans from private banks or institutions.
Unsure what loan is the right option for you? Schedule a financial counseling session at 610-499-4161 or firstname.lastname@example.org.