Federal Loans

Federal Direct Unsubsidized Loan

• $33,000 9 mo. PsyD
• $37,167 12 mo. PsyD
• $20,500 PhD in Biblical and Theological Studies, MA

• Must submit FAFSA
• Fixed 7.94% interest rate for loans disbursed on or after July 1, 2025 and before July 1, 2026
• Origination fee of 1.057% for loans first disbursed on or after 10/1/20 and before 10/1/26
• Interest accrues upon disbursement
• No payments while enrolled at least half-time and six-month grace period following graduation

Federal Direct PLUS Loan

Up to cost of educational expenses less other aid accepted

• Must submit FAFSA
• Fixed 8.94% interest rate for loans disbursed on or after July 1, 2025 and before July 1, 2026
• Origination fee of 4.228% for loans first disbursed on or after 10/1/20 and before 10/1/26
• Application directly through www.studentloans.gov

Strong Loan

$2,000

• Must submit FAFSA
• Fixed 3% interest rate
• Interest does not accrue while enrolled at least half-time
• No payments while enrolled at least half-time and six-month grace period following graduation