Federal Loans

Federal Loan Types

TypeAmount/BenefitsComments/Criteria

Federal Direct Unsubsidized Stafford Loan

Up to:
  • $33,000 9 mo. PsyD
  • $37,167 12 mo. PsyD
  • $20,500 PhD in Biblical and Theological Studies, MA
  • Must submit FAFSA
  • Fixed 6.543% interest rate for loans disbursed on or after July 1, 2022 and before July 1, 2023
  • Origination fee of 1.057% for loans first disbursed on or after 10/1/20 and before 10/1/23
  • 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 7.543% interest rate for loans disbursed on or after July 1, 2022 and before July 1, 2023
  • Origination fee of 4.228% for loans first disbursed on or after 10/1/20 and before 10/1/23
  • 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