Loans

Loans

Below is information about the Federal Direct Subsidized, Unsubsidized, Parent PLUS, Graduate PLUS, and Perkins Loans, as well as federal loan servicers and resources for private alternative loans.

Comparing Federal and Private Student Loans

We recommend using all federal loan eligibility before turning to private loans.

Federal Direct Loan Interest Rates

Federal Direct and PLUS interest rates for the 2015-16 and 2016-17 academic years

Student Loan Repayment Questions

If you are graduating or withdrawing from Penn State and have questions about student loan repayment, contact us!

Federal Direct Subsidized and Unsubsidized Loans

Federal Direct Subsidized and Unsubsidized Loans (formerly known as Stafford Loans) are available through the William D. Ford Federal Direct Loan Program to help pay for educational expenses. The Penn State Office of Student Aid awards Subsidized or Unsubsidized Loans, or a combination of both, based on financial need.

Federal Direct Parent PLUS Loan

You may need funds in addition to your student's Federal Direct Loans to pay for your student's education. The Federal Direct Parent PLUS Loan is available to parents of dependent undergraduate students.

Federal Direct Graduate PLUS Loan

As a graduate or professional student, you may need to borrow more than the Federal Direct Loan to pay for your education. The Federal Direct Graduate PLUS Loan can help.

Private Alternative Loans

Private alternative loans are managed through private lenders, issued in the student’s name, and require a co-signer. Eligibility, rates, terms, and conditions vary.