If you decide to take out a loan, make sure you understand who is making the loan and the terms and conditions of the loan. Student loans can come from the federal government through filing the FAFSA or from private sources such as a bank or financial institution. Loans made by the federal government, called Federal Direct Student Loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources. The Student Financial Aid Office encourages families to fully explore federal student and parent loan options before turning to private student loans.
All types of Loans must be repaid. Repayment begins after you graduate, withdraw from college or drop below half-time enrollment status (less than 6 credit hours per semester for undergraduates and less than 4 credit hours per semester for graduates).
Federal Direct Student Loans
- Subsidized / Unsubsidized loans
- Monthly Repayment Table (Estimate your payment for federal Loans)
- Monthly Accrued Interest (Estimate the amount of interest you would accrue on your federal loan(s) every month)
- Loan Consolidation (Combine all individual monthly loan payments into one monthly payment)
- Federal Direct Parent Loan
- Federal Perkins Loan
Nursing Student Loan Program (new info)
- Need-based loan administered by BGSU for students enrolled in Nursing programs leading to an associate, baccalaureate or graduate degree. A FAFSA is required and funding is limited. Eligibility is based upon priority FAFSA filing dates and financial need.
- The Student Financial Aid Office encourages families to fully explore federal student and parent loan options before turning to private student loans. But for those students who need funds beyond federal loans, a number of financing options are available
- PLUS Loan Comparison
- Private Loan Information