If you apply for financial aid by filing the FAFSA, you may be offered loans as part of your financial aid award offer. A loan is money you borrow and must pay back with interest. Some loans are need-based; others are available to any enrolled student.
Title IV funds are federal student aid funds, which are from federal student aid programs administered by the U.S. Department of Education. Title IV funds include Direct Subsidized/Unsubsidized Loan, Direct Graduate PLUS Loan, Direct PLUS Loan, Federal Perkins Loan. Please click the link to learn more about these programs.
Borrowing can be costly. We recommend you consider borrowing only if you have exhausted all other options and only borrow what you need. Make a budget for yourself to keep your debt within manageable limits. Also remember that when applying for federal or private loans - families must consider the entire yearly balance (as opposed to just one semester). All loans will be split evenly between the Fall and Spring semester.