Learn about loan opportunities to help you in pursuit of your college degree.
Watch This Short Video Regarding Loan Options:
For more information on Federal Direct Loan basics and tips on responsible borrowing, please click . If you would ever like to discuss this information in more detail, we would be glad to schedule a time to sit down with you and answer any questions and/or concerns you may have about borrowing student loans.
Please click on the specific title for additional information.
The maximum student loan is $3,500 per year for freshmen, $4,500 for sophomores and $5,500 per year for juniors and seniors. The repayment period can be as long as 10 years.
For more information on the Stafford Loan, please click here.
To apply for the Parent Loan for Undergraduate Students (PLUS), please click on the following link: Studentloans.gov. Once there, log in by clicking “Log In,” the blue button on the top right.
Private/ Alternative Loans
There are a number of lenders who provide alternative loans. Adrian College has a Recommended Lender List to provide you with a couple of different alternative loan options; however, we do not recommend any lender over another.
Be an Informed Borrower
Loan provisions and requirements vary greatly and change frequently. You should contact the lender for specific information regarding the most current interest rate, fees, and eligibility requirements before taking a loan. You should carefully research the loan company you are considering doing business with. The Federal Trade Commission has a helpful website that provides tips on items to look for when selecting a lender.
Important Information About Applying
Once you have decided to apply for an alternative loan, allow 7-10 business days to have your application forwarded to our office. When you have completed your application online, you should notify our office either via email email@example.com or by calling 1-888-876-0194.
Items to Consider When Comparing Loans
To ensure that you are fully informed, you should read the lender’s application and promissory note fully for specific information regarding the terms and conditions of your loan.