When you apply for financial aid, you may be offered loans as part of your financial aid offer. A loan is money that you borrow and must pay back with interest. If you decide to take out a loan, make sure you understand who is making the loan and the terms and condition of the loan. Watch the short video below from studentaid.gov to learn more about responsible borrowing, and read about different types of education loans below.
Direct Student Loans are loans available to undergraduate and graduate students with the US Department of Education acting as the lender.
Direct Parent PLUS Loans are loans available to parents of undergraduate students. The US Department of Education serves as lender.
The Direct Graduate PLUS Loan is a non-need-based loan with the US Department of Education serving as lender.
Private education loans help bridge the gap between the actual cost of your education and Federal loan limits.
Questions?
503.943.7311 | finaid@up.edu
University of Portland
5000 N. Willamette Blvd.,
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503.943.8000
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