Loans
After awarding gift aid and work-study, you may consider loans as another form of financial aid. Unlike other aid, they must be repaid with interest, so these are usually a final consideration. We encourage students to research their options and borrow conservatively.
Most student loans offer lower interest rates than typical consumer rates. You will also have a grace period before you must repay.
Student Loan Code of Conduct
The Student Loan Code of Conduct applies to:
- all employees of the University who have responsibility with respect to education loans; and
- all employees of the University who are employed in the Financial Aid Office.
If you are awarded a loan, the amount you are eligible for will be listed in your Financial Aid Award notice.
BSU students are usually eligible for the following federal programs:
- Ford Federal Direct Subsidized or Unsubsidized Loan
- Federal Perkins Loan
- Ford Federal Direct Parent PLUS Loan
- SELF Loan
Use the links above to learn more about each loan option.
In addition, private student loans are another option after you've exhausted other possibilities.
