Federal Loan Programs
Louisburg College participates in several federal loan programs. Consideration for these awards is automatic based on the results of your FAFSA. Loans may be included in your financial aid package, and you may accept or decline them as is appropriate for your situation.
|Direct Loans (subsidized & unsubsidized)||Varies with classification||www.studentloans.gov|
|Direct PLUS Loans (for parents)||Up to direct cost (less financial aid)||www.studentloans.gov|
Alternative Education Loans, also known as Private Education Loans, help bridge the gap between the actual cost of your education and the amount the government allows you to borrow in its programs. Private loans are offered by private lenders, and there are no federal forms to complete. Eligibility for private student loans often depends on your credit score. Should you require funding in addition to the financial aid award, you may apply for an alternative loan. A separate application with a bank or educational lending service is required.
Examples of private student loan companies:
Guide to Alternative Loans