Student loans can come from the federal government or from private sources such as a bank or financial institution. Loans made by the federal government, called federal student loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources.
Federal Student Loans
Direct Subsidized Loans are available to eligible undergraduate students with financial need as determined by the results of the Free Application for Federal Student Aid (FAFSA). The interest rate is set by the U.S. Department of Education, and interest on the loan is not accrued while you are enrolled in school at least half-time nor during any applicable grace and deferment periods.
Direct Subsidized Loans are available to all eligible students who apply using FAFSA. Interest, determined by the U.S. Department of Education, is charged during all periods, including while a student is enrolled in school.
Direct PLUS Loans are available to parents of dependent undergraduate students or graduate/professional students. Parents may borrow up to the cost of attendance, minus all other financial assistance, to help students with their educational expenses. Interest is charged during all periods.
Additional information about federal student loans can be found on the Federal Student Aid website: https://studentaid.ed.gov/sa/types/loans
Pacific College does not participate in any preferred lender arrangements for private education loans nor maintain a preferred lender list.