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IMPORTANT NOTE: It is our firm belief that families should borrow only when absolutely necessary, and then only to the extent that is needed. We encourage that serious and deliberate consideration be given to making any borrowing decision.

How do I apply for this loan, and am I eligible?

• Must meet for federal student aid
• Annual limit is up to $20,500 each year for graduate students.
• Aggregate* limit is capped at $100,000 for graduate students.
• Annual limit is up to $50,000 each year for professional students
  • Professional student programs include Law (J.D.), Medicine (M.D.), and Theology (M.Div.)
• Aggregate* limit is capped at $200,000 for professional students
• Login to using your FSA ID
• Under "Loans and Grants," click on "Master Promissory Note (MPN)" and complete the MPN for Graduate/Professional students.
• Under "Loans and Grants," click on "Loan Entrance Counseling" and complete for Graduate or Professional students.
• Completion of MPN and Entrance is only required once
• Loan is accepted and will be processed when all loan documents are received.
• Email to reduce or cancel your loan.

*Aggregate amounts do not include amounts borrowed as an undergraduate

What is the interest rate, and what fees are charged for these loans?

• Effective July 1, 2025 – June 30, 2026, the interest rate = 7.942%
• Origination fee = 1.057%, deducted at each disbursement

When do I begin repaying the loan?

• Repayment begins six months (grace period) after you drop below half-time enrollment status.
• Visit for loan repayment information and their Loan Simulator.