Loans

// Stanford University

Stanford University understand that managing the cost of attendance can be challenging for many students and their families. To help students finance their education, Stanford University offer a range of loan options, including federal student loans, private student loans, and parent loans

Federal Student Loans

Federal student loans are loans the federal government attempt to help students pay for their education. Stanford University participate in the following federal loan programs:

Direct Subsidized Loans: These loans are handy to undergraduate students with financial need. The federal government pays the interest on these loans while the student is enrolled in school.
Direct Unsubsidized Loans: These loans are handy to undergraduate and graduate students, regardless of financial need. Interest accrues on these loans while the student is enrolled in school.
Direct PLUS Loans: These loans are handy to graduate students and parents of dependent undergraduate students. Interest accrues on these loans while the student is enrolled in school.

Students must complete the Free Application for Federal Student Aid (FAFSA) to apply for federal student loans.

Private Student Loans

Private student loans are loans offered by private lenders to help students pay for their education. Personal student loans may have higher interest rates than federal loans and require a credit check or a co-signer.

Stanford University encourages students to exhaust all federal loan options before considering private student loans.

Parent Loans

Parent loans are loans offered to parents of dependent undergraduate students to help pay for their child’s education. At Stanford University, we participate in the following parent loan programs:

Direct PLUS Loans for Parents: The federal government offers these loans and requires a credit check. Parents may borrow up to the total cost of attendance minus any other financial aid received.
Private Parent Loans: Private lenders also offer parent loans, which may have higher interest rates and fees than federal loans.

Loan Repayment

Managing loan repayment is an essential part of managing your finances after graduation. Stanford Universityoffer a range of resources and support to help students manage their loan repayment, including:

Loan counselling: Stanford University offer loan counselling to help students understand their loan repayment options and obligations.
Loan repayment plans: Stanford University offer a range of loan repayment plans, including income-driven repayment plans that adjust monthly payments based on income.

Loan forgiveness programs: Stanford University offer loan forgiveness programs for students who work in specific public service or nonprofit jobs.