There are three types of student loans available.
1. Federal Direct Loans
Federal Direct Loans are offered to students as Subsidized and/or Unsubsidized loans. The amounts are based on your year in school and FAFSA. Find more information at studentaid.gov.
2. Parent PLUS Loans
Direct PLUS Parent Loans are taken by the parent on behalf of the student.
3. Private/Alternative Loans
Private Alternative Loans are non-federal student loans. SPU does not award these loans, but will accept private loans if you work with a lender on your own. For more information, check FastChoice.
Loan next steps
1. Review your Offer of Financial Assistance to determine which loans you would like to accept or decline.
2. Complete these steps based on your selections:
- I would like to schedule an appointment with someone in Student Financial Services to discuss loans.Select one of our staff below based on your last name:
We hope this is helpful! Remember, SFS is here to help make sure you are prepared when you arrive on campus in the fall.
Here’s a quick review of the steps all incoming students need to make sure you are on track:
Ø Log in to Banner and check your outstanding Financial Aid Requirements
Ø Complete all the items on your Financial Aid Checklist
Ø If accepting loans, complete the appropriate next steps listed above