Student Loans

Federal Direct Loans are available for eligible students who are enrolled at least half-time. Half-time enrollment for undergraduate students is defined as of a minimum of 6 credit hours per payment period. Half-time enrollment for graduate students is defined as a minimum of 3 credit hours per payment period. The credits must count toward students’ Programs of Study. Students who complete the academic requirements for Programs of Study but do not yet have degrees or certificates are not eligible for additional FSA funds for those Programs of Study. Loan repayment begins after the grace period ends or when students drop below half-time enrollment.

Federal Direct Subsidized Loans are available to undergraduate students who demonstrate financial need. The U.S. Department of Education subsidizes interest while students are enrolled at least half-time or during the grace periods, or deferment periods.

Federal Direct Unsubsidized Loans are available to undergraduate and graduate students and are not based on financial need. Loan limits are higher for independent undergraduate students than for dependent students. Graduate students are only eligible to receive unsubsidized student loans. Students are responsible for interest charges over the course of the loan(s).

Dependent students have lower unsubsidized annual loan limits than independent students. If a dependent student’s parent(s) cannot borrow Direct PLUS Loans; the students become eligible for additional unsubsidized annual loan amounts that apply to independent students.

Direct PLUS Loans are loans for eligible graduate or professional students and eligible parents of dependent undergraduate students to help pay for the cost of the students’ educations. Graduate or professional students should exhaust unsubsidized loans before taking out Direct Graduate PLUS Loans.

Students applying for aid may consider a variety of resources. Post University encourages students to utilize Federal Student Aid options prior to seeking private loan resources. To learn more about applying for aid please visit https://studentaid.gov/.

Students who need additional funding after all other sources of aid have been exhausted may consider private student loans.  Many financial institutions such as banks and credit unions and other third party lenders offer private or alternative student loans options. Unlike Federal Student Loans, private loans are subject to a credit review and individual lender terms and conditions. These loan programs may offer competitive interest rates and terms. To understand the differences between federal and private student loan options, please visit Federal Versus Private Loans provided by U.S. Department of Education. Students should explore and compare interest rates, fees and repayment options before accepting any private student loan.

Students may choose to use any eligible lender that offers private loans. The University does not recommend a particular lender nor does it maintain a list of preferred lenders.

Private education loans may be available to you through a variety of lenders and banks to help cover the gap between the cost of attending Post University and the amount of other funding sources, including financial aid.  To assist in your search, we invite you to use the Skyline Financial Federal Credit Union search tool!

With Skyline Financial Federal Credit Union’s platform, you can search and compare real, personalized private student loans offered from over 20+ lenders through a simple, three-minute application. Skyline Financial Federal Credit Union provides a suite of tools that make loan comparison easy, digestible, and visual. Some students may not qualify for a private student loan.

A historical listing of private student loan products utilized by Post University students may be found by visiting Elmselect.com. Students may also visit Finaid.org.

If you have concerns about your private student loan, the Consumer Financial Protection Bureau’s private student loan ombudsman may be able to assist you. When considering any type of student loan as a source of funding, Post University encourages students to borrow responsibly and request only what is needed to minimize future debt.

Federal Direct Loans have both annual and aggregate limits. Annual loan limits apply to the academic year whereas aggregate limits apply to the students’ entire borrowing histories. Annual loan limits may be increased as students progress to higher grade levels. Loans are subject to proration for undergraduate students whose remaining length of the Program of Study is less than one academic year. Additional information on loan limits can be found at https://studentloans.gov.