Saint Paul 大学 Loans

Loans are financial aid that must be paid back. 的 student must complete on-line Entry Loan 咨询 and be registered for 6 credits. Need based and non-need based Saint Paul 大学 loans are available.

​Saint Paul 大学’s 3-year cohort default rate for 2019, the most recent year available, was 3.4%. For information about the national average Cohort Default rate, as well as specifics by institution type, visit Federal Student Aid’s default management site.

Federal Direct Loan

Whether or not students qualify for a grant, they can get help to meet their educational expenses by borrowing money from the Direct Student Loan Program or one of several other available Saint Paul 大学 loan programs. Depending on their eligibility, first year students may borrow up to $5,500 per academic year. Upon completion of 30 credits toward program requirements students reach sophomore status and eligibility increases to $6500 per academic year. Students will find out what their loan eligibility is from the Award Letter.

Subsidized Loans are need-based loans. 的 government pays the 感兴趣 during the school enrollment and the grace period.

Unsubsidized Loans are not need-based loans. 的 student is responsible for the 感兴趣 during enrollment although the payments are not required until after the grace period.

加上贷款s (Federal Parent Loans for Undergraduate Students)

Parents of dependent students who want to assist in paying for college may apply for a 加上贷款 through the federal government. Parents may borrow up to the student’s cost of attendance minus other aid provided the student is enrolled in at least 6 credits. PLUS loans require a credit check. Repayment begins within 60 days of loan disbursement.

Begin the Parent 加上贷款 Pre-Approval process and Loan Processing

Entrance Loan 咨询 Requirement

Students who are applying for loans must complete Entrance Loan 咨询 prior to receiving their first loan. Saint Paul 大学 requires this even if you have completed it through another institution. It is a guide to help students understand federal student loans, including repayment obligations, 感兴趣, enrollment requirements, accessing records, and who to contact with questions.

Begin your Entrance Loan 咨询

Exit Loan 咨询 Requirement

Students applying for graduation, 撤回, or who cease enrollment at Saint Paul 大学 and have received a Federal Student Loan during their enrollment are required to complete Exit Loan 咨询. It is an online guide to help students understand what is expected during the grace period and repayment period of federal loans. This is a requirement only for students who are ending enrollment at Saint Paul 大学.

Begin your Exit Loan 咨询

Federal Loan Reporting 信息rmation

If you receive a Federal Direct loan, the information is sent to your loan 服务r and the National Student Loan Data Sy阀杆 (NSLDS) . If you have questions about your loans when you enter repayment, we encourage you to contact your 服务r or find information about your 服务r on the NSLDS website, http://studentaid.gov/. You are responsible for repaying student loans that you receive at Saint Paul 大学. Other 状态 agencies, federal agencies, 大学, and credit companies will have access to information about the loans you agree to repay. It is in your best 感兴趣 to have regular communication with your loan 服务r as failure to repay can have consequences.

Pay As You Earn Repayment Plan
If your student loan debt is high relative to your income, you may qualify for the Pay As You Earn Repayment Plan. 大多数 直接贷款—except for Direct 加上贷款s for parents and Direct Consolidation Loans that repaid PLUS loans for parents—are eligible for Pay As You Earn. To qualify for Pay As You Earn, you must have a partial financial hardship. Go to the Federal Student Aid website for more information on Pay As You Earn Repayment Plan.

Veterans Benefits and Cost of Attendance

Saint Paul 大学 does not include veterans, 参加后备役军官训练军团, and other military benefits as resources when determining need for the student’s cost of attendance. This is most common when determining a student’s eligibility for student loans or work study.

Code of Conduct Policy for Saint Paul 大学 Staff

的 following Code of Conduct is in response to the Higher Education Opportunity Act signed into law on August 14, 2008. It is applicable to all Saint Paul 大学 staff with responsibilities related to Federal Title IV student loans and prohibits a conflict of 感兴趣. Where applicable, this code is superseded by Minnesota State 大学s and Universities Employee Code of Conduct, if more restrictive.

Code of Conduct (PDF)

私人贷款

You are strongly encouraged to pursue the availability of free or lower-cost financial aid with the 大学’s financial aid office. Free or lower-cost Title IV federal, 状态, or school student financial aid may be available in place of, or in addition to, a private education loan. To apply for Title IV federal grants, loans and work-study, submit a Free Application for Federal Student Aid (FAFSA) available at http://studentaid.gov/h/apply-for-aid/fafsa, or by calling 1.800.4.美联储.援助, or in the Financial Aid Office.

• A private education loan may reduce eligibility for free or lower-cost federal, 状态, or school student financial aid.
• You are required to complete the Private Loan Form and provide it to your lender if you choose to apply for a private loan.
• 的 financial information required to complete this form can be obtained from the school’s financial aid office. If the lender has provided this information, you should contact your school’s financial aid office to verify this information and to discuss your financing options.
  
• 的 FastChoice tool is available to compare private loan lenders that Saint Paul 大学 students have used in previous semesters.
  

Go to Private Loan Form (PDF)