LOANS

Federal Loan Programs

Louisburg College participates in several federal loan programs. Consideration for these awards is automatic based on the results of your FAFSA. Loans may be included in your financial aid package, and you may accept or decline them as is appropriate for your situation.

Programs Award Amounts Deadlines and Notes
Direct Loans (subsidized and unsubsidized) Varies with classification N/A
Direct PLUS Loans (for parents) Up to cost of attendance (less financial aid) N/A
Perkins Loans (student loan) Up to $4,000 per academic year Limited Availability; must have a minimum 2.0 GPA and receive Pell

Alternative Loans

Alternative Education Loans, also known as Private Education Loans, help bridge the gap between the actual cost of your education and the amount the government allows you to borrow in its programs. Private loans are offered by private lenders, and there are no federal forms to complete. Eligibility for private student loans often depends on your credit score.

Guide to Alternative Loans