Loans
The Federal Direct Stafford Student Loan allows a student to borrow at a low interest rate. Repayment begins six months after the student ceases to be enrolled in six or more credit hours. A freshman level student may borrow up to $3,500 in a subsidized student loan and a sophomore level student may borrow up to $4,500 per year, if eligible. A dependent student may additionally borrow up to $2,000 in an unsubsidized loan and an independent student may additionally borrow up to $6,000, if eligible. Loan funds may be used toward tuition, fees, books, transportation, and other educational expenses. Student loan information is available in the Financial Aid Office, Room B-160 of the Student Center, or call (708) 456-0300, Ext. 3155 for the loan specialist.