Loans are awarded after eligibility for grants has been considered. Student loans, like any form of loan, should be borrowed with the full realization that the money must be repaid with interest. There are several types of student loans, so it is important to understand the terms and conditions of each loan. Access your total outstanding loan balance and view your Loan Servicer contact information via the NSLDS web site http://www.nslds.ed.gov/.
In order to be eligible for these types of loans, students must demonstrate financial need as determined by the FAFSA.
Students do not need to demonstrate financial need to receive these types of loans; however, students must always complete the FAFSA to be considered for any Federal Student Aid.