Federal Student Loans

There are two federal student loans available to graduate students to assist in paying their educational expenses.

Direct Unsubsidized Loan
  • Lending Limit: $20,500 per academic year
  • Interest Rates change each academic year*
  • Loan accrues interest while a student is in school
  • Origination Fee adjusts for each calendar year.
  • Grace Period: 6 months
    This means that once a student has stopped attending at at least 6 credit hours, they have 6 months before they are required to begin repaying their loans.
Graduate PLUS Loan
  • Students must credit-qualify for the PLUS Loan
  • Lending Limit: Awarded up to a student’s estimated cost of attendance minus other forms of aid a student has been awarded
  • Interest Rates change each academic year*
  • Loan accrues interest while a student is in school
  • Origination Fee adjusts for each calendar year.

*Interest rates and originaton fees change yearly based on auction of Treasury bill in spring. 

Review more information regarding Federal Student Loans.

Students can review information regarding their federal grants and federal student loans, including borrowing history, through the Federal Student Aid Website.
  • You will need your Federal Student Aid ID (FSA-ID) to enter the site
  • You must create an FSA ID, if you haven’t already done so, in order to access Department of Education websites, such as FAFSA
Students can consolidate their federal student loans into one loan.

There are various loan repayment plans available through the Department of Education. A few repayment plans are listed below:

  • Standard Repayment
  • Income Contingent Repayment Plan—ICR*
  • Income-Based Repayment—IBR*
  • Pay As You Earn Repayment Plan*
  • Revised Pay As You Earn Repayment Plan*


*Students may be eligible for loan forgiveness

Individuals employed full-time with a public service organization may be eligible for loan forgiveness.

Naropa University awards educational loans primarily from the Direct federal student loan program. Some lenders advertise private loans that “mimic” the federal student loan program, but which differ in important ways. Private student loans:

  • Cannot be included in a federal consolidation loan
  • Are not eligible for income-driven repayment plans
  • Are not eligible for Public Service Loan Forgiveness
  • Result in an additional monthly student loan payment for the borrower


Aid from all sources cannot exceed a student’s estimated cost of attendance. Please send an email to finaid@naropa.edu with the words “Private Loan” in the subject line if you would like to start the process of requesting the inclusion of a private loan in your financial aid package.

Naropa University does not endorse or promote any private loan program or lender. Borrowers are encouraged to review federal student loan options before considering private loans since federal loans will generally have more favorable terms and conditions.

Please review Federal versus Private Loans for additional information.

Truth-in-Lending-Act Private Education Loan Application Self-Certification

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Naropa Campuses Closed on Friday, March 15, 2024

Due to adverse weather conditions, all Naropa campuses will be closed Friday, March 15, 2024.  All classes that require a physical presence on campus will be canceled. All online and low-residency programs are to meet as scheduled.

Based on the current weather forecast, the Healing with the Ancestors Talk & Breeze of Simplicity program scheduled for Friday evening, Saturday, and Sunday will be held as planned.

Staff that do not work remotely or are scheduled to work on campus, can work remotely. Staff that routinely work remotely are expected to continue to do so.

As a reminder, notifications will be sent by e-mail and the LiveSafe app.  

Regardless of Naropa University’s decision, if you ever believe the weather conditions are unsafe, please contact your supervisor and professors.  Naropa University trusts you to make thoughtful and wise decisions based on the conditions and situation in which you find yourself in.