Federal Student Loans
There are two federal student loans available to graduate students to assist in paying their educational expenses.
Direct Unsubsidized Loan
Graduate PLUS Loan
*Interest rates and originaton fees change yearly based on auction of Treasury bill in spring.
- 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
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
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 firstname.lastname@example.org 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