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 Rate: 4.30 % for the 20-21 academic year*
  • Loan accrues interest while a student is in school
  • Origination Fee: 1.057% (for loans disbursed after 10/1/2020, but prior to 10/1/2021)*
  • Grace Period: 6 months

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 Rate: 5.30% for the 19-20 academic year*
  • Origination Fee: 4.228% (for loans disbursed after 10/1/2020, but prior to 10/1/2021)*

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

Review more information regarding Federal Student Loans.

Review federal student loan borrowing history

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

Direct Loan Consolidation

Students can consolidate their federal student loans into one loan.

Loan Repayment

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

Public Service Loan Forgiveness

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

Private student loans

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


This is where experiential learning meets academic rigor. Where you challenge your intellect and unlock your potential.