The following federal Direct student loans are available to undergraduates:
Direct Subsidized/Unsubsidized Loans:
1st Year: $5,500 ($3,500 may be subsidized)
Sophomore: $6,500 ($4,500 may be subsidized)
Junior/Senior: $7,500 ($5,500 may be subsidized)
1st Year: $9,500 ($3,500 may be subsidized)
Sophomore: $10,500 ($4,500 may be subsidized)
Junior/Senior: $12,500 ($5,500 may be subsidized)
Parent PLUS Loan
Federal loan available to parents to assist in paying a student’s educational expenses.
*Interest rates for future academic years change yearly based on the auction of the Treasury bill in the spring
Students can review information regarding their federal grants and federal student loans, including borrowing history, through the National Student Loan Data System.
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:
*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:
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.