William D. Ford Federal Direct Loan Program
Application Steps:
The Federal Direct Loan is a low interest student loan that enters repayment six months after the student ceases to be enrolled at least half-time (six semester hours). Direct Loans are categorized as Subsidized (need-based, Federal Government pays interest while in school) and Unsubsidized (non-need-based, student is responsible for interest that accumulates while in school) It is available to students enrolled at least half-time. For more info, please click here.
Direct Loan Application Steps:
- File a Free Application for Federal Student Aid (FAFSA)
- Complete a Master Promissory Note
- Complete Entrance Loan Counseling
The Federal Direct Parent PLUS Loan for Undergraduate Students enables parents with good credit histories to borrow to pay the education expenses of each child who is a dependent undergraduate student enrolled at least half-time. The annual loan limit is equal to the cost of attendance at Shorter University, less any other financial assistance the student is receiving. For more info, please click here.
Plus Loan Application Steps:
- File a Free Application for Federal Student Aid (FAFSA)
- Complete a Master Promissory Note
- Apply for a PLUS loan for the applicable award year. An award year at Shorter includes summer, fall and spring semesters. If borrowing funds for summer, you’ll choose the upcoming award year in the application.
- Go to www.studentloans.gov
- Log in
- Select “PLUS Loans: Grad PLUS and Parent PLUS” from the “Grants and Loans” menu
- Select “Learn More” next to the “I Am a Parent of a Student” option to begin
Private Loan Program
Application Steps:
A private student loan is a financing option for qualified higher education-related expenses. These loans are available to help students bridge the gap between the Cost of Attendance and money received through federal loans, grants, scholarships and other aid. Private loans have various options for repayment and may offer forbearance and deferral options. In addition, interest rates for private loans are based on credit and set by the lender.
Private Loan Application Steps:
- Visit ElmSelect
- Compare and choose a lender
- Click “apply now”
Information:
Consolidation
Exit Counseling
Direct Loan
PLUS Loan
Terms & Conditions
Default Facts and Repayment Tips