| Program |
Who is Eligible |
Amount |
Interest |
How to Apply |
| Federal Direct Student Loan (subsidized) |
Undergraduate students with financial need |
$3,500 - $5.500 |
Fixed 3.4% (through June 30, 2012) |
File FAFSA*, complete Master Promissory Note (MPN) and Entrance Loan Counseling. |
| Federal Direct Student Loan (unsubsidized) |
Undergraduate students with or without financial need |
$2,000 - $5,500 |
Fixed, 6.8% |
File FAFSA and MPN |
| Federal Perkins Loan/ BSN Nursing Loan |
Students with greatest need (limited number available) |
$500 - $3,000 |
Fixed, 5.0% |
File FAFSA; awarded by Gannon Financial Aid Office |
| Federal Direct Parent PLUS Loan |
Parents borrowing for a dependent student |
Up to the cost of education less aid received |
Fixed, 7.9%
(2.5% fee) |
File FAFSA, and parent complete PLUS Master Promissory Note and PLUS Loan application |
| Federal Direct Graduate PLUS Loan |
Graduate students with financial need. |
Up to the cost of education less aid received. |
Fixed, 7.9%
(4% fee) |
File FAFSA, and parent complete PLUS Master Promissory Note and PLUS Loan application |
| Alternative Educational Loans |
Students with a credit-worthy co-signer |
Up to the cost of education less aid received |
Variable, tied into Prime or LIBOR rate |
Contact local lender or Gannon Financial Aid Office |
| Addison Gibson Foundation Loan Program |
Eligibility requirements are listed on the foundation website.
|
Maximum of $12,000 for Undergraduate students and $18,000 for Graduate students. |
2% Annual Interest until one year after graduation when it increases to 5%. |
Schedule an interview with the Addison H. Gibson Foundation in Pittsburgh, PA. |