Loans

​As an undergraduate student at The University of Findlay, you are eligible to apply for loans through the William D. Ford Federal Direct Loan Program​. Through the federal program, you can obtain federal funds directly from the U.S. Department of Education. ​ 

Federal Loan Programs   


Stafford Loan Program - 

If you file a FAFSA and are enrolled at least half time, you may qualify for a Stafford Loan, which is a long-term, low-interest loan.   


As an undergraduate student, you may borrow up to $5,500 in Federal Direct Loans your first year, with the dollar amount increasing as you progress academically. The FAFSA and your cost of education will determine how much you can borrow. Your enrollment level also plays a role in your loan eligibility, but you must be enrolled at least half-time, which requires at least six hours of credit in a term. There is no requirement to demonstrate financial need.     

Parent PLUS Loans – 

Your parents may also have the option of applying for a Parent PLUS loan if you are enrolled at least half-time. The loan is in the parent’s name, but on your behalf, and is credit-based. Parent PLUS loans have a fixed interest rate of 6.41%. Click here​​ to learn more.   ​ 



Private Loan Options   

You may wish to consider one of the alternative loans that are available to undergraduate students in lieu of the Direct Parent PLUS Loan. As the borrower, you must initiate the loan, which must subsequently be certified by the Financial Aid Office. Generally, you must be creditworthy, and a cosigner must be creditworthy as well.  Click here to see a list of loan companies that the University recommends.

While you may be able to borrow without a cosigner, having a cosigner may reduce the fees and/or the interest rate on the loan. A careful review of interest rates and their trends may be of value as you decide whether the Direct Parent PLUS or the alternative loan is the right choice for you. Please use the following link to explore some private loan options.