Loans are funds that must be repaid. Application for loans must by made be completing the Free Application for Federal Student Aid (FAFSA). You begin repayment on your student loans 6 months after you graduate or drop below half time enrollment.

Refer to the College's Academic Progress Policy for the academic requirements for student loan borrowers.

Federal Direct Stafford Loan

If you have financial need remaining after all your other educational awards are taken into account, you may be able to borrow under this program. Maximum amounts are $3,500 per year to students that have less than 31 credit hours earned in their program of study; $4,500 per year to students that have more than 31 or more credit hours.

Federal Direct Unsubsidized Loan

If you do not show financial need per the federal formula or based on the financial aid office evaluation, or have additional need after maximum Stafford Loan, you may borrow under this program.  The maximum unsubsidized loan is $6,000 per year.

Federal Direct Parent Loan for Undergraduate Students (PLUS)

Parents may borrow for their children's college education under this program. The FAFSA form must be completed and the processing of the funds is similar to the two loans above. 

Private Education Loans

Rose State College does not participate in any of the private education loans that require school authorization that are offered by lenders.  Students should apply for all federally funded loans before utilizing any private loan options.