Financial Aid - Massage Therapy

Federal Student Loans

The maximum amount a student may borrow is based on the program of study and demonstrated financial need. If the allowable cost of education exceeds the maximum Direct Loan eligibility the student may borrow from credit-based private loans, or the student's parent(s) may borrow from the Parent PLUS Loan. Entrance counseling is required for Federal Direct Loans.

Types of Federal Loan Programs

Federal Direct Subsidized LoanLearn more »
A need-based loan where the government pays the interest while the student is attending school on at least a half-time basis, and during the 6 month after school grace period. After July 1, 2013, a loan fee of 1.051% will be deducted from the loan prior to disbursement. Interest begins to accrue after the end of the grace period and throughout repayment (view interest rate chart).  These funds must be repaid. 

First-time borrowers after July 1, 2013 are subject to new limitations on the length of time for the Subsidized Direct Loan.  These borrowers are subject to maximum eligibility time limitations equating to 150% of the published length of the student's program. For details, please review the Federal Student Aid publication on this new regulation.

Federal Direct Unsubsidized LoanLearn more »
A non-need based loan where the student is responsible for all interest which accrues from the day of disbursement (view interest rate chart). After July 1, 2013, a loan fee of 1.051% will be deducted from the loan prior to disbursement. Repayment begins 6 months after graduation. These funds must be repaid. 

Parent PLUS LoanLearn more »
A credit-based, non-need loan applied for by the parent of a dependent student. Interest accrues from the day of disbursement (view interest rate chart). After July 1, 2013, a loan fee of 4.204% will be deducted from the loan prior to disbursement. The maximum amount cannot exceed the approved cost of education (including all other aid) for the loan period. Repayment begins 60 days following disbursement. See the Parent PLUS Authorization Form for eligibility criteria and instructions on completing the application process.

More Information

View the most recent federal loan interest rates

Most loan and scholarship programs require students to maintain standards of satisfactory academic progress

Allowable Loan Maximums - Undergraduate 

Loan Program Maximum Per Academic Period
Federal Direct - Dependent $5,500
Federal Direct - Independent $9,500

Note: Students may borrow up to the maximum amount over three trimesters. The allowable amount is a combination of subsidized and unsubsidized loans, depending on eligibility.

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