Federal Direct Stafford Loan
The Federal Direct Stafford Loan is available through the William D. Ford Federal Direct Loan Program to help pay for educational expenses. The Penn State Office of Student Aid awards Stafford Subsidized or Stafford Unsubsidized Loans, or a combination of both, based on financial need.
Federal Direct Parent PLUS Loan
You may need funds in addition to your student’s Stafford Loan to pay for your student’s education. The Federal Direct Parent PLUS Loan is available to parents of dependent undergraduate students.
Federal Direct Graduate PLUS Loan
As a graduate or professional student, you may need to borrow more than the Federal Direct Stafford Loan to pay for your education. The Federal Direct Graduate PLUS Loan can help.
Federal Loan Repayment: Who to Call
A partial list of federal loan servicers.
Private Alternative Loans
Private alternative loans are managed through private lenders, issued in the student’s name, and require a co-signer. Eligibility, rates, terms, and conditions vary.
Federal Perkins Loan
The Federal Perkins Loan is for undergraduate and graduate students and offers a 5 percent fixed rate with no origination fees.