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Financial Aid Ready | How to borrow for school | A free online resource

Perkins Loan

Federal Perkins Loans are low-interest (5%) federally subsidized loans for undergraduate and graduate students with exceptional financial need. Portland State acts as your lender and the loan must be repaid to the school. Read more about Perkins Loans

Subsidized Stafford Loan

A moderately low-interest, need based loan only available to eligible undergraduate students. Interest does not accrue during in school deferment. Repayment begins six months after recipients are no longer enrolled at least half time. Read more about Federal Direct Stafford Loans

Unsubsidized Stafford Loan

A moderately low-interest loan available to eligible undergraduate, post-baccalaureate, and graduate students enrolled at least half time. Unlike the Subsidized Stafford loan, interest does accrue on this loan while the student attends school. Read more about Federal Direct Stafford Loans

Parent PLUS Loan

The Parent Loan for Undergraduate Students (PLUS) is a federal loan for parents to borrow on behalf of their dependent students. The parent PLUS loan has a moderately low fixed interest rate. For parents to be eligible to borrow this loan, students are required to be enrolled at least halftime (6+ credit hours). Parents must be a U.S. citizen or an eligible non-citizen and pass a credit check. For more information, visit the Parent PLUS loan page.

Graduate PLUS Loan

The Graduate PLUS loan is a fixed interest rate federal loan for graduate and professional students in an eligible program. To be eligible for this loan, graduate students must be enrolled at least halftime, have submitted a FAFSA, be awarded Federal Stafford loans, be a U.S. citizen or an eligible non-citizen and pass a credit check.For more information visit the Graduate PLUS loan page.

Alternative Loans

Many lenders offer alternative/private education student loan programs. These are separate from the Federal Stafford and PLUS loan programs that PSU administers and are not federally regulated lending programs. It is recommended that all students first apply for Federal Financial Aid before applying for alternative or non-federal funding because terms/interest rates vary on alternative loans. These outside resources will be taken into consideration when determining eligibility for financial aid. To apply for an alternative loan, apply directly with the lender of your choice. Start your research and read more about Alternative Loans.