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You must complete the FAFSA to be considered for Federal Direct Subsidized and Unsubsidized Loans.

The main  between the two loan programs:

• Interest on subsidized loans is paid by the U.S. Department of Education while you are in school at least half-time and during any grace or deferment periods. Half-time enrollment is six credits for undergraduate students and five credits for graduate students.
• The borrower is responsible for the interest on unsubsidized loans. 

More information about these loans can be found at , including:

• Current 
•  Information

To receive Federal Direct Subsidized/Unsubsidized loan(s) offered to you as part of your financial aid award:

1. Accept the loan(s) in  through the Finances Hub

Student advisory about Federal Direct Subsidized Loans: First-time borrowers on or after July 1, 2013 are .

The Nursing Student Loan programs provide long-term, low-interest rate loans to undergraduate students who have been admitted into the nursing program and have filed their FAFSA by December 1.

• If your financial aid award includes a Nursing Loan, it will be automatically "accepted" in  on your behalf but the funds cannot be applied to your student account until these documents are completed and returned to the Office of Student Accounts (not Student Financial Aid):
  • Statement of Rights and Responsibilities
  • Personal and Confidential Information Sheet
  • Master Promissory Note
  • Truth in Lending Statement
• Documents are .
• If you are not interested in using the Nursing Loan that has been offered to you, please decline it via . (Check the box in the "Decline" column, click "Submit," and click "Yes" to continue. If the process has been completed successfully, a "Submit Confirmation" page will appear.

Students must complete the FAFSA to be eligible for this loan program. Only parents of dependent students can apply for a PLUS loan. The applicant is the student's parent, who is responsible to begin repayment almost immediately upon disbursement. 

• Review maximum PLUS loan eligibility by viewing the estimate on your award letter or in the Student Center of .
• Parents of dependent students may apply for the PLUS loan at . The parent applying for the loan must sign into with the FSA ID (username and password) they used to sign the FAFSA. The student cannot be signed into to have the parent apply for this type of loan. This is a very common error and will delay our ability to process the PLUS loan request.

• More help: Step-by-step instructions (PDF)

• Once approved, the parent must complete the Master Promissory Note at .

If the parent is denied a PLUS loan because of an adverse credit history, he or she will have the option to do any of the following in order to attempt to be approved: 

1. complete PLUS counseling,
2. obtain an endorser who does not have an adverse credit history, or
3. document to the satisfaction of the U.S. Department of Education that there are extenuating circumstances related to the adverse credit information.

This information is available at .

If these are not viable options for the parent, the student may be eligible to receive additional unsubsidized loan funds. Please contact our office for more information.

Private Loans are generally in the name of the student; however a parent or sponsor can also be a borrower. The FAFSA is not required for these loans. Often the student is the borrower, and may need to have a creditworthy co-borrower. Interest rates, repayment plans and deferment options vary widely among lenders. Be sure to "shop" for the option that is right for your situation since these are loans that are designed to bridge the funding gap when savings, scholarships, grants, federal loans, and other resources are not sufficient.

Please be sure to exhaust the federal loan programs (subsidized/unsubsidized/PLUS) available to you before considering a private loan. Private loans are not part of any federal student loan program. 

• To research, apply, and borrow a private loan, compare lenders at . You will find online applications in  too.

As a borrower you have the right to choose any lender, credit union, or student loan processor you choose. If you would like to use a lender not available through FASTChoice, contact us.

The Graduate PLUS loan, or GradPLUS loan, is a low, fixed interest rate student loan guaranteed by the U.S. government. Students must complete the FAFSA to be eligible for this loan program. The Grad PLUS loan is a non-need credit-based loan similar to a private student loan with the benefit of having a fixed interest rate and federal guarantee. The GradPLUS Loan allows graduate students to borrow the total cost for their graduate school needs, including tuition, room and board, books & supplies, and travel, less any other aid. GradPLUS payments can be deferred while you are in school.

• Graduate students apply for GradPLUS loans at
• Once approved, the student must complete the Master Promissory Note at

If the student is denied a GradPLUS loan because of an adverse credit history, he or she will have the option to do any of the following in order to attempt to be approved: 

1. complete PLUS counseling,
2. obtain an endorser who does not have an adverse credit history, or
3. document to the satisfaction of the U.S. Department of Education that there are extenuating circumstances related to the adverse credit information.

This information is available at .

A full load of coursework at the graduate level is nine to fifteen semester credits. Doctoral students who are in their final semester of study can receive loans if they have completed all degree requirements except the dissertation. For international students participating in curricular practical training (CPT) and/or academic training (AT) opportunities of 30 or more hours per week with approval from the international center, one or more graduate hours constitute full-time enrollment. Students are required to complete the Request to be Considered Full-time with Less than Nine Credit Hours Form.

• University of Akron students and parents should be aware that if they enter into an agreement regarding a Title IV, HEA loan that information will be disclosed to NSLDS and will be accessible by authorized agencies, lenders, and other post-secondary educational institutions.
• Student Loan Code of Conduct

•  helps you understand financial aid and assists you in managing your finances.
•  (video)
• Guide to current federal loan  programs
• Federal loan  programs

• Undergraduate Student Loan Guidance
• Graduate/Professional Student Loan Guidance
• Parent Loan Guidance