Seton Hall University
Commencement

Loan Information

Direct Loans »

The Direct Loan is a low-interest loan for students offered by the U.S. Department of Education. Repayment begins six months after graduation, upon termination of an academic program, or after enrollment drops below half-time status.

Federal Nursing Faculty Loan Program

The purpose of the Nurse Faculty Loan Program (NFLP) is to increase the number of qualified nursing faculty by providing loans to students enrolled in an advanced education nursing program. The interest on this loan is 3%. After graduation from the advanced education nursing degree program, loan recipients may cancel up to 85 percent of the NFLP loan over a consecutive 4-year period while serving as full-time nurse faculty at a school of nursing.

Direct Parent PLUS Loan »
The U.S. Department of Education offers a loan program called the Federal Direct Parent PLUS Loan (PLUS). Parents can borrow a PLUS loan to help pay your educational expenses if you are a dependent, undergraduate student, enrolled at least half-time. Parents must be creditworthy to receive the loan. If a parent is denied a request for a PLUS loan, the student may be eligible for an additional Direct Unsubsidized Loan.

Direct Graduate PLUS Loan »
Graduate and professional degree students are now eligible to borrow under the PLUS Loan Program. Graduate students must have applied for their annual loan maximum eligibility under the Direct Unsubsidized Loan Program before applying for a graduate/professional PLUS loan.

Alternative Student Loans »
An alternative loan is a private student loan in the student's name. Alternative loans help bridge the gap between the actual cost of your education and the limited amount the government allows you to borrow in its programs. Private loans are offered by private lenders and there are no federal forms to complete. Eligibility for private student loans often depends on your credit score.

Additional Resources