Loans

A loan is a form of financial aid that needs to be repaid. There are several types of loans with different terms, conditions, and interest rates.

Federal Direct Subsidized and Unsubsidized Loans

Subsidized and unsubsidized loans from the U.S. Department of Education for undergraduate, graduate, and professional students.  

  • Federal Direct Loan Entrance Counseling and Master Promissory Note

    Information on the Entrance Counseling and Master Promissory Note process for first-time Federal Direct Loan borrowers.

  • Federal Direct Loan Limits

    Table with the annual and lifetime maximum loan amounts that students can borrow.  

  • Federal Direct Loan Exit Counseling

    Exit counseling for Federal Direct Loan recipients leaving or graduating from Kansas State University.

Federal Direct Parent PLUS Loan

Unsubsidized loan from the U.S. Department of Education for the parents of undergraduate students.

  • Parent PLUS Loan Information

    Parent PLUS Loan information and application for parents and students considering the loan. 

  • Terms and Conditions

    Terms and conditions for Direct Parent PLUS Loan interest rates, fees, and repayment options.

  • Federal Direct Parent PLUS Loan Master Promissory Note

    Information on the Master Promissory Note process for first-time Federal Direct Parent PLUS Loan borrowers.  

  • Parent Electronic Funds Transfer (EFT)

    The EFT application provides the option to parents who borrow the Federal Direct Parent PLUS Loan of electronically transferring excess financial aid and/or tuition refunds to a U.S. bank checking account of their choice. Completing this short EFT application saves parents from waiting for a check to be mailed to them.

Federal Direct Graduate PLUS Loan

Unsubsidized loan from the U.S. Department of Education for graduate and professional students.

Federal Perkins Loan

Perkins Loan Information for undergraduate and graduate students with exceptional financial need.

Private Loans

Private Loan Information with a list of private lenders.

Alumni and Foundation Loans

Depending on funding levels, our office may have additional borrowing opportunities for students with exceptional need.  For additional information, please contact our office.

Loan Repayment

 

All Federal Direct Loan information is submitted to the National Student Loan Data System (NSLDS) and will be accessible by guaranty agencies, lenders, and institutions that are determined to be authorized users of the NSLDS. Students may sign into NSLDS to see their loan information.

Questions about Loans

What is a Federal Direct Parent PLUS Loan?

 

A Federal Direct Parent PLUS Loan is a low-interest, unsubsidized federal loan that allows a parent of a dependent student to assist in paying for the student's college education. If a student accepts an offered Parent PLUS Loan as part of his/her financial aid package, the OSFA will request additional information to be submitted by the student’s parent, since the parent is the actual borrower of a Federal Direct PLUS Loan. We encourage you to check out the Loans section on this website for additional details.

Where is a Federal Direct Parent PLUS Loan sent?

 

The federal government sends the loan proceeds of a Federal Direct Parent PLUS Loan directly to K-State where it is applied against applicable student charges such as tuition and fees.  If the parent borrower has provided authorization, any residual amount of the loan is forwarded to the student as a student aid credit balance. If the parent borrower has not provided authorization, any residual amount of the loan is forwarded by the university to parent borrower.

Besides federal student loans are there any other student loans available?

 

Various lending institutions offer private, alternative student loans. The OSFA encourages all students at K-State to apply for all available federal student loans before applying for a private loan. Typically, the terms and conditions of private loans are less attractive for the student borrower than their federal counter parts.