Most students find it necessary to finance a portion of their education with student loans. Detailed information, eligibility requirements, and borrower responsibilities should be reviewed prior to borrowing. Eligibility for the programs below will be determined by the Office of Financial Aid and indicated on your Financial Aid Award letter.

Federal Stafford Loan
Federal Stafford Loans are available to undergraduate and graduate students who are enrolled at least half-time.

• The Subsidized Federal Stafford Loan is available to students who demonstrate financial need. The interest is paid (subsidized) by the federal government while the student is in school and during a six-month grace period after the student ceases to be enrolled at least half-time.
• The Unsubsidized Federal Stafford Loan is available to students who do not demonstrate financial need, or whose financial need has been met by other resources (e.g., grants and scholarships). The student is responsible for the interest that accrues on the unsubsidized loan during enrollment, grace, and repayment periods.

Maximum Annual Federal Stafford Loan Limits (2007-08)*

* These loan limits include both subsidized and unsubsidized amounts and cannot exceed your cost of attendance minus other financial aid.

Federal Perkins Loan
Federal Perkins low-interest (5%) loan funds are provided to Regis by the federal government. Awards range from $1,000 to $4,000 annually and funding is limited. Repayment begins nine months after the student is no longer enrolled at least half-time.

Massachusetts No-Interest Loan
The Massachusetts No-Interest Loan (NIL) is a loan from the Commonwealth of Massachusetts awarded by Regis to full-time undergraduates from Massachusetts with high financial need. No interest is charged on this loan. Repayment begins six months after the student graduates, withdraws, or drops below half-time status. Awards range from $1,000 to $4,000 annually and funding is limited.

Helpful Links

• U.S. Department of Education's Student Guide