Most students find it necessary to finance a portion of their education with student loans. Loans are borrowed money that must be repaid, with interest. Detailed information, eligibility requirements, and borrower responsibilities should be reviewed prior to borrowing.

  • Federal Direct Student Loan

    Federal Direct Unsubsidized Loans are available to graduate students who are enrolled at least half-time. Before a student can borrow a loan, the student must apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA). Eligibility for the program will be determined by the Office of Financial Aid and indicated on your Financial Aid Award letter. Remember you can borrow less than is offered to you. You should only borrow what you need!

    Interest Rate
    Disbursed between: July 1, 2017 - June 30, 2018 July 1, 2018 - June 30, 2019
    Direct Loan (subsidized/unsubsidized) Interest rate 6% 6.595%
    • The student is responsible for the interest that accrues on the unsubsidized loan during enrollment, grace, and repayment periods.
    • Federal student loans require the student to complete an entrance counseling and a Master Promissory Note before the loans can be disbursed. Both can be completed at
    • Federal Loan Fees 1.066% of the loan amount is deducted from the Direct Unsubsidized loan prior to disbursement to your student account for loans disbursed prior to October 1, 2018.
    • Maximum Annual Federal Direct Unsubsidized loan amount you can borrow is your cost of attendance budget minus any other financial assistance received.
    • Maximum Cumulative (aggregate) Federal Direct Unsubsidized Loan Limit for graduate students unsubsidized loan amount is $138,500 —No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.

    To complete the complete the process for Federal Direct Loans, you must complete

    Master Promissory Note (MPN) : The MPN is a legal document in which you promise to repay your loans(s) and any accrued interest and fees to the Federal Department of Education. It also explains the terms and conditions of your loan. You sign the MPN once, the first time you borrow. This will allow you to borrow more from the same loan source while you are in school, without having to sign a promissory note each year.

    Entrance Counseling: The entrance counseling provides you with information on:

    • Your rights and responsibilities as a borrower
    • Who to contact with questions
    • Interest rates, expenses, repayment plans, and other important details about borrowing
  • Federal Direct Grad PLUS Loan

    Master's students can apply for a Federal Direct Grad PLUS Loan. The PLUS loan allows students to borrow up to the cost of attendance, less any other financial aid. The lender is the U.S. Department of Education. There is a loan fee of 4.264% deducted from the loan amount prior to disbursement to your student account for loans disbursed prior to Oct. 1, 2018.

    Disbursed between: July 1, 2017 - June 30, 2018 July 1, 2018 - June 30, 2019
    PLUS Loan Interest Rate 7.00% 7.595%

    Eligibility Requirements

    • Admitted/matriculated and enrolled in a Master's or professional degree program
    • Enrolled at least half-time and making satisfactory academic progress
    • Cannot have an adverse credit history (a credit check will be done)
    • U.S. citizen or eligible noncitizen and must meet general eligibility requirements for Federal Student Aid programs
    • Must not be in default on any federal education loans or owe an overpayment on a federal education grant

    Students can go on line to apply and get a credit decision and, upon approval, complete the Master Promissory Note (MPN) by following the instructions below:

    Step 1: Go to:
    Step 2: Sign in with your FSA ID
    Step 3: Request a PLUS Loan

    PLUS Loan funds are disbursed directly to the student account in two equal installments. Interest is charged beginning on the date of the first disbursement. Repayment begins immediately after graduation or if you drop to less than one-half time attendance. A Disclosure Statement will be sent to the borrower from the Direct Loan Servicing Center.

  • Alternative Student Loans

    There are a variety of banks and private lenders who offer alternative education loans for graduate students. Regis College has a formal process to review the alternative student loan offerings of the major lenders. Based on this review, we have chosen the lenders below who offer a variety of benefits to the borrowers. Be assured that Regis College receives no benefits, financial or otherwise, from the lenders presented on the list.

    Lenders offer private loan programs with different rates, fees, repayment terms and approval requirements. We suggest that you carefully review each program to compare the terms and conditions before deciding which alternative loan may be appropriate for your needs.

    Please click on the link above to access “ELM“, the new Alternative Loan Portal used by Regis College.

  • The National Student Loan Data system (NSLDS)

    The NSLDS is an online central database that keeps track of all federal student loans. Perkins Loan and Pell Grant information may also be viewed via this Website. Loan information is transmitted to NSLDS from schools, lenders, and loan servicers. All information viewed is private and secure, and can only be accessed using a student's social security number, first two letters of last name, date of birth and FAFSA PIN.