Student Loan Options

Keller can help you understand the graduate school loans available, navigate the application process and determine if you qualify for an in-school loan deferment. Scroll down to learn more about available loan options.

Eligible students can use Federal Direct Unsubsidized and Graduate PLUS Loans to help fund their graduate education. The lender is the U.S. Department of Education (rather than a bank or other financial institution).

With Direct Loans:

• Students borrow directly from the federal government and have a single contact - the Direct Loan Servicing Center - for everything related to repayment
• Students have online access to their Direct Loan account information 24 hours a day, 7 days a week at StudentLoans.gov.
  
• Students can choose from several repayment plans that are designed to meet the needs of almost any borrower, and can switch repayment plans if needs change

Federal Direct Unsubsidized Loans are non need-based, low-interest loans available to eligible students enrolled at least half-time. Loan amounts are based on a number of factors such as the student's cost of attendance and federal guidelines. Please visit https://studentaid.ed.gov/sa/types/loans/interest-rates for the most up to date interest rate information.

For detailed information about the Federal Direct Loan program visit studentaid.ed.gov.

Federal Direct Graduate PLUS Loans are non need-based loans available to eligible students who are enrolled at least half-time. The PLUS borrower is the student and eligibility is based on the student borrower's credit history. Loan amounts are based on the student's unmet cost of attendance and federal guidelines. Please visit https://studentaid.ed.gov/sa/types/loans/interest-rates for the most up to date interest rate information.

For detailed information about the Federal Direct Graduate PLUS Loan program visit studentaid.ed.gov.

Private loans are bank loans for educational expenses and are not insured by the government.

Private loans are made by a bank or lender (not the U.S. Department of Education), and many programs allow students to borrow up to the cost of attendance minus any financial aid received (including federal student loans). Terms of repayment vary depending upon the lending institution.

Lenders may perform a credit check to determine credit worthiness (income, employment, residency, etc.) before approving these loans. Some students may need a co-signer.

Because interest rates may be higher for private loans, it may be beneficial to complete a FAFSA® to apply for and determine eligibility for federal loans first, then borrow only what you need to pay the balance of your education costs.

Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness benefits, which other student loans are not required to provide.

If you are interested to learn more about private loans speak to your DeVry University Student Finance professional. For more information on specific private loan programs contact the lender of your choice. Note that you are not limited in your choice of lenders - feel free to shop around. See below to learn about the application process.

The Application Process:

1. Submit your FAFSA. If you have not submitted your FAFSA, visit fafsa.ed.gov.
2. Review your estimated financial aid awards with your DeVry Student Finance Professional.
3. Determine how much you need to borrow in each loan program.
4. If you have remaining costs that are not covered by the financial aid or other grants or scholarships, you may want to consider a Private Loan. Remember to borrow wisely, and borrow only what you need for educational expenses.
5. When you apply for a private Loan, there is a credit check process, so your loan approval, subsequent interest rate and loan fees (if applicable), are based on your credit status.

DeVry University does not make any recommendations regarding lender selection. The lenders below are listed in alphabetical order, and therefore do not indicate any sort of rank or preference. Students are encouraged to review each lender’s terms and conditions before selecting a lender. Lender terms and eligibility criteria sometimes change, and while all of the lenders listed below currently provide loans to DeVry University students, they may not always do so. Students may choose to borrow from one of the lenders listed in the attached or from any other lender.

DeVry observes federal and state regulations regarding student loan requirements.

Code of Conduct agreements were designed to create and ensure uniform student loan practices that focus on the best interest of borrowers. In these documents, restrictions are defined to manage the relationships among school employees, learning institutions, lender advisory board members, and student loan organizations. Students are encouraged to review the Code of Conduct agreements to learn more about the requirements governing loan regulations.

• Student Finance Conflict of Interest Policy and Code of Conduct

If you have any questions about these documents, please contact DeVry University's Keller Graduate School of Management Student Finance.