Student Loans

Federal Direct Subsidized & Unsubsidized Loans for Undergraduate Students

Methodist University participates in the William D. Ford Federal Direct Student Loan Program (Federal Direct Loans) for the processing of the Federal Direct Subsidized and Unsubsidized loans. These are low-interest loans for eligible students to help cover the cost of higher education.

Alternative Student Loans

Alternative student loans are offered by banks or lending institutions to help students and parents bridge the gap between the cost of education and the amount of financial aid received. These loans are credit based supplemental loans not guaranteed by the federal government.

Federal Direct Parent PLUS Loans

The Federal Direct Parent Loan for Undergraduate Students (PLUS) is a low-interest federally insured loan for parents (as defined by the FAFSA form) of dependent students to help pay college costs. The loan can be used to cover any educational expenses not covered by other forms of financial aid. Under the Federal Direct PLUS loan program, parents may borrow up to the full cost of their student’s education minus other financial aid received.

Federal Direct PLUS Loans for Graduate & Professional Students

The Federal Parent Loan for Undergraduate Students (PLUS) for Graduate/Professional Students (Graduate PLUS) is a low-interest federally insured loan to help pay college costs. The loan can be used to cover any educational expenses not covered by other forms of financial aid. Under the Federal Direct PLUS loan program students may borrow up to the full cost of the student’s education minus other financial aid received.