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Long-Term Loans

ASU offers several types of loans to students and their families.

Federal Direct Loans

The following are made through the U.S. Department of Education:

Direct Subsidized Loans
Are for students with demonstrated financial need, as determined by federal regulations. No interest is charged while a student is in school at least half-time, during the grace period and during deferment periods.
Direct Unsubsidized Loans
Are not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods.
Direct PLUS Loans
Are unsubsidized loans for the parents of dependent students and for graduate/professional students. PLUS loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods.
Direct Consolidation Loans
Eligible federal student loans can be combined into one Direct Consolidation Loan.

State Loans

The following are made through the Texas Higher Education Coordinating Board.

College Access Loan (CAL)
College Access Loans are designed to help students whose families are experiencing difficulty meeting the Expected Family Contribution (EFC) toward educational costs.

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Long-Term Loan Information

Looking for more long-term loan information? Check out these pages:

Emergency Short-Term Loans

Students who have maintained a satisfactory repayment record are eligible to apply for emergency loans.

These loans are typically used if a student does not have funds for a tuition installment payment as a result of an unexpected circumstance, such as the delay of awarded financial aid.

More About Loans

Did You Know?

You can meet loan entrance and exit counseling requirements online.

More About Requirements

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