Many people don't pursue online degrees because they think they cannot afford the tuition. Student loans, one of several financial aid options available to online learners at accredited schools, can help to alleviate these concerns.
Most of the student loans described below share the following traits:
The Federal Stafford Loan provides low-interest rate loans for tuition and education expenses. Stafford recipients are not required to make payments or pay the interest during full-time attendance or the first six months after the last day of attendance.
The Unsubsidized Federal Stafford Loan is available to students who may not qualify for a subsidized Stafford Loan or for students who qualify for only a partially subsidized Stafford loan. Unlike the Stafford Loan, the borrower is responsible for the interest that accrues while in school and during the grace period.
The Federal Perkins Loan is a low-interest rate loan. This loan assists students with tuition costs and is funded on a limited basis to students with exceptional need. The major advantage for Perkins recipients is that the government pays the interest during at least half-time attendance and for nine months after the last date of attendance.
National University Higher Educational Loan Program (NU-HELP) is a low-interest rate loan established by National University. Applicants are selected on the basis of financial need and credit history. Repayment begins six months after the student's last date of attendance.
Most online students applying for a federal student loan are granted their request! A credit check is not part of the process for the federal loans described above, and a checkered credit card history will not make you ineligible.
For more information, visit the financial aid section of our website or call the Financial Aid call center at (858) 642-8500.
