Student Loans

Federal Perkins | Subsidized Stafford | Unsubsidized Stafford | Parent Plus | Grad Plus | Private Loan | Stafford Annual Limits

The federal student loan programs listed below are available for qualifying students on the basis of financial need and completion of the financial aid application process.  Student loan programs are direct aid that help students help themselves by accessing low-interest loan funds now and repaying them later.  Generally, student loans have deferral options.

Federal PLUS and Private Student Loans can help to supplement grant, scholarship, and student loan eligibility up to the cost of attendance minus any aid a student is receiving. Unlike Perkins and Stafford student loans, repayment is generally not deferred. Some lenders do, however, offer repayment terms that include interest-only or principal deferment while a student is enrolled.

Available student loans include:

Federal Perkins Loan: 

Recipients at Dominican may receive between $500 to $2,000 annually. Available funding is limited, therefore, priority is given to undergraduate day program underclassmen with significant financial need.  This fixed rate loan begins repayment and interest accrual (5%) nine months after graduation or ceasing at least half-time enrollment.

If you have been awarded a Perkins Loan, please click here to complete and eSign your Master Promissory Note.
Please click here to complete the Perkins Loan Entrance Counseling

Subsidized Stafford Loan:

This need-based loan carries a fixed interest of 3.4% for undergraduate students and 6.8% for graduate students and is available for students who demonstrate financial need.  Repayment and interest accrual begin six months after graduation or ceasing at least half-time enrollment.   Annual and aggregate maximum loan limits apply.

Please click here to complete Loan Entrance Counseling and to sign your Master Promissory Note for your Stafford Loan

Unsubsidized Stafford Loan:

Students who do not demonstrate financial need may receive the Unsubsidized Stafford loan, however, interest begins accruing immediately with a fixed interest rate is 6.8%.  Repayment begins six months after graduation or ceasing at least half-time enrollment.  Annual and aggregate maximum loan limits apply.

Please click here to complete Loan Entrance Counseling and to sign your Master Promissory Note

Federal Parent PLUS Loan:

Parents of dependent undergraduate students may borrow up to the cost of attendance minus other financial aid received. This loan is not based on financial need, however, borrowers must be creditworthy. Interest on this loan is fixed at 7.9%.

Please click here to complete a Federal Parent Plus Loan Application 

Federal Grad PLUS Loan for Graduate Students:

Students enrolled in a program leading to a Master's Degree may borrow from the Federal PLUS Loans for Graduate program.  This loan requires a separate application process.  Applicants for this loan are subject to a credit check by the lender.  Repayment begins 60 days after the final disbursement of the loan.  The interest rate on this loan is fixed at 7.9%.

Please click here to complete a Federal Grad Plus Loan Application

Private Student Loans

Credit based loans for higher education generally require a 2-year credit history and/or a co-signer. Typically, dependent undergraduate students do not have a sufficient credit history to borrow without a co-signer, but many families find that the terms and conditions of private loans are favorable for co-signers.

 Selecting a lender for your Private Loan will require some research on your part.  Here is a link that may be help you start your search on information about  Private Student Loans

Stafford Annual Loan Limits:

Stafford loan eligibility depends on your grade level and federal aid eligibility, your total aggregate borrowed amount, and your enrollment status.  Below are the maximum annual limits based on student’s grade level:

*For undergraduate federally-independent students.