Loans

Loans can be very helpful for students and families in managing college costs. Many families find that loans are an useful and important resource because they help to spread the cost of education out over a longer period of time. We encourage students and families to carefully weigh the need for loans and to borrow only what they actually need. Loans must be repaid.

Dominican participates in the Federal Family Education Loan Program (FFELP) which means that you and/or your parent have the choice of using any lender that participates in FFELP if you borrow a Federal Stafford Loan and/or Federal PLUS loan.

Please click on one of the links below for information about the individual loan programs.

Federal Perkins Loan 

Federal Stafford Loan (Subsidized/Unsubsidized)

Federal PLUS Loan for Parents

Federal PLUS Loan for Graduate Students

Private/Alternative Loans

Loan Counseling Requirement: 

Before you receive your first federal student loan disbursement (Stafford, Grad PLUS, or Perkins) you must complete the loan ENTRANCE counseling. This exercise takes about 10 - 15 minutes online and is an interactive way to learn about your rights and responsibilities as a borrower. Stafford and Grad PLUS counseling is open to anyone who would like to complete this process simply as a way to learn more about either loan.

Before or shortly after leaving school, you will be asked to complete loan EXIT counseling. This is a reminder of your rights and responsibilities, and also clearly sets expectations regarding payment. This is required any time a student ceases to be enrolled at least half time in a program leading to an approved degree or certificate.

Undergraduates and Graduate Students, please click here for Stafford Loan Counseling and then click on the Edte$t icon on the top right of the page.

Loan Repayment:

Loans must be repaid. Therefore, we strongly encourage borrowers to carefully weigh the need for loans and to borrow only what is actually needed. We encourage you to estimate and plan your repayment obligations prior to borrowing. For federal student and parent loans, borrowers should be aware of the repayment options that are available. In addition, there are a number of deferment or forbearance provisions available once the loan is in repayment. For some qualifying majors and professions, such as teaching, federal and state loan cancellation provisions can also be beneficial.

Click here for estimate, repayment, deferment and forbearance options

Click here for Loan Forgiveness Program Information

In addition to these loans, please see the work study opportunities which are also available.