Loans for Graduate Programs

Loan Disbursement Timeline

Loan funds will be applied to your student account (disbursed) 10 days before the start of your first class if you have:

Excess funds are sent within 6 to 10 business days beginning the beginning the first week of classes each semester. For direct deposit and refund information, contact Student Accounts.

Loan Types

Unsubsidized Stafford Loans

Federal Direct Unsubsidized Stafford Loans are federal student loans offered by the U.S. Department of Education for eligible students to help cover the cost of higher education.

Unsubsidized Stafford loans are available to undergraduate and graduate students, regardless of financial need. Interest accrual begins at the point of disbursement.

Interest rates for unsubsidized loans are fixed, and there is an origination fee deducted from the funds prior to receipt at the university. Specific information on the current interest rates and origination fees is available at studentaid.gov.

Watch our tutorial video about studentaid.gov

Annual Loan Limits

Degree Type Loan Limit
Graduate or Professional Annual Loan Limit $20,500 (unsubsidized only)
Doctoral Degree in Clinical Psychology (9-month enrollment) $33,000 (unsubsidized only)
Doctoral Degree in Clinical Psychology (12-month enrollment) $37,167 (unsubsidized only)

Loans cannot exceed the cost of attendance less other financial aid.

Maximum Total Debt from Stafford Loans When You Graduate

Degree Type Aggregate Loan Limits
Graduate and Professional Degree Students $138,500
Doctoral Degree in Clinical Psychology $224,000

The graduate debt limit includes Stafford Loans received for undergraduate study.

Grad PLUS Loans

PLUS loans are federal loans provided by the U.S. Department of Education that graduate or professional degree students can use to help pay education expenses. To be eligible, borrowers must apply online at studentaid.gov and be approved. The maximum loan amount is the student’s cost of attendance minus other aid.

Watch our tutorial video about Plus loans

The PLUS loan must be applied for each year the student wishes to borrow. Additional information is available at studentaid.gov.

Watch our tutorial video about studentaid.gov

Private Loans

Private (or alternative) loans are loans that are not part of the federal financial aid program. Interest rates and fees vary greatly and may depend on the borrower’s credit-worthiness. Generally, students are required to have a cosigner. Loan amounts cannot exceed the cost of attendance less other financial aid.

Try ELMSelect to view and compare lenders that have provided private loans to George Fox students in the past. While these resources will help you make an informed decision about the most appropriate loan for you, please note that you are not required to select a lender on this list.

You can also visit ConsumerAffairs.com for helpful tips on how to choose a student loan lender.

Watch our Tutorial Video about Private Loans