Loans for Traditional Undergraduate Students

We get it: The idea of taking out loans may seem intimidating. But did you know that 75% of graduates who attended a private, non-profit school (like George Fox) graduated with some student loan debt? ( Forbes ) It’s common, and if done right, can be the best kind of investment in your future.

We can help you consider your options responsibly to ensure that, if taking out loans is part of your financial path moving forward, you’re doing so carefully and considerately.


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 after the beginning of classes each semester. For direct deposit and refund information, contact Student Accounts.

Stafford Loans

Federal Direct Subsidized and 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.

All Stafford Loans:

For more information on the current interest rates and origination fees, see

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Subsidized Stafford Loans:
  • Are available to students with financial need*
  • Are subsidized by the Department of Education, which pays the interest on the loans while the student is enrolled in school at least half time
Unsubsidized Stafford Loans:
  • Are available to students regardless of financial need*
  • Accrue interest at the point the loan is disbursed onto your student account (typically 10 days before semester begins)

*Financial need is defined as the cost of attendance minus all financial aid.

Annual Loan Limits

Freshmen Sophomore Junior and Senior
Dependent Student Total $5,500 $6,500 $7,500
Independent Student Total $9,500 $10,500 $12,500
Maximum Subsidized Portion (Based on Financial Need) $3,500 $4,500 $5,500
Additional Unsubsidized if Parent PLUS loan is denied $4,000 $4,000 $5,000

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

Maximum Total Debt from Stafford Loans When You Graduate (aggregate loan limits)

Dependent Student Total $31,000
Independent Student Total* $57,500
Maximum Subsidized Portion
(Based on Financial Need)

*And Dependent Students whose parents cannot borrow from the PLUS loan program

Parent PLUS Loans*

Direct Parent PLUS loans are federal loans provided by the U.S. Department of Education that parents of dependent undergraduate students can apply for to help pay education expenses.

Watch our tutorial video about Plus Loans

Here are some quick facts about Parent PLUS Loans:

*Plus loans applications become available in May for the following academic year.

**Note: If your loan is deferred, interest will accrue on the loan during the period of deferment. You may choose to make interest-only payments during the deferment period, but are not required to. To set up interest only payments, contact your servicer.

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Application Process

The application is available online at Parents must log in using their FSA ID and password (not the student’s). You should be notified right away on whether you are approved or denied. Once your application is submitted, it will be sent directly to George Fox within 24 hours.

Applications are aid-year specific and must be completed each year you wish to borrow a Parent PLUS loan.

The loan amount can be specified during the application process as one of the following:

Once the application is complete, parents will also need to complete a PLUS Master Promissory Note at (only needs to be completed once per child).

What if I am denied?

In some cases, when a parent is denied, they may still be able to receive a PLUS loan by:

If either is true, parents will also need to complete PLUS Counseling at before disbursements of the loan can be made.

If a parent is unable to obtain an endorser or appeal, the student may be eligible for additional unsubsidized loans to help pay for his or her education.

Interest Rates

Interest rates are fixed for the life of the loan. To find the current interest rates, visit


There is a loan fee on all Direct PLUS Loans. The fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement. For current loan fee information, visit

Loan Transfer Policy

A PLUS loan made to a parent cannot be transferred to the child. The parent is responsible for repaying the loan.

How much should I request for my PLUS loan?

PLUS loans have a loan fee of 4.228%. A loan fee comes out of the amount of money that is disbursed (paid out) to you while you’re in school. This means the money you receive will be less than the amount you actually borrow. Use the form below to determine how much you should request to make sure you receive all you need in your student account.

Private Loans

Private (or alternative) loans are loans that are not part of the federal financial aid program.

Here are some quick facts about private loans:

Where do I find a private loan?

These resources will help you make an informed decision about the most appropriate loan for you:

Your financial aid counselor cannot recommend any private lender but can help you understand your options.

Watch our Tutorial Video about applying for Private Loans