Student Loans
Student loans are a valuable resource available to assist you in meeting the cost of education. You are not required to borrow any loans; however, loans allow you to defray tuition costs over a longer period of time — typically 10 years. For additional information about these loans, please contact the Office of Financial Aid at finaid@udayton.edu.
Stafford Loan
The Stafford Loan is a federally-sponsored student loan program, which offers two types of loans. Subsidized loans, which have a fixed interest rate of 5.6 percent, are based on financial need. Unsubsidized loans, which have a fixed interest rate of 6.8 percent, are not based on financial need. To determine your eligibility, complete the FAFSA.
Perkins Loan
The federal Perkins Loan, which has a fixed interest rate of 5.0 percent, is based on financial need, and the award maximum is $2,000 per year. To determine your eligibility, complete the FAFSA.
Private Alternative Student Loans
Private loans for educational expenses are available, and they offer varying interest rates and repayment terms. Additional information is available from the Office of Financial Aid.
Visit the Alternative Student Loans Web Site >>
Parent Loans
Many parents choose alternative loans to help supplement other forms of financial assistance. These loans are available to any interested parent, and approval is based on credit history. For additional information about these loans, please contact the Office of Financial Aid at finaid@udayton.edu.
Parent Loan for Undergraduate Students
The Parent Loan for Undergraduate Students allows parents to borrow up to the total cost of education, minus any other aid received. All creditworthy parents or guardians of dependent students are eligible — the loan is not based on financial need. PLUS Loans have an 8.5 percent fixed interest rate, and the loan may carry up to 4 percent in fees.
Privately Sponsored Loans
Privately sponsored loans for parents are available to help meet educational expenses. Home equity loans for education are often used for educational expenses because of the tax advantages associated with these loans. Contact your local lender to discuss their programs.
Although the University of Dayton has provided these options for your convenience and because we believe in their value, you are free to select a lender of your choice.
Student loans are a valuable resource available to assist you in meeting the cost of education. You are not required to borrow any loans; however, loans allow you to defray tuition costs over a longer period of time — typically 10 years. For additional information about these loans, please contact the Office of Financial Aid at finaid@udayton.edu.
Stafford Loan
The Stafford Loan is a federally-sponsored student loan program, which offers two types of loans. Subsidized loans, which have a fixed interest rate of 5.6 percent, are based on financial need. Unsubsidized loans, which have a fixed interest rate of 6.8 percent, are not based on financial need. To determine your eligibility, complete the FAFSA.
Perkins Loan
The federal Perkins Loan, which has a fixed interest rate of 5.0 percent, is based on financial need, and the award maximum is $2,000 per year. To determine your eligibility, complete the FAFSA.
Private Alternative Student Loans
Private loans for educational expenses are available, and they offer varying interest rates and repayment terms. Additional information is available from the Office of Financial Aid.
Visit the Alternative Student Loans Web Site >>
Parent Loans
Many parents choose alternative loans to help supplement other forms of financial assistance. These loans are available to any interested parent, and approval is based on credit history. For additional information about these loans, please contact the Office of Financial Aid at finaid@udayton.edu.
Parent Loan for Undergraduate Students
The Parent Loan for Undergraduate Students allows parents to borrow up to the total cost of education, minus any other aid received. All creditworthy parents or guardians of dependent students are eligible — the loan is not based on financial need. PLUS Loans have an 8.5 percent fixed interest rate, and the loan may carry up to 4 percent in fees.
Privately Sponsored Loans
Privately sponsored loans for parents are available to help meet educational expenses. Home equity loans for education are often used for educational expenses because of the tax advantages associated with these loans. Contact your local lender to discuss their programs.
Although the University of Dayton has provided these options for your convenience and because we believe in their value, you are free to select a lender of your choice.