Most graduate students take out loans to help fund a portion of their educational expenses. Loans must be repaid, so be sure to plan your finances carefully and borrow only what you can afford to repay.

Direct Unsubsidized Loans

Also known as Direct Stafford Loans, Unsubsidized Loans are offered by the U.S. Department of Education. You must complete a Free Application for Federal Student Aid (FAFSA) to be eligible for this fixed interest rate loan. Students are responsible for the interest on Unsubsidized Loans.

Direct PLUS Loan

The PLUS Loan is a federal loan for students who need to borrow more than the maximum Unsubsidized Loan amounts. Grad PLUS Loans are disbursed through the U.S. Department of Education.

Private Student Loans

A number of lenders also offer private loans to students. Typically, repayment begins after a short grace period, and you are responsible for the interest while in school.

The Bethel University Office of Financial Aid adheres to the National Association of Student Financial Aid Administrators' Statement of Ethical Principles and Code of Conduct and Bethel's Code of Conduct Governing Educational Loan Activities.

Process Your Loans

If you’ve already applied for financial aid, make sure you process your loans at least 1 month before you start classes.