Federal Direct Loans

Direct Loan Program (Subsidized and Unsubsidized)

Direct loans are available to students enrolled in a minimum of six credit hours. This is a long-term, low- interest loan. Students must first complete the (FAFSA) and a Master Promissory Note. First-time borrowers must complete loan Entrance Counseling.

View more information on student loans and the application process.

Direct Parent Loan for Undergraduate Students (PLUS)

This low interest loan program is available to parents of dependent students who may need to borrow for educational expenses that the student’s aid won’t cover. The Direct Parent Loan may not exceed the student’s cost of education minus other financial aid awards.

View more information on Direct Parent Loans.

Private Student Loans

In accordance with 34 CFR 668.14(b)(29)(ii), an institution must discuss the availability of Federal, State, and institutional financial aid to a student applying for alternative educational loans. EWC’s Financial Aid Office is happy discuss with students and prospective students, and their parents, the financial aid options available under Title IV of the Higher Education Act programs, which offer better options and more benefits than private loans. The terms and conditions of Title IV HEA program loans are often more favorable than the provisions of private educational loans.

Federal Direct Loans vs. Private Student Loans at EWC StudentAid.ed.gov/types/loans/federal-vs-private

Compare some available alternative loan lenders via ElmSelect.

Also check out the Bank of North Dakota for private educational loans.