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STUDENT LOAN PROCESS

The University of Toledo will continue to participate in both the William D. Ford Federal Direct Student Loan Program (DL) and the Federal Family Education Loan Program (FFELP).

Undergraduate Students

The University of Toledo will maintain the William D. Ford Federal Direct Student Loan Program (DL) for undergraduate students. The above link will provide ‘next steps’ for undergraduate Stafford Loan borrowers and for parent borrowers using the Parent PLUS Loan program.

Graduate/Professional Students

If you have received a bachelor’s degree AND are now seeking a master’s, doctorate, or professional degree you will complete the following process to receive your federal loans.

 The University of Toledo participates in both the Federal Direct Loan Program and the Federal Family Education Loan Program (FFELP).  For 2008-09 our graduate and professional students will have the choice of programs for the Federal Stafford (subsidized and unsubsidized) and the Federal Grad PLUS loans.  The links below contain information about both programs and the steps to apply for each program.  A student may borrow from only one of the two programs during the same academic year. 

 

Federal Direct and FFEL Program Comparison Chart

 

FFELP Lender Information Website
 

Loan Process for Direct or FFELP Stafford Loans

 

Loan Process for Direct or FFELP Grad PLUS Loans

 

 Federal Perkins Loan Steps


Learn more about loans:

Federal Subsidized/Unsubsidized Stafford Loans

Federal PLUS Loan (for parent of a dependent undergraduate student)

Federal Grad PLUS Loan (for graduate students only)

Federal Perkins Loan

Alternative Loans

General Loan FAQ

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"It's important to remember that loans are a legal responsibility and must be repaid!"