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Loans are types of financial assistance that must be repaid. Be sure that you understand the terms of any loans you borrow for your education. The repayment terms of student loans can vary. The terms of each loan type and estimated repayment schedules will be available from your through the Direct Lending program ( For MSU Denver Lenders for Federal Direct Stafford and Federal PLUS Loans, the Department of Education is the guarantor. Entrance Interviews are mandatory for all first-time Stafford Loan borrowers at MSU Denver to inform you of your rights and responsibilities as a student borrower. Loan type and loan eligibility amount is determined by the Office of Financial Aid, based on information from the Free Application for Federal Student Aid (FAFSA). If you have further questions about a loan, please contact the Office of Financial Aid and/or your lender.

Federal Direct Stafford Loans

Federal Direct Stafford Loans are for undergraduate students made through the William D. Ford Federal Direct Loan Program. These loans are borrowed and will be repaid by the student. Students must be enrolled in a degree seeking program, have completed the Free Application for Federal Student Aid (FAFSA) for the appropriate aid year, be making Satisfactory Academic Progress, and be enrolled in at least six credit hours to be eligible for a Federal Direct Stafford Loan (further eligibility requirements will be determined by the Office of Financial Aid upon receipt of a student's FAFSA). Please read the additional eligibility requirements and additional information about Stafford Loans on the  Federal Direct Stafford Loans Webpage. There are federal regulations limiting the amount of loan funds a student may borrow.

Federal Parent PLUS Loan

The Federal PLUS Loan is available to credit-worthy parents (birth parent, stepparent or an adoptive parent) of dependent undergraduate students. MSU Denver offers PLUS Loans through the Direct Lending Program. Parents may borrow up to the  Cost of Attendance for a student's education, less the amount of any other financial aid received. You can review additional information about Federal PLUS Loans by visiting the Federal Parent PLUS Loan Webpage.>

Federal Perkins Loans

Federal Perkins Loans are long-term federal loans based on each student’s need eligibility. A Free Application for Federal Student Aid (FAFSA) is required. Amounts of Federal Perkins Loan awards can range from $500 to $5,500 depending on the college’s funding. Please visit the Federal Perkins Loan Webpage for additional information.

Please note: MSU Denver is no longer awarding Fedearl Perkins Loans. This is in effect until further notice.

Loan Counseling and Repayment

Entrance counseling is mandatory for all first-time Federal Direct Loan borrowers at MSU Denver to inform you of your rights and responsibilities as a student borrower. The link for entrance counseling is at

Once a student graduates or drops below half-time status, students need to make plans to begin repayment of these loans. Exit counseling is available to those who graduate, drop below half-time, or withdraw from the university. This can be found at as well. In most cases, students have an initial 6 month grace period before they make their first payment.

There are many repayment options that are available to student borrowers as well as options for loan consolidation, forgiveness, or discharge. For more information, click on our Debt Management section of our website. 

Alternative Loans

Alternative Loans, also known as Private Loans, help a student cover the difference between the cost of attendance and financial aid. Alternative Loans are credit based and can be borrowed in addition to Federal Direct Stafford and PLUS Loans. Alternative Loans are offered by private lenders who require the completion of their loan applications. A Free Application for Federal Student Aid (FAFSA) is not required, but there are other eligibility requirements that must be met such as the Office of Financial Aid's Satisfactory Academic Progress Policy and minimum enrollment requirements. Please visit the Alternative Loans Webpage for additional information.

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