Federal Loans
Direct Loan
The Direct Loan Program is the best financing option for a student to pursue and should be considered before any private educational loan options. The loan is available to students regardless of the level of financial need. Direct Loans are funded by the U.S. Department of Education through Villanova University and are managed by federal loan servicers, under the supervision of the Department of Education. There are subsidized and unsubsidized options available.
Direct PLUS Loan
The Direct PLUS Loan is a credit-worthy loan for the parent or legal guardian of a dependent student (Direct PLUS) or a graduate student (Direct Graduate PLUS) who has borrowed the maximum amount of Direct Loan assistance. The loan is available to students regardless of the level of financial need. Direct Loans are funded by the U.S. Department of Education through Villanova University and are managed by federal loan servicers, under the supervision of the Department of Education.
Federal Perkins Loan
The Federal Perkins Loan is a Federal loan based on financial need. Students must be accepted/enrolled in an undergraduate degree program. The Perkins Loan is a 5% interest loan and becomes payable nine months after leaving the University, or nine months after the student is no longer enrolled at least half-time.
Nursing Student Loan
The Nursing Student Loan is a Federal loan based on financial need. Students must be accepted/enrolled in an undergraduate degree program. The Nursing Student Loan is a 5% interest loan and becomes payable nine months after leaving the University, or nine months after the student is no longer enrolled at least half-time.
