When planning on how to pay for college, most students and their families think about scholarships and grants. 贷款 are seldom anyone’s first choice in funding an education.

Lawrence Tech participates in the Federal Direct Student Loan Program for student borrowers to assure the availability of student loan funding. If you have any questions contact the One Stop Center. Given the fiscal realities of the time, loans will remain the largest category of funding for a college education. We highly suggest that you research your cost and loan options very carefully before determining how much you need to borrow.

Either you or your parents can borrow an education loan, but there are different programs for students and parents. There are two kinds of education loans: loans based on financial need and loans that are not. Need based loans are more desirable because they have lower interest rates and the interest is subsidized (paid by the federal 政府ernment) while you are enrolled at least 1/2 time.

An education loan is a form of financial aid that must be repaid, with interest. Education loans come in three major categories: student loans (e.g., Direct Student loans), parent loans (e.g., PLUS loans) and alternative student loans (also called private student loans).

A great way to help pay back your student loans is by joining the Public Service Loan Forgiveness Program. Check out the PSLF quick fact sheet here: PSLF

所需文件
Entrance Counseling   PDF

Master Promissory Note     PDF

出口咨询   PDF


学生贷款 Based on Need

You have to apply for financial aid and meet the financial need guidelines to receive one of these loans.

Federal Direct Subsidized Loan

学生贷款 Not Based on Need

You have to apply for financial aid, but there are no financial need guidelines to qualify.

Federal Direct Unsubsidized Loan

Federal Direct 研究生 PLUS Loan

A parent loan offers a way for a family to spread educational expenses over time so the amount paid each month is more manageable. 家长s are eligible to borrow up to the price of education minus any student financial aid, including student loans.  Federal Direct 家长 PLUS Loan

选择贷款 (also called Private 贷款)

There are times when Federal Aid is not enough to cover the cost of tuition, 住房, books and other essentials to complete your education. In those cases, alternative borrowing could fill the need.  
Lawrence Tech has a guide to alternative loans here: 选择贷款.

Lawrence Tech students and parents borrow from the Federal Direct Student Loan Program.

Federal Direct Student Loan
Michigan Student 金融援助


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