EPF-College

Subsidized Loan

• Loan available to undergraduate students only and is based on financial need

• Loan available to all students and is not based on financial need

• Loan available for Parents of Undergraduates or Graduate students and can only cover remaining cost of college

• Loan available to graduate students and is based on financial need

PLUS Loan

• Loan available to undergraduate students only and is based on financial need

• Loan available to all students and is not based on financial need

• Loan available for Parents of Undergraduates or Graduate students and can only cover remaining cost of college

• Loan available to graduate students and is based on financial need

Unsubsidized Loan

• Loan available to undergraduate students only and is based on financial need

• Loan available to all students and is not based on financial need

• Loan available for Parents of Undergraduates or Graduate students and can only cover remaining cost of college

• Loan available to graduate students and is based on financial need

Direct Consolidation Loan

• Loan that combines multiple federal student loans into one

• Loan available to undergraduate students only and is based on financial need

• Loan available to all students and is not based on financial need

• Loan available for Parents of Undergraduates or Graduate students and can only cover remaining cost of college

Private Student Loan

• Loan available to undergraduate students only and is based on financial need

• Loan offered by private lenders and not based on financial need

• Loan available for Parents of Undergraduates or Graduate students and can only cover remaining cost of college

• Loan available to graduate students and is based on financial need

What is a potential disadvantage of taking out student loans as Financial Aid?

• They provide immediate access to education.

• They may lead to long-term debt.

• They reduce the cost of education.

• They offer flexible repayment options.

Certificate degree

• A degree that is offered at a vocational school or community college, 18-24 month program

• A degree offered at a vocational school or community college, minimum 2 year degree

• A degree offered at a University, minimum 4 year degree

• A degree offered at a University after receiving a bachelors degree, typically 6-8 year degree

Associates degree

• A degree that is offered at a vocational school or community college, 18-24 month program

• A degree offered at a vocational school or community college, minimum 2 year degree

• A degree offered at a University, minimum 4 year degree

• A degree offered at a University after receiving a bachelors degree, typically 6-8 year degree

Bachelors degree

• A degree that is offered at a vocational school or community college, 18-24 month program

• A degree offered at a vocational school or community college, minimum 2 year degree

• A degree offered at a University, minimum 4 year degree

• A degree offered at a University after receiving a bachelors degree, typically 6-8 year degree

Masters/Professional degree

• A degree that is offered at a vocational school or community college, 18-24 month program

• A degree offered at a vocational school or community college, minimum 2 year degree

• A degree offered at a University, minimum 4 year degree

• A degree offered at a University after receiving a bachelors degree, typically 6-8 year degree