Congratulations on your decision to further your education. A Grand View University education is one of the best investments you can make. Wise borrowing of federal and private loans will enable you to pay the educational and living expenses necessary to accomplish your dream of becoming a college graduate.
Choose the Right Student Loan for You
There are several loan options available to help students and families. Contact the office of financial assistance if you have any questions.
Some forgivable loans are available to Iowa residents that meet specific guidelines upon graduation.
- Iowa teacher shortage loan forgiveness program
- Iowa Student Loan teacher loan forgiveness program
- Federal teacher loan forgiveness program
- Iowa nursing loan forgiveness program
- Iowa Student Loan nursing loan forgiveness program
- Federal (HRSA) Nursing Loan repayment program
Federal Student Loans
With federal student loans, you can borrow money for college directly from the government. Learn more about the federal student loan options below.
|Federal Perkins Loans
||Low interest (5%) loans made by Grand View University directly to students. Loans are awarded based on financial need and availability of funds.
|Subsidized Federal Stafford Student Loans
May be borrowed by students enrolled at least half-time at Grand View. Students may borrow loan amounts based on their grade level – freshman $3,500, sophomore $4,500, junior and senior $5,500.
Subsidized loans do not accrue interest charges while the student is enrolled at least half-time. Repayment will begin six months after the student graduates or drops below half-time. The interest rate is fixed at 3.76%. Interest accrual begins at the end of the six month grace period following graduation or less than half-time enrollment.
|Unsubsidized Federal Stafford Student Loans
|May be borrowed by students enrolled at least half-time at Grand View University. Unsubsidized loans are not awarded based on financial need, and therefore will begin to accrue interest charges at disbursement. The interest rate is fixed at 3.76%.
Students are awarded a base Unsubsidized Stafford Loan of $2,000 in addition to their Subsidized Stafford Loan eligibility. Independent students may borrow up to an additional $4,000 as a freshman and sophomore, or $5,000 as a junior and senior.
|Stafford Loan Entrance Counseling
|This is a requirement that all first-time Stafford Loan borrowers must complete prior to receiving loan funds. Entrance counseling prepares students for responsible borrowing and proper repayment of their loans. The counseling and master promissory note may be completed online.
|Federal Plus Loans
|Enable parents to borrow a federal loan to help pay the students education expenses. Parents may borrow up to the cost of attendance minus other financial aid received.
The interest rate is fixed at 6.31% and interest charges begin to accrue at disbursement. Repayment begins within 60 days of disbursement, or the parent can defer repayment for up to six months after the student graduates or drops below half-time enrollment. To apply for the PLUS loan and complete the master promissory note go to: www.studentloans.gov.
Private Student Loans
Private education loans are available to help families fill the gap in paying for college. They should never be your primary funding source. Exhaust all of your other options including our no interest payment plan, savings, summer work, work study and outside scholarships before you borrow any type of private education loan.
|Federal Direct Parent Loan for Undergraduate Students (PLUS)
PLUS Loans enable parents to borrow a federal loan to help pay the students education expenses. Parents may borrow up to the cost of attendance minus other financial aid received. The interest rate is fixed at 6.31% and interest charges begin to accrue at disbursement. Repayment begins within 60 days of disbursement, or certain deferments may be available. To apply for a PLUS loan, go to www.studentloans.gov.
After completing the loan application, your lender may require you to submit income and tax documentation. Federal regulations also require you to view and accept additional disclosures after the loan is approved.
Your loan funds will not be sent to the school and your loan will be canceled if the additional steps listed below are not completed in a timely manner.
- View and accept your Approval Disclosure
- View your Final Disclosure
- Complete a Private Loan Self-Certification Form