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LOANS

Our program is unique, and we are committed to helping you achieve your goals, including how to afford your degree. We offer one of the most affordable adult undergraduate and graduate programs around, and with two campuses you can choose where to attend classes including online.

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STAFFORD LOANS

DIRECT SUBSIDIZED STAFFORD LOAN

A need-based long-term loan administered by the U.S. Department of Education. Eligibility is determined by the information provided on the Free Application for Federal Student Aid (FAFSA) and the schools total cost of attendance minus all other aid received. The interest rate is a fixed 6.8% for graduate and professional students. Interest rate for undergraduate students for loan disbursed on or after July 1, 2010, will be fixed at 4.5%. Interest accrual and repayment begins six months after the student graduates, drops below half-time enrollment status or separates from the institution.

DIRECT UNSUBSIDIZED STAFFORD LOAN

A long-term loan administered by the U.S. Department of Education. Eligibility is determined by the information provided on the Free Application for Federal Student Aid (FAFSA) and the schools total cost of attendance minus all other aid received. The interest rate is fixed at 6.8% and interest accrual begins at the time the loan is disbursed. The borrower is responsible for the interest that accrues while in school and during grace and deferment periods. Students may opt to pay the interest while in school or have the interest added to the outstanding principle. Repayment begins six months after the student graduates, drops below half-time enrollment status or separates from the institution.

DIRECT PLUS LOAN FOR PARENTS

The Direct PLUS Loan for Parents is a low-interest, government guaranteed loan available to parents of dependent undergraduate students. This is a non-need based loan for those who do not have an adverse credit history. The interest rate is currently fixed at 7.9% and starts accruing immediately after the first disbursement, and repayment begins within 60 days after the loan is fully disbursed. You can postpone repayment on your Parent PLUS loan until six months after the dependent student leaves school or drops below half-time. During this postponement period, the parent is responsible for the interest that accrues and has the option to pay the accrued interest or have the interest added to the outstanding principal. Borrowers may borrow up to the total cost of attendance minus other financial aid received. Dependent students whose parents do not qualify for a Direct PLUS may borrow the Direct Unsubsidized Stafford Loan up to the student’s loan limit based on grade level.

DIRECT PLUS LOAN FOR GRADUATE/PROFESSIONAL STUDENTS

The Direct PLUS Loan for Graduate/Professional Students is a long-term, low-interest loan for Graduate and Professional Students, not their parents. This is a non-need based loan for those who do not have an adverse credit history. The interest rate is currently fixed at 7.9% and starts accruing immediately after the first disbursement. The student (borrower) is responsible for the interest that accrues while in school and during grace and deferment periods. Students may opt to pay the interest while in school or have the interest added to the outstanding principle. Repayment begins 60 days after the loan is fully disbursed, while the student is still enrolled. Borrowers may borrow up to the total cost of attendance minus other financial aid received.

Borrowers must apply for the maximum eligibility under the Direct Stafford Loan Program prior to applying for Direct PLUS Loan for Graduate/Professional Students.

ALTERNATIVE/PRIVATE EDUCATION LOANS

This is a variable rate loan that students take out on their own behalf. This loan requires a credit check and possibly, a cosigner. Interest rates vary depending on the lender. Alternative loans are available through commercial lenders for educational costs during periods of enrollment. They are based on credit-worthiness. We recommend that students request a copy of their credit report to check for accuracy and that all valid credit problems are addressed before applying for an alternative loan. We strongly suggest that students submit a FAFSA and seek federal loan assistance before attempting to participate in any alternative loan programs.

HOW TO APPLY

These are the steps you need to make sure you complete in order to be eligible for financial aid during your time at Trinity.

1

Complete your FAFSA Application

Complete the Free Application for Federal Student Aid (FAFSA) as soon as possible after October 1st. Be sure to use Trinity Florida's School Code: 012314

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2

Complete a Direct Master Promissory Note

If this is the first time you are requesting a Direct Loan while at Trinity, you will need to complete a Master Promissory Note

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3

Complete Direct Loan Entrance Counseling

All first-time Direct Loan borrowers must complete online Entrance Counseling. Entrance Counseling provides information about how to manage your student loans both during and after college.

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4

Review and return your Award Letter

You may accept or reject any portion of the financial aid offer by circling (A) for accept or (R) for reject. Please return your award letter stating your intention to our office within 2 weeks of receipt.