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Loans

About Loans

Private or alternative student loans are credit-based loans available from participating private lenders that help students to cover gaps in the financing of their education. Private student loans should be considered an option of last resort, after all other resources, including federal student aid, have been exhausted. Educational debt should be very carefully considered and limited to amounts needed to fill a gap between cost and other sources of finances.

Select the school you are interested in

Undergraduate Online

2022-2023 ONLINE TUITION
Per Credit Hour = $480 per hour
Online Course Fee = $150 per course
All rates are effective beginning Fall 2022.

Student loans can come from the federal government or from private institutions like banks. The money is borrowed and will need to be paid back to the government or bank with interest.

Loan Repayment Assistance

Trinity International University is the ONLY institution in the country that provides our new undergraduate online students with a student loan repayment assistance promise: if your income after graduation is less than $50,000, we can help you repay your student loans after graduation (federal and private loans included).

We want to empower our students to focus on pursuing their passions knowing their future is secure. We will help you follow life wherever it may lead because student loan debt won’t hold you back. This innovative award is provided at no cost to students. Receiving this loan repayment assistance program (LRAP) is automatic for new undergraduate online students who start their TIU education in the 2021-22 school year (August 2021 through June 2022). Students will retain this benefit through their TIU education and through graduation. These students may receive additional information from TIU and/or Ardeo Education Solutions. To learn more, visit myLRAP.org.

William D. Ford Direct Loan Program

This is a low-interest loan taken out by the student. The FAFSA must be completed in order to be eligible. Repayment begins six months after graduation or if the student drops below half-time status. The Subsidized Loan is based on need, and interest is paid by the government while the student is in school; interest on the Unsubsidized Loan begins to accrue upon disbursement of funds.

The Federal Government requires all new, first-time borrowers to complete Loan Entrance Counseling and a Master Promissory Note. You can find more information and complete these two loan steps online at Student Loans.gov.

Private 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. Please note that an alternative loan should be considered a loan of last resort. You may qualify for Title IV loans (William D. Ford Direct) and should first explore these options before seeking an alternative/private education loan. Private loans should be considered a last resort.

Divinity Online

2022-2023 ONLINE TUITION

Per Hour

Tuition = $745 per hour

Based on Credit Hours Taken

Full-time Students (10+ hours) = $130
Part-time Students (1-5 hours) = $65
If you have specific financial needs or have questions about costs or financial aid, please call us at 800.435.8805. We would love to help you make the best, most informed decision possible. For more information and financial planning assistance, contact the TIU Financial Aid Office at [email protected].

William D. Ford Direct Loan Program

The Federal William D. Ford Direct Loan is a low-interest loan that students take out on their own behalf. The FAFSA must be completed in order to be eligible. The interest rate is fixed at 6.59%. This program allows students to borrow loan funds directly from the Federal Government, including both Direct Loans and Direct Graduate PLUS loans. Repayment begins 6 months after graduation or if the student drops below half time. The Federal Government requires all new, first-time loan borrowers to complete Loan Entrance Counseling and a Master Promissory Note online.

FEDERAL DIRECT GRADUATE PLUS LOAN

The Federal Direct Graduate PLUS loan is a low-interest loan that graduate students can take out on their own behalf. The FAFSA must be completed in order to be eligible. The interest rate is fixed at 7.6%. Repayment begins within sixty days after the loan is disbursed or may be deferred until six months after the student graduates or drops below half-time status.

PRIVATE LOANS

This is a variable rate loan that students take out on their own behalf. This loan requires a credit check and generally, a cosigner. Interest rates vary depending on the lender. Please note that an alternative loan should be considered a loan of last resort. You may qualify for Title IV loans (Perkins loans, William D. Ford Direct or Direct Plus) and should first explore these options before seeking an alternative/private education loan. Private loans should be considered a last resort.

LAw School Online

2022-2023 ONLINE TUITION
Juris Doctor Cost per unit = $1055
Master of Legal Studies Cost per unit = $750

Bar Study Loans

Creditworthy JD students or those with a creditworthy cosigner may be eligible for bar study loans, which are private educational loans that can be used to cover the costs associated with bar preparation courses and bar exam expenses. Different lenders have varying requirements, interest rates, and borrowing limits. Generally, the maximum loan is $15,000.
Bar study loans should be researched, applied for, and procured entirely by the student; they are NOT considered part of your financial aid package. This means the loans will be sent via paper check to the borrower directly, not through Trinity.
The following links will take you to common bar loan lender websites:

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