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The Purdue University Division of Financial Aid can assist you in obtaining student loan funding. If you are degree seeking and meet financial aid citizenship requirements, you may be eligible for the Stafford and/or Graduate PLUS loan programs. International students with a U.S. citizen cosigner may be eligible for alternative loan options.
To be considered for the Stafford and/or Graduate PLUS loan programs, you must complete the Free Application for Federal Student Aid (FAFSA). Visit www.purdue.edu/dfa/all/applying.htm for more information on how to apply.
Financial assistance may also be available private/alternative loan programs. A cosigner may be required if you have no credit, have an insufficient credit history, or are an international student. You can obtain more information about alternative loans at www.purdue.edu/dfa/loans/altloans.htm.
Separate loan disbursements are made for each semester of enrollment. Lenders usually disburse loan proceeds to Purdue University who will apply them to any unpaid fees, and disburse the remaining funds to you.
You can borrow up to Purdue’s estimated cost of education, which includes allowances for fees and travel. Maximum loan amounts per module are as follows:
Stafford Loan:
Graduate PLUS Loan:
Alternative Loan: |
20,500 or the less of cost of education
Cost of education minus other aid
Cost of education minus other aid |
It is recommended that loan requests be made at least one month prior to the beginning of the semester of enrollment, however, Stafford and Graduate PLUS loan requests can be accepted anytime during the semester.
Please feel free to contact us at www.purdue.edu/dfa/contact.htm should you have further questions.
For more information about the program, please visit www2.krannert.purdue.edu/info/degree/emb.
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