{"id":827,"date":"2021-08-30T19:42:06","date_gmt":"2021-08-30T19:42:06","guid":{"rendered":"https:\/\/www.purdue.edu\/dfa\/?page_id=827"},"modified":"2026-06-02T16:23:49","modified_gmt":"2026-06-02T16:23:49","slug":"loans","status":"publish","type":"page","link":"https:\/\/www.purdue.edu\/dfa\/apply\/loans\/","title":{"rendered":"Loans"},"content":{"rendered":"\n<div  class=\"purdue-home-diagonal-cta-hero has-black-background\">\n    <div class=\"section has-padding-top-small has-padding-bottom-small\">\n        <div class=\"container\">\n            <div class=\"purdue-home-diagonal-cta-hero__content\">\n\n                <!-- breadcrumbs include -->\n                <div class=\"purdue home-diagonal-cta-hero__breadcrumbs\">\n                                    <\/div>\n                <!-- \/breadcrumbs include -->\n\n                \n\n                                                        <h1 class=\"third-level-page-heading purdue-home-diagonal-cta-hero__header\"><br>Loans<\/h1>\n                \n                                    <div class=\"purdue-home-diagonal-cta-hero__subtext\">\n                        \n\n<p>There are many types of loans available for undergraduate, graduate and professional degree students. Before deciding to apply for loans, learn more about the different types of loans and review your eligibility for each type. Then, follow the steps outlined and review the loan fees, interest rates and deadlines to apply for loans.<\/p>\n\n                    <\/div>\n                \n\n\n\n\n<!-- ed -->\n<!-- <div class=\"purdue-home-link-hero__list-container\">\n    <span class=\"purdue-home-link-hero__list-desc tablet-hidden\">\n        Jump to:\n    <\/span>\n    <ul class=\"purdue-home-link-hero__list--desktop\">\n        <li>\n            <a class=\"purdue-home-button purdue-home-button--black\" href=\"#\" target=\"_self\">Careers<\/a>\n        <\/li>\n        <li>\n            <a class=\"purdue-home-button purdue-home-button--black\" href=\"#\" target=\"_self\">Take action<\/a>\n        <\/li>\n        <li>\n            <a class=\"purdue-home-button purdue-home-button--black\" href=\"#\" target=\"_self\">Transfer<\/a>\n        <\/li>\n    <\/ul>\n    <form class=\"purdue-home-select purdue-home-link-hero__list--mobile\">\n        <label for=\"8447dae6-f4a5-4633-bb0a-e171b5507d4a\" class=\"is-sr-only\">Choose a link:<\/label>\n        <select id=\"8447dae6-f4a5-4633-bb0a-e171b5507d4a\" name=\"links\">\n            <option value=\"\" data-external=\"\">Jump to:<\/option>\n            <option value=\"#\" data-external=\"\">Careers<\/option>\n            <option value=\"#\" data-external=\"\">Take action<\/option>\n            <option value=\"#\" data-external=\"\">Transfer<\/option>\n    <\/select>\n    <\/form>\n<\/div> -->\n<!-- ed -->\n\n\n            <\/div>\n        <\/div>\n    <\/div>\n\n    <div class=\"image\">\n                    <img decoding=\"async\" alt=\"student studying\" src=\"https:\/\/www.purdue.edu\/dfa\/wp-content\/uploads\/2022\/07\/JAU5394.jpg-scaled-1.jpg\"\/>\n            <\/div>\n<\/div>\n\n\n<div  class=\"section  page-layout-wide\">\n    <div class=\"container\">\n                \n\n<div class=\"wp-block-columns page-layout-columns columns is-multiline is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column column is-full-tablet page-layout-main is-layout-flow wp-block-column-is-layout-flow\">\n<p>Please note that all loans have a maximum interest rate; this means that the loan interest rates cannot exceed the interest rates listed due to regulations. You can find current interest rates by visiting&nbsp;<strong><a href=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\/interest-rates\" target=\"_blank\" rel=\"noreferrer noopener\">studentaid.gov<\/a><\/strong>.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column column is-one-quarter-desktop is-full-tablet is-full-mobile page-layout-sidebar is-layout-flow wp-block-column-is-layout-flow\">\n<p><\/p>\n<\/div>\n<\/div>\n\n    <\/div>\n<\/div>\n\n\n<div class=\"purdue-accordion-wrap  purdue-accordion-wrap--small\">\n    <div class=\"section has-none-background has-padding-top-none has-padding-bottom-none\">\n        <div class=\"container\">\n            <div class=\"purdue-accordion has-no-bottomborder\">\n                <h2 class=\"accordion__heading purdue-accordion__title  purdue-accordion__title--small\" id=\"title-54483f43-f086-4f97-97ef-89004647679b\">\n                    <button aria-controls=\"content-54483f43-f086-4f97-97ef-89004647679b\" aria-expanded=\"false\"><strong>Federal Direct Loans<\/strong><\/button>\n                <\/h2>\n                <div class=\"accordion__content purdue-accordion__content\" id=\"content-54483f43-f086-4f97-97ef-89004647679b\" hidden aria-hidden=\n                \"true\">\n                    \n\n<p>Learn more about Federal Direct Loans and who is eligible for them.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\">Loan Fees &amp; Interest Rates&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>See current&nbsp;<a href=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\/interest-rates\" target=\"_blank\" rel=\"noreferrer noopener\">loan fees and interest rates<\/a>.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\">Application Process <\/h3>\n\n\n\n<p class=\"has-large-font-size\"><strong>Steps to Apply&nbsp;&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Submit the Free Application for Federal Student Aid (FAFSA) at&nbsp;<a href=\"https:\/\/studentaid.gov\/\" target=\"_blank\" rel=\"noreferrer noopener\">studentaid.gov<\/a>&nbsp;and submit any <a href=\"https:\/\/www.purdue.edu\/dfa\/contact\/policiesappeals\/\">verification documents<\/a> requested by the Division of Financial Aid (DFA); you can check for required <a href=\"https:\/\/www.purdue.edu\/dfa\/contact\/policiesappeals\/\">verification documents<\/a> in&nbsp;<a href=\"http:\/\/mypurdue.purdue.edu\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>myPurdue<\/strong><\/a>.&nbsp;<\/li>\n\n\n\n<li>Review your Financial Aid Notification, which the DFA will issue, to outline your loan period, loan type, and maximum eligibility.&nbsp;<\/li>\n\n\n\n<li>Select your loan amount. Borrowers must determine how much they want to borrow and may choose to accept the full amount offered, accept a partial amount, or decline the loan entirely in <a href=\"http:\/\/mypurdue.purdue.edu\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>myPurdue<\/strong><\/a>.&nbsp;Refer to <a href=\"https:\/\/www.purdue.edu\/dfa\/accept\/refund\/mypurdue\/\">How to Use myPurdue<\/a> for guidance.<\/li>\n\n\n\n<li>First-time borrowers or borrowers changing degree levels, such as moving from an undergraduate to graduate program, must complete loan requirements, including a <a href=\"https:\/\/nam04.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fstudentaid.gov%2Fmpn%2F&amp;data=05%7C02%7Copovolot%40purdue.edu%7C91361d340a404cc0b12408de8ab4a807%7C4130bd397c53419cb1e58758d6d63f21%7C1%7C0%7C639100705710765181%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=WXC31HwZeDSDyf4aOVe8pVe4FAWJegSOjqOVfX1bAjY%3D&amp;reserved=0\">Master Promissory Note<\/a> (MPN) and <a href=\"https:\/\/studentaid.gov\/entrance-counseling\/\">Loan Entrance Counseling<\/a>. A new MPN and Loan Entrance Counseling must be completed again if you change degree levels. <\/li>\n\n\n\n<li>Accept your loans by the deadlines listed below to ensure they are processed and disbursed on time for your enrollment period. Refer to the <a href=\"https:\/\/www.purdue.edu\/dfa\/accept\/\">Accept Aid<\/a> instructions for guidance on how to accept your loans. <\/li>\n<\/ul>\n\n\n\n<p style=\"font-size:25px\"><strong>Monitoring and Completing Requirements<\/strong><\/p>\n\n\n\n<p>Monitor myPurdue for any outstanding requirements. You may still see items listed as outstanding until federal loan processing begins (typically in June), even after you have submitted all outstanding requirements. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\">Loan Acceptance Deadlines<\/h3>\n\n\n\n<p>Summer: Loan acceptance deadlines depend upon the module(s) of enrollment.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Module 1: June 8, 2026.&nbsp;<\/li>\n\n\n\n<li>Module 2: July 6, 2026.&nbsp;<\/li>\n\n\n\n<li>Module 3: August 3, 2026.<\/li>\n<\/ul>\n\n\n\n<p>Fall and Spring must be accepted one month before the end of the period for which they are requested. &nbsp;Loan periods for the following terms are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fall Only: August to December.&nbsp;<\/li>\n\n\n\n<li>Spring Only: January to May.&nbsp;<\/li>\n\n\n\n<li>Academic Year: August to May.<\/li>\n<\/ul>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\n\n\n<div class=\"purdue-accordion-wrap  purdue-accordion-wrap--small\">\n    <div class=\"section has-none-background has-padding-top-none has-padding-bottom-none\">\n        <div class=\"container\">\n            <div class=\"purdue-accordion has-no-bottomborder\">\n                <h2 class=\"accordion__heading purdue-accordion__title  purdue-accordion__title--small\" id=\"title-c17a6ad9-11b1-418e-bb94-c300d1996797\">\n                    <button aria-controls=\"content-c17a6ad9-11b1-418e-bb94-c300d1996797\" aria-expanded=\"false\"><strong>Parent\/Graduate Plus Loans<\/strong><\/button>\n                <\/h2>\n                <div class=\"accordion__content purdue-accordion__content\" id=\"content-c17a6ad9-11b1-418e-bb94-c300d1996797\" hidden aria-hidden=\n                \"true\">\n                    \n\n<p>Learn more about PLUS Loans and who is eligible for them.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Loan Fees &amp; Interest Rates&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>See current&nbsp;<a href=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\/interest-rates\" target=\"_blank\" rel=\"noreferrer noopener\">loan fees and interest rates<\/a>.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Steps to Apply&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Students must submit the Free Application for Federal Student Aid (FAFSA) and submit all documents requested by the Division of Financial Aid (DFA); check for required documents via the online Financial Aid Self Service system at myPurdue.&nbsp;<\/li>\n\n\n\n<li>For Graduate PLUS, DFA will provide the student with a Financial Aid Notification that can be used to determine the loan period, the type of eligibility, and the amount of eligibility; the borrower must determine how much they want to borrow. Graduate PLUS borrowers must complete a separate application online at&nbsp;<a href=\"https:\/\/studentaid.gov\/\" target=\"_blank\" rel=\"noreferrer noopener\">studentaid.gov<\/a>.<\/li>\n\n\n\n<li>For Parent PLUS, DFA will provide the student with a Financial Aid Notification that can be used to determine the loan period and the type of eligibility. Parent PLUS borrowers must complete a separate application online at\u00a0<a href=\"https:\/\/studentaid.gov\/\" target=\"_blank\" rel=\"noreferrer noopener\">studentaid.gov<\/a>.<\/li>\n\n\n\n<li>DFA will certify borrower eligibility with the Direct Loan service provider. The loan service provider approves the loan once the borrower has completed a PLUS Master Promissory Note (MPN) at studentaid.gov (if not already on file).&nbsp;<\/li>\n\n\n\n<li>Parent\/Graduate PLUS Loan funds are normally sent electronically to Purdue\u2019s Office of the Bursar by the loan service provider. Funds are applied first to fees, then to any on-campus housing costs billed through the Bursar. Any remaining PLUS funds are sent to the student or borrower as indicated on the PLUS application. Please note that it is important that students keep their addresses up-to-date via myPurdue and read all emails from&nbsp;<a href=\"mailto:facontact@purdue.edu\" target=\"_blank\" rel=\"noreferrer noopener\">facontact@purdue.edu<\/a>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Application Deadline<\/h3>\n\n\n\n<p><strong>A Guide to Loan Period Enrollment Dates for the 2026-2027 Academic Year<\/strong><\/p>\n\n\n\n<p><strong>PLUS Loan Borrowers:<\/strong>&nbsp;If you plan to borrow between May 2026 and May 2027, the Award Year used on the application is 26-27. In the enrollment period, enter the start month, end month, and year as depicted in the table below. The application for the 2026-27 academic year will be available at <a href=\"https:\/\/studentaid.gov\/plus-app\/parent\/landing\">Apply for a Direct PLUS Loan as a Parent | Federal Student Aid<\/a> typically in April. If you select multiple terms, then the loan will be evenly split within your estimated cost of attendance. Loan limits apply. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Dates to enter based on the term<\/h4>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>When do you need the loan?<\/strong><\/th><th><strong>Start Date<\/strong><\/th><th><strong>End Date<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Fall and Spring&nbsp;<\/td><td>8\/24\/2026&nbsp;<\/td><td>5\/08\/2027<\/td><\/tr><tr><td>Summer Only&nbsp;<\/td><td>5\/18\/2026<\/td><td>8\/07\/2026<\/td><\/tr><tr><td>Fall Only&nbsp;<\/td><td>8\/24\/2026<\/td><td>12\/19\/2026&nbsp;<\/td><\/tr><tr><td>Spring Only&nbsp;<\/td><td>1\/11\/2027<\/td><td>5\/08\/2027<\/td><\/tr><\/tbody><\/table><\/figure>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\n\n\n<div class=\"purdue-accordion-wrap  purdue-accordion-wrap--small\">\n    <div class=\"section has-none-background has-padding-top-none has-padding-bottom-none\">\n        <div class=\"container\">\n            <div class=\"purdue-accordion has-no-bottomborder\">\n                <h2 class=\"accordion__heading purdue-accordion__title  purdue-accordion__title--small\" id=\"title-962046aa-dd87-4e8b-9ce6-28192c81583d\">\n                    <button aria-controls=\"content-962046aa-dd87-4e8b-9ce6-28192c81583d\" aria-expanded=\"false\"><strong>Health Professions Student Loans<\/strong><\/button>\n                <\/h2>\n                <div class=\"accordion__content purdue-accordion__content\" id=\"content-962046aa-dd87-4e8b-9ce6-28192c81583d\" hidden aria-hidden=\n                \"true\">\n                    \n\n<p>For more information about this loan and who is eligible to apply, please visit the&nbsp;<a href=\"https:\/\/www.purdue.edu\/dfa\/aid\/loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">Types of Aid page<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Loan Fees &amp; Interest Rate<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>While enrolled and throughout the 12-month grace period (which begins upon completion of the program or on the date that the student ceases at least half-time enrollment), there will be a&nbsp;<strong>zero (0) percent interest rate<\/strong>.<\/li>\n\n\n\n<li>After the 12-month grace period ends, there will be a&nbsp;<strong>five (5) percent interest rate<\/strong>.<\/li>\n\n\n\n<li>There are no origination fees.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Steps to Apply<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Submit the FAFSA every year for consideration; awards are based on the level of financial need and available funding.&nbsp;<\/li>\n\n\n\n<li>Request a HPSL determination form by contacting the Division of Financial Aid.<\/li>\n\n\n\n<li>Complete and sign the HPSL determination form and provide all the required parent tax documentation.<\/li>\n\n\n\n<li>Once the loan is offered,&nbsp;<strong>accept the offer<\/strong>&nbsp;in your&nbsp;<a href=\"https:\/\/wl.mypurdue.purdue.edu\/\" target=\"_blank\" rel=\"noreferrer noopener\">myPurdue portal<\/a>.&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.ecsi.net\/prom3p\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sign the promissory note<\/a>: Please wait for up to three business days after accepting the loan for the promissory note to be generated. Check your purdue.edu email (Inbox, SPAM, and Junk folders) for an email from <a href=\"https:\/\/home.ecsi.net\/\">ECSI<\/a> (webmaster@ecsi.net) and follow the instructions.<\/li>\n\n\n\n<li>Follow the instructions below if you don&#8217;t receive a PIN to complete the Promissory note:\n<ol class=\"wp-block-list\">\n<li>Create an account at <a href=\"https:\/\/home.ecsi.net\/\">ECSI<\/a>.<\/li>\n\n\n\n<li>Call\/chat with <a href=\"https:\/\/home.ecsi.net\/\">ECSI<\/a> customer service (Phone 1-888-549-3274, Ext 1) complete their verification process, and ask for a PIN.<\/li>\n\n\n\n<li>Complete the promissory note.<\/li>\n<\/ol>\n<\/li>\n<\/ul>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\n\n\n<div class=\"purdue-accordion-wrap  purdue-accordion-wrap--small\">\n    <div class=\"section has-none-background has-padding-top-none has-padding-bottom-none\">\n        <div class=\"container\">\n            <div class=\"purdue-accordion has-no-bottomborder\">\n                <h2 class=\"accordion__heading purdue-accordion__title  purdue-accordion__title--small\" id=\"title-6078a91f-fe4b-4cff-99d3-fc9e7fa0e4b9\">\n                    <button aria-controls=\"content-6078a91f-fe4b-4cff-99d3-fc9e7fa0e4b9\" aria-expanded=\"false\"><strong>Purdue Loans<\/strong><\/button>\n                <\/h2>\n                <div class=\"accordion__content purdue-accordion__content\" id=\"content-6078a91f-fe4b-4cff-99d3-fc9e7fa0e4b9\" hidden aria-hidden=\n                \"true\">\n                    \n\n<p><a href=\"https:\/\/www.purdue.edu\/dfa\/aid\/loans\/#typepurdueloan\" target=\"_blank\" rel=\"noreferrer noopener\">Learn more<\/a>&nbsp;about Purdue Loans and who is eligible for them.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Loan Fees<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>There are no additional fees associated with Purdue loans.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Interest Rate<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Purdue loans have a fixed interest rate of 5%.&nbsp;&nbsp;<\/li>\n\n\n\n<li>The borrower pays no interest while enrolled in school at least half-time or during the six-month grace period after leaving school.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Steps to Apply<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Submit the Free Application for Federal Student Aid (FAFSA) by April 15 for consideration and submit all required documents (as noted on the student\u2019s myPurdue account) to the Division of Financial Aid (DFA). Eligibility for this loan is based on demonstrating a high level of financial need (as determined by the FAFSA) and available funding.&nbsp;<\/li>\n\n\n\n<li>DFA will provide the student with a financial aid notification that can be used to determine the loan period, the type of eligibility, and the amount of eligibility.&nbsp;<\/li>\n\n\n\n<li>The borrower needs to determine how much they want to borrow and will have the option to accept the full amount offered or reduce the loan amount at myPurdue.&nbsp;<\/li>\n\n\n\n<li>The student will be required to sign a Promissory Note 1-2 business days after accepting the loan.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Application Deadline<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Purdue Loans may be processed if accepted within 45 days of the start of the fall semester. Learn how to&nbsp;<a href=\"https:\/\/www.purdue.edu\/dfa\/accept\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>accept your aid<\/strong><\/a>.<\/li>\n\n\n\n<li>Accepted Purdue Loans will credit any outstanding balance within 2 business days of accepting on your myPurdue account.&nbsp;&nbsp;<\/li>\n\n\n\n<li>It will take approximately one week after accepting the Purdue Loan and signing the Promissory Note before any excess funds are refunded to the student.<\/li>\n<\/ul>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\n\n\n<div class=\"purdue-accordion-wrap  purdue-accordion-wrap--small\">\n    <div class=\"section has-none-background has-padding-top-none\">\n        <div class=\"container\">\n            <div class=\"purdue-accordion\">\n                <h2 class=\"accordion__heading purdue-accordion__title  purdue-accordion__title--small\" id=\"title-8cfee496-3c0f-4de7-9041-fa70a850a3af\">\n                    <button aria-controls=\"content-8cfee496-3c0f-4de7-9041-fa70a850a3af\" aria-expanded=\"false\"><strong>Private Loans<\/strong><\/button>\n                <\/h2>\n                <div class=\"accordion__content purdue-accordion__content\" id=\"content-8cfee496-3c0f-4de7-9041-fa70a850a3af\" hidden aria-hidden=\n                \"true\">\n                    \n\n<p>Listed below are two application tools that allow you to compare loan details from multiple private loan lenders. Both tools include the lender&#8217;s application conditions and &#8220;Truth in Lending &#8221; disclosure information. Not all lenders participate in both tools. <\/p>\n\n\n\n<p><a href=\"https:\/\/nam04.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.investedindiana.org%2Fmarketplace%2F%3F_ga%3D2.120440704.986979807.1654540321-1195446432.1654262714&amp;data=05%7C02%7Copovolot%40purdue.edu%7C8967a38c6431429a047208de997566f6%7C4130bd397c53419cb1e58758d6d63f21%7C1%7C0%7C639116926694641160%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=zXhpTVWmaLOBtcHfCTvJspexKDvIVmpQFUxpscEyT5U%3D&amp;reserved=0\">INvestEd Student Loan Marketplace<\/a> displays actual interest rates and repayment terms from participating lenders. Users will need to provide some basic information so a soft credit check can be completed. <\/p>\n\n\n\n<p><a href=\"https:\/\/nam04.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.elmselect.com%2Fv4%2Fschool%2F73%2Fprogram-select&amp;data=05%7C02%7Copovolot%40purdue.edu%7C8967a38c6431429a047208de997566f6%7C4130bd397c53419cb1e58758d6d63f21%7C1%7C0%7C639116926694650388%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=wOy7JPYw7X7hdNytoxvOw7hszOnAWll5u2X6t007ENI%3D&amp;reserved=0\">ELMSelect<\/a> provides a range of interest rates and repayment terms, and allows users to filter options without creating an account or undergoing a credit check. <\/p>\n\n\n\n<p>Compare your options using the <a href=\"https:\/\/nam04.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.investedindiana.org%2Fmarketplace%2F%3F_ga%3D2.120440704.986979807.1654540321-1195446432.1654262714&amp;data=05%7C02%7Copovolot%40purdue.edu%7C8967a38c6431429a047208de997566f6%7C4130bd397c53419cb1e58758d6d63f21%7C1%7C0%7C639116926694641160%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=zXhpTVWmaLOBtcHfCTvJspexKDvIVmpQFUxpscEyT5U%3D&amp;reserved=0\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>INvestEd Marketplace<\/strong><\/a>&nbsp;or&nbsp;<a href=\"https:\/\/nam04.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.elmselect.com%2Fv4%2Fschool%2F73%2Fprogram-select&amp;data=05%7C02%7Copovolot%40purdue.edu%7C8967a38c6431429a047208de997566f6%7C4130bd397c53419cb1e58758d6d63f21%7C1%7C0%7C639116926694650388%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=wOy7JPYw7X7hdNytoxvOw7hszOnAWll5u2X6t007ENI%3D&amp;reserved=0\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ELMSelect<\/strong><\/a> to see which lenders best match your needs. <\/p>\n\n\n\n<p>Each private loan\/lender is different. Please review the requirements of each specific loan to learn how to apply.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Private Loan Enrollment Dates<\/h3>\n\n\n\n<p>Below is a guide to the academic year loan period enrollment dates.<\/p>\n\n\n\n<p><strong>Private Loan Applicants:<\/strong>\u00a0If the lender requests the award year, use \u201c26-27\u201d. Note: A Summer Aid Application is required for processing private loans for any loan period that includes the summer term. The Summer Financial Aid Application is available\u202fin\u00a0<a href=\"http:\/\/mypurdue.purdue.edu\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>myPurdue<\/strong><\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Enrollment Periods<\/h4>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>When do you need the loan?<\/strong><\/td><td><strong>Start Date<\/strong>&nbsp;<\/td><td><strong>End Date<\/strong>&nbsp;<\/td><\/tr><tr><td>Fall and Spring&nbsp;<\/td><td>8\/24\/2026&nbsp;<\/td><td>5\/08\/2027&nbsp;<\/td><\/tr><tr><td>Summer Fall Spring&nbsp;<\/td><td>5\/18\/2026<\/td><td>5\/08\/2027<\/td><\/tr><tr><td>Summer Only&nbsp;<\/td><td>5\/18\/2026<\/td><td>8\/07\/2026<\/td><\/tr><tr><td>Fall Only&nbsp;<\/td><td>8\/24\/2026<\/td><td>12\/19\/2026&nbsp;<\/td><\/tr><tr><td>Spring Only&nbsp;<\/td><td>1\/11\/2027<\/td><td>5\/08\/2027<\/td><\/tr><tr><td>Summer and Fall&nbsp;&nbsp;<\/td><td>5\/18\/2025<\/td><td>12\/19\/2026<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":24,"featured_media":0,"parent":747,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"class_list":["post-827","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.purdue.edu\/dfa\/wp-json\/wp\/v2\/pages\/827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.purdue.edu\/dfa\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.purdue.edu\/dfa\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/dfa\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/dfa\/wp-json\/wp\/v2\/comments?post=827"}],"version-history":[{"count":106,"href":"https:\/\/www.purdue.edu\/dfa\/wp-json\/wp\/v2\/pages\/827\/revisions"}],"predecessor-version":[{"id":6597,"href":"https:\/\/www.purdue.edu\/dfa\/wp-json\/wp\/v2\/pages\/827\/revisions\/6597"}],"up":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/dfa\/wp-json\/wp\/v2\/pages\/747"}],"wp:attachment":[{"href":"https:\/\/www.purdue.edu\/dfa\/wp-json\/wp\/v2\/media?parent=827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}