Student studying outside on a nice fall day on campus.


Student Loans Made Simple

At Saint Francis, student loans can play a role in financing your education. We aim to provide transparent and easy-to-understand information about the loans available to you so that you can make informed and savvy financial decisions.

Federal Loans

At Saint Francis, we’re here to help you access the federal loans you need to support your education journey. These government-backed loans, managed by the U.S. Department of Education, offer low interest rates and flexible terms to make your life easier. Let’s break down your options:

Direct Stafford Subsidized Loans

Direct Stafford Unsubsidized Loans

Parent PLUS Loans

Grad PLUS Loans

Remember, your eligibility is determined through the Free Application for Federal Student Aid (FAFSA), which you’ll need to submit annually.

Loans disbursed
July 1, 2023 – June 30, 2024
Loans disbursed
July 1, 2022 – June 30, 2023
Direct Stafford Subsidized Loan
(Undergraduate Students)
Direct Stafford Unsubsidized Loan
(Undergraduate Students)
Direct Loan – Unsubsidized
(Graduate Students/Professional)
Direct Parent PLUS Loan8.05%7.54%
Direct Graduate/Professional PLUS Loan8.05%8.05%
Current loan interest rates

Private Loan Options

At Saint Francis, we recommend exploring federal loan options first, as they often offer better terms and protections. However, we understand that sometimes you might need a little extra financial support. Here’s what you need to know about private loans.

Choosing a Private Lender

When it comes to selecting a private loan lender, it’s crucial to carefully review the interest rates and terms associated with the loan. Approval for the loan will depend on your or your co-borrower’s creditworthiness, and the loan amount is determined by subtracting your financial aid from the total cost of education.

Key Points to Keep in Mind

Your Rights as a Borrower

According to the Truth in Lending Act, private lenders must provide you with certain information, including:

Get Started by Comparing Your Options

We want to make your journey as smooth as possible. To help you, we offer tools that allow you to compare loan rates and options easily:

Forgivable Loan Options

The Questa Education Foundation offers a unique, low-interest, forgivable loan program to help you graduate with less debt and become a valuable member of the Northern Indiana workforce.

Questa – Traditional Scholars Program

Are you a recent high school graduate or a college freshman from Northeast Indiana? The Questa Traditional Scholars Program is designed to assist families facing a financial gap between the cost of attending college and their financial responsibilities. You could receive $5,000 per year, up to $20,000 for a four-year degree, or $10,000 for a certificate or associate’s degree. The application period is from December 1 to March 15.

To Qualify, You Need To:

Questa – Contemporary Scholars Program

The Questa Contemporary Scholars Program bridges the financial gap between college costs and other available resources, ensuring you can access education and graduate with less debt. This program is open to college students starting at any time, returning students completing their education, and adult learners. You could receive up to $5,000 per year, depending on your educational plan and enrolled credit hours.

To Qualify, You Need To:

Contact Us

Office of Financial Aid
Welcome Center
North Campus

Phone: 260-399-8003

Learn more about what makes life at Saint Francis so special.