Loan Programs

Student loans

  • Stafford Subsidized and Unsubsidized Loans
    Federal loan, Free Application for Federal Student Aid (FAFSA) required
    Undergraduate and graduate students eligible
  • Grad PLUS
    Federal loan, Free Application for Federal Student Aid (FAFSA) required
    Graduate students eligible
    Credit approval required
  • Perkins
    Federal loan, Free Application for Federal Student Aid (FAFSA) required
    Undergrads eligible based on need
     
  • Nursing Student Loan
    Federal loan, Free Application for Federal Student Aid (FAFSA) required
    Undergrads in the nursing program eligible based on need
  • Faculty Nurse Loan Program
    Federal loan, Free Application for Federal Student Aid (FAFSA) required
    Graduates in the Master's of Science in Nursing Education, not based on need
  • Private alternative loans
    FAFSA not required, lender application required
    Student creditworthiness or co-signer usually required
    Terms and interest rates vary by lender

Parent loans

  • Parent PLUS
    Free Application for Federal Student Aid (FAFSA) required
    Credit approval is required

Entrance and Exit Counseling

A Student who uses any federal loan program is required to complete Entrance and Exit Counseling.  Direct loan Borrowers compelete loan counseling at www.studentloans.gov.  Federal Perkins Loan borrowers will complete counseling with the University Servicer, Hearland ECSI.  Hearland ECSI notifies students who need counseling via the student's Detroit Mercy email account.

Helpful links