Students may consider borrowing money to pay for their education. Loans are a type of aid that must be repaid, therefore, they should be considered after exploring scholarship and grant opportunities.
Types of Loans
Direct Subsidized Loan
A Fixed-interest loan available to student borrowers. Interest is paid while the student is enrolled. Payments are deferred until 6 months after graduation, withdrawal, or enrollment drops below half-time status.
First time borrowers of Federal Direct Loans must complete a Master Promissory Note before the loans will be disbursed. For additional information please click, here.
Direct Unsubsidized Loan
Fixed-interest loans available to student borrowers. Interest accrues while the student is enrolled. Payments are deferred until 6 months after graduation or withdrawal below half-time status.
First-time applicants for Federal Direct Loans must complete sign a Master Promissory Note before loans will be disbursed.
Parent PLUS Loan
Fixed-interest loan available to parents of dependent students. PLUS loan is credit-based loan and requires a separate application and Master Promissory Note completed by the parent. Payments can be deferred while the student is enrolled at least half-time. (If a parent is not eligible for the PLUS loan, the student becomes eligible for an additional $4,000 in their Direct Unsubsidized Loan.)
Private Educational Loan
Variable Interest rate loans available to student borrows. These loans are credit-based and typically require a credit worthy co-signer. Please talk with the Financial Aid Office before applying for a private loan.
Requirements for Loans
- Minimum half-time enrollment
- Subsidized loan based on financial need
- Sign a Master Promissory Note
- Complete Entrance Counseling
Direct Loan Amounts
|Additional unsubsidized loan|
|Grade Level||Base Direct Loans||Dependent Undergrads
|Freshman (0-27 units)
Sophomore (28-59 units)
Junior (60-89 units)
Senior (90+ units)
Office of Financial Aid
Arizona Christian University
1 W. Firestorm Way
Glendale, AZ 85306