Financial assistance offered by the federal and state governments that do not require repayment.
Financial assistance that does not require repayment.
Need-based employment through the institution on a part-time, hourly basis.
Financial assistance that required repayment, with interest.
Hodges University’s Office of Student Financial Services want to ease your concerns regarding student loans. Please see the information below regarding the types of student loans that students may be eligible for.
For all types of loans, Hodges University determines the amount that students can borrow and/or are eligible to receive for each academic year by considering the cost of attendance and the amount of other financial assistance that students are eligible to receive. There are limits on the amounts of Federal student loans that students may be eligible to receive each academic year (annual loan limit) and over the student’s academic career (aggregate loan limits). These limits depends on what year the student is in school (grade level) and whether the student is classified as a dependent or independent student. For a student classified as dependent whose parent(s) are ineligible for a Federal Direct PLUS loan, the student may be eligible for additional funding from Federal Direct Unsubsidized loans, up to the amounts that are normally available only to independent students.
At least half-time enrollment is required to secure Federal Direct loan funding, and the student cannot be in default on any Title IV aid. Repayment of Federal Direct loans begins six months after graduation or when a student’s enrollment drops below half-time status. For more information on Federal Direct loans, including the annual and aggregate loan limits and current interest rates, visit the U.S. Department of Education Federal Student Aid website .
Federal Direct loan borrowers must complete Federal Entrance Loan Counseling and complete the Direct Loan Master Promissory Note. Students will also complete an Exit Loan Counseling process upon graduating, leaving school, or dropping below half-time enrollment status. All of these requirements can be completed by visiting StudentLoans.gov, a U.S. Department of Education Federal Student Aid website.
Education benefits for active-duty military and veterans.
Hodges University Student Loan Code of Conduct
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