Federal Stafford Loans 

• The student is the borrower
• A completed, valid FAFSA is required
• Interest rate is fixed at 6.8%
• Requires students to be enrolled at least half-time
• First time borrowers must complete Entrance Counseling
• The Stafford Lender List for Furman will walk you through the online application process
• There is an aggregate undergraduate limit of $23,000
• Annual loan limits are as follows:

             Freshmen (0-27 hrs) = $3500
             Sophomore (28-57 hrs) = $4500
             Juniors/Seniors (58 + hrs) = $5500

Federal Parent Loan for Undergraduate Students (PLUS)

• The parent is the borrower
• A credit check is required
• Interest rate is fixed at 8.5%
• The maximum eligible loan amount is determined by Furman according to the formula:                                                                                                                                                  Estimated cost of attendance less estimated financial aid from all other sources
• The PLUS Lender List for Furman will walk you through the online application process