Student Loans and Grants
Maximize Your Education, Minimize Your Debt
Your college degree is an investment in you, your career, and your future. At Rasmussen College, we understand that this investment is one of the biggest you will make in your life. We also understand the importance of maximizing your degree investment without maximizing your debt.
One option for financing your college education is federal loans. There are many types of federal loans, and it is important to choose the loan that is right for you. Click on the tabs below to learn more about loan opportunities that may be available to you.
Federal Loans
The United States federal government offers college students several types of loans to those who qualify to help them achieve their college degree. Below are some of the federal loans that may be available to college students:
Federal Subsidized Stafford Loans
These loans do not accrue interest while you are attending school at least half-time. Refer to your college catalog for loan limits.
Federal Unsubsidized Stafford Loans
These loans accrue interest at a low rate while you are attending school at least half-time. Refer to your college catalog for loan limits.
Federal PLUS loans
These loans are borrowed by a parent for his or her dependent son or daughter. Refer to your college catalog for loan limits.
Federal Grants
Federal grants are available as well and to apply you will need to use the FAFSA.
Federal Pell Grant Program
This grant is based on financial need of the applicant. Refer to your college catalog for loan limits.
Federal Supplemental Educational Opportunity Grant
This grant is based on financial need awarded by the institution. Notification is made by the College regarding eligibility. Refer to your college catalog for loan limits.
State Funding
Some states offer additional funding in the form of grants, scholarships, or loans. To find out whether you qualify for state funding, request more information and we will let you know what is available in your state.
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