Student Loans


What type of Loans are you looking for?

Federal Direct Stafford Loans: Subsidized and Unsubsidized

Most Gonzaga students borrow through either the subsidized or unsubsidized Federal Direct Stafford Loan Program. These loans are borrowed directly from the Department of Education under the Federal Direct Loan Program. Your Federal Direct Loans can be managed at The subsidized Direct Stafford Loan is a low-interest education loan for students who demonstrate financial need; the federal government pays the interest during certain times (for example, while the student is enrolled in school). Eligibility for the unsubsidized Direct Stafford is not contingent upon financial need; thus, the borrower is responsible for interest that accrues on the loan while in school.

Undergraduate Federal Stafford Loans

(0-25 credits)
(26-59 credits)
(up to $3,500 subsidized)
(up to $4,500 subsidized)
(up to $5,500 subsidized)
(up to $5,500 subsidized)

Disbursement: The total amount of the Direct Stafford Loan is disbursed in two increments within the academic year: one half at the beginning of the Fall term, and one half at the beginning of the Spring term.
Interest: The Direct subsidized Stafford Loan is currently 4.5%, Direct Subsidized Loans disbursed after July 1st, 2011 will be 3.4%. The unsubsidized Direct Stafford Loan is fixed at 6.8%.
Fees: Up to 2% of the total amount of a Direct Stafford Loan may be assessed in loan fees and is retained by the lending institution.
Repayment: Direct Stafford Loan repayment begins six months after the student graduates or ceases to be enrolled at least half-time. There will be several repayment plan options available to you.
Aggregate Limit Dependent undergraduates are limited to $31,000 (no more than $23,000 may be in subsidized loans). Independent students are limited to $57,500 ($23,000 subsidized).

All students borrowing a Direct Loan program must sign a Master Promissory Note (MPN) through the Direct Loan program, and complete entrance counseling. These steps are requried once during your time at Gonzaga. The MPN and entrance counseling can be completed online at You will need your FAFSA PIN to log into the site. 

Federal Plus Loan Program

The Federal PLUS Loan Program allows parents of dependent students to borrow long-term, low-interest funds to help meet education expenses.  Parents must show an absence of negative credit history to qualify for this loan.  The maximum PLUS loan amount is calculated by subtracting the total aid awarded to the student from the cost of attendance. To request the PLUS loan, please visit If a parent is denied a PLUS loan, the student may be eligible for additional unsubsidized Stafford Loans.  PLUS loans must be applied for each year, as they are not automatically renewed.

  • INTEREST: Fixed at 7.9%.

  • FEES: Up to 4% of the total amount of a PLUS Loan is assessed in loan fees and is retained by the lending institution.

  • REPAYMENT: Each PLUS loan is treated separately and repayment will begin within 60 days after all funds are disbursed each year.

Private (Alternative) Loans

Numerous banks offer private educational loan programs to further assist students and families with college expenses. All private educational loan programs are based on creditworthiness. Most banks require a credit-worthy cosigner for approval of loans for undergraduate student applications.

To help you with a private lender search, Gonzaga has compiled a comprehensive list of lenders. Each of these lenders has disbursed at least one private loan to Gonzaga University students within the last three academic years. You may select ANY lender you wish (whether it is on the list or not) without penalty. Please contact Gonzaga with any questions you may have about federal or private loan processes.

Your lender may offer a type of private educational loan through their website that does not require school certification. Borrowing this type of private educational loan may have a serious negative impact on your existing financial aid package. Please contact your financial aid counselor before borrowing one of these loans.

Lenders that have helped Gonzaga students in the last three years:

Federal Perkins Loan

The Federal Perkins Loan is a low-interest loan (fixed at 5%) available to undergraduate students who demonstrate high financial need.  Dollars to fund this program come from former students who are currently repaying the loan.  Gonzaga is the lender for this loan program.

To receive the loan you must be enrolled at least half-time in a degree-seeking program.  If you are a first-time Perkins borrower you must attend a loan counseling session and sign a Master Promissory Note at that time.  Perkins Loan recipients are not automatically re-awarded in subsequent years, but must qualify based on economic circumstances in each academic cycle. 

Repayment begins after a nine month grace period.  Your grace period begins after graduation or any period of less than half-time enrollment. For more information regarding deferment & forbearance, visit

The Federal Perkins Loan Program is unique because of its option to have loans forgiven for working in certain types of jobs after you leave school.  These areas include teaching, nursing, medical technician, law enforcement, working with “at risk” low income children in certain circumstances.  You may also qualify for partial cancellation for service in the Peace Corp or the U.S. Armed Services.

Depending on the availability of funds, an undergraduate student could borrow up to $20,000 ($8,000 maximum until two years of academic work are complete).

Federal Nursing Loan

The Nursing Student Loan program provides long-term, low-interest (5%) rate loans to full-time and half-time financially needy students pursuing a course of study leading to a degree in nursing.  Gonzaga is the lender for these loan programs.

  • Normal repayment begins after a nine month grace period.  Grace periods begin after graduation, if you drop out of all nursing programs, or any period of less than half-time enrollment.

  • Loan amounts vary depending on availability and the student’s year in school.  Annual awards range from $2,000 to $4,000 with aggregate loan maximums at $13,000.

Promissory Note

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