Undergraduate Athlete

Loans

Student loans let you borrow money to help pay for your education. The repayment of educational loans varies so be aware of the type of loan you are borrowing. Because loans must be repaid, you should plan your borrowing carefully.

Federal Student Loans

If you are borrowing for the first time as a Multnomah University student planning to utilize Federal Direct Stafford loans, complete the following:

  • Visit studentaid.gov and sign in using your FSA ID
    • “Complete Entrance Counseling” by selecting the appropriate link
    • “Complete Master Promissory Note” by selecting the appropriate link
  • Visit the Federal Student Aid webpage for more information.
Loans
Stafford Loans – Subsidized
Amount Up to $5,500
Application Criteria Students enrolled at least half-time; student must demonstrate financial need as based on the FAFSA.
Deadline ASAP

FAFSA required. No interest while enrolled at least half-time; based on need according to FAFSA. Visit https://studentaid.gov/understand-aid/types/loans/interest-rates for the current origination fee and interest rate.

Stafford Loans – Unsubsidized
Amount Up to $2,000
Application Criteria Students enrolled at least half-time
Deadline ASAP

FAFSA required. Visit studentaid.ed.gov for current origination fee and interest rate.

Stafford Loans – Additional Unsubsidized
Amount Up to $5,000
Application Criteria Students enrolled at least half-time; must be independent, or a dependent with parent denied PLUS
Deadline ASAP

FAFSA required. Visit studentaid.ed.gov for current origination fee and interest rate.

Parent PLUS Loans
Amount Varies
Application Criteria Dependent student whose parent is approved by a basic credit check
Deadline ASAP

FAFSA and PLUS Loan Application required. Apply online. Amount varies based on student financial aid budget. Visit studentaid.ed.gov for current origination fee and interest rate.

Amount Type of Aid Application Criteria Deadline
Up to $5,500 Stafford Loans – Subsidized Students enrolled at least half-time; student must demonstrate financial need as based on the FAFSA. ASAP

FAFSA required. No interest while enrolled at least half-time; based on need according to FAFSA. Visit https://studentaid.gov/understand-aid/types/loans/interest-rates for the current origination fee and interest rate.

Up to $2,000 Stafford Loans – Unsubsidized Students enrolled at least half-time ASAP

FAFSA required. Visit studentaid.ed.gov for current origination fee and interest rate.

Up to $5,000 Stafford Loans – Additional Unsubsidized Students enrolled at least half-time; must be independent, or a dependent with parent denied PLUS ASAP

FAFSA required. Visit studentaid.ed.gov for current origination fee and interest rate.

Varies Parent PLUS Loans Dependent student whose parent is approved by a basic credit check ASAP

FAFSA and PLUS Loan Application required. Apply online. Amount varies based on student financial aid budget. Visit studentaid.ed.gov for current origination fee and interest rate.

Alternative Loans
Amount Varies
Application Criteria Students who needs additional funds for school-related expenses
Deadline ASAP

Amount varies based on credit; accrues interest at a variable rate set by lender.

Amount Type of Aid Application Criteria Deadline
Varies Alternative Loans Students who needs additional funds for school-related expenses ASAP

Amount varies based on credit; accrues interest at a variable rate set by lender.

Financial Aid Resources

The Student Guide is a comprehensive resource on student financial aid from the U.S. Department of Education. Grants, loans, and work-study are the three major forms of aid available through the Department’s Federal Student Aid office.

FSA ID Request and Information allows the student (and parent, if applicable) to create a unique and secure means to access your personal information on the Department of Education systems. The FSA ID is used to electronically sign the FAFSA application and loan application, as well as to retrieve loan history and total loan debt through a national database (NSLDS).

Free Application for Federal Student Aid (FAFSA) establishes federal financial aid eligibility, as well as private funding from many colleges and universities.

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Get rewarded for the work you’re doing now.

Multnomah University offers academic scholarships to students with a GPA of 3.0 and above.

Take your education abroad.

Apply your federal and institutional aid to any of the Multnomah University approved study abroad programs.

0 %

Percent of undergraduate students receive MU institutional aid.

$ 3000000

MU funds over $3,000,000 in student aid every year.

0 %

Nearly every student at MU receives financial aid