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Loan Programs
Although sometimes seen as an overwhelming task, receiving assistance to attend college can be done easily. Warner University financial aid counselors can guide you through the process of applying for loans. These counselors will work hand-in-hand with you to make this experience the best possible for you. Please review the information provided on our web site and, if you have any questions, please call our office directly if you need assistance at (863) 638-7202.
Warner University participates in the Federal Direct Loan Program which consists of the Federal Direct Stafford (subsidized) Loan, the Federal Direct Unsubsidized Stafford Loan, the Federal Direct PLUS Loan, and the Federal Direct Consolidation Loan Program. The U.S. Department of Education is the lender and, except for consolidation loans, delivers loan proceeds through the school. WU disburses the loans after loans have been processed and approved and classes have begun. When it is time for repayment, you (or your parents) will send all loan payments to the federal loan servicer.
There are two types of loans for which students can qualify:
Subsidized Loans are loans for students with financial need, as determined by your cost of attendance minus expected family contribution and other financial aid (such as grants or scholarships). Subsidized Loans do not accrue interest while you are in school at least half-time or during grace and deferment periods.
Unsubsidized Loans are loans for students that are not based on financial need, as determined by your cost of attendance minus other financial aid (such as grants or scholarships). Interest is charged during in-school, deferment, and grace periods. Unlike a subsidized loan, you are responsible for the interest from the time the unsubsidized loan is disbursed until it's paid in full. You can choose to pay the interest or allow it to accrue (accumulate) and be capitalized (that is, added to the principal amount of your loan). Capitalizing the interest will increase the amount you have to repay.
There are also loans for parents on behalf of students:
Parent Plus Loans are loans for parents of dependent undergraduate students to borrow up to the student's cost of attendance, minus other financial aid. Interest is charged during in-school, deferment, and grace periods. The borrower is responsible for the interest from the time the PLUS Loan is disbursed until it's paid in full. You can shoose to pay the interest or allow it to accrue (accumlate) and be capitalized (that is, added to the principal amount of your loan). Capitalizing the interest will increase tha amount you have to repay.
To apply for a Student Loan (or PLUS Loan) you must:
1. Complete the FAFSA
2. Click on the link below to complete entrance counseling for Student Loans.
3. Click on the link below to complete a Loan Application.
https://studentloans.gov/myDirectLoan/index.action
Although sometimes seen as an overwhelming task, receiving assistance to attend college can be done easily. Warner University financial aid counselors can guide you through the process of applying for loans. These counselors will work hand-in-hand with you to make this experience the best possible for you. Please review the information provided on our web site and, if you have any questions, please call our office directly if you need assistance at (863) 638-7202.
Warner University participates in the Federal Direct Loan Program which consists of the Federal Direct Stafford (subsidized) Loan, the Federal Direct Unsubsidized Stafford Loan, the Federal Direct PLUS Loan, and the Federal Direct Consolidation Loan Program. The U.S. Department of Education is the lender and, except for consolidation loans, delivers loan proceeds through the school. WU disburses the loans after loans have been processed and approved and classes have begun. When it is time for repayment, you (or your parents) will send all loan payments to the federal loan servicer.
There are two types of loans for which students can qualify:
Subsidized Loans are loans for students with financial need, as determined by your cost of attendance minus expected family contribution and other financial aid (such as grants or scholarships). Subsidized Loans do not accrue interest while you are in school at least half-time or during grace and deferment periods.
Unsubsidized Loans are loans for students that are not based on financial need, as determined by your cost of attendance minus other financial aid (such as grants or scholarships). Interest is charged during in-school, deferment, and grace periods. Unlike a subsidized loan, you are responsible for the interest from the time the unsubsidized loan is disbursed until it's paid in full. You can choose to pay the interest or allow it to accrue (accumulate) and be capitalized (that is, added to the principal amount of your loan). Capitalizing the interest will increase the amount you have to repay.
There are also loans for parents on behalf of students:
https://studentloans.gov/myDirectLoan/index.action