It is extremely important to exhaust all other financing options--such as grants, scholarships, etc.-- before considering any loans. While loans may be available to you, we advise that you borrow only what you need to cover your expenses. You will be responsible for repaying what you borrow.
Low interest rate student loan. The federal government pays the interest on the loan while the student is enrolled at least half-time.
Low interest rate student loan on which interest begins accruing while the student is enrolled in school. At repayment, the accrued interest is added to the principal balance. Repayment is not required until the 6 month grace period has ended (6 months after ceasing attendance or dropping below half-time enrollment), however, early repayment is not penalized.
Other Loans
It is extremely important to consider exhausting all other federal financing options—such as the Federal Direct Subsidized and Unsubsidized Loans—before taking out one of these loans.
In addition to the student loans listed above, the following loans may also be available to you:
A federal loan available to the credit-worthy parents of a VWU student. The loan has a fixed interest rate and payment can be deferred until after the student graduates. For more information and to apply for the Direct PLUS Loan, visit
A loan that students can apply for through a private lender to supplement their financial aid. Our preferred lenders can be found at . Unlike the government loans, not all lenders offer fixed interest rates. Be sure to compare lenders and their loan options before applying.