Financial Aid & Scholarships

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Loan Comparisons

  Subsidized Unsubsidized Perkins PLUS Loan Private Alternative Loan
Interest on loan accrues while in school? No Yes No Yes Yes
Defer payments to loan principal while attending school at least half time? Yes Yes Yes Yes Yes
Interest rate fixed? Depends on undergraduate or graduate status Depends on undergraduate or graduate status Yes at 5% Yes at 6.41% No, variable
Co-signer required of borrower? No No No Depends upon borrower credit Depends upon borrower credit
Credit check required? No No No Yes Yes
How to apply for loan at UNLV? FAFSA FAFSA FAFSA FAFSA & Apply at Student Loans site Complete the Alternative Form Worksheet
When does repayment on loan principal begin? Six months after the student leaves school or does not re-enroll half time Six months after the student leaves school or does not re-enroll half time Nine months after the student leaves school or does not re-enroll half time Deferment option available if student is enrolled at least half time Six months after the student leaves school or does not re-enroll half time
Yearly borrowing limits? Yes Yes Yes Cost of attendance minus all other aid Cost of attendance minus all other aid
Paperwork involved?
  1. Accept Your Loan Awards Online
  2. Sign Master Promissory Note Online
  3. Complete Entrance Loan Counseling Online
  1. Accept Your Loan Awards Online
  2. Sign Master Promissory Note Online
  3. Complete Entrance Loan Counseling Online
  1. Accept Your Loan Awards Online
  2. Sign Master Promissory Note Online
  3. Complete Entrance Loan Counseling Online
  1. Go to the Student Loans site
  2. Sign in and request a Direct PLUS Loan
  3. Following approval, complete Master Promissory Note and Entrance Loan Counseling
  4. More information for undergraduate students
  5. More information for graduate students
  1. Accept Your Loan Awards Online
  2. Complete Alternative Loan Worksheet Online
  3. Follow instructions with your lender