Loan Information
How to Apply for Loans
Azusa Pacific University now offers our students and parents the option of applying for loans online. Just scroll down to the type of loan you want to apply for and follow the instructions.
To apply online, the computer you use must have the following:
- Internet access
- Adobe Acrobat Reader, version 5.0 or greater*
- Browser - Netscape 7.0 or greater or MS Internet Explorer 5.0 or greater
- A printer
Federal Stafford Loan (STUDENTS ONLY)
To apply, follow this link: Begin an Online Loan Entrance and Application. This allows you to complete the Loan Entrance and Application in one easy step. Be sure to have your social security number, driver’s license, and two (2) completed references before starting the online process.
| Stafford
Loan Borrowing maximums: |
 |
Freshman $5,500 (Up to $3,500 may be subsidized) |
| Sophomore $6,500 (Up to $4,500 may be subsidized) |
||
| Junior $7,500 (Up to $5,500 may be subsidized) | ||
| Senior $7,500 (Up to $5,500 may be subsidized) |
For more information about requirements, interest rates, subsidization, etc. visit the loans page.
Federal P.L.U.S. Loan (PARENTS ONLY)
To apply, for a Federal P.L.U.S. Loan online, follow this link: Begin an Online Loan Application. Be sure to have your social security number, driver’s license, and two (2) completed references before starting the online process.
| P.L.U.S.
Loan Borrowing maximums: |
|
Any amount up to the total cost of attendance minus other aid. Either parent may apply subject to credit approval. |
For more information about requirements, interest rates, subsidization, etc. visit the loans page.
Federal Perkins Loans (STUDENTS ONLY)
To apply, you must complete the Perkins Loan Request and Entrance, and the Federal Perkins Master Promissory Note. For the 2008-2009 award year, this is still a paper process. If you are eligible for this loan, the application will be sent to you.
| Perkins Loan Borrowing maximums: |
|
Up to $3,000 awarded to students with exceptional high need. |
For more information about requirements, interest rates, subsidization, etc. visit the loans page.
Alternative/Private Educational Loans
We strongly recommend that you apply for the Stafford Loan, the P.L.U.S. Loan, and the Perkins Loans (if eligible) first, as they offer the best interest rates and repayment terms.
If you need additional aid beyond that, you may apply for an alternative loan. Alternative loans are funded by banks and private lending institutions and are not federally guaranteed. These loans are taken out in the student’s name, are credit-based (sometimes requiring a co-signer), and vary in terms and conditions.
For more information on lenders, interest rates, and terms, read the Alternative Loan Fact Sheet (PDF).*
Additional information regarding student loans and the financial aid process is available at www.finaid.org.
*Some forms/documents are provided in a Portable Document Format (PDF). To learn more about PDFs or to install Adobe Acrobat Reader, follow this link.
