Loans must be repaid after you graduate or leave DeVry. You, and your
parents, have several loan programs to consider.
Federal Student and Parent Loans
The U.S. Department of Education provides various loan programs to students
and their parents. These are low-interest loans which must be repaid.
In the Federal Family Education Loan Program (FFELP) students and parents can
borrow from private lenders, such as a bank, credit union or student loan
company. Loans are available to students in the Federal Stafford Loan program,
while parents of dependent students can borrow from the PLUS Loan program.
For the Federal Perkins Loan, students may borrow directly from DeVry
University
Private Student Loan Programs
Private sources of loan funds are available to help pay for educational
expenses, beyond the resources of federal and state financial aid. These are
unsecured (no collateral required) bank loans with competitive interest rates.
Usually students must be enrolled at least half-time to qualify.
Most lenders will perform a credit check and determine credit worthiness
(income, employment, residency, etc.) before granting these loans. For more
information on specific private loan programs contact your lender.
DeVry University Loan Program
The DeVry Loan has been developed in partnership with Wachovia Education
Finance, Sallie Mae, and Student Loan Xpress. The loan is a convenient, low-cost
and flexible loan option to help pay for educational costs, after the student
has applied for federal and state financial aid. For more information on the
DeVry Loan Program contact your DeVry Student Finance Office.
DeVry University's EDUCARD Program
EDUCARD is DeVry Inc.'s interest-bearing, installment loan program available
to students attending DeVry. The EDUCARD Plan provides an affordable payment
program worked out in accordance with individual financial circumstances as
reflected in the financial information submitted to DeVry.
EDUCARD participation requires that students apply for financial assistance
and use those funds received to repay any EDUCARD balance first.
