Federal Loans

Loans and Federal Economic Aid

All federal aid is based on the student's need and does not have to be repaid. Pell Grant is automatically awarded to eligible students through their Free Application for Federal Student Aid (FAFSA) application. Students without immigration status are not eligible for federal financial aid. If you are undocumented, do not submit the FASFA form. If you are unsure, contact the Center for [email protected] Studies or the Financial Aid Office. 

List of Loan Programs and Federal Economic Aid

Federal Direct Loans
Federal Perkins Loan
Federal Parent PLUS Loan
Federal Graduate PLUS Loan
Health Professions Loan
Nursing Loan

Federal Grants links

Connect to FAFSA https://fafsa.ed.gov/

How much?

How much does a Ferris student borrow on average? 

The following table illustrates the average amount students borrowed in loans based on the type of degree they earned after graduating.

Average indebtedness of Ferris Graduates 2012/2013

Achieved Title Average debt per student*
Technical $21,456
Bachelor's degree $27,224
Master's degree $32,035
Professional $81,742

 

*The average includes students who do not have debt.

Students who have accepted a loan for the 2014/2015 academic year can complete their Start Orientation and Master Promissory Note MPN now, and will be satisfied with MyFSU until the end of June.

Loan Programs at Ferris