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Myotherapy Institute - Nebraska Massage Therapy School, Facials, Day Spas, Bare Minerals

Loan and Grants

Loan and Grants

Pell Grant

The Pell Grant is a grant from the federal government that does not have to be paid back. The grant may only be awarded to undergraduate, degree-seeking students who have not already obtained a bachelor's degree. The award amount is based on a student's financial need as determined by the Free Application for Federal Student Aid application.

Federal Direct Stafford Loan

The Federal Direct Stafford Loan program enables students to borrow from the U.S. Department of Education. The loan amount is limited to the cost of education minus EFC, and in some instances minus other financial aid the borrower is expected to receive for the loan period.  Dependent, first-year students may borrow a maximum of $5,500 per school year. Dependent, second-year students may borrow a maximum of $6,500 per school year (subject to other restrictions per federal regulations). Independent, first-year students may borrow a maximum of $9,500 per school year. Independent, second-year students may have a loan limit of $10,500.

Federal Direct Parent Loan (PLUS)

The Federal Direct PLUS is for parent borrowers of dependent students and provides additional funds for educational expenses. Federal Direct PLUS loans enable parents with good credit histories to borrow for each dependent child who is enrolled at least half-time. Federal Direct PLUS loans are made by the U.S. Department of Education. Applicants do not have to show financial need, but must undergo a credit analysis. Repayment begins within 60 calendar days of disbursement, and deferments are available under certain conditions. Federal Direct PLUS loans cannot exceed the College's estimated cost of education minus other financial aid. Parents may apply for a PLUS loan at: www.studentloans.gov.