Carlow offers you guidance in financing your educational expenses through student loans. Your eligibility is determined by filling out the FAFSA (Free Application for Federal Student Aid). Below are some options for undergraduate students to explore.

Federal Direct Loan

  • Subsidized: government pays interest while student is in school on at least a half-time basis.
  • Unsubsidized: interest accrues upon first disbursement of the loan.
  • First-time borrower needs to complete two forms for this loan: Master Promissory Note and Entrance Counseling.
  • Loan is in deferment while student is attending school on at least a half-time basis.
  • There is a six-month grace period on the loan after the student stops attending on at least a half-time basis.
  • Current interest rates.
  • More about the Federal Direct Loan.
Perkins and Nursing Loan
  • Loans administered by Carlow University in accordance with the Department of Education and the Department of Health and Human Services. 
  • If a student is eligible for either loan, they will be notified by the Financial Aid Office.
  • If a student is awarded the loan, the Master Promissory Note and Entrance Counseling can be completed. 
Alternative Loan
  • A private loan that a student may take out.
  • Most lenders require the student to have a credit-worthy cosigner.
  • On ELMSelect, students can view a list of lenders commonly used by Carlow students. The list is provided as a convenient tool to compare lenders – you may choose any lender you wish regardless whether they are listed on ELMSelect or not. 
Additional Student Loan Resources
Personal Finance Resources


Federal Direct Student Loan

Lifetime limit for dependent undergraduates

Lifetime limit for independent undergraduates

Lifetime limit for dependent undergraduates with Parent PLUS denials

Lifetime limit for graduate students; includes loans borrowed as an undergraduate

Track your federal loans & grants at the U.S. Department of Education's NSLDS Student Access system.

Note: Because of the nature of federal, state, and institutional guidelines affecting financial aid programs, the information contained in this website is subject to change.