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As you set to embark upon your higher education journey, there are many new experiences that may weigh heavily on your mind. Cost shouldn't be one of them. There are many opportunities at the local and federal levels to seek out college loans and a wealth of resources at your fingertips. Take a moment to review some of the options and rates available to better help you make your choice.
Amount: Up to $7,500Interest: Fixed, 4.66% (1.073% fee), Undergraduate rate
Graduate: Up to $10,250/semester
Interest: Fixed, 6.21% (1.073% fee)
SFU Request to Reduce or Cancel Loan(s)
You may request that your loan be reduced or cancelledthrough the Financial Aid Office at Saint Francis University within 30 days* ofthe loan being posted to your student account. Please note if you completelycancel a disbursement of a loan, any pending disbursements will automaticallybe cancelled. If you request a loan with more than one disbursement to bereduced and no disbursements have yet been made, the disbursements will beevenly reduced. All requests must be in writing and include the followinginformation:
o Direct Student, Direct Graduate PLUS, and PrivateEducational Alternative Loans — Student must make request, notparent. Please include your name, your SFU ID Number, and the amountyou want the loan reduced to or cancelled.
o Direct PLUS Loans — Parent borrower must make request, not student. Please include parent borrower's name, thestudent's name, the student's SFU ID Number, and the amount you want the loanreduced to or cancelled.
o Perkins Loans — Student must make request, notparent. Please include your name, your SFU ID Number.
*Please note– any loan not returned within 30 days will be the responsibility of theborrower to return to their loan servicer directly.
Saint Francis University117 Evergreen DriveP.O. Box 600Loretto, PA 15940