Loans


We strive to offer families as much free money as possible. Financing options are available to help with the rest.

We will work to find a plan that works for you. We understand that loans will play an important role for some of our families.

While interest-free monthly payment plans are available, there are also a variety of student and parent loans available to help make the cost fit in your family’s budget. 

Loans automatically included in Financial Aid Package (for qualifying applicants): 

  • Federal Direct Subsidized Loan

  • Federal Direct Unsubsidized Loan
  • Beloit College Loan

The Federal Direct Loan programs are available for US Citizens and eligible non-citizens who complete a FAFSA. These loans are federally sponsored, cosigner-free, and have low, fixed interest rates. Learn more about the terms and conditions of the loans at the Federal Student Aid website. 

The Beloit College Loan is a lending program sponsored by Beloit College for both domestic and international students. The loan is interest-free while the student is enrolled (interest begins accruing in the repayment period) and is also a co-signer free loan program.

Additional loan programs available to help finance the out of pocket cost (additional applications necessary):

  • Federal Direct PLUS Loan
  • Private Student Loans
  • Private Parent Loans

The Federal Direct PLUS Loan is a federally sponsored loan program that allows parents and/or step-parents to borrow in order to help finance the cost of their student’s education. The PLUS loan is a credit-based loan and an annual application and approval is needed to borrow through this program.

Private loan programs are available for both parents and students. Not sure where to start? Use our FastChoice tool to help you learn about your options and find a lender that works for you and your family. Beloit College does not have a preferred lender list.

Set yourself up for success by learning how to borrow responsibly.

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