Student loans are another source of financial support to help students pay for tuition, books, room, board and more. Federal and private loans are available, as well as resources to help students locate the best loan options for their individual circumstances.
Federal Direct Loans
Student- Federal Direct Loan:
After completing the FAFSA, providing all needed documents to the university, and receiving a notification of award from the Financial Aid Office, if you have accepted your federal loan then you will need to complete the following requirements:
- Step 1. Complete Entrance Counseling.
- Step 2. Complete Master Promissory Note (MPN).
Parents – Federal Direct Parent PLUS Loan:
If a dependent student needs additional funding to help cover their balance, then a parent may want to consider applying for the Parent PLUS Loan. Follow the instructions below to apply for the Parent PLUS Loan:
- Step 1. Complete the electronic Parent PLUS Loan Application.*
- Step 2. Complete the Parent PLUS MPN.
*If you are unable to complete the online Parent PLUS Loan Application, please contact our office at financialaid@friends.edu for assistance.
Graduate Student – Federal Direct Graduate PLUS Loan:
If a graduate student needs additional funding to help cover their balance, then you can consider applying for the Graduate PLUS Loan. Follow the instructions below to apply for the Graduate PLUS Loan:
- Step 1. Complete the electronic Graduate PLUS Loan Application.
- Step 2. Complete the Graduate PLUS MPN.
*If you are unable to complete the online Graduate PLUS Loan Application, please contact our office at financialaid@friends.edu for assistance.
NOTE: The Federal Graduate PLUS Loan program has been eliminated for new loan borrowers as of July 1, 2026. There is a legacy provision in place for current borrowers: If a borrower has a Federal Direct Loan made before July 1, 2026, while enrolled in a program of study, the borrower can continue to borrow from the program for 3 academic years or the remainder of their expected time to credential, whichever is less.
Private Loans
Friends University encourages students to take advantage of all sources of institutional, state and federal aid before considering private loans. Private loans do not require students to submit a FAFSA, are based on credit-worthiness, have variable interest rates, are repaid separately from federal loans, and may not be deferred until the student is no longer enrolled at least part-time.
Friends University does not endorse one lender or loan over another, we encourage students to do their research and select the loan that best fits their individual needs. Below is a link to a historical list of all private lenders who continue to offer alternative loans for education and have provided funds to Friends University students in the last 3 award years.
Inceptia: Loan Repayment Counseling Outreach
At Friends University, we understand that student loans can be intimidating. That’s why we have partnered with Inceptia, a nonprofit organization, to provide you with free assistance on your student loan obligations to ensure you feel comfortable and can be successful in your loan repayment.
Inceptia may be calling to help you with next steps in your repayment journey. Their friendly counselors are there to help you every step of the way. If you become delinquent on your loans, they may contact you to help find a solution that works within your means.
The Inceptia counselors are there to help you with every step by staying in touch with you via phone calls, letters, and/or emails. They will not be collecting money from you. Inceptia’s nonprofit purpose is to help you find answers to your questions and solutions to your issues. We encourage you to visit Inceptia’s Student Knowledge HQ website at HeroKnowl.org.