Financial Aid
Federal Direct Loans are low-interest loans that offer in-school deferment for students enrolled at least half-time. Loan amounts are based on dependency status and the number of credit hours enrolled toward your DeVry degree. Eligible students borrow directly from the U.S. Department of Education.
With Direct Loans, you:
To learn more about Federal Direct Loans, visit the Federal Student Aid website.
Federal Direct Unsubsidized Loans are non-need based, low-interest loans available to eligible students enrolled at least half-time. Loan amounts are based on a number of factors such as the student's cost of attendance and federal guidelines. Please visit the Federal Interest Rates and Fees page on the Federal Student Aid website.
Federal PLUS Loans are credit-based loans for eligible students who are enrolled at least half-time. For undergraduate students, the PLUS borrower must be one of the student's parents. For graduate students, the PLUS borrower is the student. PLUS loans are non-need based and loan amounts are based on the student's unmet cost of attendance.
For more information about the Federal PLUS Loan, click one of the following links:
DeVry observes the federal regulations regarding student loan requirements.
Code of Conduct agreements were designed to create and ensure uniform student loan practices that focus on the best interest of borrowers. In these documents, restrictions are defined to manage the relationships among school employees, learning institutions, lender advisory board members and student loan organizations. Students are encouraged to review the Code of Conduct agreements to learn more about the requirements governing loan regulations.
If you have any questions about these documents, please contact DeVry Student Central.
Private loans are bank loans for educational expenses and are not insured by the government. Private loans are made by a bank or lender (not the U.S. Department of Education), and many programs allow students to borrow up to the cost of attendance minus any financial aid received (including federal student loans). Terms of repayment vary depending upon the lending institution.
Lenders may perform a credit check to determine credit worthiness (income, employment, residency, etc.) before approving these loans. Some students may need a co-signer.
Because interest rates may be higher for private loans, it may be beneficial to complete a FAFSA to apply for and determine eligibility for federal loans and grants first, then borrow only what you need to pay the balance of your education costs.
Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness benefits, which private student loans are not required to provide.
If you are interested in learning more about private loans, speak to your Student Support Advisor. For more information on specific private loan programs contact the lender of your choice. Note that you are not limited in your choice of lenders—feel free to shop around. See below to learn about the application process.
DeVry University and its Keller Graduate School of Management does not make any recommendations regarding lender selection. The lenders do not indicate any sort of rank or preference. Students are encouraged to review each lender’s terms and conditions before selecting a lender. Students may choose to borrow from one of the private loan lenders listed or from any other lender.
1Student loans, grants and scholarships are available to those who apply and qualify.
FAFSA® is a registered trademark of the U.S. Department of Education
