Current Students: Federal Direct Student Loans

Student Loans

The amount a student is eligible to borrow is determined by grade level and cost of attendance. There is no credit check. Additional eligibility requires enrollment in at least 6 credit hours per semester (half-time).

Loan Level
Dependent Student
Loan Amount
Independent Student/Dependent
with PLUS Denial
(Must Apply Yearly)
Freshman $5,500 $9,500
Sophomore $6,500 $10,500
Junior $7,500 $12,500
Senior $7,500 $12,500
Graduate   up to $20,500 annually
Vocational Nurses $5,500 $9,500

Federal student loans go into repayment six months after the student has graduated, dropped below half-time enrollment, or withdrawn from the university.

2014-2015: Subsidized and Unsubsidized Student loans for Undergraduates have a 4.66% interest rate during repayment.

2014-2015: Unsubsidized Federal Direct Student loans for Graduate Students  have a 6.21% interest rate upon disbursement to the student account. 

Vocational Nursing students are awarded as a certificate/first year programs at freshmen loan levels.

Students can track actual and potential loan debt with the federal  loan calculator which allows you to calculate your monthly payments based on your current and future loan debt.

Borrowers sign a master promissory note (MPN) and complete loan entrance counseling online: . Use the borrower FAFSA pin to sign in.

SALT is a program provided by Schreiner University for students, alumni, and employees.  $ALT provides financial literacy programs, scholarship searches, and live financial counselors to answer loan consolidation options and answer other questions.

Please contact the Financial Aid office with any questions about loans. You can reach us at, 1-800-343-4919 or 830-792-7217, or visit us in person in the Welcome Center. Our office is open Monday – Friday from 8am – 5pm.

The Office of Financial Aid at Schreiner University is committed to assisting students in obtaining the best financial aid award possible. However, it is the student’s responsibility to comply with all requirements necessary to complete the financial aid process. In addition, the Office of Financial Aid is not responsible for the student's financial obligations to Schreiner University. Each student must verify their account balance and make arrangements for any amounts not covered by financial aid.