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student loans go into repayment six months after the student has graduated, dropped below half-time enrollment, or withdrawn from the university.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

Interest rates are set every July 1st for the following year.  Currently, a 1.073% origination fee is deducted from the amount borrowed before the money is sent to the school.

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

Upon receipt of the appropriate application materials, the Financial Aid Office will determine your eligibility and originate your loan.  If you have previously borrowed a Direct Loan and signed a Master Promissory Note, then you will not need to sign another Note.  You will use your FAFSA PIN to sign into www.studentloans.gov

New borrowers must sign a Master Promissory Note.  First time borrowers must also complete Loan Entrance Counseling.  Both may be completed at www.studentloans.gov

Beginning July 1, 2013, a new borrower may receive Federal Direct Subsidized loans for up to 150 percent of the published length of the borrower’s educational program. Should a borrower exceed this period, he or she is no longer eligible for Federal Direct Subsidized Loans. The borrower also becomes responsible for accruing interest during all periods as of the date the borrower exceeds the 150 percent limit.

The Standard Repayment Plan allows for a repayment period of 10 years. Alternative repayment plans allowing for a longer repayment period are available. Students are encouraged to utilize their $ALT membership to research the best loan repayment options for their situation.

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.

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 finaid@schreiner.edu, 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.

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