Current Students: Federal Student and Parent

Loan money is money designated for the student’s educational expenses that must be paid back to the lender. (Loan Forgiveness Programs do exist. We recommend that all graduating seniors discuss their career plans with us prior to graduation)

Federal (Direct) loans are loans in which the United States federal government is the lender. The federal government offers student and parent loans with set interest rates. Deferment, forbearance, and forgiveness options may apply. Please view the federal repayment information website for additional information.

The federal government sets the interest rates on their loan programs each year. These are fixed rates for that loan for that year, but interest rates per year may change and the interest rate for each type of loan is different.

All loans require the borrower to sign a promissory note with the lender stating that the borrower knows they must repay the money borrowed. The lender will not release the funds until the borrower has completed signed a promissory note and any required counseling.

Federal loans fall into 3 categories (or types):

Federal Direct Student loans

Federal Direct Parent PLUS loans

Federal Direct Graduate PLUS loans

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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