Loans
Loans to help pay for college expenses are available for both students and parents. Loan funds must be repaid. Applying for most loans requires completion of the FAFSA.
Federal Direct Loans
Federal Direct Loans are low-interest student loans from the U.S. Department of Education. Federal Direct Loans can be subsidized or unsubsidized and require students to be registered at least half-time. The Annual Student Loan Acknowledgement is recommended to be completed before a borrower receives the first disbursement of the first loan for a particular award year. The Annual Student Loan Acknowledgement is no longer required. It is optional. Learn more here.
General Information | Instructions | MPN & Entrance Counseling | Graduating & Repaying | Rights/Responsibilities
Federal PLUS Loans
Federal PLUS Loans are available for parents of dependent students and for graduate students. Students must be registered at least half-time. The Annual Student Loan Acknowledgement is recommended to be completed before a borrower receives the first disbursement of the first loan for a particular award year. The Annual Student Loan Acknowledgement is no longer required. It is optional. Learn more here.
Parent PLUS Loans | Graduate PLUS Loans
Alternative Loans
Federal loans typically offer a better long-term borrowing option; however, alternative loans offer a quick yet competitive lending alternative for those who have exhausted federal loan eligibility. Interest rates and terms vary among lenders.
General Information | Finding a Lender | Applying for an Alternative Loan
Repaying your Loans
The U. S. Department of Education provides repayment information for federal loans, including types of repayment plans, interest rates, calculating your monthly payments, postponing repayment, and consolidating your loans.
At Fort Hays State 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. While you are in your grace period, they might reach out to you to answer questions you may have on your repayment options. If you become delinquent on your loans, they may also 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 https://www.heroknowl.org/
General Information | Deferment | Loan Consolidation | Repayment Video