Loans
Student Loan Programs
Federal Direct Loans
LSSC participates in the Federal Direct Loan Program. Students must meet general financial aid eligibility requirements and be enrolled in a minimum of six credit hours at LSSC to receive a Federal Direct Loan. Learn more about Applying and Receiving Direct Loans. Funds are posted to the student's account each semester following enrollment verification. All loans must be paid back with interest. For more detailed information on Direct Loans, visit studentaid.gov or contact the Enrollment Service Center.
Effective July 1, 2026, Federal regulations under the One Big Beautiful Bill require that loan amounts for students enrolled less than full-time in any given semester be reduced based on the number of credits enrolled. For questions or a personalized review of your financial aid package, students are encouraged to contact the Financial Aid Office.
Parent PLUS loan annual limits will be applied per regulation. Parents may borrow up to $20,000 per year, per dependent, limited by a student’s Cost of Attendance (COA). A parent will receive an aggregate limit of $65,000 per student.
- Federal Direct Subsidized Student Loan
- Federal Direct Unsubsidized Student Loan
- Federal Direct Parent Loans for Undergraduate Students
Alternative Loans
Private loans are non-federal, credit-based education loans borrowed from a private lending institution that must be repaid. The loans are typically issued in the student's name and may require a cosigner. The maximum amount a student may borrow is the cost of attendance minus any other financial aid, or the lender's maximum limit. Families are encouraged to fully explore federal loan options (e.g., Direct Subsidized, Direct Unsubsidized, and Direct Parent PLUS Loans) before securing a private loan, given the benefits and consistency that federal loan programs offer.
Selecting a private education loan and lender is a personal decision. The Office of Financial Aid strongly recommends researching private education loans and lenders before completing an online loan application or signing any loan paperwork. Research should include a comparison of interest rates, fees, repayment terms, and the level of customer service provided by the lender.