1 Consideration of Deferred Action for Childhood Arrivals (DACA)
2 Temporary Protected Status (TPS)
3 APR refers to the annual rate of interest charged to borrowers. APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the transaction, but it does not take compounding into account.
4 Direct PLUS Loans are offered through the U.S. Department of Education and are available to U.S. citizens, permanent residents, and select eligible noncitizens who are pursuing eligible graduate or professional degrees and certificates.
5 The following states are ineligible: Alaska, Idaho, Maine, Mississippi, Montana, Nevada, New Hampshire, North Dakota, Rhode Island, South Dakota, Wyoming, and Washington, D.C.
6If a borrower is currently enrolled in an eligible program at the time of application, the borrower must have a cumulative graduate school GPA greater than or equal to 3.0 and a current semester GPA greater than or equal to 2.0.
7Credit knockout criteria for academic year 2023-2024 include the following, excluding all medical debt: i) default on any past loan; ii) 11 or more instances of accounts/trades that have ever gone >90 days past due; iii) collection items/liens/judgments >$500; iv) involvement in any current or prior bankruptcy proceedings; v) open, active, or unresolved public record item; vi) charged off account with a balance >$500; vii) a student debt-to-income ratio greater than 30% (includes graduate and undergraduate student loans); viii) with limited exceptions, all past due/collections amounts must be resolved prior to approval.
8 Select scholarship programs include TheDream.US, Golden Door Scholars, and Equal Chance for Education.