Federal Loans
There are a number of federal loan programs available. These loans are typically based on income and repayment plans differ from one type of loan to the next.
- Federal Subsidized Stafford Loan Program
http://studentaid.ed.gov/PORTALSWebApp/students/english/studentloans.jsp?tab=funding
If you qualify for a subsidized Stafford loan, you can borrow up to $2,625 during your freshman year, $3,500 during your sophomore year, and up to $5,500 when you're a junior or senior. Your first payment will be due six months are you graduate or leave college. Interest does not start to accrue until that time.
- Federal Unsubsidized Stafford Loan Program
http://studentaid.ed.gov/PORTALSWebApp/students/english/studentloans.jsp?tab=funding
If you don't qualify for a subsidized Stafford loan, you can still borrow money through the unsubsidized Stafford loan program. These loans carry the same loan limits and interest rate as the subsidized Stafford Loan, but interest begins to accure while you are still in school.
- Federal PLUS Loan
http://studentaid.ed.gov/PORTALSWebApp/students/english/parentloans.jsp?tab=funding
A parent may borrow up to the total cost of education minus financial aid. Repayment begins 60 days following the final disbursement with up to 10 years to repay.
- Federal Perkins Loan
http://studentaid.ed.gov/students/attachments/funding/PerkinsLoanInfo.pdf
A Federal Perkins loan will allow you to borrow up to $4,000, with the amount determined by your finanical need.
Ozarks Loans
- Institutionally Funded Vera Pfeffer Loan
The Pfeffer loan provides $3,000 for freshmen and sophomores, and $5,500 for juniors and seniors. If you graduate from Ozarks, your first payment will be due six months after graduation, with an interest rate of 0.1%.
To Learn More...
If you have questions about your eligibility for a loan, or questions about loan terms and application processes, contact our financial aid office. Send an email to jhart@ozarks.edu or call 479-979-1227.
You must complete the Free Application for Federal Student Aid (FAFSA) before you can apply for any type of financial aid. This application can be completed online at http://www.fafsa.ed.gov.

