Types of Student Loans

Private Student Loans

Student loans can come from sources other than the federal government. The Arkansas Student Loan Authority offers loans to supplement the federal loan program:

  • Loans for Certificate & Coding Programs - for students enrolled in the Arkansas Coding Academy or the University of Arkansas Global Campus
  • Loans for Undergraduate & Graduate Students - for students attending a higher education institution located in Arkansas or an Arkansas resident attending an out-of-state institution
  • Loans for Refinancing Your Education Loans - for residents of Arkansas with Federal or Private education loan debt

Federal Direct Loans from the U.S. Department of Education

Direct Stafford Loans ~ Subsidized & Unsubidized

Subsidized and Unsubsidized loans are federal loans to help cover the cost of higher education at a four-year college or university, community college, or trade, career or technical school.

A detailed explanation of eligibility, grace periods, interest, loan amounts and limits is available at Federal Direct Stafford Loans.

Direct PLUS Loans ~ Parent & Professional/Graduate Students

Direct PLUS Loans are available to eligible graduate and professional degree students and parents of dependent undergraduate students.

A detailed explanation of eligibility, grace periods, interest, loan amounts and limits is available at Federal Direct PLUS Loans.