There are two types of Stafford loans: Subsidized and Unsubsidized. The Stafford loans require at least half-time enrollment, and do not require a credit check or co-signer.
- Interest free while you are enrolled at least half-time
- Interest accrues from the time of disbursement. Interest may either be paid while you are enrolled or capitalized (added) to the principal amount prior to entering repayment.
Crown does not provide early disbursement.
Federal Perkins Loans are awarded to students with exceptional financial need. Crown College has a limited amount of funds to award, and students receiving this loan must borrow their full Stafford Loan eligibility first. The federal government pays the interest on the Perkins loan until repayment begins nine months after a student graduates or drops to less than half-time.
Please click on Loan Counseling to obtain information about Loan Entrance and Loan Exit Counseling requirements for student loans.