The University of St. Thomas Financial Aid Office staff is available to assist you in understanding the educational financing options available to you. To that end, we have historically offered guidance to students and their parents concerning student loan options. The Financial Aid staff adheres to a University of St. Thomas Code of Conduct.
Student loans are low cost ways to finance your educational expenses. They generally have lower-than-market rates of interest and fees and often have the option to defer payment until after you have completed your program.
If you are unable to pay for all of your costs of education out of your resources or a combination of your resources and the scholarships or other grants you are offered, you may want to consider borrowing a student loan.
There are two main types of loan programs from which students can borrow: