Financial Assistance Programs - Loans
Grants | Loans | Work Opportunities

WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM – Glenville State cooperates directly with the U.S. Department of Education in securing these loans and the FAFSA is required.

Loan amounts can vary depending on the student’s grade level and other aid awarded. The interest rate is variable. Subsidized loans are interest free while the student is in school. However, interest begins accumulating on unsubsidized loans at the time of disbursement. An origination fee is charged on all of the loans.

Students must sign a promissory note which may be done online at https://dlenote.ed.gov using their Department of Education PIN number. The notes may also be mailed to the student. Loan counseling is required and may be done online at www.dlssonline.com using the student’s PIN number, or may be done in person at the school.

You will begin repayment six months after graduation, or if you drop to less than half-time enrollment or withdrawal from school. Deferments may be granted if you re-enroll at a later date, and other types of deferments may be available by contacting the Direct Loan Servicing Center. Students may access their Direct Loan account online at www.dlssonline.com.

ALTERNATIVE LOANS are private loans, obtained through a lending institution, used to pay for educational expenses. The Alternative Loans and eligibility amounts must be certified by a Financial Aid Administrator at the school. Students may seek these opportunities through several lenders. Click here for more information: Alternative Loan Information.

PARENT LOANS are loans that a parent may borrow for their dependent student. The parent completes a separate application, and the Financial Aid Office certifies eligibility and sends the loan request to the processing center for a credit history check. If credit is approved, the parent completes either a paper master promissory note or signs electronically at https://dlenote.ed.gov . If credit is denied, the dependent student can then apply for the “additional” unsubsidized loan. The interest rate is fixed at 8.5% for the Parent Loan, and repayment begins after the loan is fully disbursed to the student’s account.

More detailed information on Parent Loans may be viewed at: http://studentaid.ed.gov/PORTALSWebApp/students/english/parentloans.jsp?tab=funding .

An Application for the Parent Loan may be printed from the Glenville State website, completed and returned to the Financial Aid Office.

REVIEW LOAN OPTIONS click HERE.