Flexible loan solutions that allow you to succeed in your academic journey. 

Baker College offers loans through the William D. Ford Direct Loan Program. The program offers low interest rate loans to all qualified students (undergraduate and graduate) and their parents.

Federal Direct Stafford Loans
The Stafford Loan program, allows students to borrow and repay money directly from/to the U. S. Department of Education (DOE). There are two types of Federal Direct Stafford Loans:

  • Federal Direct Subsidized Loan: Available to undergraduate students who demonstrate financial need. DOE pays the interest while the student is in school at least half-time, during the grace period (usually six months), and during deferments (postponements of repayment).  
  • Federal Direct Unsubsidized Loan: Available to undergraduate and graduate students, with no requirement to demonstrate financial need. The student is responsible for paying the interest while in school, during the grace period or in deferment. The payment of interest may be deferred while the student is in school but will accrue on the loan.

Federal Parent PLUS Loan for Undergraduate Students

Available to the parent of a dependent undergraduate student enrolled at least half-time. The loan is a non-need-based loan for parents with good credit histories who want to borrow for their dependent students educational expenses. Parents can borrow up to the student’s cost of education minus other financial assistance.

Federal Graduate PLUS Loan for Graduate Students

Available to students enrolled at least half-time in a graduate level program. Grad PLUS loans are a non-need-based loan for students with good credit histories. Students may borrow up to the cost of attendance minus other financial assistance.

Additional Information

Review additional information about the Federal Direct Loan Program at www.studentaid.gov.

Baker College Student Loan Code of Conduct


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