We recognize that students will need to rely on a variety of resources to assist them in paying for their educational expenses.  We hope the information provided will allow for a better understanding of the educational loan options.

As you consider the loan programs available, be sure to keep in mind that some loans are more expensive than others. Be sure to pay particular attention to the interest rates, fees and repayment terms before making your decision.

Graduate PLUS Loans

The Federal Direct Graduate PLUS loan is available to students who enrolled at least part-time (5 or more credits each semester), have filed a FAFSA and pass the required credit check to determine credit worthiness. 

  • Credit worthiness is defined as having no credit, having good credit, or not having an adverse credit history. 
  • Students who are found to not meet the credit requirement can obtain a credit-worthy endorser (similar to a co-signer).  If denied, the Department of Education will notify you of the process to appeal the credit decision or the steps to add the endorser and be approved. 

Students wishing to apply for the loan will submit their request directly to the Graduate Financial Aid office to have the credit check performed. The university does not participate with the online credit check process performed at www.studentaid.gov.

Maximum loan amount is based on the student’s cost of attendance minus all other financial aid (loans, grants, scholarships).  We do encourage students to only borrow what is needed.

  • The borrower is responsible for all interest that accrues and can choose to either pay the interest while in school or it is deferred and added to the loan principal at repayment.
  • Loan fees are deducted from the loan prior to the disbursement of the funds and borrowers are responsible for repayment of all such fees.
  • Effective July 1, 2020 the interest rate is fixed at 5.30% for the 2020-21 academic year (July 1, 2020 through June 30, 2021). Interest rates are determined each year and set in June of the upcoming academic year. Once set, the interest rate is locked in for the life of the loan.
  • Repayment on the loan begins 180 days after a student falls below part-time status, graduates or stops attending school.  Students have over seven different repayment terms to select, some of which are income-driven.

Federal Direct Graduate PLUS Loan Fees

  • October 1, 2019-September 30, 2020: 4.236%
  • October 1, 2020-September 30, 2021: 4.228%

Loan Process:

  1. A student will complete the QU Graduate PLUS Loan request sheet and return it to our office for processing.  You will be notified electronically if you have been approved or denied.
  2. Complete the Federal Graduate PLUS MPN at https://studentaid.gov, this only needs to be completed one time unless you require an endorser.
  3. Complete Entrance Loan counseling online at https://studentaid.gov
  4. Our office will be notified all steps have been completed and funds will be issued to the University at the start of the school semester.

Private Alternative Loans

We recognize that students may need to rely on a variety of resources to assist them in paying for their educational expenses. One type of loan to consider is a private alternative loan. These loans are available to students when federal loans are not enough to cover the cost of attendance or for students that do not qualify for any federal loans.

We strongly encourage students to exhaust their Federal Stafford Direct loan options prior to considering these loans due to potentially higher rates, fees, terms and conditions that usually accompany private loans.

  • The interest rates are tied to the prime, LIBOR or treasury bill rate.
  • Borrower eligibility, co-signer requirements, interest rates, maximum loan levels and repayment options vary according to the program.
  • These loans are generally based on an individual's credit score/history.
  • These types of loans may also assist students who are enrolled less than half-time (less than 5 credits), pursuing a certificate program or international students.

Before applying for a loan, be sure to research the loan product(s) to ensure you are getting the most competitive rates, fees and terms available. As you research available loans, be sure to review the websites or ask the lenders how your needs and the terms of the loans meet your individual situation. Listed below are some items to consider:

  • Is the interest rate fixed or variable?
  • Does the loan have a maximum (capped) variable interest rate?
  • Can you receive a better interest rate if you have someone co-sign the loan?
  • Are payments required to be made while in-school?
  • Can the loan be used if only taking 3 credits (less than 1/2 time)?
  • Is the loan used if not making Satisfactory Academic Progress?
  • Can I use this loan as an international student?

Ultimately, choosing a loan and lender is completely up to you. Most lenders after being credit approved will send the information about your loan directly to the university. Remember, applying for a loan is a process and it could take several weeks to complete the process and have the funds sent to the school.

To better assist you with your search, we have provided a historical list of the loan products/lenders our graduate students have elected to use over the past 3 years (this list reflects only those lenders still lending).

Historical alternative loan providers


Loan Products



Citizens Bank Student Loan

Health Professional

College Avenue Student Loan


Discover Student Loan 

Health Professions



NJ Class Loan


Sallie Mae Student Loan

Health Professionals & Graduate

Suntrust Education Loan

Custom Choice

We are happy to provide you with any information we may have on a particular lender. Please contact our office if you have additional questions.

Entrance and Exit Interviews

First time borrower to Quinnipiac Graduate Programs

If you will be attending Quinnipiac’s graduate programs and are a first-time borrower of federal loans, you are required to complete Entrance Loan Counseling and the Loan Agreement for the Direct Unsubsidized loan (MPN) before funds can be disbursed to the university.

  1. Entrance Loan Counseling – This is an online tool required for student borrowers to understand their rights and responsibilities when taking out Federal loans.
  2. The Loan Agreement for the Direct Unsubsidized loan (MPN) – This is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(S).

To complete this requirement:

  • Sign into Studentloans.gov using your FSA Id and select Complete Entrance Counseling, be sure to indicate Quinnipiac University to receive your information
  • While logged in, complete a loan agreement for the Subsidized/Unsubsidized loan (MPN), be sure to indicate Quinnipiac University to receive your information

The Entrance Counseling will take approximately 30 minutes and the MPN will take about 15 minutes.

Federal Exit Loan Interview

All students who either graduate, withdraw or drop below half-time enrollment are required to complete an exit interview. Exit loan interviews are conducted in two ways: either an on-campus session prior to Graduation (generally held in April, July and December) or online. The exit information will provide borrowers information on repayment their loan obligations including payment plan options, servicer information, etc.

Students with questions regarding exit counseling may contact the Graduate Financial Aid Office at 203-582-8588.

You will need your FSA ID to log-in to complete the counseling option.

Please visit nslds.ed.gov to find who to contact about repaying your Federal student loan and how much you owe.