It is extremely important to exhaust all other financing options--such as grants, scholarships, etc.-- before considering any loans. While loans may be available to you, we advise that you borrow only what you need to cover your expenses. You will be responsible for repaying what you borrow.

Federal Direct Subsidized Loan
Low interest rate student loan. The federal government pays the interest on the loan while the student is enrolled at least half-time.

Federal Direct Unsubsidized Loan
Low interest rate student loan. The student is responsible to pay the interest while in school but can opt for the interest to accrue. At repayment, the accrued interest is added to the principal balance.

Other Loans

It is extremely important to consider exhausting all other federal financing options—such as the Federal Direct Subsidized and Unsubsidized Loans—before taking out one of these loans.
In addition to the student loans listed above, the following loans may also be available to you:

Federal Direct PLUS Loan
A federal loan available to the credit-worthy parents of a VWU student. The loan has a fixed interest rate and payment can be deferred until after the student graduates. For more information and to apply for the Direct PLUS Loan, visit

Alternative Loan
A loan that students can apply for through a private lender to supplement their financial aid. Our preferred lenders can be found at Elmselect. Unlike the government loans, not all lenders offer fixed interest rates. Be sure to compare lenders and their loan options before applying.