Student Borrowing

Important Information about Student Loans and Financial Assistance

Various types of loans are available to students at Prescott College who are enrolled at least half time. Those who are enrolled in less than half-time can visit the links below for specialized loans. 

Below you will find information regarding the different types of loans, the Federal TEACH Grant program and scholarships, and information regarding loan repayment.

Please contact the Financial Aid Office with any additional questions. 

P: (928) 350-1111

E: finaid@prescott.edu

 

Loans

After you have considered all federal loans, you may also be interested in applying for a Private Loan for Education.  A private loan is a credit-based educational loan.  Terms and conditions are set by each individual lender, so students should shop wisely for their lender.  Students unable to qualify on their own may need to obtain a co-borrower/co-signer.  Students may borrow up to their Cost of Attendance budget, less any other financial aid funds and resources received. Click on the link below for more information. 

Private Loans for Education

Federal Direct loans are the most common source of student loan funds made available to students seeking a degree or certificate. Federal Direct Loans must be repaid with interest. Federal Direct Loans offer deferments of principal payments while a student is in school and allow a six-month grace period after leaving school, before repayment begins. Depending on a student's need as calculated by U.S Department of Education, a Federal Direct Loan may be offered as a subsidized or unsubsidized loan, or as a combination of the two. Click on the link below for more information. 

Federal Direct Loan Program

Grants & Scholarships

The Federal TEACH Grant Program provides grant funds to eligible students who are completing or plan to complete coursework that is needed to begin a career in teaching, and who agree to serve for at least four years as a full-time, highly qualified teacher in a high-need field, in a school serving low-income students. Click on the link below for more information. 

Federal TEACH Grant

Prescott College offers a variety of inside and outside scholarships to interested students who qualify. These scholarships can help to substantially offset the costs of attendance without the obligation of repayment. Click on the link below for more information. 

Scholarships

Loan Repayment

We are currently partnered with Inceptia to help students and their families navigate federal student loan repayment once they leave school. Inceptia is a third-party servicer that assists federal student loan borrowers who attended Prescott College. Click on the link below for more information. 

Repaying Your Loan