Sat. Jun 3rd, 2023

Student loan programs are available to help you manage the cost. Applying for a student loan is not as intimidating or complicated as it may seem, and Keiser University has a few helpful resources to make the process easier. Here’s a step-by-step guide to applying for student loans at Keiser University.

Step 1: Research Your Options

To ensure that you receive the best student loan for your needs, researching and comparing all of your available options is an absolute must. Among the most common loans are Perkins Loans, Stafford Loans, and Federal PLUS Loans – each featuring unique interest rates and repayment plans to consider. Taking a few minutes to explore these details will pay off in spades when it comes time for repayment. Once you have narrowed your choices, you can start viewing which loan is correct.

Step 2: Complete the FAFSA Form

Submitting the Free Application for Federal Student Aid (FAFSA) Form is a necessary component of the student loan application process. This form helps determine how much financial aid you qualify for and will help you understand what type of loan best suits your needs. The FAFSA form can be completed online or printed out from the website and filled out by hand. Upon completion, quickly submit your application to Keiser University so they can start the processing process.

Step 3: Submit Your Required Documentation

The third step in applying for student loans is submitting all required documentation. This includes documents such as bank statements, tax returns, proof of income, transcripts, and other documents related to your finances or academic records. All documents must be sent directly to Keiser University so that they can review them and determine if you qualify for any federal or state funding programs or other forms of financial aid that may be available to you.

What you need to know about student loan interest rates

When applying for a student loan, it’s essential to understand the interest rates associated with each loan. Generally speaking, federal loans tend to have lower interest rates than private loans, although this is not always the case. It’s also important to consider how long you will be paying off your student loans – shorter-term loans typically have higher interest rates in exchange for quicker repayment. Knowing the factors affecting your student loan’s interest rate is paramount to getting the most competitive deal possible. It’s important to remember that borrowing more may lead to a higher interest rate, so it pays off to be mindful of how much you’re planning on taking out.

Types of student loans available at Keiser University

Keiser University is proud to provide a range of student loan opportunities that make financing college easier. Some of the most common loans are Federal Direct Loans, Federal Perkins Loans, Graduate PLUS Loans, and Private Student Loans.

-Federal Direct Subsidized and Unsubsidized loans:

If you are an undergraduate or a graduate student in need of financial assistance, these loans may be the solution for you! FAFSA submissions allow us to evaluate your individual needs and determine the fixed interest rate: 4.45% for undergraduates and 6% for graduates.

-Federal Perkins Loan:

This program is only available for undergraduate students with an exceptional financial need as determined by their FAFSA submissions. The interest rate is typically 5%.

-Graduate PLUS Loan:

Graduate students who have exhausted other loan options may be eligible for this loan. The interest rate is fixed at 7%.

-Private Student Loans:

These loans are offered through private lenders and typically require a good credit history and a co-signer.When looking for a loan, it’s critical to conduct thorough research on the available interest rates from multiple lenders.

Educating yourself on the various loan options is a key step in selecting an appropriate student loan that fits your needs. It’s imperative to thoroughly research and consider all possible financing choices before settling on the best one for you. Keiser University has dedicated financial aid advisors happy to help answer any questions about student loans and other financial assistance available to you. They will work with you to ensure your college journey is as financially secure as possible.

How to repay your student loans

After you’ve graduated college, it’s time to start repaying your student loans. The repayment process can be intimidating, but with a few simple steps, you can make sure your student loan debt is managed responsibly.

Step 1: Understand Your Repayment Options

The first step in the repayment process is understanding all of your options. Most federal student loans offer several different repayment plans that can help make payments more affordable. Make sure to research all available programs and choose one that best fits your financial situation.

Step 2: Set Up Automatic Payments

Once you’ve chosen a repayment plan, you must set up automatic monthly payments so that you never miss a payment. Automatic payments can also help you save money on interest by ensuring that each payment is made on time.

Step 3: Monitor Your Loan Progress

Regularly monitoring your loan progress is critical for successfully repaying your student loan debt. Keep track of how much you’ve paid off, your current balance, and any fees or charges associated with your loan. This will help ensure that you stay on top of your repayments and don’t incur unnecessary costs.

Step 4: Consider Consolidation and Refinancing

For those struggling with multiple student loans that have astronomically high-interest rates, consolidating them into one loan will not only help you save money on interest but also provide a more streamlined repayment process. You can even take it to the next level and refinance your debt through a private lender for an even lower rate – reducing stress levels and freeing up extra funds at the same time!

By following these steps, you can repay your student loans and ensure that your college education does not lead to financial hardship.

How to consolidate your student loans

If you have numerous student loans, consolidating them is an effective way to reduce the complexity of repayment and save money on interest. Here are a few steps to take when considering consolidation:

Step 1: Compare Federal and Private Loans

The first step in loan consolidation is to compare your federal loans with any private loans you may have. Generally speaking, it’s best to consolidate only federal loans into one loan since private lenders usually offer higher interest rates and fewer benefits.

Step 2: Contact Your Lenders

Once you’ve determined which loans should be consolidated, contact each lender for more information about their terms and conditions of consolidation. 

Step 3: Compare Lenders

After you have acquired all the crucial information, contrast lenders and select one that is most suited to your financial situation. It would help if you also read all of your loan’s terms and conditions carefully before signing anything.

Step 4: Apply for Consolidation

Once you’ve chosen a lender, it’s time to apply for consolidation. Make sure that all of your information is accurate and complete so that the process goes as smoothly as possible.

Consolidating your student loans can simplify repayment by combining multiple loans into manageable loans with a single monthly payment. However, it’s essential to research and selects the right lender to get the most out of your loan consolidation. By taking these simple steps, you can rest assured that you will make the best financial decision for your future.


Applying for student loans doesn’t have to be overwhelming—Keiser University has several resources that can make the process much easier! To apply for a student loan at Keiser University, follow these simple steps; research your options; complete the FAFSA form; submit the required documentation; and await approval from Keiser Financial Aid Office! By following these steps, you will soon be on your way toward paying off those pesky college expenses! Good luck!

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