Student Loans at SAU Tech

Understand, Apply, and Borrow Responsibly

Student loans can help you cover the cost of college when scholarships and grants aren’t enough. At SAU Tech, we encourage students to borrow only what they need and to fully understand the terms of their loans before accepting any funds.

What Are Student Loans?

Student loans are borrowed funds that must be repaid after you graduate, leave school, or drop below half-time enrollment. There are two main types of loans available to SAU Tech students:

• Federal Student Loans
• Private (Alternative) Loans

Types of Federal Loans:

• Subsidized Loans:
  Based on financial need. The government pays the interest while you’re in school.
• Unsubsidized Loans:
  Not need-based. Interest begins accumulating as soon as the loan is disbursed.
• PLUS Loans (for Parents):
  Available to parents of dependent students.

Before You Borrow

• What is the total cost of repayment?
• Will your career field support your future loan payments?
• Can you minimize loan use with scholarships or part-time work?
• Is the loan federal or private, and what are the terms?

Types of Private Loans:

Private or “alternative” loans are issued by banks, credit unions, or private lenders. These loans:

• May require a co-signer
• Often have higher interest rates than federal loans
• May not offer the same deferment or forgiveness options
• Only consider private loans after all federal and grant options have been explored.

Need Help?

We're here to walk you through the loan process. Don’t borrow more than you need—and don’t do it alone.

SAU Tech Financial Aid Office 

870-574-4511