Student Loans

Federal Loans

For detailed information on all federal loans go to StudentAid.gov.

• Direct Subsidized Loans are for Undergraduates with financial need. The U.S. Department of Education will pay the interest on a Subsidized Loan while the student is in school at least half-time. The interest rate for loans disbursed between July 1, 2024 – June 30, 2025 is 6.53%.
• Direct Unsubsidized Loans are available to Undergraduate and Graduate students and are not based on need. For Undergraduates, the interest rate for loans disbursed between July 1, 2024 – June 30, 2025 is 6.53%. For Graduate/Professional students, the interest rate for loans disbursed between July 1, 2024 – June 30, 2025 is 8.08%.
• Direct Parent PLUS or Grad PLUS Loans are available for parents of dependent Undergraduate or Graduate/Professional students and eligibility is based on credit. The interest rate for loans disbursed between July 1, 2024 – June 30, 2025 is 9.08%.

The U.S. Department of Education calculates a cohort default rate (CDR) for each eligible higher education institution each fiscal year.  Roseman’s CDR for the most recently published fiscal year before the pandemic payment pause (FY18) is 0.3%.  The overall national CDR was 7.3% for the same period, and the rate for Private institutions similar to Roseman (i.e., offering Bachelor’s degrees and higher) was 5.3%.  Additional information can be found on the U.S. Department of Education’s CDR website here:  https://www2.ed.gov/offices/OSFAP/defaultmanagement/cdr.html

Loan Origination Fees

Federal student loans have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive. This means the money you receive will be less than the amount you actually borrow. You are responsible for repaying the entire amount you borrowed and not just the amount you received.

• Direct Subsidized Loans and Direct Unsubsidized Loans have an origination fee of 1.057%.
• Direct PLUS or Grad PLUS Loans have an origination fee of 4.228%.

Federal Direct Loan Maximums Per Award Year

*AEODO is not eligible for Health Professional maximums because residents receive a post-doctoral certificate in Orthodontics.

Lifetime Federal Direct Subsidized/Unsubsidized Loan Aggregates

Borrowers of federal Title IV loans are subject to aggregate loan limits. There is a cap on the total amount a student is allowed to borrow. It is very important for students to be aware of their lifetime loan totals and their aggregate loan limits. Students need to borrow conservatively, consider how much they will need to borrow in the future, and know when they will reach their aggregate limit.

*AEODO is not eligible for Health Professional limits because residents receive a post-doctoral certificate in Orthodontics.

Private/Alternative Loans

• These are credit based loans in the student’s name. Private/alternative loans are available to all students who can be approved by a lender.
• To apply, choose a lender you prefer and apply directly with them. You can use FastChoice (link below) to help you choose a lender. Students in Utah should select Nevada to find Roseman University. You must reapply each year you want the loan.
• The amount is not to exceed the student’s Cost of Attendance minus the student’s other financial aid.
• Interest rates vary from lender to lender. Some lenders may require the student to maintain Satisfactory Academic Progress (SAP). It is the student’s responsibility to understand the lender’s criteria when borrowing a private/alternative loan.
• For more details on these private education loans (and/or to verify the latest information, which may be changed by the lenders without notice), contact the lenders directly.