Student Loans

Federal Loans

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

• Direct Subsidized Loans are for Undergraduates (ABSN) 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 first disbursed between July 1, 2025 – June 30, 2026 is 6.39%.
• Direct Unsubsidized Loans are available to Undergraduate and Graduate students and are not based on need. For Undergraduates, the interest rate for loans first disbursed between July 1, 2025 – June 30, 2026 is 6.39%. For Graduate/Professional students, the interest rate for loans first disbursed between July 1, 2025 – June 30, 2026 is 7.94%.
• Direct Grad PLUS Loans are for Graduate/Professional students and eligibility is based on credit. The interest rate for loans first disbursed between July 1, 2025 – June 30, 2026 is 8.94%. The Graduate PLUS Loan program is eliminated for new borrowers after July 1, 2026.  Roseman students who have started their program and borrowed federal aid prior to July 1, 2026, will still be eligible for Graduate PLUS Loans as long as they remain enrolled in their program.
• Direct Parent PLUS Loans are available to parents of dependent Undergraduates (ABSN) and eligibility is based on credit. The interest rate for loans first disbursed between July 1, 2025 – June 30, 2026 is 8.94%. Starting July 1, 2026, all parents (combined) may borrow $20,000 per year per dependent student and a $65,000 aggregate limit per dependent student (without regard to amounts forgiven, repaid, canceled, or discharged). Roseman dependent students who have started their program and borrowed federal aid prior to July 1, 2026 will still be able to borrow Parent PLUS Loans using the prior limits as long as they remain enrolled in their program. 

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 Subsidized/Unsubsidized Loan Maximums Per Award Year

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

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

We encourage you to explore federal aid before borrowing a private loan. If you decide a private loan is right for you, you may choose any lender; we process all lenders with equal timeliness. To complete your lender’s self‑certification, you’ll need your Cost of Attendance (COA) and Other Financial Assistance (OFA), available in your portal.

• 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 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.