Undergraduate Admissions

Loans and Grants


Below are the many types of low-interest loans available to students and parents to help offset the cost of education. For the Financial Aid Office to determine your eligibility for loans, you will need to complete the Free Application For Federal Student Aid (FAFSA).

  • Federal Perkins Loans are need-based loans administered by the Creighton University Business Office.
  • Federal Direct Subsidized Loans are also need-based loans.
  • Federal Direct Unsubsidized Loans are non-need based loans.
  • Federal Direct Parent Loan for Undergraduate Students (PLUS) is a loan that allows credit-worthy parents to borrow the cost of attendance minus other aid.
  • Federal Nursing Loans are need-based loans awarded to nursing students beyond their freshman year.

Federal Direct Student Loan

What are the terms for the federal Direct Student Loan?

  • Fixed interest rate of 4.66% on subsidized and unsubsidized loans for academic year 2014 – 2015. (New loan rates set every July 1.)
  • 6 month grace period.

How much can I borrow?

  Freshmen Sophomore Junior/Senior
Sub. & Unsub. for All Students $5,500 $6,500 $7,500
Addl. Unsub. for Independent Students $4,000 $4,000 $5,000

Parent Loan for Undergraduate students (PLUS)

What are the terms for the Parent Loan for Undergraduate Students (PLUS)?

  • Fixed interest rate of 7.21% for academic year 2014 – 2015. (New loan rates set every July 1.)
  • Repayment begins within 60 days of the final disbursement.
  • Parents can borrow the cost of attendance less other aid.

How do I apply?

Go to the Financial Aid Office's loan program list to complete an on-line Master Promissory Note (MPN) for a Direct and/or a Parent PLUS loan.

A student only needs to complete an MPN one time. In future years, the Financial Aid Office will certify your Direct Loan Funds for the amount you accept with the award notification.

To borrow funds through the PLUS program in future years, your parent must make a new request each year. Contact the Financial Aid Office for more information.


Yearly amounts will vary, based on program funding, the family's contribution as determined by the FAFSA and enrollment status.

  • Federal Pell Grant is awarded to students with exceptional need.
  • Federal Supplemental Educational Opportunity Grant (FSEOG) may be available to students who are Pell Grant eligible.
  • Nebraska Opportunity Grant is awarded to Nebraska residents with exceptional need.
  • Creighton University Grant is awarded to students based upon demonstrated financial need.