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Subsidized and Unsubsidized Federal DIRECT Student Loan Program

Subsidized and unsubsidized loans are federal student loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. The U.S. Department of Education offers eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans.

View more information on Subsidized/Unsubsidized Loans

Federal Plus Loan Program

PLUS loans are federal loans that graduate or professional degree students and parents of dependent undergraduate students can use to help pay education expenses.

Here’s a quick overview of Direct PLUS Loans:

  • The U.S. Department of Education is the lender
  • The borrower must not have an adverse credit history
  • The maximum loan amount is the student’s cost of attendance (determined by the school) minus any other financial aid received

Learn more about PLUS Loans

Federal Perkins Loans

Loans made through the Federal Perkins Loan Program, often called Perkins Loans, are low-interest federal student loans for undergraduate and graduate students with exceptional financial need.

Here’s a quick overview of Federal Perkins Loans:

  • Available to undergraduate, graduate and professional students
  • Interest rate for this loan is five percent
  • Spring Hill College is the lender
  • Funds depend on your financial need and the availability of funds

*Questions concerning the repayment of your Federal Perkins Student Loan can be answered by contacting the Spring Hill College Perkins Loan Liaison ( If you need to speak with ACS, our Perkins Loan billing servicer, please call (800) 826-4470 or visit the ACS Website.

View more information about Perkins Loans

Alternative Educational Loans

Private lenders are an alternative or additional educational funding option to federal student loans. Please review the option of lenders that other SHC students have used in the past. You are free to choose any alternative loan lender, whether listed on this site or not. If you have specific questions please contact a financial aid counselor.

View more information about Alternative Educational Loans

Responsible Borrowing

Watch this short video on managing your loans

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