Student Loan Programs by State

From Alaska to Wyoming, here is the list of student loan programs offered by different states of United States.

Posted by Sagar.C on 9th April 2019

Paying for tuition fees in today’s time is quite tough. Don’t worry, we have information regarding the state student loan programs.

We have come up with a list of fee aid provided by the different state. The first thing you need to know if you’re eligible or not.

Student loan and their types

State Loan Programs are mainly for the students who are residing in the respective states. usually, state students get many benefits such as rates,  alternatives and flexible repayment plans.

There two types of state student loans

Federal loans

The student loans which are offered directly by the Federal Government to student and parents/guardian. This allows them to borrow money for their education from the government.

Mainly there are four types of Federal Loans

  1. Direct Subsidized Loan.

  2. Direct Unsubsidized Loan.

  3. Direct PLUS.

    • Direct Parent PLUS Loans.

    • Direct Graduates and Professional PLUS Loan.

  4. Direct Consolidation Loan.

Note: For any Federal Loan program students need to fill and submit FAFSA.

Private/Alternative loans

Private loans come into the picture once student exhaust their federal loans. Private student loans are credit-based loans awarded by private banks or lending instruments. There are terms and conditions which can be different from lender to lender. U.S. Citizens and permanent residents appearing for schools within the USA can apply for this loan. These loans are not available for everyone, one needs to get a credit check or have a co-signer on their behalf. Repayment of student loans should be done by you in case of the school you went close down.

State Wise Student Loan Program

Student Loans Available to Alaskans

All college students go through financial problems when they are planning to conduct their higher education. For Alaskans, the Alaska Commission on post-secondary education gives full details on federal and state loan programs. The ACPSE provides information on private and supplementary loans. It also gives information for loan forgiveness programs.

Alaska Commission on Post-Secondary Education

The ACPSE provides a wide range of federal student loan programs. They also offer the primary AlaskAdvantage Loan for local students. Interested College students can visit ACPSE website and fill and submit the free application for federal student aid, or FAFSA to receive any state-sponsored or federally guaranteed, loans. 

Private Education Loans Offered In the State of Alaska Under ACPSE

Federal Education Loans might leave some gap between student and their college funding as higher education is gaining on cost day by day. The state of Alaska has many authorized lenders to offer state students with low-cost alternatives under private lender student loans. These loans are substitutes for federal student loan programs.

The Alaska Supplemental Education Loan

This credit-based student loan is offered to the Alaskan student as well as the student enrolled in state colleges as well as out of state universities. This loan offers the combined loan limits of up to $60,000 which is an affordable alternative to private lender loans.

The Alaska Family Education Loan

This loan allows the family member to contribute towards a student’s college fund, it is an innovative and low-cost loan program. The Family Education loan is available to parents, grandparents, and spouses of resident students. This loan is applicable only on accredited Alaskan college or university.

The Alaska Alternative Consolidation Loan

Students who have borrowed multiple private loans can use this program. This program helps borrowers to make their existing loan stronger by converting into one, easily managed, loan package.

Special State Student Loans

There are two types of state-sponsored student loans Alaska supports for state students. These loans are only available for students who have enrolled in state college or university.

The A.W. “Winn” Brindle Memorial loan

In the memory of one-time president of Wards Cove Packing Company and Columbia wards fisheries, this loan is offered. Students who have enrolled in a fisheries-related field can enjoy the benefit of this loan. Loan Forgiveness is 50% for the students who have outstanding student loans.

The Michael Murphy Memorial Student Loan

This program is funded by private donations under the administration of the state. This low-cost loan helps students to pursue their degrees, and careers, in Law Enforcement.

The Alaska Teacher Education Loan Program

Many states of the USA face a shortage of qualified professional teachers every year. Alaska is also one of them, so the government of Alaska has taken an initiative “Loan forgiveness program” which offer rewards to students who are pursuing a degree in education. The Alaska Teacher Education Loan Program benefits to the education students who take positions as teachers in underserved communities. $7500 annually will be received by students under the loan forgiveness program.

The state of Alaska offers many options to their resident students for finding the required funds for their college. The ACPSE website also has information regarding grants and scholarships. Visit the Alaska Commission on Post Secondary Education for more details on all of the programs available to resident students.

Student Loan in Arizona

State Has developed a government body to advice, support and guide student to plan for their educational financial aid. The Arizona Commission For Postsecondary Education (ACPE) construct strong post-secondary education in the state of Arizona.


  1. Increase financial aid for students.

  2. Assist students and families to plan and start and succeed in postsecondary education.

  3. Provide a platform/forum to solve and address all the possible issues of mutual interest related to all the sectors of postsecondary education.

The AZGrants websites grant ACPE to develop and promote all the recent financial aid programs to relevant people and give user-friendly tool for ACPE and Financial Aid Professionals to promisingly administer the available student post-secondary financial aid programs.

The Arizona Teacher Student Loan Program

Like the many States, Arizona also proposes a loan program for students who want to join the education profession. It gives financial benefits to the Arizona resident student. Under this program, the maximum $7000 is forgivable up to three years. It also excludes all grants, scholarships and other tuitions benefits (ex: tribal and military). Under student’s cost of attendance (COA), funds are allocated towards tuition, instructional material and mandatory fees.

Eligibility for The Arizona Teacher Student Loan Program

  • Candidate should be U.S. Citizen or an eligible noncitizen.

  • Residing in Arizona for at least the previous 12 months at the time of application completion.

  • Candidate should have been enrolled at least half-time in a baccalaureate program working on teaching degree or any other teacher certification program at the accredited national or regional postsecondary educational institution of Arizona.

  • Must have completed at least 55 college credit hours (junior or higher) in any course of instruction with intention to attend licensure as a teacher of math, science, special education or to provide instruction as a teacher in a public low-income school, public rural school, or a public school located on an Indian reservation.

  • Exploring his or her first baccalaureate degree or any other teaching certificate.

  • A person should be in need of financial help (Cost of Attendance minus Expected Family Contribution (EFC)).

  • Free application for FAFSA is compulsory.  

  • A person needs to enter in an agreement with ACPE to teach in any Arizona Public Schools in a term equal to the number of years of loan received plus one year.

  • Promissory note needs to be signed to acknowledge the conditions of the loan and promising to repay the loan plus 7% interest if teaching condition does not match.

  • New applicants have to write a 250-500 word essay on “Why They Want to Be a Teacher”.

Loan application and completed promissory note must be submitted by students to the commission annually. Students need to complete FAFSA. Loans will be provided to the students on the basis of first come, first served basis.

Student Loan programs in the state of Colorado  

To go through college education many people need financial aid. The state of Colorado offers several loans where students get benefits for their education funding.

Health Profession Loans

These loans are provided by the united states department of health and human services. Health profession loans are for the students interested to enroll in medical and nursing programs.

There are three types of Health Professions loans,

  1. Health Professions Student Loans
  2. Nursing Student Loans

  3. Primary Care Loans

Eligibility for Health Profession Loan

  • Financial information of your parents is needed while applying for these loans

  • FAFSA needs to be completed and filed to understand which loan you are eligible for.

  • “Promissory Note” should be prepared as a legal document to repay each loan you accepted

  • You must complete an entrance counseling session for federal loans before you receive any loan funds.

Loan Programs in Georgia

The U.S has many government organizations for student loans in every state. Georgia has GSFC, Georgia State Finance Commission which is one of the best in the country for the student aid operations. It was founded in 1965 as the State Scholarship Commission, the agency’s main duty is to provide and service educational loans.

Till now, GSFC has introduced 20 state – and lottery-funded scholarships, grants and service-cancellable loan programs over the years. This ensures that students from Georgia will have access to education beyond high school. It provides free financial aid consultation to K-12, postsecondary institution and community organizations across the state to assist students and their families to frame for the finances.

The Student Access Loan

The state of Georgia offers a unique loan program, this program is mainly designed for students who cannot afford education. Students are selected randomly and they are awarded loans. Low-interest rates and repayment incentives are the additional rewards participants receives if the student agrees to work in the public sector or in the fields of science, math, engineering or technology (STEM).


  • Student Needs to be Georgia resident.

  • An individual should maintain good academic progress in their chosen course of study.

  • Candidate should apply using FAFSA form.

Student Loan Program for Hawaii

Hawaii is quite small in size still the state government work hard to create well-structured student loan for the student who is anywhere else in the country. Prime Lender of the Federal Family Education Loan Program (FFELP) is SMS. It’s a subsidiary company of USA funds, one of the USA's largest student loan guarantors. SMS Hawaii is the most efficient and effective company which provide special package version designed to offer Hawai students the best savings possible. They beat Stafford loans which are always cited the most popular in reference to a student loan.


SMS Hawaii has introduced an extended low interest, low fee Stafford loan

FFEL Products and Benefits

SMS Hawaii extends a low-interest, low fee Stafford Loan that is supposed to be one of the best in the country. Benefits kick in for other borrowers when payments start through an automated payment process. The PLUS loans offer incentives interest rate reductions for one time payments and automated payments borrowers.

State Higher Education Loan (SHEL)

This loan is awarded to the resident of Hawaii who is doing theirs under graduation and graduation. SHEL loan comes in a part of your financial aid package. Funds are limited under SHEL loan program so all the applicants cannot be offered SHEL loans. Candidates should be enrolled at least half time in an eligible degree-seeking program.

Hello, Students of Iowa

The state of Iowa has an organization called The Iowa College Student Aid Commission. The website has detailed resources for student regarding college financial aids. The state offers two types of loans, Institutional and private loans to the resident students.

Private Loans and Institutional Loans in Iowa

Oregon students who are looking beyond the conventional federal sources of funding will be looking for either institutional loans or private loans. These two types of loans are closely related, and both will require credit checks and come with higher interest rates. They will, however, be a suitable source of funding for many students. The key is to check out all the details with every organization you consider borrowing from and make sure to find some figures on how much the total cost will be.

while choosing the loan program students should pay attention to repayment deadlines and interest accrual periods, which are the main difference between student loans and other types of loans.

Institutional Loans

Students who seek Institutional Loans they need to contact their educational institutions. You have to justify your financial need and need to have a good credit score to get awarded with this loan.

Private Loans

Private Loans comes from Standard banks like Wells Fargo, SunTrust, and Citi Bank will all offer student loan packages.

Before selecting your option, you need to check key details with every organization. Make sure you have seen the total cost of the program which you’re going to select. You need to consider every aspect for repayment and interest before you sign any documents.

Iowa-Specific Private Loans Programs

This loan is only offered to the students who are resident of Iowa state. Creditworthy co-signer is required to get the Partnership Advance Education Loan. Many variants of this loan are quite affordable than standard private loans.

This loan program is offered in five options: three fixed-rate options and two variable-rate option.

Fixed-rate Option 1

  • Origination Fee: 0%.

  • Interest Rate: 7.75%.

  • Payments Required While Enrolled and During Separation Period: Yes, but payments are interest-only.

  • Separation Period: 10 months.

  • Principal and Interest Repayment Term: 10 years.

Fixed-rate Option 2

  • Origination Fee: 0%.

  • Interest Rate: 7.85%.

  • Payments Required While Enrolled and During Separation Period: Yes, but payments are interest-only.

  • Separation Period: 8 months.

  • Principal and Interest Repayment Term: 15 years.

Fixed-rate Option 3

  • Origination Fee: 4%.

  • Interest Rate: 7.90%.

  • Payments Required While Enrolled and During Separation Period: No.

  • Separation Period: 6 months.

  • Principal and Interest Repayment Term: 18 years.

Variable-rate Option 4

  • Origination Fee: 0%.

  • Interest Rate: 4.25% + 3-month Libor index.

  • Payments Required While Enrolled and During Separation Period: Yes, but payments are interest-only.

  • Separation Period: 10 months.

  • Principal and Interest Repayment Term: 10 years.

Variable-rate Option 1

  • Origination Fee: 4%.

  • Interest Rate: 4.35% + 3-month Libor index.

  • Payments Required While Enrolled and During Separation Period: No.

  • Separation Period: 6 months.

  • Principal and Interest Repayment Term: 15 years.

The website of The Iowa Student Loan gives a Clear summary of the Partnership Advance Education Loan, with the rates on loan. This type of details you need to consider before applying for any loan programs.

The Iowa Alliance Private Loan Program.

This is an exceptional loan program which does not require a cosigner or stringent credit check. A student who is denied a traditional supplemental private student loan can apply for this. However, there are eligibility criteria for this loan program.

  • You should have been denied by a cosigner for a private loan

  • You must be having only two accounts reporting 30 days delinquencies during the previous two years

  • You shouldn’t have any delinquencies of 60 days or more during the previous two years.

  • Applicant shouldn’t have charge-offs, repossessions, collection accounts, judgments, foreclosures or garnishments by any credit providers.

  • There shouldn’t be any previous bankruptcies

  • You shouldn’t have defaulted any previous student loan

  • Have no previous bankruptcies.

Kansas Student Loan Programs.

Resident student of Kansas has many students loan on their plate. FAFSA has determined the eligibility for the Federal Health Professions student loan (HPSL), Federal Loan for Disadvantaged student (LDS), Federal Direct Loans (Subsidized/Unsubsidized), Federal Parent Loan for Undergraduate Student (PLUS), and Federal Graduate Plus Loan. These are the loans available in the state of Kansas for students.

Federal Health Professions Student Loan (HPSL) and Federal Loan for Disadvantaged Student (LDS)

  • These Loan Programs are only offered by KU Lawrence

  • It gives students, benefit like fixed rate, low interest, need-based federal Loan

  • Federal Health Professions Student Loan (HPSL) and Federal Loan for Disadvantaged Students (LDS)

  • HPSL and LDS are fixed-rate, low-interest, need-based federal loan programs offered to students. You have to fill and submit FAFSA for HPSL and LDS programs.

The University of Kansas Endowment Association Loan Program

For the University of Kansas, KU Endowment serves as the official fundraising and fund-management organization. This organization is an independent and non-profit corporation.

Since many years KU alumni have provided gifts to KU Endowment to serve the purpose of providing low-interest loans to deserving students. This low-interest loan is available to undergraduate and graduate/professional/law students.

Private/Alternative Loan Programs

  • The KU Endowment Association Loan Program does support a few private loans. It offers loans to students who have at least a cumulative 2.0 KU GPA.

  • It is mandatory for New Grad students and transferred students to have at least a cumulative 2.5 GPA to be eligible.

  • There is no requirement of you to complete FAFSA to be eligible for this loan. If you have a co-signer then he/she has to apply for FAFSA.

Kentucky State Loans

Types of Student Loans Available to Kentucky Students

From years, The Kentucky Higher Education Assistance Authority (KHEAA) has been aiding state students to plan their college education. One of their best options is KAEL “Kentucky Advantage Education Loan which is one of the best an excellent for students of the state. KAEL builds a bridge between the cost of college and the amount of other financial aid received by the students. KHEAA propose students to go for Federal programs and then if they exhaust the funding they can go for other options. In 1978, the Kentucky Higher Education Student Loan Corporation (KHESLC) was formed. It’s a public, non-profit organization which was established by Kentucky general assembly. Below are The Kentucky Advantage Education Loan Repayment Plans, it generally comes with two different types.

Immediate Repayment

  • 7.25% fixed interest rate.

  • 2% guarantee fee

  • 0.5% Interest rate reduction for auto debit

Postponed Repayment

  • 7.75% fixed interest rate

  • 3% guarantee fee

  • 0.5% Interest rate reduction for auto debit

  • You will receive a minimum loan amount of $1000. The maximum you can get is $75000. You will get certification from your school which that KAEL is needed to pay your education cost.

Eligibility for Kentucky Advantage Education Loan

  • You need to be a Kentucky Resident enrolled at least half-time at an eligible school.

  • If you’re non-Kentucky resident then you need to be enrolled in an eligible Kentucky School at least at half-time.

  • Your age should be 18 or above.

  • You need to be U.S. Citizen or eligible Non-citizen with proof of residency card.

  • Your credit history should be accepted or approved by a co-signer.

  • Academic progress should be maintained.

Maine students loan

There are many types of loans which are offered by Maine state but you always have to remember that federal loans should be your first priority then you should go for other alternatives.

There three types of loans which are offered by the state.

  1.    Mine Loan

  2.    Maine Medical Loan

  3.    Maine Consolidation Loan

Maine Loan

This loan is better than other types of loans as it gives more reasonable features.6 months grace period, lowest cost interest rates and a wide and flexible choice of repayments plan you will get if you apply for this loan. Undergraduate and graduate students can apply for this loan. They can borrow funds for full education cost. It’s a bridge between the cost of college and traditional financial aid resources. Its an alternative student loan offered by Finance Authority of Maine (Fame)

Features of The Loan

  • Three fixed interest rates are offered in this alternative student loans on the repayment option which you select. These interest rates and the 0% upfront/guarantee fee are the lowest than the 2018-2019 federal direct plus loan.

  • A fixed interest rate of 4.99%, 6.29%, and 7.49% depending on the repayment option selected. All rates are lower than the 2018-19 Federal Direct (Parent/Grad) PLUS Loan.

  • Approved borrowers receive the same fixed interest rate for the repayment option selected, regardless of credit history or if there are co-borrowers.

  • There is no (0%) guarantee fee.

  • 0.25% interest rate reduction with automatic debit payments.

  • A low minimum loan amount of $1,000.

  • No annual or aggregate borrowing limits.

  • Six (6) month grace period.

  • No application fee.

  • No prepayment penalty.

  • Three (3) disbursements per academic year.

  • A range of repayment terms up to fifteen (15) years, depending on the repayment option selected.

  • High quality, personalized customer service based in Maine.

  • You can check for more information here

Maine Medical Loan

  • This loan is offered to the students who are pursuing meds school.

  • this loan is available to students pursuing a med school education. Of course, medical education is always expensive and they are hardly covered by federal Stafford loans.

  • So, your worries are ended by Maine medical Loan, they provide low-interest rates, an ultra-low minimum, no fees and choice of repayment terms.

Maine Consolidation Loan

  • This Loan help when other lenders have folded, it provides debt management choices for Maine students. This makes student loan repayment more affordable.

  • It bundles up the alternative loans into one and makes one low monthly payment for students.

  • With this type of consolidation loan, your monthly financial outlay will be drastically reduced.

Student loans for Massachusetts state.

The state has formed an organization called the Massachusetts educational financing authority. This organization helps resident students to find necessary loans to fulfill their education goals. Low Cost fixed interest rate loans are offered to the students, who are from the state itself by MEFA. MEFA has formed over thirty years ago. Their dedication has helped many students to find affordable student loans and to get access to higher education. This makes them credible sponsored financial aid service. MEFA helps students to get Federal education Loan and it also helps students to get low fixed interest education loans.

MEFA Undergraduate Loan

MEFA who has been there for 35 years, has provided low-cost fixed interest rate loans. Many families have been benefited to pay their college education.

  • Their fixed interest starts very low at 4.50% for the in-school period and 5.40% for the post-school period (APR*5.63-6.03%)

  • They have Multiple repayment options

  • It makes life easier for a student as it offers a fixed interest rate so their monthly payments become predictable.

Details for The MEFA Graduate Loan

  • Application for this loan will be for one academic year. You have to reapply if you want a loan for next year.

  • Maximum loan amount: Cost of attendance (tuition, fees, room, board, books, and miscellaneous expenses) minus financial aid

  • Minimum loan amount: $2,000 for a private school, $1,500 for a public school

  • Co-borrower is required for undergraduate students. Students and all co-borrowers are equally liable for loan repayment.

  • 4% origination fee with a co-borrower

  • Maximum deferral period is 60 months.

Eligibility for MEFA

  • You need to be enrolled for at least half time in an accredited degree-granting undergraduate program at an eligible non-profit college or university.

  • A student residing in the state of Massachusetts and attending college anywhere else in the country or out-of-the-state student attending college in Massachusetts.

  • Reasonable academic progress should be maintained and it will be defined by the college or university.

  • All borrowers should be the citizens or permanent residents of united states.

Graduate Loans

MEFA’s low cost fixed interest rate loans help students pay for graduate school. The interest rates are as follow,

  • 6.40% for the in-school/7.30% for the post-school period (APR* 7.50–7.75%).

  • The repayment period for this loan is 15 years. With Fixed interest rate, it ensures predictable monthly payments for the life of the loan.

  • Graduate students from the state of Massachusetts can have benefits of Graduate loans.

Eligibility for graduate loans

  • You need to enroll in an accredited degree-granting graduate program at least for the half time period at any eligible non-profit college or university.

  • Applicant should be the resident of Massachusetts and enrolled in any college from the country or non-resident student who is enrolled in Massachusetts colleges.

  • The student should maintain the standard of their academic progress and it should be supported by the college or university.

  • citizen of the U.S. or permanent resident of the united states are eligible for this loan.

Massachusetts No Interest Loan Program

Students facing financial needs can apply for this Massachusetts No Interest Loan Program. This program is for the students who want to attend post-secondary educational institutions with the state-funded loan. This program basically offers zero interest on loans. Period of 10 years is provided for the students.


  • legitimate Resident of Massachusetts for one year before the beginning of the college year.

  • a U.S. Native or non-resident qualified under Title IV guidelines.

  • Applied for Federal Student aid (FAFSA).

  • Be inconsistency with Selective Service Registration.

  • You shouldn’t be a defaulter for any federal or state student loans or do not have to refund any previous financial loan received.

  • Enrolment for any certificate in associate’s or bachelor’s degree program at an eligible institution is required.

  • Never obtain a bachelor’s degree or its equivalent.

  • Academic progress should be maintained in accordance with institutional and federal standards.

  • You need to justify your financial aid need by the federal methodology need analysis criteria.

Minnesota State student loans

Minnesota, one of the states which survived the recession period. The state has formed an agency called Minnesota Office Higher Education. MOHE is basically established to look after resident students who want to pursue their higher education and who need financial aid for the same. SELF loans have been introduced by MOHE to help students to pay for their college.

SELF Loans

Over $2.0 Billion has been provided to students who need student loans since 1984.   is basically a long term, low-interest educational loan primarily for Minnesota students who need financial aid for their higher education. MOHE administer this state agency in the benefit of students of Minnesota.


  • Eligible state student who are pursuing their education in postsecondary institutions in state or out of state or non-resident student attending colleges within the state of Minnesota.

  • Students should attend at least half time in SELF eligible school and make satisfactory progress.

  • The College should be SELF eligible.

Nebraska Student Loan Program

Nebraska Student Health Loans.

The Nebraska Student Loan Program is one of its kind. It was formed in 1979 to help students who want to pursue careers as medical, physician assistant, dental and graduate level health. This loan is for the student living in Nebraska. NSHL is awarded to students who agree to practice one year in the state-designated shortage area.

New Jersey state student loan programs

Other than federal student gets the benefit to apply for The New Jersey College Loan to Assist State Students. NJCLASS is state-based low cost and fixed interest rate student loan program. It is available to the new jersey’s college-bound residents and can be used as a supplement to the federal student loan program.

Key Features for NJCLASS

  • Low fixed interest rates.

  • Flexible repayment options.

  • Instant credit decision.

  • No penalties for early repayment.

There are three options for NJCLASS.

The NJCLASS Classic Loan.

This loan program is available for students who are doing their undergraduate. It awards a low fixed interest rate, flexible repayment plans, and up to 20 years repayment option.

The NJCLASS Graduate and Professional Student Loan.

Students pursuing graduate and professional education journey can apply for this loan. Flexible repayment and low-interest rates are the key benefits for this loan. Under this program, students don’t need to submit any income proof to qualify. There is no requirement of co-signer to receive this loan.

The NJCLASS consolidation Loan

It is available to borrowers with more than $30,000 in outstanding NJCLASS loans. The consolidation loan helps students to reduce their monthly payment this will help them to manage outstanding debt.

Student loan programs in New Mexico

The New Mexico Higher Education was formed to build resources for state students. It provides a clear overview of the colleges in New Mexico and helps students to advise and plan for college with their attractive loan repayment programs. The list gives an overview of different loan programs.

Medical Loan for Service

If you want to pursue your medical education, worry no more! As new Mexico state offer the loan program named medical loan for service. Due to a shortage in the state for the health professional, this program was launched. However, students need to prove their intention to practice in the designated shortage area of the state. If they do so, part of their loan will be forgiven.


  • A resident of New Mexico state for 12 months.

  • Official consideration from medical school within New Mexico.

  • Enrolled at least half time.

  • Justify your financial need.

  • A student should declare his/her intent to practice as a health professional in a designated shortage area within the state of New Mexico.

Allied Health Loan for Service Program

Allied health loan for service program is awarded to the students who want to pursue their education in the medical field. As there is a shortage of health practitioners, by offering education loans to students who seek certification/licensure in an eligible health field which include the following

  • Physical therapy

  • Occupational therapy

  • Speech-language pathology

  • Audiology

  • Pharmacy

  • Respiratory Care

  • Laboratory Technology

  • Mental Health-Social Services

  • Emergency Medical Services

  • Nutrition

  • Dental Hygiene


  • Residing in the state of New Mexico for the past 12 months.

  • Attended any public post-secondary institution in New Mexico.

  • A student should be undergraduate or graduate.

  • Enrolled for at least half-time semester.

  • Justify their financial need.

  • Intention to practice as a health professional in a designated shortage area within the state of New Mexico.

Nursing Loan For Service Program

Due to the shortage in the number of nurses in the state. The student should declare the intention to work in the designated shortage area to get the benefit of 100% on forgiveness.


  • Residing in New Mexico for consecutively 12 months.

  • Enrolled for a nursing program at the New Mexico public college or university.

  • Enrolled for at least half-time.

  • Justify financial need.

  • Intention to practice health professional in a designated shortage area within the state of New Mexico.

Teacher Loan For Service Program

Students who want to enter in the education field as a teacher will receive benefits from this program. Due to a shortage of teachers, this program was introduced by the state of New Mexico. It is mandatory for students to complete or enhance their post-secondary teacher preparation education to receive this loan.


  • Resident of New Mexico for 12 monthsat least.
  • Enrolled in teaching or an alternative licensure teacher preparation program.

  • Enrolled at least half-time.

  • Undergraduate or Graduate.

  • Demonstrate financial need.

  • A student must declare his/her intent to practice as a teacher in a designated shortage area within the state of New Mexico.

WICHE Loan For Service Program

This program is basically for the student who is engaged in graduation or professional programs. This program is only offered to students who enroll at selected out of state graduate/professional program and it is not offered to New Mexico public universities.

They award tuition for most students, resident tuition in public institutions or reduced standard tuition at private school. It pays support fee for the student to help cover the cost of education.


  • U.S. Citizen or permanent resident alien.

  • Graduated from a New Mexico public accredited high school or resided in New Mexico for three consecutive years prior to application of the program (tax forms required for all three years).

  • Attend an eligible public or private school listed for Veterinary Medicine or Dentistry.

Link Loan

Link Loan is a private loan, NMSL provide this loan to students to build a bridge between federal loans and the actual fees. This is a low-cost loan tool. After federal loans are exhausted students can apply for this loan to pay their tuition in full amount. This program is offered to the resident students of New Mexico.

Rhode Island Student Loan Programs

The Rhode Island Student Loan Authority (RISLA) is a state agency which is available for financial aid to Rhode island resident students. The loan process offered to the student is simple and the packages are designed in such a way that it makes life better for both parents and students before, during and after college.

RISLA helps students to guide through the process of selecting federal loans. This agency is a direct provider for the federal family education loan program (FFELP). This also includes filling and submitting FAFSA, which mandatory for eligibility to many other financial aid programs. These are the main Federal Loan programs.

RISLA Alternative Loans

Why Alternative loans? Usually, college students find federal loans are not enough. Stafford’s always runs out after a few thousand dollars, which not enough for any college tuitions. Below are the two alternative loans offered by RISLA.

The Rhode Island Family Education Loan

In this loan, students need to seek for a co-borrower with good credit. Students also need to have good credit as well. The interest rate on this loan is determined how good is your credit is. Each year, up to an extra $35,000 can be received under the family education loan.

Opt-out and fixed rate of interest given as perk if the payments are made on time. Students can receive an exemption from the payment until after graduation.

The College Bound Loan

This loan is a competitive alternative loan that is offered to “preferred borrowers.” If you have good credit then you will receive a better loan.

The Bar Review Loan

The Bar Review Loan is offered to the students in the final year of their law school, in state or out of state college. The expenses incurred during the final year while studying and taking the bar exam are covered from this loan. This loan comes with low cost, low-interest bells and whistles as it can muster.

Student loan Option in South Carolina

Other than available federal loans in the state of South Carolina, Students have options of taking alternative loans.

South Carolina’s Alternative Student Loans

The Palmetto Assistance Loan (PAL)

  • In this loan program, the student does not need parents to take a loan on their behalf.

  • Students under the age of 24 will need a cosigner with good credit in order to borrow the loan.

  • PAL is not only available for SC students but it always awards loans to state students studying outside. Interest can be paid while you’re in school, this will lower your future monthly payments.

PAL education Loan for college

  • Best option under palmetto assistance loan as it offers rates as low as 4.33%*.

  • One of the best options in South Carolina for students who are attending college within the state.

  • It will fit in your monthly budget as it offers low rates and flexible repayment plans. It will cover your tuition and other education costs in undergraduate or graduate school.

College loans for parents

  • PAL also offers programs for parents as it provides flexible low rates at 3.88%*.

  • Palmetto assistance is for South Carolina parents and student. It offers best loan plans for South Carolina families.

  • Palmetto is quite flexible, you can take out parent loan or cosign on a student loan for your child at the same low rate.

Texas Student Loan Programs

Texas has its own education board framed which called The Texas Higher Education Coordinating Board. This state-sanctioned board designed to provide student loan resource for the benefit of Texas students. It eases the worry of the student to get enrolled in any state’s higher education facilities by providing assistance in planning and paying for college.

Recently Texas has increased its number in students getting a degree with the help of “Closing the Gaps” Program.

THECB Loan Programs for Texas Higher Education

The THECB offers constant, low-interest college financing opportunities for state student. This program is shaped to help state student who qualifies to pay in-state tuition rates. Instead of selling student loans to other creditors The THECB holds it to them, this means student loans are serviced by the state over their entire lifetimes, in these two distinct categories:

College Access Loans (CAL)

Texas B-On Time Loan (BOT)

College Access Loans

This program offers supplemental funding for state students.

The student will be needing credit references and cosigners as this state-sponsored loan is credit based opportunity.

Texas students do not require to demonstrate financial need to qualify as these loans are open for them.

It will deduct federal awards and other financial aid before handing the cost of each students education. It will determine CAL about after this process.


  • The student should be a resident of Texas.

  • Enrolled for at least half-time.

  • Conducting their bachelor’s, graduate or higher degree or should be enrolled in an alternative educator certification program.

  • Meet the eligibility criteria for academic progress set by the University of attendance.

  • Loans provide a minimum amount of $100 and the maximum is related to the actual cost of attending, minus any other aid received.

Texas B-On-Time Loans

Texas B-On-Time Loans offers loan to the neediest applicants. The promissory note has to be submitted after the approval of the financial aid office.


  • Should be residing in Texas state.

  • The student should have Completed high school in 2003 or after.

  • The student should be awarded a bachelor’s degree previously.

  • Enrolled with the college full time.

  • Enrolled for an undergraduate degree or certificate program.

  • FAFSA should be submitted on time and qualify for the federal aid.

Student Loan Programs in Vermont

Since 1965 Vermont has formed a financial aid body for the benefits of students. The Vermont Student Assistance Corporation (VSAC) helps students to plan for their college, guide them to save money on education before entering the college years and advise them how to choose multiple financing options to pay for college. Other than Federal Loans there is one VSAC private Loan which is called as Vermont Advantage This loan can be applied after you exhaust your federal student loan. This private student loan comes with fixed lower rates than others.


  • The student should be resident of Vermont or enrolled to a Vermont university, students from Vermont studying anywhere in the country can apply for this loan. Out of the state, students can also enjoy the benefit for this loan if they are attending school in Vermont.

  • You should be the U.S.  Citizenship or must be an eligible non-citizen.

  • Cosigner whose credit has been approved

  • You must have complete under graduation or you may be enrolled in graduate or professional training.

  • Should attend till the half time at least

  • You need to meet eligibility criteria for federal financial aid

  • You should be a defaulter of any VSAC loan.

FAQ's For Student Loan Programs By State

1. What is the difference between FFEL and direct loans?

You will Receive choices of lenders in the FFEL Program wherein The Direct Loan you can't enjoy those benefits.

2. What is a state student loan?

State Student loans are awarded by state agencies or state-chartered non-profit organization. This loan is offered to the resident student of a particular state or to the students who are enrolled at the colleges in the state. Usually, state loan programs offer fixed interest rates

3. Is FAFSA required for State student loans?

If you have qualified for FAFSA then only you can get a State or Federal Student Loan.

4. How do I know if my school is eligible to receive funding from ACPE?

You need to check with your college if has received Title IV aid, such as Pell grants or Direct Loans.

5. What is a private alternative loan?

Private alternative loans come into existence to fill the gap between college educational cost of a student and the amount awarded under federal loans. You can receive Private loans from private lenders for this you don’t need to fill any federal forms.

6. What does the cost of attendance mean?

The estimated total costs of attending a particular school for one year determined by colleges or college financial offices

7. What is the Federal Health Professionals Loan?

A federal loan awarded to students who intend to pursue their career as health professionals.

8. What is a nursing student loan?

Federal Government has formed this loan program to provide financial aid for students who want to pursue their education in a nursing career. To receive this loan Student need to justify their intention to provide their service to a Critical Shortage Facilities.  

9. What does co-signer mean

The person who pays debt on behalf of the borrower is called co-signer. Co-signer requires a good credit score or lengthy credit history.

10. Which is a better variable or fixed rate student loan?

Variable student loan interest rates are hiking day by day, so fixed rate student loan is a more advisable option for the borrowers

11. Is MEFA a good loan?

This loan program is for both graduates and undergraduates. Even parents can get a loan of up to 100% for their child's college education. Loan consolidation is not offered by MEFA

12. What type of loan is a SELF loan?

SELF Loan is offered by the Minnesota Office of Higher Education. This state agency offers SELF Loan on a long term and low-interest basis.

13. How long do you have to live in New Jersey to get in-state tuition?

12 months.

14. How do I prove residency in NJ?

You need to provide New Jersey State Driving License or Photo Identification card as proof and your new jersey address.

15. What is palmetto assistance loan

PAL loans are for the students of South Carolina. This loan comes with a low, fixed interest rate, private education loan for students or their parents. PAL is used to pay for educational expenses like tuition and fees, room and board, books, school supplies, transportation, and a computer.

16. Is a Parent PLUS Loan better than a private loan?

Federal PLUS loans are better than Private student loans if you don’t plan to pursue public service loan forgiveness

17. What's Texas “be on time” loans

Under Texas “be on time” Loans if the student fulfills all the goals then the entire loan amount can be forgiven upon graduation. This loan usually comes with zero interest to attend colleges and universities in Texas.